Zion Market Research, the market research group announced the analysis report titled "User and Entity Behavior Analytics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 07/26/2017 -- Global User and Entity Behavior Analytics Market: Overview
In order to identify financial fraud, insider threats and targeted attacks, user and entity behavior analytics (UaEBA) solutions are used. For analyzing patterns in human behavior and applying statistical tools and algorithms to detect variances, UaEBA solutions are very helpful. These solutions are majorly used to detect insider threats and unusual behavior. Owing to these features of the UaEBA, the demand for them is rising rapidly in the market. Major investments are seen from the enterprises to adopt UaEBA solutions in order to secure data from the security breach and for identity and access management. With the volume of data and rising types of threats in the market, demand for UaEBA solutions will rise rapidly in the coming future.
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Global User and Entity Behavior Analytics Market: Segmentation
The global user and entity behavior analytics market is segmented into its type, vertical, deployment type, and geography. On the basis of type, the global market is divided into the solution which includes insider threats, compromised credentials and data loss prevention and services which include implementation and ongoing optimization. Based on vertical, the global market is segregated into financial services and insurance, retail and e-commerce, energy and utilities, IT and telecom, healthcare, defense, and government. On the basis of deployment type, the global market is classified into cloud and on-premises. Diversification of the global market on the basis of the region is seen into Europe, the Middle East and Africa, North America, Asia-Pacific and Latin America.
Global User and Entity Behavior Analytics Market: Growth Factors
The user and entity behavior analytics market is a growing market. This growth can be attributed to reasons such as growing requirement by various organizations for real-time analytics, growing volumes of data breaches, massive investments made in threat prevention technologies and rising need to prevent insider threats posed by users. In addition, factors such as major data analysis techniques and progress in machine learning technology are driving the progress of the market. Data loss prevention and the cloud segment are the major segments showing growth in the market. However, there are certain factors restraining the market growth such as lack of proper awareness regarding advanced insider threats and shortage of well-trained security professionals in this field.
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Global User and Entity Behavior Analytics Market: Regional Analysis
The largest share in the user and entity behavior analytics market is held by North America. The U.S. and Canada will be contributing majorly towards this growth. This growth can be contributed to the rising emergence of small and medium enterprises and large enterprises in the data security field and large-scale adoption of analytics solution to increase productivity. Growth in North America is followed by Asia-Pacific, which is expected to grow at the highest rate in the coming future. Factors such as such as the need to protect these applications from vulnerabilities and rapid growth in the usage of web and mobile applications in the Asia-Pacific region are contributing towards the growth in this region. Following the growth in Asia Pacific, are regions such as Europe, Latin America and Middle East and Africa. They are also contributing an ample share in the market growth globally.
Global User and Entity Behavior Analytics Market: Competitive Players
Some of the major companies in the user and entity behavior analytics market are Splunk Inc., Varonis Systems Inc., Securonix, Exabeam Inc., Bay Dynamics, Niara Inc., Gurucul, Dtex Systems, Sqrrl Data Inc., Rapid7, Darktrace Limited, Veriato Inc., LightCyber, E8 Security and Fortscale Security Ltd.
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