North America to Witness Extensive Adoption of Behavior Analytics Software through 2024
Rising need to prevent
insider threats posed by users & real-time analytics is boosting global behavior
analytics market
According to
TechSci Research report, “Global Behavior
Analytics Market By Component, By Deployment, By End User, By Region, Competition,
Forecast & Opportunities, 2024”, the global behavior
analytics market is expected to grow at CAGR of around 40% during 2019 -
2024 owing to increase in the adoption of cloud based behavior and analytics
solutions. Growing adoption for threat prevention technologies for behavior
analytics is driving the behavior analytics market. Behavior analytics is used
for the detection of advanced persistent threats and insider threats by
analyzing human behavior patterns. Growing incidents of data breaches is
positively influencing the growth of the market as it is contributing to
increasing investments in the technology.
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The global behavior
analytics market can be segmented based on component, deployment, end user and
region. In terms of component, software segment is predicted to lead the market
as it helps to improve the operational efficiency and the trend is likely to
continue in the forthcoming years. Behavior analytics market caters to various end
user such as BFSI, IT & Telecom, Healthcare, Retail and others. BFSI end user
segment is expected to lead the behavior analytics market through forecast
period due to increasing security threats. Moreover, increasing demand for
reducing security threats with the use of behavior analytics tools is driving
the market through 2024.
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Splunk Inc., Rapid7
Inc., Varonis Systems, Inc., Sqrrl Data, Inc., Bay Dynamics, Securonix, Inc., LogRhythm,
Inc., ObserveIT Inc., Niara, Inc., Dtex Systems Inc, etc., are among the
leading players operating in global behavior analytics
market. “North America is the leading region in the global behavior analytics
market and the region is expected to continue its dominance during the forecast
period due to early adoption of technology, higher awareness pertaining to
these solutions and presence of a large number of vendors offering services in the
US and Canada, boosting the adoption of behavior analytics solutions in the
region.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Behavior Analytics Market By
Component, By Deployment, By End User, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global behavior analytics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global behavior analytics market.
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