Sustainable & Smart Technologies

An outline of application spectrum of mixed reality headsets market, Global industry to record a phenomenal CAGR of 35% over 2017-2024

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The phenomenally broadening application horizon of AR & VR technologies has had a massive impact on myriad verticals. Mixed reality headsets market, in this regard, has been rather a prominent vista of the smart technology domain, having enrolled its name in the billion-dollar fraternity in 2016. The paradigm shift in consumer preferences, particularly in the entertainment sector has been one of the topmost drivers fueling the mixed reality headsets industry demand. Gaming, which is a pronounced vertical of the entertainment industry, has had quite an impact on MR headsets market size over the years. The trend can be validated from the recorded disruption in the gaming industry, in terms of technological interferences – a rather commendable journey from the black and white 2D games to the much recent Pokemon Go, a vivid example of the incorporation of augmented reality platform in gaming. The success story of the MR headsets market from gaming applications can further be cited with some popular games incorporating this technology including Ingress, Geo AR, Real Strike, AR Invaders, and Invizimals: The Resistance. Not to mention, the gaming sector or rather the entertainment industry on the whole is certain to open synonymous growth opportunities for the mixed reality headsets industry players in the ensuing years. In fact, as per reliable estimates, in the coming seven years, the augmented reality headsets market is estimated to record a staggering CAGR of 70%.

Japan VR headsets market size, by application, 2016 & 2024 (USD Million)
 Japan VR headsets market size, by application, 2016 & 2024 (USD Million)

However, speaking of the commercialization potential of mixed reality headsets industry, the other domains including the likes of healthcare, education, industrial, manufacturing, and retail, are also emerging as strong contenders in the application landscape of this fraternity. Below is a concise overview of the MR headsets industry trends in the healthcare and education verticals:

Mixed reality headsets industry trends | Education sector

The education sector has been one of the top-notch verticals having witnessed a disruptive digital transformation over the recent years. In fact, with the penetrating technological interferences in the education industry, mixed reality headsets, in all likelihood, may become a vital component of the learning process. In fact, as per experts, the incorporation of these technologies has significantly improved the interest and delivery quotients in teaching – a prime reason justifying the deployment of these headsets in the teaching, training, and tutorial programmes.

One of the prominent instances validating the potential of MR headsets in education industry is Microsoft’s arguable claim of positioning the HoloLens and Windows Mixed Reality as the future of education. In a recent turn of events, Microsoft collaborated with Liflique, a visual education company that delivers digital science curriculums for students by using the MR and AR technology, to introduce augmented learning to prep schools in California.

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Not only the private entities, the government as well as the education ministries are further introducing ample initiatives to harness the potential of mixed reality headsets in the education vertical. Citing an instance, the French Ministry of National Education, reportedly reviewed its national curriculum, to add in the use of these devices in the learning channels. Such efforts undertaken by the government and private bodies are overt to massively proliferate MR headsets industry growth from education applications.

Mixed reality headsets industry trends | Healthcare sector

Given the enhanced capabilities of these devices in diagnosis and medical treatment, healthcare sector has been another renewed application domain, massively swayed by the MR headsets incorporation. One of the major penetration areas where MR headsets market, as per experts, will unveil slew of opportunities is the precision medicine industry. Speaking along similar lines, in January, at the World Economic Forum in Davos, Bill McDermott, the CEO of SAP, quoted the personalized medicine with incorporation of MR technology to be the future of healthcare.  Reportedly, these technologies are being incorporated in the medical fraternity to bring a shift from analog to digital, in terms of both patient care as well as the treatment models. The capability of this technology to visualize large data silos and enable a broadened research in the myriad medical fields such as gene sequencing, chronic disease treatment, has further provided a substantial impetus to MR headsets industry share.

In terms of competitive rivalry, both the established players such as Google, Apple as well as the start-ups are exploring their capabilities in the evolving MR headsets market. Citing a recent instance, in September, this year, NuEyes, a U.S. based startup proclaimed its plan to launch smart glasses, which would aid people with impaired vision. It is prudent to mention that the three billion-dollar healthcare sector is certain to unlock a range of opportunities for the mixed reality headsets market players over the ensuing years.

All in all, the vast portability potential of MR headsets industry players has just begun to unfold. The transformation in competitive hierarchy is anticipated to be the most intriguing trend to watch for in the coming years. Not to mention, technological interventions and cost will be the topmost parameters outlining the success dimensions of the market players.

Author Name : Ojaswita Kutepatil

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Solid Waste Management Market to surpass a mammoth revenue of USD 340 billion by 2024, Europe to emerge as one of the most lucrative growth avenues

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Solid waste management industry, over the last few years, has been witnessing a tremendous growth in terms of remuneration, owing to the fact that the developed and developing nations across the globe are increasingly framing stringent regulatory norms and guidelines to tackle the burgeoning environmental challenges pertaining to solid waste. Furthermore, various regulators and government agencies have been making concerted efforts to assist the leading and upcoming solid waste management market players, to ensure appropriate collection, segregation, transportation, storage, disposal, and recycling of rapidly increasing waste volumes across the world. The U.S. Environmental Protection Agency (EPA) for instance, has emerged as one such regulatory agency to have left a significant influence on the overall solid waste management market.

U.S. Solid Waste Management Market By Disposal, 2016 & 2024 (Million Tons)
U.S. Solid Waste Management Market By Disposal, 2016 & 2024 (Million Tons)

The agency has recently permitted Enerkem to construct a first of its kind municipal waste-to-cellulosic ethanol plant under the U.S. Renewable Fuels Standard (RFS). The agency has further granted USD 3.5 million to the Canadian cleantech firm building the project, to accelerate the facility’s completion in time. It would be prudent to mention that the facility would have a massive capacity to process 100,000 tonnes municipal solid waste, which would be utilized to generate 40 million liters of fuel-grade cellulosic ethanol. Citing yet another instance, the EPA has recently approved the nation’s first mechanical biological treatment (MBT) municipal solid waste-to-solid recovered fuel (SRF) facility worth USD 19 million to be built by Entsorga West Virgina, LLC, a joint venture between Chemtex Global N.V, Entsorga Italia, and Apple Valley Waste Technologies, Inc. For the record, SRF would be utilized by large energy consumers as a clean-burning alternative over environment-degrading fossil fuels. Apparently, more such moves are anticipated in the immediate future which would, in turn, charting out lucrative growth avenues for solid waste management market size expansion. According to a few trusted research reports, the global solid waste management market was estimated to have held a total valuation in excess of USD 240 billion in 2016.

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Europe – the emerging regional avenue for solid waste management market progression

Speaking in terms of regional growth outlook, the European solid waste management market is set to grow at an exponential pace in the years ahead. The ever-increasing inclination toward adopting recycling technologies in the European nations such as UK and Germany, coupled with the introduction of comprehensive directives by government agencies to lower air pollution and land usage shall stimulate the growth potential of solid waste management market.  As per reliable estimates, UK solid waste management industry size is predicted to surpass a total processing capacity of over 35 million tonnes by 2024, the reason being the previous record of the UK having recycled 64 % of its packaging waste in 2014.

Concurrently, in the recent times, the region has been characterized by new waste-to-energy (WTE) facilities being set-up by leading solid waste management industry giants. Hitachi Zosen Inova AG, a Swiss firm part of Japan’s Hitachi Zosen Corporation, for instance, has recently announced its plan to build Turkey’s first WTE plant for processing municipal solid waste to generate electricity to the tune of 70 MW. The facility is touted to be the largest WTE project in Europe which would have the capacity to process around 15% of Istanbul’s solid waste per year and is scheduled to start operations in 2021 with three incineration lines.

In addition, it is noteworthy to mention that the foremost firms partaking in solid waste management market including Biffa Group Ltd, Hitachi, Veolia, Amec Foster Wheeler, E.L. Harvey & Sons, Stericycle among others have been focusing on acquiring upcoming companies to fortify their presence in this industry. The UK-based waste management company, Biffa Group Ltd, for instance, has concluded five acquisitions in the previous financial year. The firm has continued its acquisition spree further by buying out the waste management operations of O’Brien Waste Recycling Solutions Holdings Limited for an estimated 35 million Euros. Meanwhile, many more such mergers and acquisitions are anticipated to materialize in the ensuing years. Apparently, driven by such dynamic competitive portfolio, the global solid waste management market share is bound to traverse a profitable path in the upcoming years. As per a research report compiled by Global Market Insights, Inc., solid waste management market size is forecast to surpass 340 billion by 2024.

Author Name : Saif Ali Bepari

Solar PV backsheet market to witness substantial gains over 2017-2024, driven by the growing adoption of off-grid energies

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The surging demand for solar-powered systems across the globe has generated lucrative opportunities for solar PV backsheet market giants. In order to consolidate their presence across the competitive landscape, well-known players partaking in solar PV backsheet industry share have been adopting various business strategies such as joint ventures and M&As. For instance, DuPont, one of the very reputed solar PV material providers, has recently signed a deal with the Saudi Arabia based solar panel manufacturer, Desert Technologies, in order to capture more revenue from MEA, driven by the growing demand for photovoltaic systems across the region. Through this agreement, Desert Technologies will reportedly implement Dupont’s backsheets in its solar panels and projects. In addition, both the companies plan to improvise on the research and development activities in future to facilitate the production of reliable solar panels, which will significantly boost solar PV backsheet industry size. Besides, it is prudent to note that the Dutch-based company, DSM has also recently acquired the Chinese manufacturer of PV backsheets, Suzhou SunShine New Materials Technology to improve its product portfolio in solar systems. With this strategic acquisition, DSM seems to be looking forward to firmly establish its position in China solar PV backsheet market over the years ahead.

Europe Solar PV Backsheet Market, By Product, 2016 & 2024 (Million Square Foot)
Europe Solar PV Backsheet Market, By Product, 2016 & 2024 (Million Square Foot)

In order to reduce the wastage of renewable energy sources and encourage the masses to use non-fossil fuel based power, the Chinese government plans to enhance its power transmission capacity by reducing the nation’s dependency on coal. According to the IEA (International Energy Agency), in 2016, China installed solar-powered systems of a capacity more than 34 GW, which was nearly half of the installed capacity across the globe. China plans to substantially boost the solar system installation capacity over the years ahead, which is certain to have a positive impact on solar PV backsheet industry share. In addition, recently China signed an energy deal with Canada, through which the country intends to promote the benefits of renewable energy sources such as solar and wind power. Considering how proactive the nation seems to be with regards to energy and innovation policies, experts predict China solar PV backsheet industry share to soar higher in the years ahead.

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Apart from business expansion, majority of the players in solar PV backsheet market have been observed to be focusing on the improvement of the material properties of PV backsheets. Bearing in mind the downsides of backsheets such as delamination, cracking, and yellowing, researchers have been trying to improve the mechanical properties of materials. For instance, 3M has invested heavily to develop new PV backsheets endowed with the properties of reliability and long-term performance. The increasing involvement of biggies in new material development is thus slated to propel solar PV backsheet market outlook in the years ahead. Furthermore, the ongoing R&D activities and the growing advancements in the product landscape will generate lucrative opportunities for players in solar PV backsheet industry, thereby impelling its revenue graph by 2024.

Most of the countries have been involved in implementing numerous programs to increase the dependency on off-grid energy for commercial as well as industrial applications. Currently, solar energy has been emerging as one of the most reliable and environment-friendly options for many countries to fulfill their energy requirement. In accordance, most of the entrepreneurs and small-scale companies have also been making vigorous investments to manufacture solar PV backsheets, owing to its increasing demand for solar-powered systems. This would consequently have a massive impact on the overall solar PV backsheet market size, which according to Global Market Insights, Inc., would surpass more than USD 2.3 billion by 2024.

Author Name : Sunil Hebbalkar

Cloud natural language processing market to witness a double-digit growth rate over 2017-2024, driven by a flurry of rapidly advanced tech innovations

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The competitive spectrum of cloud natural language processing market proudly boasts of some of most acclaimed top-shots, such as Amazon Web Services, Fuji Xerox, Baidu, Google, Netbase Solutions, IBM, Microsoft, Verint Systems, Apple Inc., SAP SE, Dolbey Systems, HPE, Facebook, and Nuance Communication. Given the distinguished stance these firms have in the tech cosmos, it comes as no surprise that these companies have been going the whole hog to bring forth a range of highly innovative products that would benefit the cloud NLP industry. The intensely fierce combative environment has made it even more mandatory for companies to adopt tried-and-tested as well as unique, out-of-the-box growth strategies to sustain in cloud NLP market. For instance, tech giant Google, in March this year, had announced the acquisition of Kaggle, a platform hosting machine learning and data science competitions. Through this takeover, Google plausibly aims to acquire one of the most active communities for data scientists, taking a step further toward establishing external integrations with its cloud platform and strengthening its position in cloud natural language processing market.

U.S. Cloud NLP Market Size, By Product, 2016 & 2024 (USD Million)
U.S. Cloud NLP Market Size, By Product, 2016 & 2024 (USD Million)

It is prudent to mention that prior to this acquisition, Google and Kaggle had also joined forces to host a machine learning competition worth USD 100,000, revolving around YouTube video classification. It is thus undeniable that similar to Google, numerous other tech companies have been going the whole nine yards to exploit IoT and big data technology, both which work in tandem with NLP, the result of which would be explicitly visible from the commercialization potential of cloud NLP industry. As per estimates, cloud natural language processing market size was pegged at USD 1.5 billion in 2016, primarily driven by the robust investments in artificial intelligence, that is deployed across a plethora of applications such as machine learning, advanced analytics, robotics, and more.

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One of the most noteworthy instances that affirms the participation of tech giants in cloud NLP industry is the plethora of services that Amazon Web Services has announced to provide this year. Reportedly, the retail behemoth that holds a fair proportion of cloud natural language processing market share, has launched a wide-ranging series spanning 22 all-new services that comprise everything – right from data storage to analysis, and machine learning to convenient cloud transition. Amazon’s prodigious expertise in tapping the cloud, big data tech, IoT, and other innovations to make technology access convenient and flexible for software developers is indeed commendable. The e-commerce player, through this mega launch, has indeed consolidated its presence in numerous business verticals, cloud NLP industry being one of the most prominent ones. Furthermore, it is unquestionable that Amazon’s move would prompt dexterous rivals to break barriers and come up with intensely unique service portfolios of their own, which in consequence, would have a rather lucrative impact on cloud NLP market trends. As the resultant products and services would find pertinent utilization across myriad end-use sectors, such as the BFSI domain, for cross boarder payments, customer documentation, foreign exchange, customer voice processing, solving insurance queries, and text mining, cloud natural language processing market share would traverse a highly profitable growth path in the years ahead. The insights provided by Global Market Insights, Inc., with regards to the same, affirm the authenticity of the declaration – as per the firm’s analysis report, cloud natural language processing market size is likely to cross a valuation of USD 6 billion by 2024, making this business vertical one of most remunerative spaces for potential investors.

As the elbowroom for technology transcends boundaries in the future, cloud natural language processing industry outlook is likely to witness a dynamic transformation, given the contribution of big data and IoT toward deriving powerful insights to ensure quicker decision-making in the fields of marketing, product management, competitive intelligence, etc. The robustly growing demand for content localization would also massively fuel the requirement of NLP services, thereby augmenting the revenue graph of cloud natural language processing industry. With major vendors attempting to launch extensively innovative products for a widespread application spectrum, and the increasing demand for ingenious analytics software that would command the deployment of the cloud space to derive business insights, cloud NLP market size is forecast to grow at an appreciable CAGR of 17% over 2017-2024, as per a report put together by Global Market Insights, Inc.

Author Name : Saipriya Iyer

AI deployment to drive GPU as a service market, global industry to register a CAGR of more than 30% over 2017-2024

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Robust advancements in technology have led to a rise in the deployment of IT-based solutions, impelling GPU as a service market. Nowadays, GPUs (graphics processing units) are being predominantly integrated with the CPU (central processing unit) in self-driving cars, artificial intelligence, and high processing power computing, subject to consumer demands for the installation of graphics in their systems. In the coming years, it is expected that the surging automation in vehicles for ADAS, internal infotainment, and other significant applications are likely to contribute toward the growth of GPU as a service industry. It is prudent to mention that several product developers also prefer software-based systems such as CAD and CAM for improving the overall output efficiency and accuracy, which would considerably propel GPU as a service market over the years ahead.

GPU as a Service Market Size, By Application, 2016 & 2024 (USD Million)
 GPU as a Service Market Size, By Application, 2016 & 2024 (USD Million)

Considering the benefits of GPUs, numerous educational institutes have been extending invitations to industry biggies for supercomputer installation. For instance, the Central China Normal University has called upon Inspur to build a petaflop supercomputer, which will help the educational organization host deep learning workloads and traditional HPC applications. The deployment of artificial intelligence in particular, is slated to have a significant impact on GPU as a service industry trends, on account of which numerous companies have been striving to improve their AI-based programs and products for learning institutions. Cray Inc., for instance has collaborated with Intel to enable advancement in machine and deep learning programs. The robustly increasing adoption of AI-based technologies across scientific and industrial disciplines is thus anticipated to play a key role in the growth of GPU as a service market.

In recent times, the role of graphics in the automotive domain has increased to quite an appreciable extent, given the massive deployment of electronic content in vehicles. In-car electronics have moved beyond fancy HMI and entertainment displays to passenger protection and safety monitoring systems. Automotive OEMs that implement consumer-centric infotainment and innovative safety features are now attracting more consumers, stimulating the demand for GPUs. Thus, the surging deployment of 3D graphics and safety applications in automobiles would heavily drive GPU as a service market share in the forthcoming years.

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Automotive Safety features and 3D Graphics: How they influence GPU as a Service market share

Numerous automakers, as on today, have been deploying advanced automotive safety features such as advanced driving assistance systems in vehicles to comply with regulatory norms for occupant and automobile safety. Consumers have also been observed to give more preference for safety features while purchasing the vehicles. It goes without saying that on account of the aforementioned fact, the demand for GPU based built-in computational units that effectively work on safety monitoring would increase by several notches, thereby augmenting the revenue graph of GPU as a service market. In addition, some automakers are looking forward to speed-up real-time response by reducing the time required for parallel algorithm execution in ADAS with the help of parallel processing power of graphical process units (GPU), further boosting this business vertical. In essence, the shifting trends toward the development of autonomous cars is likely to boost GPU as a service industry share in the future.

The latest trend proliferating GPU as a service industry is the growing utilization of 3D graphics in the expanding iOS and Android mobile applications. Undeniably, 3D gameplay, UI, and visual captive content are mandatorily being implemented in every mobile operating system. Each one of these implementations demands the deployment of a graphics card for improved functionality, that would commendably impact GPU as a service market share. Effectively, the escalating usage of 3D graphics in mobile devices and the development of fancy UIs incorporating 3D graphics will stimulate GPU as a service market size, forecast to cross a revenue of USD 5 billion by 2024.

Author Name : Sunil Hebbalkar

Drip-based microirrigation system market to amass commendable popularity over 2017-2024, improved technological advancements to characterize the industry growth

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Microirrigation system market, in recent times, has been witnessing commendable growth, the reason of which can be aptly attributed to the numerous M&As and strategic alliances prevalent across this business sphere. Given the rising shortage of water sources across the globe, optimized deployment of water for myriad purposes, especially for agriculture, has been gaining prominence lately. In this regard, microirrigation methodologies such as drip and sprinkler irrigation have scored an edge over conventional irrigation mechanisms, prompting companies in other business spaces to join forces with microirrigation system industry players. For instance, recently in September, Mexichem, SAB, a Mexico-based piping & chemical company, announced its decision of acquiring Netafim, LTD, the renowned Israel microirrigation system market giant, for a valuation of close to USD 1.5 billion.

U.S. Microirrigation System Market, By Application, 2013-2024, (USD Million)
U.S. Microirrigation System Market, By Application, 2013-2024, (USD Million)

Elaborating on the aforementioned, it is prudent to state that this deal has been projected to be mutually beneficial for both the conglomerates. Authentic sources claim that Mexichem will receive an 80% stake in Netafim, as per the agreement, while the founder of the company would be retaining the remaining 20% stake in the company, currently valued at USD 1.89 billion. Furthermore, Mexichem personally believes that the deal would catapult the company to a rather high stance in global microirrigation system industry, while simultaneously enabling the firm to harness smart technology for water management, irrigation, and increased crop yield. In essence, as domain maximization stands to remain a prime goal for allied companies, their alliances with firms partaking in microirrigation system market share are likely to help them garner a significant percentage of the overall revenue of this business space, which would simultaneously help transform microirrigation system market trends. As per Global Market Insights, Inc., microirrigation system industry size was pegged at a modest USD 5 billion in 2016, and is likely to expand further in the years ahead.

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Drip irrigation, one of the most popular methodologies of microirrigation, has been driving microirrigation system market share in recent times, for the simple reason that the mechanism is overtly efficient and versatile. Drip-based microirrigation system industry has been witnessing numerous developments lately, one of the most noteworthy ones being, the Ramthal Marol Drip Irrigation project in Hungund, Bagalkot. This project has recently been given the green signal by the regional government, post which its second phase is expected to commence. Apparently, the scheme would prove to be a godsend for the farmers in the region, given that they used to be entirely dependent on the rains. Together, the first and second phases would bring forth an area of close to 35,000 hectares of agricultural land under the drip irrigation scheme, thereby making it the largest single drip irrigation project. As per experts, this project, valued at INR 768 crore, would service close to 15,000 farmers in 30 villages, and would mark a major significance in the regional microirrigation system market.

Given the popularity of its working methodology, drip irrigation is expected to be widely deployed over the years ahead. The mechanism leads to a reduction in the population of pests and weeds, as the water is directed toward the root of the plant. Additionally, the methodology offers ease of installation, reduced soil erosion, improved fertilizer efficiency, and maximum usage of water, owing to which drip-based microirrigation system market is likely to garner substantial gains over 2017-2024. As per estimates in fact, microirrigation system industry size from drip irrigation is slated to cross more than 45 million hectares by 2024, in terms of volume.

The advent of technological innovations has had a profound impact on microirrigation system market outlook. Recently for instance, Supergeo, the globally renowned GIS software provider, made it to the headlines for having worked alongside two acclaimed organizations in the agro-tech domain, namely, the Taiwan Agricultural Irrigation Association (TAIA) and the Agricultural Engineering Research Center (AERC), in order to develop a smart irrigation GIS solution. The final module is anticipated to benefit a host of farmers and agro-based workers in terms of generating healthy yield with minimal water supply. As more and more companies begin to bring about high standard technology in manufacturing irrigation devices, microirrigation system industry size is bound to soar higher than anticipated. As per estimates, microirrigation system market size is forecast to cross a valuation of close to USD 12 billion by 2024.

Author Name : Saipriya Iyer

Cutting-edge technologies to drive behavior analytics market, global industry to register a commendable CAGR of 40% over 2017-2024

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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. In an era swamped by security breaches and data threats, tech companies have been vying with one another to bring about a plethora of products that would help unveil the reason behind security threats, even as the danger lurks large in the current times. Behavioral analytics, an inherent vertical of business analytics, focuses on recording new insights on anomalous behavior to detect insider threats. Fortscale’s current funding round incidentally bears acquiescence to the release of the company’s most recent product offering – Presidio™, an embedded UEBA (user and entity behavior analytics) engine that is among the first to debut in behavior analytics market.

U.S. Behavior Analytics Market Size, By Deployment, 2016 & 2024 (USD Million)
U.S. Behavior Analytics Market Size, By Deployment, 2016 & 2024 (USD Million)

Fortscale’s Presidio has been predicted to send behavior analytics industry players in a tizzy, as its embedded approach is slated to deliver a rather streamlined, integrated threat detection model – much more precisely that the conventional UEBA approach requiring an external system would have delivered. The product would be setting the proverbial example for tech behemoths partaking in behavior analytics market share, state experts in correspondence with the matter, given that Presidio is embedded within the security infrastructure of the firm itself, which would offer consumers the exclusive benefits of analytical insights without having to resort to another product in existence.

Amidst the backdrop of a scenario plagued by cyberattacks, data breaches, and insider threats, triggered by the adoption of big data platforms, the adoption of tools such as behavior analytics is on a considerable rise, especially among high-end domains such as the IT & telecom, defense, retail, government, and BFSI sectors, which has lucratively impelled behavior analytics market outlook. The banking business, in particular, has been under tremendous strain in recent years, and forms an intrinsic part of the end-user landscape of behavior analytics industry. Owing to significantly surging risk percentage of cybersecurity, banks and numerous other financial institutions are rather vulnerable to cyberattacks and data exposure, given that these organizations store rather confidential information in mammoth amounts. Considering the rising number of financial losses, it has been observed that the banking community has been rather proactive in adopting analytical platforms – a move that will continue to stimulate behavior analytics market size. Companies partaking in behavior analytics industry share have been going the whole hog to exploit the massive potential of this sector that has been on a roll lately, driving the demand for analytical solutions.

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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. For instance, it has been observed that when integrated with DLP, UBA automatically adds detailed user data to DLP investigations in a bid to categorize responses based on priority, which may prove to be a godsend for DLP analysts. The effort put in by organizations to develop such integrated tools that can streamline and prioritize detection processes would massively drive behavior analytics market size, slated to cross a valuation of USD 3.5 billion by 2024.

Author Name : Saipriya Iyer