The North America User And Entity Behavior Analytics Market would witness market growth of 31.3% CAGR during the forecast period (2023-2030).
There will be a decrease in IT spending if a company no longer needs as many analysts to complete the tasks that the UEBA system is handling. However, any situation where machine learning is used still needs human input. A ransomware attack being stopped in its tracks might also be considered a cost-saving measure. The UEBA can aid a business or company in saving from having to pay hackers to fix a system or from suffering financial loss from wasted time due to a server being down due to malware. UEBA concentrates on insider threats, like employees' compromised devices, identifying rogue users, and tracking individuals with access to users' systems who have a high potential for carrying out targeted attacks on the organization's servers, devices, and apps.
Due to expanding bring-your-own-device (BYOD) and remote work trends, employees are actively utilizing unsecured servers, applications, and platforms, which provide a simple entry point for attackers and hackers to access user and application systems. The analysis of user behavior and entity behavior by means of algorithms identifies even the smallest deviations from the user's typical activity patterns. As a result, the industry expansion of user and entity behavior analytics is supported, and security monitoring teams are able to respond quickly to potential cyber threats.
According to the Congressional Research Service of the US government, the total number of IoT devices in operation will reach 21.5 billion in 2025. IoT device connections will make up about two-thirds of all connections by 2025, despite the fact that non-IoT device connections will also increase.
North America has a robust technological infrastructure, strong research and development skills, and a history of embracing cutting-edge technologies first. Particularly in sectors like finance, healthcare, and technology, North America is subject to many cyber threats and attacks. The region's heightened focus on data protection and cybersecurity has prompted the adoption of cutting-edge security technologies like UEBA. In 2021, more than 600,000 people were working in the private security services business, according to some analysts' estimates. The rise in crime, the dearth of public security resources, the greater efforts made by the private sector to protect assets, and the increase in civic engagement are some variables influencing spending on safety and security. Therefore, this region offers the market a wealth of expansion opportunities.
The US market dominated the North America 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 $2,654.7 Million by 2030. The Canada market is experiencing a CAGR of 34.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 33.1% 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 U.S., Mexico, Canada, and Rest of North America.
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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