Press Release

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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