“User and Entity Behavior Analytics Market by Type (Solution and Services), Deployment Type (On-Premises and Cloud), Vertical (Financial Services & Insurance, Retail & Ecommerce, Energy & Utilities, IT & Telecom, and Healthcare) – Global Forecast to 2021”
[126 Pages Report] The global user and entity behaviour analytics market (UEBA) market is projected to grow from USD 131.7 Million in 2016 to USD 908.3 Million by 2021, at a CAGR of 47.1% from 2016 to 2021.
Major drivers for the global market include increasing need to prevent insider threats posed by users, growing requirement for real-time analytics by various organizations, and shortage of trained security professionals. Major progress in machine learning technology and data analysis techniques is also driving the global market.
Objectives of the Study:
The main objective of this report is to define, describe, and forecast the global user and entity behaviour analytics market on the basis of type, deployment type, vertical, and region. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the global market during the forecast period. The report aims to strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the size of the global market with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and Latin America. The report strategically profiles the key players in the global market and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as joint ventures, mergers & acquisitions (M&A), new product launches, and R&D activities in the global market.
The research methodology used to estimate and forecast the global market begins with capturing data on revenues of key vendors through secondary research, such as annual reports, press releases, and investor presentations of companies, white papers, technology journals and certified publications, articles from recognized authors, directories, and databases. The offerings of vendors are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global user and entity behaviour analytics market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key experts, such as CEOs, vice presidents, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments of the global market.
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The ecosystem for the global user and entity behaviour analytics market comprises vendors, such as Splunk Inc. (U.S.), Securonix (U.S.), Varonis Systems, Inc. (U.S.), Bay Dynamics (U.S.), Exabeam, Inc. (U.S.), Gurucul (U.S.), Niara Inc. (U.S.), Sqrrl Data, Inc. (U.S.), Dtex Systems (U.S.), and Rapid7 (U.S.), among others. Other stakeholders of the global market include application designers and software developers, system integrators, mobile application security software providers, consulting service providers, managed service providers, telecom operators, and cloud service providers.
The target audiences of the global user and entity behaviour analytics market report are:
• 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
• Cloud Service Providers
• Technology Consultants
• Communications Service Providers
• Market Research and Consulting Firms
“This study answers several questions for the stakeholders, such as the market segments that should be under their focus for the next two to five years for prioritizing their efforts and investments”.
The global user and entity behaviour analytics market is estimated to grow from USD 131.7 Million in 2016 to USD 908.3 Million by 2021, at a CAGR of 47.1% during the forecast period.
The global market is driven by increasing cyber threats posed by insiders in organizations and incapability of traditional security tools to identify such insider threats. Moreover, lack of trained security professionals, who understand the security threats posed by users, is another factor driving the global market as organizations are expected to prefer behaviour analytics solutions that rely on machine learning to identity such threats with minimal human intervention.
The North American region is estimated to account for the largest share in the global market during the forecast period, owing to increased usage of user and entity behaviour analytics solutions across varied industries in the region. However, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing usage of mobile and web applications in the region and the need for security solutions that are capable to identify threats to data. The user and entity behaviour analytics market in the Middle East & Africa and Latin American regions is growing at a comparatively low rate due to lack of awareness among organizations about benefits of user and behaviour analytics solutions.
Factors, such as lack of awareness about user-centric approach and low budget allocations for user and behaviour analytics solutions hinder growth of the global market. Major players operating in the global market are adopting varied strategies to enhance their market presence. The strategy of new product launches is the most frequently adopted strategy, followed by partnerships, collaborations, and agreements. Companies, such as Securonix (U.S.), Varonis Systems, Inc. (U.S.), and Niara Inc. (U.S.) are developing new products by entering into partnerships to provide fast and productive services. Companies such as Splunk Inc. (U.S.) are following strategy of acquisitions to enhance their product portfolio and strengthen their position in the global user and entity behaviour analytics market.
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