Lucintel Forecasts Security Analytic Market to Reach $31.3 Billion by 2028

According to the recent study the security analytic market is projected to reach an estimated $31.3 billion by 2028 from $14.1 billion in 2023, at a CAGR of 17.2% from 2023 to 2028. Growth in this market is primarily driven by growing demand for detection of real-time advanced persistent, increasing trend of IoT, connected network devices, and cloud computing, and rising adoption of advanced technologies in internet security across the globe.

A more than 150–page report is developed to understand trends, opportunities and forecast in security analytic market by component (platform, services, and professional services), organization (large enterprises and small and medium-sized enterprises (SMES)), application (web security analytics, network security analytics, endpoint security analytics, application security analytics, and others), vertical (BFSI, retail and ecommerce, media and entertainment, travel and hospitality, telecom and it, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link 

https://www.lucintel.com/security-analytic-market.aspx   

“Small and medium-sized enterprises (SMES) market is expected to remain the largest segment during the forecast period.”

Based on organization, the security analytic market is segmented into large enterprises and small and medium-sized enterprises (SMES). Lucintel forecasts that the small and medium-sized enterprises (SMES) market is expected to remain the largest segment due to escalating demand for end-point security solutions across various e-commerce start-ups like retail and financial sectors.

“Within the security analytic market, the BFSI segment is expected to remain the largest vertical.”

Based on vertical the BFSI segment is expected to witness the highest growth over the forecast period due to the growing demand for robust security against phishing attacks and frauds and digital privacy systems across financial, insurance, and banking institutes.

“North America will dominate the security analytic market in near future.”

North America will remain the largest region due to the growing frequency of data breaches, malware assaults, and persistent threats and increasing acceptance of technological advancements in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/security-analytic-market.aspx.

Major players of security analytic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. IBM, HPE, Broadcom, Splunk, RSA Security, FireEye, Juniper Networks, and LogRhythm are among the major security analytic providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/security-analytic-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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