Market value of observability and security analytics worldwide 2020-2024

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.