Since companies accelerated the process of transferring their data to the cloud, new security challenges emerged as well. As a result, two distinct markets, Security Analytics and Observability are soon ready to merge into a combined discipline. This will help mitigate and prevent new and challenging cyber threats and could significantly impact the mergers and acquisitions market.
Thus, by 2024, the cyber security analytics market is forecast to amount to 8.88 billion U.S. dollars, while the observability market is expected to increase by nearly 50 percent. Overall, the newly merged market will be worth 28.26 billion U.S. dollars by 2024.
Market value of observability and security analytics worldwide in 2020 with a forecast in 2024
(in billion U.S. dollars)
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Morgan Stanley. (October 7, 2021). Market value of observability and security analytics worldwide in 2020 with a forecast in 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/
Morgan Stanley. "Market value of observability and security analytics worldwide in 2020 with a forecast in 2024 (in billion U.S. dollars)." Chart. October 7, 2021. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/
Morgan Stanley. (2021). Market value of observability and security analytics worldwide in 2020 with a forecast in 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/
Morgan Stanley. "Market Value of Observability and Security Analytics Worldwide in 2020 with a Forecast in 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Oct 2021, https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/
Morgan Stanley, Market value of observability and security analytics worldwide in 2020 with a forecast in 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/ (last visited November 02, 2024)
Market value of observability and security analytics worldwide in 2020 with a forecast in 2024 (in billion U.S. dollars) [Graph], Morgan Stanley, October 7, 2021. [Online]. Available: https://www.statista.com/statistics/1287859/market-value-of-observability-and-security-analytics/
