Dark analytics market is expected to grow at a CAGR of 30.57% over the 2018-2023 forecast period

The report published by Knowledge Sourcing Intelligence titled “Dark Analytics Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for dark analytics among end-users worldwide. The market has been segmented by offering (solution, services), deployment model (on-premise, cloud), and end-user industry (communication and technology, retail, government, military and defense, BFSI, others).
Furthermore, the demand for dark analytics has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market. The growth of this market is majorly attributed to increasing investments by various end users into advanced technologies in order to shield their organization from security breaches. Rising number and severity of security breaches have been a major concern for business owners and growing competition among them is increasing the need to analyze dark data which can aid them in planning their information security strategy. On account of intensifying competition across industries, end users are increasing their focus on analyzing large volumes of unstructured or dark data to gain meaningful insights from it. This is increasing the demand for dark analytics solutions, thus boosting the growth of this market.

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Large enterprises hold the largest market share among end-user enterprises of all sizes

Large enterprises hold the largest share in this market and the market growth among such enterprises is being driven by increasing digitization of business processes which is adding huge volumes of data to servers every day. Availability of enough skilled workforce, on account of huge IT budgets in large enterprises, allows them to adopt advanced technologies for analysis of dark data and strengthening of security. This is contributing significantly to the growth of this market. Small and medium enterprises are expected to show sluggish growth over the projected period.

North America and Europe together hold a major share in this market

North America and Europe, being the early adopters of new technologies, together hold the largest market share in this market. Flourishing industries in these regions and the availability of state-of-the-art infrastructure favorable for implementation of new technologies are fueling the market growth across these geographies. Presence of a good number of market players in these regions is supporting this market growth. On the other hand, the market in the Asia Pacific is poised to witness good growth over the projected period.

This report also includes a study of strategies and product portfolios of some of the leading companies in the dark analytics market. Major companies profiled as a part of this report are IBM, Cisco, SAP SE, Veritas and Symantec.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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