The North America Behavior Analytics Market would witness market growth of 29.6% CAGR during the forecast period (2022-2028).
Companies are under relentless pressure to safeguard their vital data and systems against sophisticated cyberattacks. To ensure data security, companies must have visibility into the network actions of users and other entities. Behavior analytics assist companies in achieving this objective by giving visibility into the behavior of users and entities and by delivering insights that can aid in identifying and investigating questionable activities. Behavior analytics use machine learning algorithms to examine the behavior of users and entities within an organization's network.
These algorithms can recognize patterns of behavior that are indicative of malevolent activities. By identifying these trends, Behavior analytics can assist businesses in detecting and investigating questionable conduct. The necessity to adhere to severe data security & privacy standards is one of the primary forces driving the market for behavior analytics. Companies must adhere to numerous data security and privacy standards, including the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA), and the Sarbanes-Oxley Act (SOX).
Several individuals access their bank accounts through smartphone devices or mobile browsers. In the near future, the popularity of smartphones will increase the number of people who use digital banking, boosting the demand for a digital banking platform solution among banks. Due to the technologically advanced nations in the region, such as the United States, the digital transformation of financial services has become even easier. With the emergence of digital banking, banks' focus on behavior analytics has grown to avoid the risk of fraud that could lead to financial losses. Thus, the growth of digital banking in the region is predicted to support the regional market's growth.
The US market dominated the North America Behavior Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,848.6 million by 2028. The Canada market is poised to grow at a CAGR of 32.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 31.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into Retail & E-commerce, BFSI, IT & Telecom, Energy & Utilities, Healthcare, Government & Defense and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Behavior Analytics Market is Projected to reach USD 7.1 Billion by 2028, at a CAGR of 30.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Splunk, Inc., IBM Corporation, Microsoft Corporation, NTT Data Corporation, Oracle Corporation, SAP SE, Tibco Software, Inc. (Vista Equity Partners), Varonis Systems, Inc., Cynet Security, and LogRhythm, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Type
By Vertical
- Retail & E-commerce
- BFSI
- IT & Telecom
- Energy & Utilities
- Healthcare
- Government & Defense
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Splunk, Inc.
- IBM Corporation
- Microsoft Corporation
- NTT Data Corporation
- Oracle Corporation
- SAP SE
- Tibco Software, Inc. (Vista Equity Partners)
- Varonis Systems, Inc.
- Cynet Security
- LogRhythm, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Behavior Analytics Market, by Component
1.4.2 North America Behavior Analytics Market, by Deployment Type
1.4.3 North America Behavior Analytics Market, by Vertical
1.4.4 North America Behavior Analytics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Recent strategies deployed in Behavior Analytics Market
Chapter 4. North America Behavior Analytics Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Behavior Analytics Market by Deployment Type
5.1 North America On-premise Market by Country
5.2 North America Cloud Market by Country
Chapter 6. North America Behavior Analytics Market by Vertical
6.1 North America Retail & E-commerce Market by Country
6.2 North America BFSI Market by Country
6.3 North America IT & Telecom Market by Country
6.4 North America Energy & Utilities Market by Country
6.5 North America Healthcare Market by Country
6.6 North America Government & Defense Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Behavior Analytics Market by Country
7.1 US Behavior Analytics Market
7.1.1 US Behavior Analytics Market by Component
7.1.2 US Behavior Analytics Market by Deployment Type
7.1.3 US Behavior Analytics Market by Vertical
7.2 Canada Behavior Analytics Market
7.2.1 Canada Behavior Analytics Market by Component
7.2.2 Canada Behavior Analytics Market by Deployment Type
7.2.3 Canada Behavior Analytics Market by Vertical
7.3 Mexico Behavior Analytics Market
7.3.1 Mexico Behavior Analytics Market by Component
7.3.2 Mexico Behavior Analytics Market by Deployment Type
7.3.3 Mexico Behavior Analytics Market by Vertical
7.4 Rest of North America Behavior Analytics Market
7.4.1 Rest of North America Behavior Analytics Market by Component
7.4.2 Rest of North America Behavior Analytics Market by Deployment Type
7.4.3 Rest of North America Behavior Analytics Market by Vertical
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 NTT Data Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Oracle Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Microsoft Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Splunk, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.7 Varonis Systems, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.8 LogRhythm, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Acquisition and Mergers:
8.9 Tibco Software, Inc. (Vista Equity Partners)
8.9.1 Company Overview
8.10. Cynet Security
8.10.1 Company Overview
TABLE 1 North America Behavior Analytics Market, 2018 - 2021, USD Million
TABLE 2 North America Behavior Analytics Market, 2022 - 2028, USD Million
TABLE 3 North America Behavior Analytics Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Behavior Analytics Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Behavior Analytics Market by Deployment Type, 2018 - 2021, USD Million
TABLE 10 North America Behavior Analytics Market by Deployment Type, 2022 - 2028, USD Million
TABLE 11 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 12 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Behavior Analytics Market by Vertical, 2018 - 2021, USD Million
TABLE 16 North America Behavior Analytics Market by Vertical, 2022 - 2028, USD Million
TABLE 17 North America Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 19 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 20 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 21 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 22 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Behavior Analytics Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Behavior Analytics Market by Country, 2022 - 2028, USD Million
TABLE 33 US Behavior Analytics Market, 2018 - 2021, USD Million
TABLE 34 US Behavior Analytics Market, 2022 - 2028, USD Million
TABLE 35 US Behavior Analytics Market by Component, 2018 - 2021, USD Million
TABLE 36 US Behavior Analytics Market by Component, 2022 - 2028, USD Million
TABLE 37 US Behavior Analytics Market by Deployment Type, 2018 - 2021, USD Million
TABLE 38 US Behavior Analytics Market by Deployment Type, 2022 - 2028, USD Million
TABLE 39 US Behavior Analytics Market by Vertical, 2018 - 2021, USD Million
TABLE 40 US Behavior Analytics Market by Vertical, 2022 - 2028, USD Million
TABLE 41 Canada Behavior Analytics Market, 2018 - 2021, USD Million
TABLE 42 Canada Behavior Analytics Market, 2022 - 2028, USD Million
TABLE 43 Canada Behavior Analytics Market by Component, 2018 - 2021, USD Million
TABLE 44 Canada Behavior Analytics Market by Component, 2022 - 2028, USD Million
TABLE 45 Canada Behavior Analytics Market by Deployment Type, 2018 - 2021, USD Million
TABLE 46 Canada Behavior Analytics Market by Deployment Type, 2022 - 2028, USD Million
TABLE 47 Canada Behavior Analytics Market by Vertical, 2018 - 2021, USD Million
TABLE 48 Canada Behavior Analytics Market by Vertical, 2022 - 2028, USD Million
TABLE 49 Mexico Behavior Analytics Market, 2018 - 2021, USD Million
TABLE 50 Mexico Behavior Analytics Market, 2022 - 2028, USD Million
TABLE 51 Mexico Behavior Analytics Market by Component, 2018 - 2021, USD Million
TABLE 52 Mexico Behavior Analytics Market by Component, 2022 - 2028, USD Million
TABLE 53 Mexico Behavior Analytics Market by Deployment Type, 2018 - 2021, USD Million
TABLE 54 Mexico Behavior Analytics Market by Deployment Type, 2022 - 2028, USD Million
TABLE 55 Mexico Behavior Analytics Market by Vertical, 2018 - 2021, USD Million
TABLE 56 Mexico Behavior Analytics Market by Vertical, 2022 - 2028, USD Million
TABLE 57 Rest of North America Behavior Analytics Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Behavior Analytics Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Behavior Analytics Market by Component, 2018 - 2021, USD Million
TABLE 60 Rest of North America Behavior Analytics Market by Component, 2022 - 2028, USD Million
TABLE 61 Rest of North America Behavior Analytics Market by Deployment Type, 2018 - 2021, USD Million
TABLE 62 Rest of North America Behavior Analytics Market by Deployment Type, 2022 - 2028, USD Million
TABLE 63 Rest of North America Behavior Analytics Market by Vertical, 2018 - 2021, USD Million
TABLE 64 Rest of North America Behavior Analytics Market by Vertical, 2022 - 2028, USD Million
TABLE 65 Key Information – SAP SE
TABLE 66 Key information – IBM Corporation
TABLE 67 Key Information – NTT Data Corporation
TABLE 68 Key Information – Oracle Corporation
TABLE 69 key information – Microsoft Corporation
TABLE 70 Key Information – Splunk, Inc.
TABLE 71 Key Information –Varonis Systems, Inc.
TABLE 72 Key Information – LogRhythm, Inc.
TABLE 73 Key information – Tibco Software, Inc.
TABLE 74 Key Information – Cynet Security
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: SAP SE
FIG 4 Swot analysis: IBM Corporation
FIG 5 SWOT Analysis: NTT Data Corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 SWOT Analysis: Microsoft Corporation
FIG 8 Recent strategies and developments: LogRhythm, Inc.