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Compliance is becoming a key driver of security requirements for more businesses. With abiding by the government and industry regulations, both large and small corporations are also implementing internal security policies and procedures. To ensure compliance, regulations, policies and procedures are monitored at all levels. Rising security threats due to the use of laser targeted methods to breach security networks and regulatory framework for adherence of standards are the factors driving the security analytics market.
Growing adoption of Internet of Things (IoT), bring your own devices (BYOD), and rapid growth of deployment of web & cloud based business applications are an invitation for cyber criminals. The growing threat in the aforementioned applications is the factor leading to wide adoption of security services and eventually market growth. Network infrastructure and connected devices are secured through security analytics solutions.
The emerging IoT and BYOD trends and connected number of endpoints are susceptible to Advanced Persistent Threats (APTs). Based on the application type, the Europe Security Analytics market is segmented into web security analytics, network security analytics, endpoint security analytics, application security analytics and others. Web security analytics holds the dominant position in 2015; however, End point security would witness maximum CAGR during the forecast period.
Based on the solution type, the security analytics market is segmented into product and services. The services segment is further sub divided into professional and managed security services. The verticals covered within the scope of the report covers government & defense, banking, financial services and insurance (BFSI), retail, telecom and IT, healthcare, manufacturing and other sectors.
In 2015, Government & Defense sector dominated the security analytics market by vertical. Based on the deployment type, the Europe Security Analytics market is further segmented across cloud based deployment and on-premise. Based on country, Europe Security Analytics market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Germany remained the dominant region in the Europe Security Analytics market in 2015. Rest of Europe would witness highest CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Security Analytics market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Arbor Networks, Inc. Blue Coat Systems, Inc. HP Enterprise Company, FireEye, Inc., Logrhythm, Inc., Alien Vault, Inc.