Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global User And Entity Behavior Analytics Market size is expected to reach $10.6 billion by 2030, rising at a market growth of 32.2% CAGR during the forecast period.
The Solution segment acquired maximum revenue in the Global User And Entity Behavior Analytics Market by Component in 2022; thereby, achieving a market value of $7.5 Billion by 2030. With the aid of cutting-edge technologies like ML, behavioral analytics, and AI, companies provide software and licenses to customers to assist them in locating and identifying vulnerabilities. The UEBA solutions reduce the need for IT analysts by being able to recognize even the smallest changes in user behavior.
The Healthcare & Lifesciences segment would register a CAGR of 32.8% during (2023 - 2030). The small and medium enterprises segment garnered a remarkable growth rate in the user and entity behavior analytics market in 2022. Small and medium-sized businesses are the most lucrative and simple target sector for cyber attackers because of the security infrastructures, lack of awareness, and technological expertise. Growing technical capabilities in user and entity behavioral analytics services provide extremely accurate and economical services to identify possible dangers.
The Large Enterprises segment is leading the Global User And Entity Behavior Analytics Market by Organization size in 2022; thereby, achieving a market value of $6.1 Billion by 2030. The expanding risks of cyberattacks, security lapses, and the susceptibility of devices to compromise due to the increased use of connected devices continue to be serious issues. Large corporations are particularly attractive targets for attackers because of their usage of open networks, remote working practices, and lack of security measures in conventional enterprises.
The On-premise segment would witness a CAGR of 30.2% during (2023 - 2030). On-premise solutions and software options for user and entity behavior analytics give businesses more control and security assurance over their networks, apps, and devices. Additionally, based on their emphasis areas, specifications, and dynamic security environment, it provides enterprises with the greatest flexibility.
The North America region dominated the Global User And Entity Behavior Analytics Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.7 Billion by 2030. The Europe market is poised to grow at a CAGR of 32% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 33.1% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Organization size
By Deployment Mode
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