Behavior analytics is the area of data analytics that focuses on providing insight into the actions of people, usually regarding online purchase. It is used in e-commerce, gaming, social media, and other applications to identify opportunities to optimize in order to realize specific business outcomes. It is based on hard data-it uses the volumes of raw data people use while they are on social media or in gaming applications. This data is collected and analyzed and then used as the basis of making certain decisions, including advertisement placement. It is used to analyze the patterns of human behavior and then apply statistical analysis and algorithms to detect variances.
Growth in adoption of cloud-based behavior, analytic solutions, and improvement of security measures in behavior analytics are the major factors that drive the growth of the behavior analytics market. In addition, rise in need for threat prevention technologies and increase in demand for real-time analytics fuel the growth of the behavior analytics market. However, the shortage of trained security professionals and lack of awareness regarding advanced insider threats hamper the growth of the behavior analytics market. Furthermore, advanced cloud-based behavior analytics solutions offer better handling of sensitive data, thus providing major opportunities for behavior analytics market growth.
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The behavior analytics market is segmented based on component, deployment mode, organization size, industry vertical, and region. In terms of component, the market is segmented into solution and services. The solution type is further sub-segmented into compromised credential detection solutions, insider threat detection solutions, loss prevention solutions, and others. The service segment is further sub-divided into managed services and professional services. As per deployment mode, the market is bifurcated into on-premise and cloud. In terms of organization size the market is segmented into large size organization and small and medium size organization. As per industry vertical, the market is classified into BFSI, it and telecommunication, manufacturing, healthcare, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global behavior analytics market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global behavior analytics market share from 2018 to 2026 is provided to determine the market potential
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KEY MARKET SEGMENTS
By Component
- Solution
- Compromised Credential Detection Solutions
- Insider Threat Detection Solutions
- Loss Prevention Solution
- Services
- Professional Service
- Managed Service
By Deployment Mode
- On-premise
- Cloud
By Organization Size
- Large Size Organization
- Small & Medium Size Organization
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- IT & Telecommunication
- Manufacturing
- eHealthcar
KEY MARKET PLAYERS PROFILED IN THE REPORT
- IBM Corporation
- Microsoft Corporation
- Splunk Inc.
- Varonis Systems Inc.
- Exabeam Inc.
- Niara Inc.
- SAP SE
- Oracle Corporation
- NTT Data Corporation
- Tibco Software Inc.
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