Behavior Analytics Market to surpass USD 3.5 billion by 2024 | key Players are Dtex Systems, E8 Security (acquired by VMware), Exabeam, Splunk, Varonis, HP, IBM, MaAfee, Interset, Rapid7, Securonix, Balabit, Bay Dynamics, Gurucul

Behavior Analytics Market in U.S. dominates the global landscape owing to the presence of major players such as Splunk Inc., IBM Corporation. Furthermore, high internet penetration rate and large number of mobile phone and application users in the country are also estimated to contribute significantly towards the industry growth in the region. In addition, rising adoption in the healthcare sector in the U.S. due to increasing healthcare IT infrastructure and growing number of data breaches will contribute to the industry growth.

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Behavior Analytics Market in Asia Pacific is estimated to register considerable growth with around 45% CAGR during the forecast timeline owing to the increasing internet penetration and growing smartphone adoption as well as demand for mobile applications in the region. Furthermore, increasing digitalization and growing investment in information security in the economies such as China, India and Australia are also estimated to drive the revenue growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Dtex Systems
2. E8 Security (acquired by VMware)
3. Exabeam
4. Splunk
5. Varonis
6. HP
7. IBM
8. MaAfee
9. Interset
10. Rapid7
11. Securonix
12. Balabit
13. Bay Dynamics
14. Gurucul

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Behavior Analytics Market size is set to exceed USD 3.5 billion by 2024. Technology advancement has bolstered the demand for behavior analytics market solutions among organizations to detect threats even before they occur and to mitigate their impact. Integration of advanced analytics and machine learning algorithms for analyzing user behavior allows automatic analysis enables organizations to link user and entity activity to support security analyst in threat detection and remediation. Besides these, advanced behavior analytics market systems also offer certain benefits over conventional security enterprise systems, such as end to end protection, automated response and access control.

The healthcare sector has emerged as one of the major end-users of the behavior analytics market and is anticipated to register substantial growth during the forecast timeline. The growing demand for these solutions among healthcare organizations is attributed to the growing threat of insider attacks and data breaches among healthcare institutes, which poses a financial risk.

Besides, healthcare institutes are more exposed to the risk of insider attacks owing to the general lack of cybersecurity infrastructure. User identity information can be stolen from hospital records for insurance fraud, the need to alleviate these risks has led to considerable demand for behavior analytics market solutions.

Browse key industry insights spread across 180 pages with 132 market data tables & 28 figures & charts from the report, “Behavior Analytics Market Size By Deployment Model (On Premise, Cloud), By Component (Solutions, Services), By End-Use (BFSI, IT & Telecommunication, Defense, Government Organization, Retail & E-Commerce, Healthcare, Energy & Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, Brazil, Mexico, MEA), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/behavior-analytics-market

Growing adoption of cloud-based behavior analytics market solutions is driving the global revenue, a trend that is expected to resonate across the forecast timeline. Increasing adoption of cloud platform among organizations and improving security measures for this deployment model is one of the key factors that is encouraging the organizations to shift toward cloud platform. Furthermore, advanced cloud-based behavior analytics solutions offer better handling of sensitive data, thereby augmenting the demand of these products among organizations.

BFSI applications are estimated to be one of the leading end-user in the behavior analytics market owing to the high risk of cybersecurity. The banks and insurance companies are more exposed to the risk of cyber-attacks as they hold very confidential data and any incidences of data breach directly leads to financial losses. Furthermore, increasing investment of financial institute towards information security is also estimated to be one of the major factor that is augmenting the demand of these solutions among BFSI industry sector.

Some of the major vendors of the behavior analytics market solutions are Dtex Systems, E8 Security (acquired by VMware), Exabeam, Splunk, Varonis, HP, IBM, MaAfee, Interset, Rapid7, Securonix, Balabit, Bay Dynamics, and Gurucul.

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