Press release
User And Entity Behavior Analytics Market Size, Growth, Industry Share, Regional Outlook, Competitive Analysis And Forecast To 2033
User And Entity Behavior Analytics Market Analysis
The Business Research Company presents an extensive market research report on the User And Entity Behavior Analytics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The user and entity behavior analytics market size has grown exponentially in recent years. It will grow from $1.78 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 34.5%. The growth in the historic period can be attributed to rise in insider threats, advanced persistent threats (apts), regulatory compliance mandates, security incident detection and response, insight into user activities.
The user and entity behavior analytics market size is expected to see exponential growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 34.1%. The growth in the forecast period can be attributed to machine learning and ai advancements, iot device proliferation, endpoint security integration, behavioral analytics for fraud prevention, automation of incident response. Major trends in the forecast period include machine learning for anomaly detection, integration with security information and event management (siem), cloud-native ueba solutions, focus on insider threat detection, user and entity risk scoring.
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Key Market Players:
Major companies operating in the user and entity behavior analytics market report are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., VMWare LLC, Palo Alto Networks Inc., Fortinet Inc., F5 Inc., Splunk Inc., Check Point Software Technologies Ltd., McAfee Corp., Thoma Bravo LP - Sophos Group PLC , Rapid7 Inc., Forcepoint LLC, Varonis Systems Inc., Bottomline Technologies Inc., Lookout Inc., LogRhythm Inc., Exabeam Inc., Securonix Inc., Cynet Security Ltd., Dtex Systems Inc., LTS Secure, Lepide, Teramind Inc., Gurucul Solutions LLC, Niara Inc., Sqrrl Data Inc
Market Drivers:
The rising number of IoT and cloud-based connected devices is expected to propel the growth of the user and entity behavior analytics (UEBA) market going forward. IoT (Internet of Things) refers to the network of interconnected physical devices that communicate and share data with each other through cloud-based services. IoT and cloud-connected devices are used in user and entity behavior analytics (UEBA) to provide real-time data and comprehensive insights into user interactions, enabling more accurate threat detection and proactive security measures. For instance, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, in 2022, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the rising number of IOT and cloud-based connected devices is driving the growth of the user and entity behavior analytics (UEBA) market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/user-and-entity-behavior-analytics-global-market-report
The user and entity behavior analytics market covered in this report is segmented -
1) By Type: Solution, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Financial Services And Insurance, Retail And Ecommerce, Energy And Utilities, IT And Telecom, Healthcare, Defense And Government, Other Verticals
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