Major shift toward bring your own device (BYOD) trend along with penetration of Internet of Things (IoT) devices drives the growth of the Security Analytics Market. Moreover, with growth in adoption of advanced technologies, the instances of cyber-attacks have also increased, which will drive the demand for security analytics, thus fueling the growth of the market. However, lack of expertise and awareness is expected to restrain the growth of the market. Furthermore, growth in adoption of big data analytics and cloud infrastructure due to COVID-19 pandemic is expected to provide lucrative opportunities for the market.
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Security analytics uses big data analytics and machine learning to gather, categorize, and analyze data collected from network devices to detect advanced threats. The data used in security analytics can be collected in several ways such as network traffic, end-point & user behavior data, cloud resources, business applications, non-IT contextual data, identity & access management, and external threat intelligence sources. The need of security analytics is increasing due to rapid advancements in malware and cyber exploits.
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By geography, it is analyzed across North America, Europe, Asia-Pacific, Latin America ,the middle East and Africa. Key players profiled in the report include IBM, HPE, Cisco, Broadcom, Splunk, RSA Security, McAfee, FireEye, Juniper Networks, LogRhythm, Huntsman Security.
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Impact of COVID-19 on Security Analytics Market
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