Sellbyville, DE -- (SBWire) -- 02/07/2019 --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.
Behavior Analytics Market is estimated to surpass USD 3.7 billion by 2024. The behavior analytics is a cyber security tool used for anomaly detection of insider threats, malicious activities, and vulnerabilities. This solution leverages the combination of both basic analysis methods (statistics, pattern matching) and advanced analytics techniques (machine learning algorithms and artificial intelligence) to detect potential threat presented by the anomalous activities and behaviors of users and entities.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/2133
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.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/705
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.
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.
Behavior Analytics Market to Grow at 40% CAGR to 2024 : Key Players Are Dtex Systems, E8 Security, Exabeam, Splunk, HP Enterprise, IBM
Behavior analytics market is anticipated to experience substantial growth owing to the increasing threat of insider attacks among organization across the globe