User and Entity Behavior Analytic Market is Set for a Rapid Growth and is Expected to Reach around $1,337.04 Mn by 2022

Zion Market Research has published a new report titled “User and Entity Behavior Analytics (UEBA) Market by Type (Solution And Services), by Deployment Type (On Premises and Cloud) Market for IT & Telecom, Energy & Utility, Financial Services & Insurance, Retail & E- Commerce, Healthcare, Defense & Government And Others Verticals: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global user and entity behavior analytic market accounted for around USD 131.70 Million in 2016 and is expected to reach approximately USD 1,337.04 Million by 2022, growing at a CAGR of around 47.20% between 2017 and 2022.

 

An organization’s primary defenses (e.g. firewalls, access controls, physical access controls) are built for the untrusted external attacker, not the trusted insider. To counter this advantage, organizations need capabilities that detect nefarious or negligent activities that go undeterred by traditional security measures. User and entity behavior analytics solution is built to automatically and accurately identify inside threat actors by delivering behavior anomaly detection capabilities in an out-of-the-box solution that does not require manual sifting through data or rules.

 

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Attacks launched by misuse of legitimate credentials pose one of the most critical threats to organizations. These attacks may be launched by employees, vendors, outsourced operators or even external perpetrators that have managed to get access to credentials. Since organizations have not implemented sophisticated tools capable of monitoring and detecting behavioral changes for legitimate access, these attacks often go unnoticed.

 

Increasing need to prevent insider threats posed by users paired with significant investments made in threat prevention technologies are the two major factors driving the user and entity behavior analytics (UEBA) market.  Furthermore, increasing demand for real-time analytics and growing demand for advanced solution for security enterprises is predicted to surge the demand for UEBA market. On the other hand, lack of awareness regarding advanced insider threats is expected to hamper user and entity behavior analytics (UEBA) market growth. Nonetheless, user-centric approach may open up new alluring opportunities for user and entity behavior analytic market in the near future.

 

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Solution segment dominated type segment of the user and entity behavior analytic market in 2016 owing to increasing demand for data loss prevention solution from organization. Insider threats are predicted to offer ample opportunities for participant in analysis period. In 2016, on premises deployment type held the largest market share and expected to continue the trends in coming years. Cloud segment is predicted to grow with highest CAGR in years to come. IT & telecom, energy & utility, financial services & insurance, retail & e- commerce, healthcare, defense & government and others are the verticals segment of user and entity behavior analytic market. BFSI and defense & government are emerged as a leading segment of UEBA market.

 

North America emerged as dominating regional market for user and entity behavior analytic in 2016 followed by Europe. The growth of these regions is mainly attributed to high demand for real time analytics paired with growing volumes of data breaches. U.S. will be opportunist region for UEBA market owing to increasing demand from BFSI sectors in coming years. Asia Pacific and Latin America are expected to witness substantial growth owing to the shortage of trained security professionals and increasing demand from defense & government sectors. China and Brazil estimated to be key contributing region for UEBA market.

 

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Some of the key players in the user and entity behavior analytic market are Rapid7, Varonis Systems, Inc, Gurucul, Niara, Inc, Sqrrl Data, Inc, Dtex Systems,  Bay Dynamics. Exabeam, Inc, and Securonix amongst others.

 

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