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Behavior Analytics Market: Comprehensive Analysis, Growth Forecast from 2020 to 2024

Author : Ronak Bora | Published Date : 2020-08-27 

Behavior analytics market is anticipated to experience substantial growth owing to the increasing threat of insider attacks among organization across the globe. Over the past five years, a surge in the incidences of the insider attacks among organization has been witnessed. According to a report by IBM cyber security index, approximately 55% of the cyber-attacks occurred in U.S. are carried out by insider. This indicates the growing threat of insider attacks among organization. Besides insider attacks threat, technological advancement in behavior analytics solution such as integration of advanced analytics and machine learning algorithms, and scarcity of the security professionals in the organization are also estimated to be major factors that are contributing towards the growth of industry.

Strategic partnership is analyzed to be the widely used strategy among the market players in the market to expand product portfolio and gain market share. Major players such as IBM, Intel security, and HPE are forming alliance with startups and SMEs to integrate their behavior analytics capabilities into security solution platforms. For instance, in June 2016, E8 security collaborated with Intel Security to integrate its user and entity behavior analytics solutions with McAfee Enterprise Security Manager to strengthen its position in the market. Similarly, in 2017, Exabeam collaborated with Crowdstrike, a cloud-delivered endpoint protection organization, to provide disruptive security solutions.

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Fortscale’s Presidio has been predicted to send behavior analytics industry players in a tizzy, as its embedded approach is slated to deliver a rather streamlined, integrated threat detection model – much more precisely that the conventional UEBA approach requiring an external system would have delivered. The product would be setting the proverbial example for tech behemoths partaking in behavior analytics market share, state experts in correspondence with the matter, given that Presidio is embedded within the security infrastructure of the firm itself, which would offer consumers the exclusive benefits of analytical insights without having to resort to another product in existence.

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.

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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Major vendors of the behavior analytics solutions 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.

Table of Contents (ToC) of the report:

Chapter 4.   Behavior Analytics Market, By Deployment Model

4.1.  Global behavior analytics market share by deployment model, 2015 & 2024

4.2.  On-premise

4.2.1. On-premise deployment model, by region, 2013-2024

4.3.  Cloud

4.3.1. Cloud deployment market, by region, 2013-2024

Chapter 5.   Behavior Analytics Market, By Component

5.1.  Global Behavior Analytics market share by component, 2015 & 2024

5.2.  Solution

5.2.1. Solution market, by region, 2013-2024

5.2.2. Compromised credential detection    Compromised credential detection market, by region, 2013-2024

5.2.3. Insider threat detection    Insider threat detection market, by region, 2013-2024

5.2.4. Loss prevention    Loss prevention solutions market, by region, 2013-2024

5.2.5. Others    Others solutions market, by region, 2013-2024

5.3.  Services

5.3.1. Services market, by region, 2013-2024

5.3.2. Professional services    Professional services market, by region, 2013-2024

5.3.3. Managed services    Managed services market, by region, 2013-2024

Chapter 6.   Behavior Analytics Market, By End-Use

6.1.  Global behavior analytics market share by End-Use, 2015 & 2024

6.2.  BFSI

6.2.1. BFSI market, by region, 2013-2024

6.3.  IT & telecom

6.3.1. IT & telecom market, by region, 2013-2024

6.4.  Military & defense

6.4.1. Military & defense market, by region, 2013-2024

6.5.  Government

6.5.1. Government organizations market, by region, 2013-2024

6.6.  Retail & e-commerce

6.6.1. Retail & e-commerce market, by region, 2013-2024

6.7.  Healthcare

6.7.1. Healthcare market, by region, 2013-2024

6.8.  Energy & utility

6.8.1. Energy & utility market, by region, 2013-2024

6.9.  Others

6.9.1. Others market, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/behavior-analytics-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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