GITNUX MARKETDATA REPORT 2024
Security Analytics Industry Statistics
The Security Analytics Industry is poised for significant growth, with the global market projected to reach $18.1 billion by 2024, driven by increasing cyber threats and the need for advanced security solutions.
Statistic 1
"In 2019, the global Security analytics market size was valued at USD 3.01 billion."
Statistic 2
"It is projected that the security analytics market will reach USD 18.1 billion by 2024."
Statistic 3
"Security analytics market is growing at a CAGR of 18.2% from 2021 to 2028."
Statistic 4
"North America holds the highest market share in the security analytics industry in 2020."
Statistic 5
"The banking, financial services, and insurance (BFSI) vertical held the largest market size in 2019."
Statistic 6
"Approximately 53% of businesses had no formal process to assess their third-party vendors in 2020."
Statistic 7
"The Cloud-based security analytics is expected to witness highest growth due to its cost-effectiveness and easy deployment."
Statistic 8
"Cyber incidents ranks as the No.1 business risk for enterprises globally in 2020."
Statistic 9
"The market share of the European region in the global security analytics market was 26.6% in 2018."
Statistic 10
"Asia-Pacific is expected to grow at highest CAGR due to rapid digitization in countries like China and India."
Statistic 11
"The endpoint security analytics segment is expected to grow at a higher rate in the forecast period."
Statistic 12
"In 2020, the U.S. accounted for the largest share of the North America security analytics market."
Statistic 13
"About 95% of businesses are following the trend of digital transformation for business process improvement."
Statistic 14
"60% of digital businesses will suffer service failures due to inability of security teams to manage digital risk by 2020."
Statistic 15
"The web security analytics segment held the largest market size and will continue to dominate in future."
Statistic 16
"70% of organizations believe using security analytics improves threat detect response."
Statistic 17
"In 2021, 41% of organizations are planning to increase spending on AI and machine learning."
Statistic 18
"The average cost of a data breach in 2020 was $3.86 million."
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