Behavior Analytics Market to surpass $3.5bn by 2024

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Behavior Analytics Market to surpass 3.5bn by
2024 Global Market Insights, Inc.
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Key Insights from Behavior Analytics Market

• Technology advancement has bolstered the demand
  for behavior analytics market solutions among
  organizations to detect threats even before they
  occur and to mitigate their impact. Integration
  of advanced analytics and machine learning
  algorithms for analyzing user behavior allows
  automatic analysis enables organizations to link
  user and entity activity to support security
  analyst in threat detection and remediation.
  Besides these, advanced behavior analytics market
  systems also offer certain benefits over
  conventional security enterprise systems, such as
  end to end protection, automated response and
  access control.
• The healthcare sector has emerged as one of the
  major end-users of the behavior analytics market
  and is anticipated to register substantial growth
  during the forecast timeline. The growing demand
  for these solutions among healthcare
  organizations is attributed to the growing threat
  of insider attacks and data breaches among
  healthcare institutes, which poses a financial
  risk. Besides, healthcare institutes are more
  exposed to the risk of insider attacks owing to
  the general lack of cybersecurity infrastructure.

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Continued...

• Growing adoption of cloud-based behavior
  analytics market solutions is driving the global
  revenue, a trend that is expected to resonate
  across the forecast timeline. Increasing adoption
  of cloud platform among organizations and
  improving security measures for this deployment
  model is one of the key factors that is
  encouraging the organizations to shift toward
  cloud platform. Furthermore, advanced cloud-based
  behavior analytics solutions offer better
  handling of sensitive data, thereby augmenting
  the demand of these products among organizations.
• Asia Pacific is estimated to register
  considerable growth with around 45 CAGR during
  the forecast timeline owing to the increasing
  internet penetration and growing smartphone
  adoption as well as demand for mobile
  applications in the region. Furthermore,
  increasing digitalization and growing investment
  in information security in the economies such as
  China, India and Australia are also estimated to
  drive the revenue growth.

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Latest Research Report On Behavior Analytics
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U.S. Behavior Analytics Market Size, By
Deployment, 2016 2024 (USD Million)

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Major Companies in Behavior Analytics Market

• Splunk Inc.
• IBM Corporation
• Rapid7
• LogRhythm

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Industry Coverage

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Continued...

• Some of the major vendors of the behavior
  analytics market solutions are Splunk Inc., IBM
  Corporation, Rapid7, LogRhythm, etc. Strategic
  partnerships are one of the most popular strategy
  used by vendors to gain market share. For
  example, in September 2017, Bay Dynamics
  announced that they are forming a strategic
  alliance with VMware Mobile Security Alliances
  with the sole purpose of enhancing its product
  capabilities, which assist enterprises to
  effectively mitigate mobile threats.

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