Global User and Entity Behavior Analytics Market Research Report, by Type (Solution, Services), Deployment Type (On-Premise, Cloud), Vertical (BFSI, Government, Healthcare, IT and Telecommunication, Energy & Utility, Retail, Others) - Forecast till 2023
In the growing era of internet, brands try to track the behavior of internet users to find the potential buyers and pitch their products or services to them. The new research report about the global user and entity behavior analytics market published by Market Research Future (MRFR) anticipates surge for this market at 41.73% CAGR between 2018 and 2023. In terms of monetary value, the market worth can be of USD 1,178.19 mn by the end of the forecast period.
Crucial factors extending the global user and entity behavior analytics market include growing need for threat prevention technologies, lack of trained security professionals, rising awareness about user-centric approach among enterprises, and increasing demand for real-time analytics. However, low IT budget allocations for user and behavior analytics solutions about advanced insider threats slow down the market growth. Lack of information about advanced insider threats is another big issue that can harm the market growth.
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The global user and entity behavior analytics market segmentation covers type, deployment type, and vertical.
By type, this market has been segmented into services and solutions. In the context of the deployment type, the market has been segmented into cloud deployment and on-premise deployment. Regarding vertical, the market has been segmented into banking, financial services, and insurance (BFSI), energy & utility, government, healthcare, information technology (IT) & telecommunication, retail, and others.
Major players in the global user and entity behavior analytics market include Bay Dynamics (USA), Bottomline Technologies Inc. (USA), Dtex Systems (USA), Exabeam Inc. (USA), Gurucul (USA), Microsoft Corporation (USA), Niara Inc. (USA), Observe IT (Israel), Rapid7 (USA), Securonix (USA), Splunk Inc. (USA), Sqrrl Data Inc. (USA), and Varonis Systems Inc. (USA).
The regional segmentation of the global User and Entity Behavior Analytics Market covers North America, Europe, Asia Pacific, and Rest of the World (RoW).
North America is the largest regional market due to the growing use of user and entity behavior analytics solutions across different industries in the USA and Canada. The third most important country-specific market in this region is Mexico. Technological advancement and the presence of important market players are also boosting the market growth in this region.
In Europe, the market is strong, and factors responsible for growth are pretty much like those in North America. The high density of population makes Europe the second largest regional market. The substantial country-specific markets in this region are France, Germany, Italy, Spain, and the UK.
The Asia Pacific region can rise as the fastest growing regional market during the forecast period due to the increasing use of mobile and web applications and subsequent increase in the requirement for security solutions that can identify threats to data. Fastest growing IT industry makes China and India, the key country-specific markets. Due to technological advancement, Japan has emerged as another noteworthy market.
The RoW segment features Latin America and the Middle East & Africa (MEA) region. In Latin America, the market can grow due to the decent availability of technology. However, during the forecast period, poor IT infrastructure in Africa and lack of awareness among organizations about the benefits of user and behavior analytics solutions in the Middle East are likely to result in limited market growth.
Latest Industry News
Cognitive cybersecurity analytics Elysium Analytics has forged a technical partnership with California-based business intelligence leader Zoomdata that was recently acquired by Logi. This partnership is meant to integrate Zoomdata's Real-Time Data Visualization capabilities with Elysium Analytics Cognitive Security Analytics platform. This can lead to the launch of a highly integrated platform that would be a combination of latest user and entity behavior analytics (UEBA) and machine learning (ML) technologies from Elysium Analytics and Zoomdata’s rapid visualization and real-time visual analytics. Elysium Analytics has also announced its global partner program that would offer opportunities for joint success in the global security analytics and threat prevention market. This comprehensive program covers consulting, strategic partnerships, systems integration, and technology, under one umbrella. 27 JUNE 2019
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LIST OF TABLES
Table 1 Global User And Entity Behaviour Analytics Market, By Region, 2018–2023
Table 2 North America: User And Entity Behaviour Analytics Market, By Country, 2018–2023
Table 3 Europe: User And Entity Behaviour Analytics Market, By Country, 2018–2023
Table 4 Asia-Pacific: User And Entity Behaviour Analytics Market, By Country, 2018–2023
Table 5 Middle East & Africa: User And Entity Behaviour Analytics Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global User And Entity Behaviour Analytics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global User And Entity Behaviour Analytics Market
FIGURE 4 Value Chain Of Global User And Entity Behaviour Analytics Market
FIGURE 5 Share Of Global User And Entity Behaviour Analytics Market In 2017, By Country (In %)
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