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Criminal attack groups are now getting into advanced level of cyber-attacks. Cyber criminals use extensive resources and skilled technical staff to carry out attacks on unsecure networks, Attack groups is focusing on vulnerable security systems and then exploit the same before any counter measures are carried out to prevent the threats. According to a research by Symantec, the year 2015 witnessed a record nine mega-breaches which included Anthem, OPM, and also voter database that exposed 429 million personal identities. It also found that, many companies chose not to disclose the statistics at all. As per guess, the number of records breached would go over half a billion, considering the unreported volume, opinions Symantec. Fake technical support scams rose 200% year over year, and texts to smartphones are designed to drive users to fake call centres. As per the federal government estimates, almost $40 million is raised annually by fake centres through various means.
Based on the application type, the LAMEA 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 LAMEA Security Analytics market is further segmented across cloud based deployment and on-premise. Based on country, LAMEA Security Analytics market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. South Africa remained the dominant region in the LAMEA Security Analytics market in 2015. Rest of LAMEA 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.