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Exabeam, Splunk profiled in Behavior Analytics Market to exceed USD 3.5 billion by 2024 | By key Vendors Varonis System, HP Enterprise, IBM, MaAfee LLC, Balabit Corp., Bay Dynamics, Interset, Rapid7, Securonix, Dtex Systems, E8 Security
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Behavior Analytics Market size is set to exceed USD 3.5 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Balabit Corp.
• Bay Dynamics
• Bottomline Technologies
• Cynet Security Ltd.
• Dtex Systems
• E8 Security Inc.
• Exabeam Inc.
• Fortscale Security Ltd.
• Gurucul Solutions LLC
• HP Enterprise
• IBM Corporation
• MaAfee LLC
• Interset Inc.
• Rapid7
• Securonix Inc.
• Splunk Inc.
• Varonis System Inc.
• Vectra Network Inc.
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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.
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.
Browse Full Report: https://www.gminsights.com/industry-analysis/behavior-analytics-market
Some of the major vendors of the behavior analytics market solutions are Splunk Inc., IBM Corporation, Rapid7, LogRhythm, etc. Strategic partnerships are one of the most popular strategy used by vendors to gain market share. For example, in September 2017, Bay Dynamics announced that they are forming a strategic alliance with VMware Mobile Security Alliances with the sole purpose of enhancing its product capabilities, which assist enterprises to effectively mitigate mobile threats.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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