User and entity behavior analytics (UEBA) is an effective cybersecurity process that detects internal security threats, curbs down financial fraud and identifies target attacks on enterprise’s IT infrastructure. It analyses and records anomalous human behavioral patterns, deploying statistical techniques, algorithms, and machine language to monitor cybersecurity threat. The benefit UEBA offers is that it keeps track of users and entities within the system, instead of depending on security events or monitoring device. Reports and logs, file, flow, and packet information are the in-system assistance to record data. The potency of UEBA process is the main factor which is predicted to drive the market growth in the forecast period.
Today when the world is evolving into a digital era, an increase in demand for real-time analytics owing to the growing cybersecurity threat is boosting the user and entity behavior analytics market growth. Moreover, an increase in awareness of UBEA solutions among enterprises is leveraging market broadening.
The user and entity behavior analytics market expansion is likely to experience resistance due to the following mentioned factors. Enterprises cut down on the budget for user and behavior analytics solutions and shortfall on advanced insider threats information are possible constraints on the user and entity behavior analytics market growth.
Market Research Future reports (MRFR) that the user and entity behavior analytics market is anticipated to register a CAGR of 41.73% during the forecasted period of 2017-2023 and valuation to scale up to USD 1,178.19 million by 2023 end.
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The user and entity behavior analytics market study done by MRFR is segmented based on type, deployment type, vertical and region.
Based on the type, the user and entity behavior analytics market is bifurcated into solution and services.
Based on deployment type, the market is segmented into on-premises and cloud.
Based on vertical, the user and entity behavior analytics market is segmented into BFSI, government, healthcare, IT and telecommunication, energy and utility, retail, and others.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Noteworthy companies profiled by MRFR in the user and entity behavior analytics market are Splunk Inc. (US), Microsoft Corporation (US), Varonis Systems, Inc. (US), Exabeam, Inc. (US), Observe IT (Israel), Niara Inc. (US), Sqrrl Data, Inc. (US), Bottomline Technologies, Inc. (U.S.), and Rapid7 (US). The other key innovators in the market are Securonix (US), Bay Dynamics (US), Gurucul (US), and Dtex Systems (US).
The market key players are magnifying their presence in the market by launching new products or entering into partnerships, agreement, and collaboration with other giant companies.
North America is expected to have a ascendancy over other regions in the User and Entity Behavior Analytics Market in the upcoming years. Increase in adoption of UEBA solutions in the region is influencing the market growth. With a firm technical base, the US, Mexico, and Canada are investing a good amount in research and development to come up with great innovations in UEBA solutions that will deliver maximum benefit to UEBA solutions to customers.
Increase in ownership of smartphone and an increase in the use of web applications are expected to prompt the need for adopting security solutions in the Asia Pacific region. These factors are proliferating the user and entity behavior analytics market growth in the region.
April 2019: Safe-T Group Ltd announced the launch of the user and entity behavior analytics solution, named Safe-T Telepath. Safe-T Telepath is designed to avert malicious and unauthorized users to organization’s internal services from accessing its data.
- Application System Providers
- Third-Party Hosts
- IT System Providers
- Application Designers and Software Developers
- Information Security Directors/Managers
- IT Compliance Directors/Managers
- IT Audit Director/Managers IT Directors/Consultants
- Chief Compliance Officers
- Technology Consultants
- Communications Service Providers
- Managed Service Providers (MSPs)
- Universities and research organizations
- Government bodies
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