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Behavior Analytics Market Is Thriving Worldwide expected to Witness Significant Growth between 2020 to 2024- Splunk, IBM, Bay Dynamics, McAfee, HP, Rapid7

Behavior Analytics Market

Behavior Analytics Market

In terms of commercialization, behavior analytics market size is anticipated to demonstrate an exceptional growth in the ensuing years, with the industry set to surpass USD 3.5 billion by 2024. Concurrently, the recent trend of increasing collaboration between User and Entity Behavioral Analytics (UEBA) platform providers and Security Information and Event Management (SIEM) service companies is seen to be growing. These dynamic and proactive prospects are encouraging the behavior analytics industry, whose revenue graph was estimated to have exceeded USD 200 million in 2016.

The foremost UEBA company, Fortscale Security Ltd for instance, has recently joined forces with, a Denmark-based SIEM firm, LogPoint to offer top-notch next-generation SIEM and UEBA platforms to various sectors. The alliance aims to equip organizations to better detect authentic user account misuse, compromised login credentials, data exfiltration, and other grave threats

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The Israel-based behavior analytics market player, Fortscale Security Ltd., has recently raised close to USD 7 million in its most recent funding round, primarily led by the Valor Capital Group and Evolution Equity Partners, and supported by Swarth, UST Global, Intel Capital, CME ventures, and Blumberg Capital. The totally accumulated capital of around USD 23 million apparently would help Fortscale further scale up its behavioral analytics platform.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Balabit Corp.
2. Bay Dynamics
3. Bottomline Technologies
4. Cynet Security Ltd.
5. Dtex Systems
6. E8 Security Inc.
7. Exabeam Inc.
8. Fortscale Security Ltd.
9. Gurucul Solutions LLC
10. HP Enterprise
11. IBM Corporation
12. MaAfee LLC
13. Interset Inc.
14. Rapid7
15. Securonix Inc.

Speaking of the competitive landscape, it is prudent to mention that one of most prominent names in behavior analytics market as on today, E8 Security, has proudly made it to the headlines recently for its tie-up with CrowdStrike's Elevate Partner Program. The company will apparently combine its patented E8 Security Fusion Platform & its behavioral analytics expertise with CrowdStrike's next-gen, end-point protection service called CrowdStrike Falcon, to conveniently help consumers resolve data breaches, bringing about a transformative change in behavior analytics industry.

Apparently, E8's behavioral analytics technology connected to CrowdStrike's consumer network will lead to quick detection of malicious activity without having to employ arbitrary thresholds that would need to be adjusted due to false positives. Powered by machine learning and big data capabilities, the E8 Security Fusion Platform would help stimulate behavior analytics market trends, given that the platform helps identify threat within the organization through unusual behavioral patterns.

It would need to be taken note of, that adopting behavior analytics is not the only solution to combat insider threats. While some experts endorse this pointer as a major restraint for behavior analytics industry, the opponents of the theory claim that integrating UBA with security tools such as DLP would be an ideal solution to eliminate the constraint. In addition, these experts state that while developing UBA tools, behavior analytics market giants must bear in mind, that UBA platforms must be designed to function in a lot more ways that merely detecting unusual behavior

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