The global user and entity behavior analytics market 2020 was estimated at USD 145.37 million in 2017 and is poised to reach the valuation of USD 1,178.19 million by 2023, as per the report found on Market Research Future (MRFR). The report also states that the market is set to grow at a rate of 41.73% during the forecast period (2018–2023).
The key participants actively investing in the user and entity behavior analytics market are listed as –
Microsoft Corporation (US), Splunk Inc. (US), Exabeam, Inc. (US), Varonis Systems, Inc. (US), Niara Inc. (US), Observe IT (Israel), Bottomline Technologies, Inc. (U.S.), Sqrrl Data, Inc. (US), and Rapid7 (US).
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Market’s Growth Factors and Top Barriers
User and entity behavior analytics is a cyber-security process that is used to record patterns of human behavior by using algorithms, machine learning, and statistical analyses to detect anomalous behavior. Apart from tracking security events and monitoring devices, user and entity behavior analytics also keep track of the users and entities in the system and facilitate quicker detection by using algorithms noticing insider threats based on user behavior variances. Furthermore, it is also used to identify potential threats, financial fraud and targeted attacks.
User and entity behavior analytics is predicted to observe a rise as it adequately aggregates the data in the file, flow, reports, and logs, as well as packet information in one place. Such a factor is considered an essential factor, streamlining market growth over the forecast period.
At the same time, the growing need for threat prevention technologies, surging demand of real-time analytics, as well as lack of trained security professionals are yet other essential factors boosting the growth of user and entity behavior analytics market towards a positive direction. With this, the rising awareness about the user-centric approach among various businesses offers massive opportunities for the market to grow unbeatably during the prognostication period.
On the flip side, the factor of deficient of information on advanced insider threats and low IT budget allocations for the user as well as behavior analytics solutions could create chances to obstruct the growth of this market over the forecast period.
- 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 bodie
Segmentation of Market: User and Entity Behavior Analytics
The segmental analysis of the global User and Entity Behavior Analytics Market has been conducted by the elements of type, deployment type, and vertical.
In terms of type: Solution and services are the segments.
In terms of deployment type: On-premises and cloud are the segments.
In terms of vertical: BFSI, government, healthcare, IT and telecommunication, energy & utility, retail, and others are the segments.
Europe, Asia-Pacific, North America, and the rest of the world are the key regions selected for the study of global user and entity behavior analytics market. The analysis is done in the following ways.
Among these regions, North America has the capacity to lead the user and entity behavior analytics market from 2018 to 2023 as the region is witnessing budding usage of user and entity behavior analytics solutions across varied industries and businesses.
Asia-Pacific region is also estimated to expand at the highest CAGR during the assessment period owing to the high usage of mobile and web applications that have subsequently increased the need for security solutions as these are capable of identifying threats to data.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global User And Entity Behaviour Analytics Market
5 Industry Overview Of Global User And Entity Behaviour Analytics Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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