Lucintel's latest market report analyzed that security analytic provides attractive opportunities in the BFSI, retail and ecommerce, media and entertainment, travel and hospitality, telecom and IT, and healthcare markets. The security analytic market is expected to reach $31.3 billion by 2028 with a CAGR of 17.2%. In this market, small and medium-sized enterprises (SMES) is the largest segment by organization, whereas BFSI is largest by vertical.

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Based on organization, the security analytic market is segmented into large enterprises and small and medium-sized enterprises (SMES). The small and medium-sized enterprises (SMES) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to escalating demand for end-point security solutions across various e-commerce start-ups like retail and financial sectors.

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The Security Analytic Market is marked by the presence of several big and small players. Some of the prominent players offering security analytic include IBM, HPE, Broadcom, Splunk, RSA Security, FireEye, Juniper Networks, and LogRhythm.

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