The Europe User And Entity Behavior Analytics Market would witness market growth of 32.0% CAGR during the forecast period (2023-2030).
The demand for highly effective security solutions is growing as more and more sectors, including BFSI, government, retail, healthcare, and manufacturing, adopt cutting-edge technologies like IoT, online apps, and linked devices. These sectors frequently experience more security breaches involving networks, servers, and endpoint devices, as well as the generation and storage of extremely sensitive data and information. As a result, among the many end-use sectors, demand for cutting-edge and sophisticated security solutions, such as threat identification systems and behavioral analytics, is constantly rising. The need for UEBA has greatly expanded due to the rising digitalization of the healthcare industry. Over the past ten years, chronic immune system diseases (NCDs) have rapidly increased in prevalence.
Phishing and social engineering are both growing in popularity. These tactics allow staff members to download software, click links, and transmit passwords rather than attack an organization's technology. A potentially sophisticated cyberattack only needs to infect one machine to begin. In order to stop a little phishing scheme from turning into a significant data breach, UEBA works to identify even the smallest anomalous activities. The security stance of a company may be significantly impacted by UEBA.
The healthcare industry in the region is very fragmented, which makes it more susceptible to cyberattacks and increases demand for stronger cyber defense. Healthcare organizations commonly utilize a variety of user roles with varying levels of access capabilities. Strict access controls can be imposed by UEBA tools to ensure that only authorized people can access sensitive data or crucial systems. Utilizing the newest technological solutions and services, trust and transparency must be maintained when managing sensitive data. The demand for cyber security measures has increased, particularly those guarding against insider threats. The development of the regional market is facilitated by these variables.
The Germany market dominated the Europe User And Entity Behavior Analytics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $704.3 Million by 2030. The UK market is exhibiting a CAGR of 30.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 33% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into Telecom & IT, Healthcare & Lifesciences, Manufacturing, BFSI, Retail & Ecommerce, Government & Defense, Education and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide User And Entity Behavior Analytics Market is Projected to reach USD 10.6 Billion by 2030, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Check Point Software Technologies Ltd., Varonis Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Rapid7, Inc., Sophos Group PLC (Thoma Bravo) and McAfee Corp.
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