Behavior Analytics Market 2024 | Leading Industry Key Players - Splunk., IBM, Balabit, Bay Dynamics, Bottomline Technology, Cynet Security, E8 Securtiy, Exabeam, Fortsscale, Gurucul, McAfee, Interset

Market Overview: -

The Israel-based behavior analytics market player, Fortscale Security Ltd., has recently raised close to USD 7 million in its most recent funding round, primarily led by the Valor Capital Group and Evolution Equity Partners, and supported by Swarth, UST Global, Intel Capital, CME ventures, and Blumberg Capital. The totally accumulated capital of around USD 23 million apparently would help Fortscale further scale up its behavioral analytics platform. In an era swamped by security breaches and data threats, tech companies have been vying with one another to bring about a plethora of products that would help unveil the reason behind security threats, even as the danger lurks large in the current times.

Global behavior analytics market is estimated to surpass USD 3.7 billion by 2024. The behavior analytics is a cyber security tool used for anomaly detection of insider threats, malicious activities, and vulnerabilities. This solution leverages the combination of both basic analysis methods (statistics, pattern matching) and advanced analytics techniques (machine learning algorithms and artificial intelligence) to detect potential threat presented by the anomalous activities and behaviors of users and entities.

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Top Key Players: -

Major vendors of the behavior analytics market are Splunk., IBM, Balabit, Bay Dynamics, Bottomline Technology, Cynet Security, E8 Securtiy, Exabeam, Fortscale, Gurucul, McAfee, and Interset. The industry is characterized by presence of standalone solution providers, behavior analytics as a feature provider, cloud provider, and service provider.

Market share calculation in this report is not done based on companies covered in it. The calculation of behavior analytics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America is the dominating region in the global behavior analytics market owing to the presence of some of the major players such as Splunk and IBM. Moreover, high internet penetration rate and increase in number of mobile phone and application users in the region are also estimated to contribute significantly towards the growth of the industry.
In addition, growing adoption of the analytics solution in the healthcare organizations in U.S. will push the market towards positive growth.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Behavior Analytics industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. End-use trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology landscape
3.4.1. Data source & integration
3.4.2. Data analytics
3.4.3. Data presentation and visualizations
3.4.4. Source system & applications incorporated
3.4.5. Service delivery methods
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Integration of advanced analytics and machine learning algorithms into behavior analytics in the U.S.
3.6.1.2. Rising investment in security solution in the U.S.
3.6.1.3. Growing risk of insider attacks in Europe
3.6.1.4. Lack of trained security professionals drive behavior analytics demand in Asia Pacific
3.6.1.5. Growing number of smartphone users in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1. Lack of awareness about advanced cyber attacks
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. PESTEL analysis
3.10. Competitive landscape, 2016
3.10.1. Strategy dashboard

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Amidst the backdrop of a scenario plagued by cyberattacks, data breaches, and insider threats, triggered by the adoption of big data platforms, the adoption of tools such as behavior analytics is on a considerable rise, especially among high-end domains such as the IT & telecom, defense, retail, government, and BFSI sectors, which has lucratively impelled behavior analytics market outlook. The banking business, in particular, has been under tremendous strain in recent years, and forms an intrinsic part of the end-user landscape of behavior analytics industry.

Owing to significantly surging risk percentage of cybersecurity, banks and numerous other financial institutions are rather vulnerable to cyberattacks and data exposure, given that these organizations store rather confidential information in mammoth amounts. Considering the rising number of financial losses, it has been observed that the banking community has been rather proactive in adopting analytical platforms – a move that will continue to stimulate behavior analytics market size. Companies partaking in behavior analytics industry share have been going the whole hog to exploit the massive potential of this sector that has been on a roll lately, driving the demand for analytical solutions.

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