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Behavior Analytics Market Share

Report ID: GMI2133
Published Date: Oct 2017
Report Format: PDF

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Behavior Analytics Market Share

Companies operating in the market:

IBM Corporation
Splunk Inc
HP Enterprises
Dtex Systems
LogRhythm
Rapid7 Balabit Corp
Bay Dynamics
Bottomline Technology
Cynet Security Ltd
E8 Securtiy
Exabeam
Fortscale
Gurucul
McAfee
Interset

The market players adopt various marketing strategies such as mergers and acquisitions, strategic alliance, new product launch, and geographical expansion to get edge over competitors.

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of behavior analytics was surpassed USD 200 million in 2016.

The industry share of behavior analytics is expected to grow at more than 40% CAGR between 2017 and 2024.

The on-premise deployment model is estimated to account for a major chunk of the overall market landscape due to growing threat from insider attacks throughout the world.

Banks and insurance companies are significantly more vulnerable to the threat of cyberattack as they hold sensitive information and any data breaches lead directly to financial losses. Going forward, the BFSI sector is expected to be a leading end-user market due to the high cybersecurity risk it faces.

The United States dominates the global market due to the presence of renowned industry players like IBM and Splunk. The extremely high internet adoption rate coupled with the rapidly growing demographic of mobile phones are expected to make significant contribution towards industry expansion.