04 Mar Security Analytics Report Q3 2015
Security Analytics Report
A SPECIAL REPORT FROM THE EDITORS AT CYBERSECURITY VENTURES
The Security Analytics Report provides cybersecurity analytics market trends, statistics, forecasts and resources for chief information security officers (CISOs) and IT security staff.
Security analytics market expected to exceed $3 billion by 2018
- The big data and analytics market will reach $125 billion worldwide in 2015, according to research firm IDC. Big data analytics tools will be the first line of defense, combining machine learning, text mining and ontology modeling to provide holistic and integrated security threat prediction, detection, and deterrence and prevention programs, according to recent predictions by The International Institute of Analytics (IIA).
- The global security analytics market will be worth $3.22 Billion by 2018, according to Markets and Markets.
- The North American security analytics market is expected to grow from $835.6 million in 2014 to $1.2 billion + in 2019, at a CAGR of 7.8 percent from 2014 to 2019, according to a report from MicroMarketMonitor.
- MicroMarketMonitor says the security analytics market is expected to grow significantly in the North American region due to the increasing number of security breaches, continued line of sophisticated attacks, and the existence of obsolete cyber defense systems in organizations. Vendors in the security analytics market are constantly innovating and remodeling their existing architecture to develop better and more secure systems.
- By 2016, 25 percent of large global companies will have adopted big data analytics for at least one security or fraud detection use case, according to Gartner.
- Anton Chuvakin, Research Vice President with Gartner, recently stated “As many organizations continue to struggle with utilizing traditional security tools… the expectation that they will magically adopt security analytics approaches as well as big data technologies is questionable at best — the emerging tools make some tasks easier, but come with their own skill requirements“.
- “A big challenge in the cybersecurity analytics space is sifting through all the vendor hype to find the right tool… since each company has its own unique needs and the market is crowding with new entrants ranging from major tech vendors to startups flush with lots of VC cash to power their marketing spin” says Steve Morgan, Editor-In-Chief of the Cybersecurity Market Report. “An even bigger challenge is finding security practitioners who have real-world big data analytics experience in the context of combating cyber-threats. There’s a small universe of cyber-pilots who have seen active duty in this space”.
- Microsoft will make its Advanced Threat Analytics (ATA) cybersecurity software – based on technology Microsoft acquired when it bought Israeli cybersecurity startup Aorato last year – available starting in August (2015), according to a ZDNet article.
- SAS Institute, the $3 billion plus business analytics software and services company, and the largest independent vendor in the business intelligence market, is a new entrant in the cyber analytics space with its SAS Cybersecurity solution.
Steven C. Morgan, Editor-In-Chief
- is Founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity Market Report and the Cybersecurity 500 list of the world’s hottest and most innovative cybersecurity companies. Steve writes the weekly Cybersecurity Business Report for IDG’s CSO, and he is a contributing writer for several business, technology, and cybersecurity media properties.
© 2015 Cybersecurity Ventures. All rights reserved. Federal copyright law prohibits unauthorized reproduction of this Report by any means and imposes fines up to $150,000 for violations. Reproduction in whole or in part in any form or medium without expressed written permission of Cybersecurity Ventures is prohibited.