Asia Pacific Behavior Analytics Market to Garner Brimming Revenues of $1.5bn by 2024

The market is driven by the growing incidences of cybercrimes in the region. The accelerated adoption of digital technologies and rapidly-advancing connectivity infrastructure have made organizations more vulnerable to cyber exploitation. The weak cyber security regulations and low awareness regarding cyber threats are also responsible for the increasing number of cyber-attacks. Furthermore, the widespread acceptance of mobile & web-based applications along with the growing need to safeguard these applications has further nurtured the demand for behavior analytics solutions. According to the Graphical Research new growth forecast report titled "Asia Pacific Behavior Analytics Market analysis based on Deployment Model, By End-Use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024", estimated to exceed USD 1.5 billion by 2024.

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Solution are leading the component landscape in the Asia Pacific behavior analytics market with a share of over 70% in the revenue in 2016. The growth of the market can be attributed to its ability to support big data architectures and integrate with major SIEM and log integration systems. Moreover, the adoption of advanced analytical platforms with intelligent systems such as deep learning & machine learning to identify inefficiencies has also fostered the market growth.

Healthcare is expected to be the most profitable segment in the behavior analysis solutions market over the forecast timespan. The healthcare sector is anticipated to grow at over 50% during the forecast period. The rising number of cyber-attacks among the healthcare establishments is the primary factor driving the demand. These solutions are used to streamline compliance & regulation processes and protect the patent records on endpoint devices on and off corporate networks.

The key vendors of the behavior analytics solutions are McAfee, Bay Dynamics, Avtex Solution, Sqrrl Data, IBM Corporation, Exabeam, E8 Security, Gurucul, and Splunk. The major companies operating in the market have formed strategic partnerships with other companies to increase their market share. For instance, in 2018 Gurucul has formed a strategic alliance with Exclusive Networks to increase its market share in the Indian market.

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Segments we cover:

Asia Pacific Behavior Analytics Market, By Deployment model

• On-premise
• Cloud

Asia Pacific Behavior Analytics Market, By Components

• Solution
• Service

Asia Pacific Behavior Analytics Market, By End-Use

• BFSI
• IT & Telecommunication
• Defense
• Government organizations
• Retail & E-commerce
• Healthcare
• Energy & Utility
• Others

The above information has been provided for the following countries:

AustraliaChinaIndiaJapan

Asia Pacific behavior analytics market is driven by the increasing number of smartphone users in the region. This growth is fueled by the availability of low-cost smartphones along with the rollout of 3G and 4G LTE technologies. This has led to a widespread adoption of mobile & web-based applications and the towering need to protect them has fostered the behavior analysis solutions. These solutions are used to identify inefficiencies in the network structure to reduce the security vulnerabilities associated with them. In addition, the inefficient regulatory landscape has resulted in the growth of cybercrimes across the region.

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services.