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[March 25, 2014]
Global Security Analytics Market 2014-2018: The Increased Complexity of Network Infrastructure Could Pose a Challenge to Growth of the Market
(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (
) has announced the addition of the "Global Security Analytics Market 2014-2018" report to their offering.
The analysts forecast the Global Security Analytics market to grow at a CAGR of 10.61 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need to improve the quality of protection. The Global Security Analytics market has also been witnessing the adoption of SaaS-based security solutions.
Key vendors dominating this space are Blue Coat Systems Inc., EMC Corp., Hewlett-Packard Co., IBM Corp., and Juniper Networks Inc.
Other vendors mentioned in the report are 21CT Inc., Cisco Systems Inc., Kindsight Inc., LogRhythm Inc., Quantum Secure Inc., Securonix Inc., TIBCO Software Inc., and Veracode Inc.
Commenting on the report, an analyst from the team said: One of the major trends observed in the market is the growing adoption of SaaS-based security solutions. Since SaaS-based security solutions follow the pay-per-use model, they are more affordable than the traditional full license security solutions. In addition, these solutions provide several advantages such as ease of installation and upgradation, leading to their increased adoption. As the market is witnessing an increased adoption of SaaS-based security solutions, major vendors such as EMC and Juniper are providing such solutions. The high adoption of SaaS-based security solutions among SMEs is also expected to support the growth of the Global Security Analytics Solutions market during the forecast period.
According to the report, the growth of the Global Security Analytics market is driven by several factors, of which the need to improve the quality of protection is an important driver. As the frequency of attacks is increasing, organizations are implementing security analytics solutions, which efficiently monitor and provide enhanced protection, at a rapid rate. Hence, many end-users are adopting security analytics solutions, a trend that is supporting the growth of the Global Security Analytics market.
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