The Latin America, Middle East and Africa User And Entity Behavior Analytics Market would witness market growth of 34.8% CAGR during the forecast period (2023-2030).
The data sources gathered and analyzed by user and entity behavior analytics (UEBA) solutions include network traffic logs, file access logs, application usage data, and user login data. Utilizing these data sets and behavioral analytics, UEBA platforms can spot trends, outliers, and shady behavior that might point to compromised accounts, insider threats, or other security lapses. The market is ultimately focused on enabling enterprises to proactively identify and respond to potential security issues as well as to reduce threats to their sensitive systems and data.
Organizations may lessen the risk of insider attacks and safeguard their priceless assets by monitoring user behavior and looking for anomalies. Organizations can conform to compliance rules and avoid problems by using the anomaly detection abilities of UEBA to monitor and identify security-related incidents or data breaches. For instance, the IBM Cost of a Data Breach Report 2022 calculates that the average monetary loss from security breaches in 2022 will be around USD 4.35 million. As a result, UEBA products are more in demand since they add an extra level of protection to secure sensitive data and guarantee regulatory compliance.
According to the International Trade Administration, the Brazilian Ministry of Health approved investments totaling $83 million to digitalize the SUS for 2020 to 2028. For the purpose of promoting and planning the use of digital platforms and solutions in the public sector, "Digital Strategy for Brazil" was created. By the end of 2022, one of the efforts, APS Digital (Digitalization of Primary Care Assistance), aimed to offer the IT hardware and software required to run basic care units.
For telemedicine systems to provide services for geriatrics, cardiology, dermatology, and endocrinology in remote areas, the UBS Digital public project, introduced in 2022, offers $3 million. The system is focused on telemedicine, system certification, cybersecurity, and sophisticated features, including artificial intelligence (AI), analytics, and the creation of care models. The Ministry of Health supports the development of its digital health ecosystem by implementing this effective plan, which is substantially backed by digital technology. Consequently, there is a greater need for security solutions due to increasing investments in IT and digital healthcare. Because of all these variables, the regional market will grow throughout the forecast period.
The Brazil market dominated the LAMEA 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 $180.6 Million by 2030. The Argentina market is showcasing a CAGR of 35.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 34.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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