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Behavior Analytics Market Size

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

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Behavior Analytics Market Size

Behavior Analytics Market size surpassed USD 200 million in 2016 and is expected to grow at more than 40% CAGR between 2017 and 2024. Increasing number of insider attacks in the organizations across the globe is anticipated to drive the market demand.

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Lack of awareness about advanced cyber security attacks among organizations, especially SMBs, is hindering the behavior analytics industry growth. SMBs across the globe rely on cyber insurance to mitigate cyber threats due to lack of knowledge about the analytics technologies, further restricting the market demand.

Behavior Analytics Market Report Attributes
Report Attribute	Details
Base Year:	2016
Behavior Analytics Market Size in 2016:	200 Million (USD)
Forecast Period:	2017 to 2024
Forecast Period 2017 to 2024 CAGR:	40%
2024 Value Projection:	3.5 Billion (USD)
Historical Data for:	2013 to 2016
No. of Pages:	180
Tables, Charts & Figures:	160
Segments covered:	Deployment Model, Component, End-Use and Region
Growth Drivers:	Integration of advanced analytics and machine learning algorithms into behavior analytics in the U.S. Rising investment in security solution in the U.S. Growing risk of insider attacks in Europe Lack of trained security professionals drive behavior analytics demand in Asia Pacific Growing number of smartphone users in Asia Pacific
Pitfalls & Challenges:	Lack of awareness about advanced cyber attacks

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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.