Discover insights into the Global Behavioral Analytics Market is valued at USD 1.5 billion in 2023 set to grow at CAGR of around 40% from 2023-28.
Latest Market Study report by MarkNtel Advisors: Leading market research company, Title “Global Behavioral Analytics Market– By Deployment Type (On-Cloud, Premise), By Organization Size (Large Size Organization, Small & Medium Size Organization)” and other forecast 2023-28”.
This thorough report takes a close look at the industry, covering important areas like the Behavioral Analytics Market Size, how much it’s growing, its development, and the top companies involved. It explores what’s pushing the market forward, using data from the past, present, and future, as well as new trends, updates in technology, key insights, recent changes, potential challenges, and other factors that will impact the industry’s future direction.
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Behavioral Analytics Market Trends:
Popularity of Work-from-Home or Remote Working – During and after the COVID-19 Outbreak, most industries moved swiftly toward remote working, creating the need to secure data as working from home exposes an organization to critical threats. As a result, the market witnessed a surge in its adoption, which, in turn, increased the market size.
Besides, the contagious nature of the Covid-19 virus propelled the requirements for behavior-based technologies like voice recognition & gait analysis, offering accurate solutions to identify people, both in-person & online, while resisting the spread of the virus.
Behavioral Analytics Industry Segmentation:
By Component
- Solution
- Compromised Credential Detection Solutions
- Insider Threat Detection Solutions
- Loss Prevention Solution
- Others
- Services
- Professional Services
- Managed Services
By Deployment Type
- On-Cloud
- Premise
By Organization Size
- Large Size Organization
- Small & Medium Size Organization
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- IT & Telecommunication
- Manufacturing
- Healthcare
- Retail & E-commerce
- Others (Energy & Utilities, etc.)
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Dividing the Behavioral Analytics market into various sections gives a brief snapshot. It aids businesses in grasping customer preferences and their locations. By segmenting the market into smaller categories based on buying behaviors and geography, companies can enhance their business tactics. This overview provides a simple roadmap to comprehend the market better.
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Competitor Insight – Leading Global Behavioral Analytics Market Player
- IBM Corporation
- Microsoft Corporation
- Splunk Inc.
- Varonis Systems Inc.
- Exabeam Inc.
- Niara Inc.
- SAP SE
- Oracle Corporation
- NTT Data Corporation
- Tibco Software Inc.
- Others
In this market competitor analysis section, we assess the performance of various companies relative to each other. We analyze their strong points and areas for improvement to grasp who is excelling and why. This enables us to discern which strategies are effective and what adjustments may be necessary to maintain competitiveness.
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