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Europe Behavior Analytics Market to hit $1.2bn by 2024
Published Date: 2018-09-19
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According to the Graphical Research new growth forecast report titled “Europe Behavior Analytics Market analysis based on Deployment Model, Component, End-Use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2017 – 2024”, estimated to exceed USD 1.2 billion by 2024.
The Europe behavior analytics market is driven by the increasing incidences of insider attacks across several industry sectors. Over the past decade, the region has witnessed a significant growth in the number of cybercrime incidences. Most of these breaches have originated through inside sources due to the widespread adoption of BYOD among enterprises. The businesses across the region have responded by upgrading their security infrastructures and incorporating the latest security solutions across their networks. The behavior analysis solutions enable the real-time analysis of security inefficiencies to detect the potential threats that can compromise the safety of the network.
Solutions market account for over 72% of the market revenue in 2016. The growth of the market is credited to the growing demand for dynamic data. These solutions reduce the manual decision making & the overall alert time. The behavior analysis solutions improve investigative efficiency and integrate various security solutions to reduce the number of false alerts.
Retail is projected to be a profitable sector for the behavior analytics solutions over the forecast timespan. The retail sector is estimated to attain a growth rate of over 44% during the forecast period. The behavior analysis solutions are used to identify potential sources data exfiltration and atypical movement of IP before its exits the system. These solutions enable the transparent and comprehensive investigation with advanced analytic algorithms, such as machine learning and artificial intelligence, which are tuned toward identifying specific behavioral risks.
The major companies of the behavior analytics solutions are Lifecycle Management, Acework, Lastline, LogRhythm, Lumeta, SecBI, Exabeam, Immune System, Awake Security, Aruba, Darktrace Enterprise, Antigena, and Arctic Wolf Networks. The companies operating in the segment are forming partnerships with other expert companies and government agencies to gain an edge over its competitors. For instance, in 2017, the company entered into a strategic partnership with NESIC to accelerate the adoption AI technology in cyber defense solutions in Japan.
Segments we Cover:
Europe Behavior Analytics Market, By Deployment model
Europe Behavior Analytics Market, By Component
- Compromised credential detection solutions
- Insider threat detection solutions
- Loss prevention solutions
- Professional services
- Managed services
Europe Behavior Analytics Market, By End-Use
- IT & Telecommunication
- Government organizations
- Retail & E-commerce
- Energy & Utility
The above information has been provided for the following countries: