The BFSI sector is estimated to account for more than 20% share in the North America behavior analytics market in 2016. The growth of the market is attributed to the high risk of the insider and cyber-attacks among the banks, insurance, and other financial institutes.

Pune, Maharashtra -- (SBWire) -- 04/08/2019 --The Graphical Research report titled "North America Behavior Analytics Market" that represents the broad information comprising methodology and scope, industry insights, growth drivers, applications insights, company profiles and industry background, business trends, porter's analysis, pestel analysis, product landscape, swot analysis to 2024.

North America Behavior Analytics Market estimated to exceed USD 2 billion by 2024 and it is driven by the increasing adoption of the cloud-based services among the SMBs in the region. The SMBs are leveraging on the capabilities of the cloud computing due to the cost-effectiveness, flexibility, and scalability of the technology. Furthermore, the integration of advanced analytics solutions and intelligent algorithms to detect the malicious activities also fosters the market growth. The behavior analytics solutions offer real-time analytics by monitoring the user behavior, malicious activities, and vulnerabilities to identify the potential threats even before they occur and mitigate the impact of attacks.

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Services market is projected to grow at a CAGR of over 48% during the forecast timeline. The market is driven by the growing demand for integration and deployment services among the organizations. Furthermore, the growing need among organizations to focus on core business competencies also augments the demand for the managed services.

Healthcare is anticipated to be the most lucrative sector for the behavior analytics solutions during the forecast period. The healthcare sector is estimated to attain a growth rate of over 45% during the forecast period. The increasing risk of insider attacks among the healthcare institutes is the primary factor propelling the demand.

Solutions are leading the component landscape in the North America behavior analytics market with a market share of over 70% in the revenue in 2016. The growth of the market is credited to the growing demand for customized solutions among the industry verticals. The integration of the advanced analytics solutions and the use of intelligent algorithms, such as machine learning and deep learning, to detect malicious activities will also foster the market growth.

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The key vendors of the behavior analytics solutions are Bay dynamics, Splunk, Inc., Securonic, Inc., Exabeam, Gurucul, Niara, Inc., Sqrrl Data, Inc., Dtex Systems, Rapid7, Veronis, Logrhythm, Vectra Networks, IBM, McAfee, and HPE.

Segments We Cover:

North America Behavior Analytics Market, By End-Use
Defense
Government organizations
Retail & E-commerce
BFSI
IT & Telecommunication
Healthcare
Energy & Utility
Others

North America Behavior Analytics Market, By Deployment model
On-premise
Cloud

North America Behavior Analytics Market, By Component
Solution
Service

The above information has been provided for the following countries:
U.S.
Canada

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