North America Security Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (On-Premise and Cloud-Based), Application (Network Security Analytics, Endpoint Security Analytics, Application Security Analytics, Web Security Analytics, and Others), Organization Size (Small and Medium Enterprises and Large Enterprises), and Industry (BFSI, Government, Consumer Goods and Retail, IT and Telecom, Healthcare, Energy and Utilities, Manufacturing, and Others)
Market Introduction
The US, Canada, and Mexico are the major economies in North America that highly invest in advanced technologies, making the region a competitive market for various companies. North America is one of the technologically advanced regions globally, owing to the factors such as early adoption of technologies, investments of governments in new advancements, and strong economic growth. Digitization is touching every aspect of lives, and the region is swiftly transforming with the implementation of cloud computing, mobile technology, social media, and advances in analytics. In the digital transformation era, various technologies and solutions are implemented in North America to support rapid and accelerating change. Further, the rapid adoption of e-commerce, social media, and advanced technologies such as artificial intelligence and IoT has widened the platform for cyberattacks due to massive data generation. This drives the need for advanced threat intelligence solutions across North America.
North America is one of the most critical regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a substantial industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. The US is a prominent market for security analytics in several industries. The country consists of the maximum number of security analytics platform developers. Further, the COVID-19 pandemic has forced companies to adopt work-from-home trends, increasing big data and data analytics demand. The pandemic has created an enormous challenge for businesses in North America to continue operating despite massive shutdowns of offices and other facilities. The changing nature of working has affected IT security. Therefore, organizations are witnessing an increased risk of cyberattacks due to the extensive use of open-source software, such as zoom, skype, and other apps or software, during remote working.
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Market Overview and Dynamics
The security analytics market in North America is expected to grow from US$ 5,226.38 million in 2021 to US$ 14,546.36 million by 2028; it is estimated to grow at a CAGR of 15.7% from 2021 to 2028. Banks in the region are acknowledging the importance of security analytics solutions and progressively adopting and implementing these solutions, which, in turn, propels market growth. In the BFSI sector, a security analytics solution is used for real-time fraud detection. Security analytics automates the detection of data anomalies automatically and triggers actions to counter them. For instance, in June 2021, Bank of America announced that it had ramped its cybersecurity spending to over US$ 1 billion a year as a series of sweeping cyberattacks had struck private companies and federal government networks over the past years. Therefore, the growing banking institutions in the region have increased the threats of cyberattacks, and therefore, it is likely to flourish the need for security analytics solutions.
Key Market Segments
North America security analytics market is segmented into component, deployment, application, organization size, industry, and country. Based on component, the North America security analytics market is bifurcated into solution and services. In 2020, the solution segment led the North America security analytics market, accounting for a larger security analytics market share. Based on deployment, the North America security analytics market is bifurcated into on-premise and cloud-based. In 2020, the cloud-based segment accounted for a larger security analytics market share. Based on application, the North America security analytics market is segmented into network security analytics, endpoint security analytics, application security analytics, web security analytics, and others. In 2020, the network security analytics segment accounted for the largest security analytics market share. Based on organization size, the North America security analytics market is bifurcated into small and medium enterprises and large enterprises. In 2020, the large enterprises segment accounted for a larger security analytics market share. Based on industry, the North America security analytics market is segmented into BFSI, government, consumer goods and retail, IT and telecom, healthcare, energy and utilities, manufacturing, and others. In 2020, the BFSI segment accounted for the largest security analytics market share. Based on country, the North America security analytics market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the security analytics market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Broadcom, Inc.; Cisco Systems, Inc.; Hewlett Packard Enterprise Development LP (HPE); Huntsman Corporation; IBM Corporation; McAfee, LLC; Rapid7; RSA Security LLC; SolarWinds Worldwide, LLC; and Splunk, Inc.
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North America Security Analytics Market Segmentation
North America Security Analytics Market - By Component
- Solution
- Services
North America Security Analytics Market - By Deployment
- On-Premise
- Cloud-Based
North America Security Analytics Market - By Application
- Network Security Analytics
- Endpoint Security Analytics
- Application Security Analytics
- Web Security Analytics
- Others
North America Security Analytics Market - By Organization Size
- Small and Medium Enterprises
- Large Enterprises
North America Security Analytics Market - By Country
- US
- Canada
- Mexico
North America Security Analytics Market - Company Profiles
- Broadcom, Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP (HPE)
- Huntsman Corporation
- IBM Corporation
- McAfee, LLC
- Rapid7
- RSA Security LLC
- SolarWinds Worldwide, LLC
- Splunk, Inc
Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Security Analytics Market – By Component
1.3.2 North America Security Analytics Market – By Deployment
1.3.3 North America Security Analytics Market – By Application
1.3.4 North America Security Analytics Market – By Organization Size
1.3.5 North America Security Analytics Market – By Industry
1.3.6 North America Security Analytics Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Security Analytics Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Security Analytics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Cases of Cyber Threats and Security Breaches
5.1.2 Increment in the Adoption of Advanced Technologies
5.2 Market Restraints
5.2.1 Lack of Skilled IT Security Personals and Shortage of Proper Allocation of IT Security Budgets
5.3 Market Opportunities
5.3.1 Big Data and Cloud-Based Infrastructure Getting Popular
5.4 Future Trends
5.4.1 Growing Number of Internet Users
5.5 Impact Analysis of Drivers and Restraints
6. Security Analytics Market – North America Analysis
6.1 North America Security Analytics Market Overview
6.2 North America Security Analytics Market Forecast and Analysis
7. North America Security Analytics Market Analysis – By Component
7.1 Overview
7.2 North America Security Analytics, by Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Security Analytics Market – By Deployment
8.1 Overview
8.2 North America Security Analytics, by Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-Based
8.4.1 Overview
8.4.2 Cloud-Based: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Security Analytics Market – By Application
9.1 Overview
9.2 North America Security Analytics, by Application (2020 and 2028)
9.3 Network Security Analytics
9.3.1 Overview
9.3.2 Network Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Endpoint Security Analytics
9.4.1 Overview
9.4.2 Endpoint Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Application Security Analytics
9.5.1 Overview
9.5.2 Application Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Web Security Analytics
9.6.1 Overview
9.6.2 Web Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Security Analytics Market – By Organization Size
10.1 Overview
10.2 North America Security Analytics, by organization size (2020 and 2028)
10.3 Small and Medium Enterprises
10.3.1 Overview
10.3.2 Small and Medium Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Large Enterprises
10.4.1 Overview
10.4.2 Large Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Security Analytics Market – By Industry
11.1 Overview
11.2 North America Security Analytics, by industry (2020 and 2028)
11.3 Banking, Financial Services and Insurance (BFSI)
11.3.1 Overview
11.3.2 BFSI: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Government
11.4.1 Overview
11.4.2 Government: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.5 IT and Telecom
11.5.1 Overview
11.5.2 IT and Telecom: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.6 Healthcare
11.6.1 Overview
11.6.2 Healthcare: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.7 Energy and Utilities
11.7.1 Overview
11.7.2 Energy and Utilities: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.8 Consumer Goods and Retail
11.8.1 Overview
11.8.2 Consumer Goods and Retail: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.9 Manufacturing
11.9.1 Overview
11.9.2 Manufacturing: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.10 Others
11.10.1 Overview
11.10.2 Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12. North America Security Analytics Market – Country Analysis
12.1 Overview
12.1.1 North America: Security Analytics Market, by Country
12.1.1.1 US: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 US: Security Analytics Market, by Component
12.1.1.1.2 US: Security Analytics Market, by Deployment
12.1.1.1.3 US: Security Analytics Market, by Application
12.1.1.1.4 US: Security Analytics Market, by Organization Size
12.1.1.1.5 US: Security Analytics Market, by Industry
12.1.1.2 Canada: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Canada: Security Analytics Market, by Component
12.1.1.2.2 Canada: Security Analytics Market, by Deployment
12.1.1.2.3 Canada: Security Analytics Market, by Application
12.1.1.2.4 Canada: Security Analytics Market, by Organization Size
12.1.1.2.5 Canada: Security Analytics Market, by Industry
12.1.1.3 Mexico: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Mexico: Security Analytics Market, by Component
12.1.1.3.2 Mexico: Security Analytics Market, by Deployment
12.1.1.3.3 Mexico: Security Analytics Market, by Application
12.1.1.3.4 Mexico: Security Analytics Market, by Organization Size
12.1.1.3.5 Mexico: Security Analytics Market, by Industry
13. North America Security Analytics Market - COVID-19 Impact Analysis
13.1 North America
14. Security Analytics Market - Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Merger and Acquisition
15. Company Profiles
15.1 IBM Corporation
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Hewlett Packard Enterprise Development LP (HPE)
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Cisco Systems, Inc.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Broadcom, Inc.
15.4.1 1.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 McAfee, LLC
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Splunk, Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Huntsman Corporation
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 SolarWinds Worldwide, LLC
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Rapid7
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 RSA Security LLC
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Glossary
LIST OF TABLES
Table 1. North America Security Analytics Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. US: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, North America Security Analytics Market
LIST OF FIGURES
Figure 1. North America Security Analytics Market Segmentation
Figure 2. North America Security Analytics Market Segmentation – By Country
Figure 3. North America Security Analytics Market Overview
Figure 4. North America Security Analytics Market, By Component
Figure 5. North America Security Analytics Market, By Deployment
Figure 6. North America Security Analytics Market, By Application
Figure 7. North America Security Analytics Market, By Organization Size
Figure 8. North America Security Analytics Market, By Industry
Figure 9. North America Security Analytics Market, By Country
Figure 10. North America PEST Analysis
Figure 11. North America Security Analytics Market Ecosystem Analysis
Figure 12. Expert Opinion
Figure 13. North America Security Analytics Market Impact Analysis of Drivers and Restraints
Figure 14. North America Security Analytics Market, Forecast and Analysis (US$ Mn)
Figure 15. North America Security Analytics Market Revenue Share, by Component Type (2020 and 2028)
Figure 16. North America Solution: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Services: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Security Analytics Market Revenue Share, by Deployment (2020 and 2028)
Figure 19. North America On-Premise: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Cloud-Based: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Security Analytics Market Revenue Share, by Application (2020 and 2028)
Figure 22. North America Network Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Endpoint Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Application Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Web Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Security Analytics Market Revenue Share, by Organization Size (2020 and 2028)
Figure 28. North America Small and Medium Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Large Enterprises: Security Analytics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Security Analytics Market Revenue Share, by Industry (2020 and 2028)
Figure 31. North America BFSI: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Government: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America IT and Telecom: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America Healthcare: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America Energy and Utilities: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America Consumer goods and retail: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America Manufacturing: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. North America Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. North America: Security Analytics Market, by Key Country – Revenue (2020) (US$ Million)
Figure 40. North America: Security Analytics Market Revenue Share, by Country (2020 and 2028)
Figure 41. US: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Canada: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Mexico: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Impact of COVID-19 Pandemic in North American Country Markets
- Broadcom, Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP (HPE)
- Huntsman Corporation
- IBM Corporation
- McAfee, LLC
- Rapid7
- RSA Security LLC
- SolarWinds Worldwide, LLC
- Splunk, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America security analytics market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America security analytics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the security analytics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution