Behavior Analytics Market : Worldwide Study on Top Players | IBM Corporation, Splunk Inc., HP Enterprises, Dtex Systems, LogRhythm, Rapid7 Balabit Corp, Bay Dynamics, Bottomline Technology, Cynet Security Ltd., E8 Securtiy, Exabeam, Fortscale, Gurucul, Mc

How security issues in organizations are impelling global behavior analytics market growth between 2017 to 2024?

The behavior analytics market is projected to witness exponential growth by 2024. Behavior analytics can be defined as a cyber security tool which is used for insider threat detection, identifying vulnerabilities and other malicious activities.

This tool leverages an integration of advanced analytics techniques like artificial intelligence and machine learning algorithms, and basic analysis methods like statistics and pattern matching for detection of potential threats that are presented by malicious and anomalous behaviors and activities of entities and users.

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To safeguard themselves form the growing threat of cyberattacks, a number of industries are increasingly adopting behavior analytics tools, thereby providing a substantial boost to the global behavior analytics market share.

How would growing insider attacks and surging technological advancements shape the behavioral analytics market growth?

Insider attacks among enterprises throughout the world is projected to be one of the major factors responsible for the growth of global behavior analytics market. There has been a significant rise in the number of insider attack incidences across organizations since the last five years.
As per a report published by IBM cybersecurity index, insiders were responsible for about 55 percent of the total cyber-attacks carried out in the United States. This number emphasizes the increasing risk of insider attacks within an organization and the need to prevent them.

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Furthermore, besides the threat of insider attacks, increasing technological developments in the field of behavior analytics solution like integration of machine learning algorithms and advanced analytics coupled with the documented shortage of the security professionals within the organizations are also expected to be the key factors making significant contributions towards the global behavior analytics market outlook.

What common measures are companies taking to foster business growth and further augment global behavioral analytics market outlook?

Major market players are increasingly implementing strategic partnerships, a commonly used industry practice, to carve out a bigger market share and expand their respective product portfolios. Prominent market players like IBM, HPE and Intel Security are forging new alliances with SMEs and startups to merge their behavior analytics abilities with security solution platforms.

For reference, E8 security inked a collaboration agreement with Intel Security to further combine the company’s entity and user behavior analytics solutions with the McAfee Enterprise Security Manager. The move is intended to set themselves apart from growing competition in the industry and further strengthen their market position.
In fact, another similar instance of this practice was observed in 2017, when Exabeam partnered with Crowdstrike, a company focused at cloud-delivered endpoint protection, to offer disruptive security solutions.

How is North America behavior analytics market projected to retain its top position in the global industry landscape over the forthcoming years?

North America dominates the global behavior analytics market due to the presence of some key players like IBM and Spunk in the region. Additionally, rise in the number of mobile phone and applications coupled with the high rate of internet penetration are also projected to significantly drive the industry growth in the region.

Furthermore, the market should also witness exponential growth owing to the increasing implementation of behavior analytics solutions across the healthcare organizations in the region, creating a promising outlook towards industry expansion.

Some major vendors working in the global behavior analytics market are IBM, Splunk, Balabit, Bottomline Technology, Bay Dynamics, E8 Securtiy, Cynet Security, Fortscale, Exabeam, Gurucul, Interset, and McAfee. The market landscape is characterized by the presence of behavior analytics solution as a feature provider, cloud provider, standalone solution providers, and service provider as well as standalone solution providers.
According to a report published by Global Market Insights, Inc., the global behavior analytics market is projected to exceed $3.7 billion valuation by 2024.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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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