Tuesday, April 23, 2024

Behavioral Analytics Market Hits USD 1.5 billion in 2023, Charts Course for 40% CAGR Soar Until 2028

Global Behavioral Analytics Market

How big is the Global Behavioral Analytics market?

According to MarkNtel Advisors study, The Global Behavioral Analytics Market size was valued at around USD 1.5 billion in 2023 and is estimated to grow at a CAGR of about 40% during the forecast period, i.e., 2023-28.

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Global 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.

Leading Companies in the Global Behavioral Analytics market:

  • IBM Corporation
  • Microsoft Corporation
  • Splunk Inc.
  • Varonis Systems Inc.
  • Exabeam Inc.
  • Niara Inc.
  • SAP SE
  • Oracle Corporation
  • NTT Data Corporation
  • Tibco Software Inc.
  • Others

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/global-behavioral-analytics-market.html

Global Behavioral Analytics Market 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

In recent years, large enterprises have increasingly become major players in the market, among others. Their dominance owes principally to the consistent demand for behavioral analytics solutions across various sectors, including banking, retail, healthcare, manufacturing, service, and e-commerce.

By Industry Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • IT & Telecommunication
  • Manufacturing
  • Healthcare
  • Retail & E-commerce
  • Others (Energy & Utilities, etc.)

Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America acquired most of the market share and is projected to dominate the market through 2028.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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