Global behavior analytics market was valued at $ 346 million in 2019 and is anticipated to grow at a CAGR of more than 40% until 2026 on account of rising need for identifying financial frauds, targeted insider Another factor boosting adoption of behavior analytics is lack of skilled professional who can identify insider , which is leading to organizations turning to machine learning to identify and prevent such incidents.
Behavior analytics offers information on the actions of users based on raw data collected through online transactions, social media, among others. Gathered data is then analyzed and is used to identify opportunities and realize specific outcomes. Global behavior analytics market can be segmented based on component, deployment, end user and region. Based on deployment, market can be bifurcated into on-premise and cloud. On-premises segment dominated the market in 2020 and the trend is expected to continue until 2026 as well. This is due to the fact that above mentioned deployment segment is more reliable, secure and data is not shared with others. However, trend is changing, and the share of cloud is expected to increase as this deployment type offers efficient handling of data. In terms of end user, BFSI segment accounted for the leading share as financial institutions need to secure their data from insider breaches.
Major companies operating in the behavior analytics market include Splunk Inc., Rapid7 Inc., Varonis Systems Inc., Sqrrl Data Inc., Bay Dynamics, Securonix Inc., LogRhythm, Inc., ObserveIT Inc., Niara Inc., Dtex Systems Inc., among others. Leading market players are increasingly looking into partnerships and acquisitions in order to increase and strengthen their market presence. For instance, Splunk Inc. acquired Streamlio and SignalFx in November and October 2021, respectively, to boost the development of cloud platform applications.
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Behavior analytics offers information on the actions of users based on raw data collected through online transactions, social media, among others. Gathered data is then analyzed and is used to identify opportunities and realize specific outcomes. Global behavior analytics market can be segmented based on component, deployment, end user and region. Based on deployment, market can be bifurcated into on-premise and cloud. On-premises segment dominated the market in 2020 and the trend is expected to continue until 2026 as well. This is due to the fact that above mentioned deployment segment is more reliable, secure and data is not shared with others. However, trend is changing, and the share of cloud is expected to increase as this deployment type offers efficient handling of data. In terms of end user, BFSI segment accounted for the leading share as financial institutions need to secure their data from insider breaches.
Major companies operating in the behavior analytics market include Splunk Inc., Rapid7 Inc., Varonis Systems Inc., Sqrrl Data Inc., Bay Dynamics, Securonix Inc., LogRhythm, Inc., ObserveIT Inc., Niara Inc., Dtex Systems Inc., among others. Leading market players are increasingly looking into partnerships and acquisitions in order to increase and strengthen their market presence. For instance, Splunk Inc. acquired Streamlio and SignalFx in November and October 2021, respectively, to boost the development of cloud platform applications.
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https://www.techsciresearch.com/sample-report.aspx?cid=4322
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For More Information Visit: https://www.techsciresearch.com/report/behavior-analytics-market/4322.html
Global behavior analytics market was valued at $ 346 million in 2019 and is anticipated to grow at a CAGR of more than 40% until 2026 on account of rising need for identifying financial frauds, targeted insider Another factor boosting adoption of behavior analytics is lack of skilled professional who can identify insider , which is leading to organizations turning to machine learning to identify and prevent such incidents.
Behavior analytics offers information on the actions of users based on raw data collected through online transactions, social media, among others. Gathered data is then analyzed and is used to identify opportunities and realize specific outcomes. Global behavior analytics market can be segmented based on component, deployment, end user and region. Based on deployment, market can be bifurcated into on-premise and cloud. On-premises segment dominated the market in 2020 and the trend is expected to continue until 2026 as well. This is due to the fact that above mentioned deployment segment is more reliable, secure and data is not shared with others. However, trend is changing, and the share of cloud is expected to increase as this deployment type offers efficient handling of data. In terms of end user, BFSI segment accounted for the leading share as financial institutions need to secure their data from insider breaches.
Major companies operating in the behavior analytics market include Splunk Inc., Rapid7 Inc., Varonis Systems Inc., Sqrrl Data Inc., Bay Dynamics, Securonix Inc., LogRhythm, Inc., ObserveIT Inc., Niara Inc., Dtex Systems Inc., among others. Leading market players are increasingly looking into partnerships and acquisitions in order to increase and strengthen their market presence. For instance, Splunk Inc. acquired Streamlio and SignalFx in November and October 2021, respectively, to boost the development of cloud platform applications.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=4322
(Use your Corporate E-mail Id for Faster Response)
For More Information Visit: https://www.techsciresearch.com/report/behavior-analytics-market/4322.html
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