Security Analytics Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2023

 Security Analytics Market, By Application (Web Security, Network Security, Endpoint Security, Application Security), By Service (Professional, Managed), By Organization Size, By Deployment and By Vertical - Forecast 2023

Market Synopsis:

Market Research Future (MRFR)’s new study has projected that the global security analytics market is set to expand exponentially at a CAGR of 27% during the forecast period 2017 to 2023. The valuation of the global market is expected to reach USD 15 Bn by the end of 2023. Security analytics facilitates the early detection of threats and potential attacks which has accelerated its adoption across different industry verticals. This, in turn, is likely to catapult the security analytics market on an upward trajectory over the assessment period.

Security analytical tools enable an organization to maintain an effective threat management system and also track unusual traffic between servers. It is one of the major factors responsible for aiding the proliferation of the market. Additionally, the ongoing trend of Bring Your Own Device (BYOD) coupled with the adoption of the Internet of Things (IoT) has accelerated the revenue creation for security analytics market participants.

The market looks attractive presently and is estimated to scale new heights through the review period. An upsurge in demand is expected from different industry verticals over 2023 which is forecasted to augment the security analytics market.

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Market Segmentation:

By application, the Global Security Analytics Market has been segmented into web security analytics, network security analytics, end point security analytics, application security analytics, and others.

By service, the security analytics market is segmented into professional services, consulting, training & education, support & maintenance, and managed services.

By organization size, the global security analytics market has been segmented into SMEs and large enterprises.

By deployment, the security analytics market is segmented into cloud and on-premise.

By vertical, the global security analytics market has been segmented into BFSI, healthcare, manufacturing, retail, education, IT & telecommunication, transportation, government & defense, and others.

Regional Analysis:

By region, the global security analytics market has been segmented into Asia Pacific, North America, Europe and the Rest of the World. At present, North America holds the largest share of the global market and is likely to retain its prominence in the foreseeable future. The growth of the regional market can be ascribed to technological developments and rising demand for cloud computing technologies. The consolidation of major players in the region is also expected to drive the expansion of the security analytics market in the region. The U.S. and Canada are the important country-level markets of the regional market.

Europe is an important growth pocket and is projected to resonate strong opportunities for growth throughout the forecast period. The well-developed infrastructure of the region is conducive to the large-scale implementation of novel technologies. This, in turn, is projected to expedite the proliferation of security analytics market in the region.

Asia Pacific is poised to strike the highest CAGR during the projection period. The growth of the regional market is attributed to the massive opportunities posed by different industry verticals for the deployment of security analytics. Furthermore, the presence of fast-developing economies such as China and India is another major factor responsible for the expansion of the security analytics market in the region.

Competitive Dashboard:

Some of the key players profiled in the report are Alien Vault, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), EMC RSA (U.S), IBM Corporation (U.S.), FireEye, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic, Inc. (Click Security) (U.S.), Arbor Networks, Inc. (U.S.), and Blue Coat Systems, Inc. (U.S.).

Industry News:

In October 2018, The University of Texas at San Antonio (UTSA) received USD 2 Mn for training the national security analytics cyber workforce.

In October 2018, Fortinet, a US-based cybersecurity company, acquired ZoneFox, which is a Scottish-founded security analytics company.

In October 2018, Bitdefender, cybersecurity protector of more than 500 million systems, has acquired behavior and network security analytics company, RedSocks Security BV (RedSocks).

In October 2018, A10 Networks, a provider of intelligent and automated cybersecurity solutions, has announced the introduction of advanced security analytics for SSL inspection.

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Data Centre Interconnect Market 2020 – 2023: Global Trends, COVID – 19 Outbreak, Industry Segments, Top Key Players, Drivers and Regional Study

 Global Data Centre Interconnect Market, By Type (Service, Software, and Product), By Application (Workload & Data Mobility, Real Time Disaster Recovery & Business Continuity), By End User (Enterprise, CSPs, ICPs, and Government) - Forecast 2023

Market Overview

With rapid modernization and digitalization, enterprises are equipped with techniques that enable them to share data among different data centres. Data centre interconnect facilitates the easy access and transfer of data and information across different sectors and departments, thereby, channelizing a smooth flow of data towards achievement of IT and business goals.

As per the latest report published by Market Research Future (MRFR), the global data centre interconnect market will reach a valuation USD 6.5 Bn by 2023, expanding at a CAGR of 11% during the forecast period (2017-2023).

Organizations are endeavouring to virtualize their data centres for enhanced efficiency and reducing cost. Also, data centre interconnect allows the connection between data centres and cloud services for enriched experience through applications, such as, disaster recovery and business continuity. This growing inclination towards cloud infrastructure is propelling the growth of the market.

Expanding demand for disaster recovery solution, data backup, increased utilization of analysable data, and, rapid migration to cloud-based services are some of the factors supporting the growth of the market. However, certain restraints exist such as requirement of high initial investment, which is hampering the adoption of data centre interconnect.

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Market Segmentation:

By type, the market is segmented into service, software, and product. The service segment accounts for the maximum share of the market. By application, the market is segmented into workload & data mobility, real time disaster recovery and business continuity. By end user, the market is segmented into enterprise, CSPs, ICPs, and government.

Regional Analysis:

On the basis of region, the market has been segmented into Asia Pacific, North America, Europe, and, Rest of the World. The market in APAC is expected to exhibit the highest CAGR during the forecast period. Countries such as China, India, and, Japan present significant market opportunities. The boom witnessed in research & development in the field of technology and the persistently growing demand for data centre to practice cost effective data management reflecting positively on the region’s market. Meanwhile, the North America market will continue to exhibit steady growth over the next couple of years, primarily attributable to factors such as widespread availability of next-gen technologies and increased investment from market players operating in the region.

Competitive Analysis:

The presence of established vendors in the market authenticates a vigorous competition. Global data centre interconnect market envelopes various international brands, and new entrants to form a competitive landscape. The players in the market opt for different options and opportunities like strategic partnerships, innovation, acquisitions, etc. to gain an edge over competitors.

Some of the key players profiled in the MRFR’s report include Ciena Corporation (US), Huawei Technologies Co. Ltd. (China), Nokia Corporation (Finland), ADVA Optical Networking SE (Germany), Cisco Systems, Inc. (US), Juniper Networks, Inc. (US), Fujitsu Ltd. (Japan), Extreme Networks, Inc. (US), and Infinera Corporation (US).

Industry News:

An American multinational company, Juniper Network, announced the expansion of its robust portfolio of services by extending its data centre interconnect services. The services offered include open cloud interconnect package that encompasses dense wavelength division multiplexing optical boards for its QFX10000 Layer 3 spine switch, BTI7800 optical transport switch families. It also provides for software to manage the systems.

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Cognitive Security Market |COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2023

 Cognitive Security Market, By Deployment (Cloud, On-Premise), By Organization Size (Small and Medium Enterprises, Large Enterprises), By Vertical (Logistics, BFSI, Healthcare, IT & Telecommunication) - Forecast 2023

Market Highlights

On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.  North America region is generating highest market share in the cognitive security market owing to better network infrastructure, digitization and higher technology implementation.  Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it.  North America region is leading due to presence of major players from the region in the cognitive security market.  The implementation of cloud based cognitive security solutions by both small and medium enterprises is increasing rapidly, especially one into banking and finance. The cognitive security is gaining demand as organization seek to increase their business productivity by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based cognitive security solution.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Cognitive Security Market Research Report -Forecast to 2023”. 

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Cognitive Security Market Segmentation

The cognitive security market has been segmented on the basis of deployment, organization size and vertical. In North America region there is high adoption of cloud security by small and medium size enterprises owing to dynamic benefits and cost factor. The developed infrastructure in the region is significant factor boosting the cognitive security market. By vertical, BFSI accounts for largest market share in the region owing to its numerous benefits that includes automated threat intelligence and prevention techniques, fraud analysis and investigation. 

The prominent players in the cognitive security market are – XTN (Italy), Intel Security (U.S.), Symantec Corporation (U.S.), IBM Corporation (U.S.), Cisco systems (U.S.), CA Technologies, Inc. (U.S.), CSC (U.S.), Fortinet, Inc. (California, U.S.), Cato Networks (Israel), Check Point Software Technologies (Israel) among others. 

Market Research Analysis:

The cognitive security market in North America region is growing due to high adoption of cognitive systems by enterprise and need to improve cyber security in organizations. Changing banking regulation, that requires changes in documents and financial transaction is driving the market in the region. According to the study, the cognitive security market will remain steady in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as enterprises are continuously investing into research and development of cognitive security market. Increasing IT landscape is boosting the market in the region. The region is witnessing high adoption of internet of things and bring your own device technology by enterprises. Developing countries such as India and China are adopting cognitive security systems at a large scale owing to increasing IT infrastructure, digitization and robust industrialization that is boosting the market in the region. By vertical segment, BFSI and IT & telecommunication sector is driving the cognitive security market. The region is witnessing high growth in cognitive security market due to growing technological advancement in cloud, analytics and mobile technologies.

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Software Licensing Market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2023

 Software Licensing Market, By Licensing Type (Proprietary license, GNU General Public License, End User License Agreement, Workstation licenses, Concurrent use license), By Deployment (Cloud-Based, On-Premise), By End-User (Government and Defense, BFSI, Education and Research, Hospitals) - Forecast 2023

Market Synopsis

As per the analysis, the Market Research Future Reports (MRFR), the global software licensing market is estimated to expand at USD 14.35 billion coupled with an expanding CAGR of 8.6% by 2023.

The global software license market 2020 will expand with the requirement of established IT organizations like Accenture, Microsoft, and IBM. These software licenses are needed to adhere to crucial laws and regulations, non-adherence of which can make anyone land in trouble. While various enterprises are giving the free and open licensing domain which provides the guidelines and definitions concerning software licenses. However, the deployment of software license solutions aids in assisting the control over infringement to a great extent. Additionally, the software license management includes keeping a record of the software and its maintenance. The most important key driver is the requirement to reduce the concerns of infringement.

The business in this commerce area is consolidating its resources to achieve its objective for attaining a considerable portion of the business as early as possible. This has brought up the chances for the coming expansion time tenure considerably. The merchandise that is being offered at present differs majorly due to the rationale of the fast speed of technological inventions. This result is lucrative for organizations so they can have an object to hold their business enterprise's liquidity to take the wisest decisions concerning the execution of strategies and designing. The lucrative condition accessible in this market is being used by individuals who are trying to grow their market coverage by paying attention to the evolution which can motivate the growth of this commercial sector.

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Global Software Licensing Industry Segments

The Software Licensing sector has been classified based on end-users Licensing Type, Deployment, and region.

On the basis of Deployment, the global software licensing industry can be classified into Cloud-Based, On-Premise, and others. On-premise, deployment is estimated to exhibit an increased level of expansion during the forecast period.

On the basis of Licensing Type the global software licensing industry can be classified into Proprietary license, GNU General Public License, Workstation licenses, Concurrent use license, End User License Agreement, End User License Agreement, and others.

On the basis of region, the global software licensing industry can be classified into North America, APAC, Europe and Rest of the World

On the basis of End-User, the global software licensing industry can be classified into Manufacturing, Human Resources, Government and Defense, Healthcare and Life Sciences, Education and Research, BFSI and a few others.

Global Software Licensing Regional Analysis

The regional study of the global industry for Software Licensing covers the region such as Europe, North America, Asia Pacific and the Rest of the World (RoW). The European region is one of the most potential regions across the globe with respect to an important market share. It is a leading region due to the establishment of the market that has been classified on the basis of on-premises and cloud-based. The North American market is a crucial market for the licensing market for software by revenues due to the presence of major vendors. While, the nations in the APAC region such as China, South Korea, and Japan are the upcoming expanding markets for the Software Licensing sector. Nonetheless, this industry has massive potential for growth.

Global Software Licensing Market Key Players

The most important entities in the global Software Licensing system Market are IBM Corporation (U.S), Accenture Plc. (Ireland), Agilis International (U.S), Dimension Data (South Africa), HP Inc. (U.S),   Flexera Software (U.S), Inishtech Technology Ventures Ltd (Ireland), Microsoft Corporation (U.S), Safenet Inc. (U.S), Moduslink Global Solutions, Inc.(the U.S) and a few others.

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Privileged Identity Management Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2023

 Privileged Identity Management Market, By Component (Solution, Service), By Installation Type (Agent Based, Appliance Based), By Deployment (Cloud, On-Premise), By Organization Size (Small & Medium Enterprises, Large Enterprises) – Global Forecast 2023

Market Scenario

According to Market Research Future (MRFR) report, the privileged identity management market is estimated to reach approximately USD 6,200 million by 2023. The global will observe phenomenal growth at 32% CAGR during the forecast period (2017-2023). It has been noted that enterprises face serious threats when privileged account users share their privileged identity with another person, which in turn, leads to easy access to critical applications. This situation gives rise to need for advanced user activity monitoring solutions in enterprises, such as privileged identity management system. This system helps these companies to record all activities, identify any suspicious activity and take appropriate action to mitigate risks. MRFR’s report identifies the accelerating cases of insider threats to be one of the main drivers for the global privileged identity management market growth till 2023. Also, these cases have motivated many vendors to provide a facility where enterprises can limit the access to Active Directories, and Linux, Windows, and UNIX systems. In addition, increased adoption of bring your own device (BYOD) in enterprises and management of identities associated with privileged account have led to the market expansion globally.

The high cost of setting up the PIM system restrains the market growth. However, the various benefits associated with the system act as catalysts in the already burgeoning market growth. This can be ascertained due to the increasing frequency of sophisticated insider attacks on critical infrastructure, which paves way for the demand for PIM systems.

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Market Segmentation

The global privileged identity management market is segmented on the basis of component, installation type, deployment, and organization size.

The component segment is sub-segmented into solution and service. The solution is further segmented into identity management, session management and monitoring management and access management. The identity management system enables an organization to identify an individual in the enterprise and regulate their access to resources by coupling user rights and restriction with the established identity. Hence, there is massive demand for this system in enterprises owing to the advantages it offers.

By installation type, the global market is segmented on the basis of agent based and appliance based. The appliance based installation provides a tightly controlled system where only the essential tools and utilities are installed. This ensures the integrity of the system in the long-run.

By deployment, the market is segmented on the basis of cloud and on-premise. Cloud deployment is expected to be the fastest-growing segment in the privileged identity management market, as it benefits enterprises with increased scalability, speed, 24/7 services, coupled with enhanced management capabilities. Cloud-based privileged identity management solutions are available in accordance with customer’s demand, wherein at will, customers can start or stop any service.

The organization sizes in the global market are small & medium enterprises, and large enterprises. Privileged identity management system is used in large enterprises as it helps thwart insider threats and also improve security across complex enterprises. It is specifically designed to cater to security issues of the ever-expanding enterprises without sacrificing ease of use and user productivity, which are highly crucial in large enterprises with large number of employees.

By vertical, the market is segmented on the basis of healthcare, manufacturing, government & defense, retail and others. Healthcare organizations need to protect themselves from unauthorized application use, misuse of passwords and employees transferring files between work and personal computers. Hence, healthcare enterprises make use of the PIM systems to improve the methods of authentication to privileged accounts.

Regional Analysis

The global privileged identity management market is geographically segmented on the basis of Asia Pacific, North America, Europe and Rest of the World.

Among all regions, North America region is anticipated to account for the largest market share owing to elevated adoption of bring your own device (BYOD) technology and growing malicious attacks on sensitive information. Moreover, there is an increased adoption of solution such as session monitoring and management and identity management in order to curb such threats in several enterprises across the region.

Asia-Pacific region, on the other hand, is estimated to grow at the highest CAGR due to increasing information technology (IT) infrastructure and increasing cases of cyber-attacks. Furthermore, growing investments by government organizations in PIM solutions has led to the positive outlook of the market in the region.

The Europe market is exhibiting massive potential due to various mergers and acquisition and collaborations between market players. The companies are constantly indulging in various strategic activities along with technological innovations that enhance the product performance. These factors have led to increase in demand for PIM systems in a vast array of organizations in the region, wanting to make optimum use of the benefits offered by the system.

Key Players

ARCON (India), Balabit (Hungary), Beyond Trust (U.S.), IBM Corporation (U.S.), Bomgar Corporation (U.S.), CA, Inc. (U.S.), Centrify (U.S.), Core Security (U.S.), Cyberark (U.S.), and Hitachi-ID (Canada) are among some of the key players in the global privileged identity management market.

Industry News

Identity Automation, a leading provider of Access Management (AM), Identity Governance (IGA), and Multi-Factor Authentication (MFA) software, will be acquiring Health Cast Inc. in the latter half of 2018. This acquisition entails combining Identity Automation’s automated lifecycle management, federated single sign-on (SSO), and privileged identity management with Health Cast’s healthcare expertise and best-in-class eSSO solution. It has been a smart move to join forces for both the organizations, as the acquisition marks the shift towards solutions that centralize, streamline, as well as secure access to healthcare records for an increasingly mobile workforce.

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Data Centre Virtualization Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2023

 Data Centre Virtualization Market, By Type (Type 1 Hypervisor, Type 2 Hypervisor, Host Machine, Guest Machine), Organization Size (SMEs, Large Enterprises) Vertical (BFSI, IT & Telecommunication, Manufacturing, Healthcare) - Global Forecast 2023

Market Overview

The global data Centre virtualization market could reach approx. value of USD 10 Billion by 2023, estimates Market Research Future (MRFR). It adds that the market is expected to garner a healthy CAGR of 8% during the forecast period (2017-2023).

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Key Drivers and Primary Barriers

In the constantly evolving world of technology, data centre virtualization market can expect to see robust growth prospects during the review period. With the aim of reducing hardware dependency, the adoption rate of data centre virtualization applications has risen significantly in recent years.

Factors including need to bring down operational costs and enhance business agility of enterprises work in favor of the data centre virtualization market. The demand for unified and centralized management of data centres along with surge in data centre complexities also drives the market growth.

Furthermore, easy backup of data, as well as reduction in heat generation from the server, boosts the market demand to a great extent. Faster redeployment is another factor that helps augment product demand in the market.

Market Segmentation

The worldwide data centre virtualization market has been categorized depending on the type, organization size and vertical.

The type segment includes type 1 hypervisor, type 2 hypervisor, guest machine, paravirtualization tools, and host machine. Guest machine is a type of virtual machine which is kept on top of the hypervisor, which can be either an operating system or a virtual appliance. It enables intelligent sharing of resources, in addition to running on top of the physical host. These appealing properties have resulted in its strong demand across the globe.

The organization size-wise segments covered in the report are small and medium enterprises (SMEs) and large enterprises.

With respect to vertical, the market is considered for BFSI, manufacturing, healthcare, IT & telecommunication, government, and others. The IT & telecommunication sector is quite dependent on data centres when it comes to efficient running of business operations. The smooth operation of data centres holds utmost importance to these companies since this factor has a significant effect on their operational expenditure and also impacts the overall financial position of the company. Therefore, the high adoption of data centre virtualization in the IT & Telecommunication sector is generally noted all over the world.

Regional Outlook

Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW) are the key markets for data centre virtualization.

APAC has the highest chances of growing at the fastest rate in the global data centre virtualization market, note the data experts at MRFR. The data centre virtualization market in the region is anticipated to have significant growth during the review period as a result of soaring demand for advanced technologies, especially in developing countries like India, Japan, and China.

North America is currently the leading market for data centre virtualization and is expected to hold the top position in the review period as well. The region is witnessing fast-paced expansion and is quickly adopting cloud services. Therefore, the cloud service providers in the region are focusing on infrastructural expansion with the adoption of virtualization services.

Europe is making somewhat similar strides as North America, with countries like France, Germany, and the United Kingdom (U.K.) at the vanguard of the market growth. The regional market benefits largely from the presence of advanced infrastructure combined with the rising adoption of advanced technology. The small and medium enterprises in the region are responsible for the larger share of market revenue, with the industrial market expected to gain massive traction in the coming years.

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Core HR Software Market 2020 -2023: Company Profiles, Global Segments, COVID – 19 Impact Analysis, Landscape, Demand and Industry Trends

 Core HR Software Market, By Component (Software, Service), Deployment (Cloud, On-Premise), Vertical (BFSI, Healthcare, Manufacturing, Transportation, IT & Telecommunication, Retail and Government) - Forecast 2023

Industry Insight

The Global Core HR Software Market 2020 plans to register a high growth of around 9% CAGR in the next six years. This information has been gathered in the latest study conducted by Market Research Future after studying impact analysis on COVID-19. The six years indicated forecast period, which is 2017-2023. During these years, the market has the potential to achieve USD 11 Billion.

With all other information, we will provide COVID-19 impact Analysis with the report on the HR software industry.

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Top Rising Factors Impacting

The incidence of COVID 19 breakthrough has affected nearly every aspect of the business domain, which has included core HR software and its market as well. The adoption of software to diminish labor costs and improve productivity has boosted the market growth till now. In the time of COVID-19, MRFR analysis that the market has seen a sudden growth in the usage of core HR software to manage employee’s information regarding salary, leaves, working hours, and more during work from home mode, globally. Such as situation has, in a way, contributed to the market’s size expansion positively. Thus, this counts as a key factor motivating the market growth for future timeframe.

MRFR indicates promising growth prospects for the global Core HR Software market with a surge in demand for cloud technology and mobile deployment might. These act as a catalyst for the expansion of the market, as witnessed during the short term impact of COVOD 19 pandemic. Since the data are not collected on any physical storage, it encourages the abolition of paper clutters and surges employee productivity, as it gets access to the cloud anywhere, any time and from any device.

Most importantly, the factor of the rising demand for automation in the HR process is also bolstering the demand for core human resource software and impacting progressively to the market. With the implementation of automation in human resource software, it tends to free human resource workers, thus carrying out the tasks efficiently and effectively. By this, automated HR processes are also showing enhancement in the growth of the core HR software market.

In spite of these factors, averseness in the adoption of core HR software is raised to be one major restraining factor in the global core human resource software market during the assessment period. Since there is a lack of awareness of capabilities and newer technologies in the core human resource software market, various organizations are still hesitating in adopting core HR software.

Segmentation of Market: Core HR Software

The study by MRFR also digs some segmentation of the global Core HR Software market, which has been done through the component, service, deployment, and vertical.

Depending on the segment of the component, the market has included software and service. Among software, it includes benefits and claim management, personnel management, payroll and compensation management, pension management, learning management, compliance management, and others. And the service segment has included integration services, consulting services, and maintenance and support.

Depending on the deployment segment, the market has included cloud and on-premise.

Depending on the vertical segment, the market has included BFSI, Government, IT & telecommunication, healthcare, retail, and others.

Region Wise Analysis

The geographical split of the global core HR software market encompasses Asia Pacific, North America, Europe, and the Rest of the World.

North America grabs the largest share in the regional segment of the global core HR software market owing to the adoption of smart-phones, cloud platforms, and newer technologies. In North America, new market players are successively acquiring a remarkable share in the market by offering customized, flexible, and differentiated products to help the HR process to go hassle-free.

The Asia Pacific is likely to take a high note in the growth of the market over the forecast period owing to the digitalization and adoption of new technologies. With this, expanding small and medium enterprises and the rising interest in cloud-based business solutions are the factors that are also impacting the growth of the market noteworthily.

Top Giant Market Players

Few of the main competitors presently working in the global core HR software market are Employ wise (India), IBM Corporation (U.S.), Oracle Corporation (U.S.), Ceridian HCM, Inc. (U.S.), Automatic Data Processing (U.S.), Sap SE (Germany), CoreHR (Ireland), Paycom Software, Inc. (U.S.), Paychex, Inc. (U.S.), and Workday, Inc. (U.S.).

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