The User and Entity Behavior Analytics Market 2020 is expected to witness rapid developments. These services add another security layer of an organization. It helps in the identification of frauds and threats.
Market Research Future (MRFR) has offered a report on the global User and Entity Behavior Analytics Market that presents a detailed study of the historic data and past trends. This report suggests that the global market is supposed to mark 41.73% CAGR over the forecast period. In terms of revenue, the User and Entity Behavior Analytics Market size is projected to increase from $145.37 Mn in 2017 to $1,178.19 Mn by 2023 end.
Increasing cases of cyber security threats are expected to drive the growth of the User and Entity Behavior Analytics Market. Organizations are increasing investments in security solutions. It is projected to catapult the User and Entity Behavior Analytics Market on a growth trajectory.
Statistical algorithms are being developed and improvised to identify deviations and frauds. It helps in tackling potential threats. These factors are presumed to catalyze growth rate of the User and Entity Behavior Analytics Market. Increasing availability, as well as dependency on cloud solutions, is projected to augment the User and Entity Behavior Analytics Market. In the near future, the User and Entity Behavior Analytics Market is anticipated to witness rising deployment of cloud-based services. This, in turn, is expected to uncover growth channels over the next few years.
On the basis of type, the User and Entity Behavior Analytics Market has been segmented into solution and services.
On the basis of deployment type, the User and Entity Behavior Analytics Market has been segmented into on-premises and cloud. On the basis of vertical, the User and Entity Behavior Analytics Market has been segmented into BFSI, healthcare, government, IT and telecommunication, retail, energy & utility, and others.
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Splunk Inc. (US), Varonis Systems Inc. (US), Niara Inc. (US), Microsoft Corporation (US), Bottomline Technologies Inc. (U.S.), Exabeam Inc. (US), Observe IT (Israel), Sqrrl Data Inc. (US), and Rapid7 (US). The other key players in the market are Bay Dynamics (US), Securonix (US), Gurucul (US), and Dtex Systems (US) are few of the key players operative in the User and Entity Behavior Analytics Market.
These players are leveraging investments in research & development for bringing innovations. Product development and launches are the key strategies that are opted by these players to sustain the curve and maximize profits. Inorganic approaches being used for elevating financial status in the UEBA market include, but are not limited to, collaborations, mergers & acquisitions, agreements, strategic alliances, and partnerships. International and regional players are assessed to be investing in regional expansion. An influx of new participants is also projected in the upcoming years.
The geographical evaluation of the global User and Entity Behavior Analytics Market is covered in this report. It encompasses an analysis of the following regional segments – North America, Asia-Pacific, Europe, and the Rest of the World (RoW). These regional segments are assessed based on country-level markets present.
North America is presumed to observe technological innovations. It is assessed to dominate the User and Entity Behavior Analytics Market in the upcoming years. A greater number of companies are investing in technological solutions to ensure security. It is projected to catalyze the growth rate of the User and Entity Behavior Analytics Market in the region. APAC is supposed to thrive at the highest rate of growth. Increasing mobile and web applications in the region are expected to lead the augmentation of the user and entity behavior analytics (UEBA) market.