Impact of COVID-19 on User and Entity Behavior Analytics
New York, May 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Impact of COVID-19 on User and Entity Behavior Analytics Market; Segmented:: By Component, By Deployment Type, By End user, And Region – Global Market Size, Share and Trend Analysis 2019-2020 and Forecast to 2031” – https://www.reportlinker.com/p06272881/?utm_source=GNW
Banking fraud, insider threats, and targeted attacks can all be detected using user and entity behavior analysis. This method is used to analyze patterns of human behavior and then find deviations using statistical analysis and algorithms. When end users collaborate, malware can become dormant and undiscovered. Rather than trying to figure out where the stranger has entered, user and entity behavior analysis uses algorithms to detect insider threats, allowing for faster detection. In big data platforms like Apache Hadoop, user and entity behavior analytics solutions are used to analyze petabytes of data, detect insider risk, and detect sophisticated persistent threats. The data collected is evaluated to identify various patterns of human behavior used to identify strange behaviors and threats.
The global user and entity behavior analytics market is expected to project a notable CAGR of 40.6% in 2031.
The increase in cyber threats faced by insiders in enterprises, along with the inability of standard security systems to detect these insider threats, is driving the global market. Additionally, the global market is expected to be driven by a lack of skilled security professionals who understand the privacy risk faced by users, as organizations are expected to prefer behavioral analytics solutions that rely on ML to identify these threats with minimal human interaction.
Global Analysis of User and Entity Behavior: Segments
Solution Components Segment Expected to Grow with Highest CAGR in 2021-31
On the basis of component, user and entity behavior analysis market, solution and services have been segmented. Threats, compromised identities, data loss prevention and other solution segments are used to categorize the market. Insider threats in the solution segment provides the highest share of the global user and entity behavior analytics market over the forecast period. Because companies know the critical need to prevent insider breaches, measures against insider threats are in a growing market. Organizations are spending heavily on hazard-detection analytical solutions to expose security issues that cybercriminals might abuse, driving the UEBA solution economy, which is driving the market for smart technologies and security solutions.
Financial Services and Insurance Segment Expected to Grow with Highest CAGR in 2021-31
By end users, the market is segmented into government and defense, energy and utilities, healthcare, retail and e-commerce, financial services and insurance, IT and telecommunications, others. The risk of cybercrime increases as the number of customers in the insurance, accounting and finance sectors increases. As a result, these companies typically use UEBA as it provides customers with instant access to deposit and payment services. UEBA systems enable rapid threat detection and inform the organization of a wide range of behavioral patterns and potential insider threats, drawing end users to market.
Growing demand for real-time analytics.
Using User & Entity Behavior Analytics expands the security perimeter to include closed networks, users, cloud service providers, as well as weird and smart endpoints. User behaviors are monitored and evaluated using UEBA systems, which provide real-time, continuous monitoring. Learn more about the COVID-19 outbreak Many industries have been pushed to operate online due to the impact, which has increased the cybersecurity risk and therefore the demand for UEBA.
Growing adoption of a user-centric approach
The obligation to prevent insider risk to which users are exposed is one of the beneficial elements of the market. Due to the growing volume of data breaches and huge investments in threat prevention technologies, the demand for user and entity behavior analytics is expected to increase rapidly throughout the projection period. With the growing demand for advanced security solutions, enterprises are investing heavily in attack detection analytics solutions to reveal security issues that criminals can exploit, driving the demand for user behavior analytics solutions and entities. Internal threats, information security, external attacks and identity and access management are all covered by this system.
Shortage of trained security personnel and lack of public awareness
Shortage of qualified security personnel and lack of awareness of advanced insider threats are two challenges hampering the growth of user and entity behavior analytics industry. Additionally, the growth of the global market is hampered by a user-centric approach and insufficient budget allocation for user and behavior analytics solutions.
Global Analysis of User and Entity Behavior: Key Players
Amazon Web Services, Inc.
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Bay Dynamics, Inc.
Dtex Systems Inc.
Varonis Systems, Inc.
Other top players
Global Analysis of User and Entity Behavior: Regions
The global User and Entity Behavior Analytics market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. Due to the growing use of consumer and organizational functional analytics solutions, the North American region is expected to hold the largest global market share throughout the forecast period. The increase in user behavior analytics security can be attributed to the growing use of mobile and online applications in the industry, as well as the need for security solutions that can detect data risks. Due to the increase in investments in security surveillance technology for the protection of citizens, the market is expected to rise over the forecast period. Additionally, the government is investing in artificial intelligence, 5G, cloud, IoT and networks.
Impact of Covid-19 on the User and Entity Behavior Analytics Market
The devastating impact of the widespread COVID-19 pandemic has stifled the growth potential of the User and Entity Behavior Analytics Market. As a result of the COVID-19 outbreak, many industries have been forced to operate online, which increases cybersecurity risk and hence the need for UEBA has increased. The International User and Entity Behavior Analytics (UEBA) technology market is expected to grow rapidly due to growing digital presence, providing new opportunities over the forecasted period.
Global User and Entity Behavior Analytics is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global User and Entity Behavior Analytics report also contains analysis on:
User and entity behavior analysis segments:
Solution (Insider Threats, Compromised Credentials, Data Loss Prevention and others)
Services (implementation and continuous optimization)
By type of deployment
On the site
Per end user
Financial services and insurance
Retail and e-commerce
Energy and Utilities
IT & Telecom
Defense & Government
Dynamics of user and entity behavior analysis
User and entity behavior analysis size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the User and Entity Behavior Analytics market report
Report attribute details
The value of the market size in 2021 USD 645.6 million
Revenue projections in 2031 USD 19,481.6 million
CAGR growth rate of 40.6% from 2021 to 2031
The base year for the 2020 estimate
Quantitative Units Revenue in Million USD and CAGR from 2021 to 2031
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Segments Covered Component, Deployment Type, End User and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Key Companies Featured Amazon web services Inc., Bay Dynamics, Inc., Dtex Systems Inc., Exabeam, Inc., Gurucul, Rapid7 Inc., Securonix, Inc., Splunk, Inc., Varonis Systems, Inc. and others important companies Players
Read the full report: https://www.reportlinker.com/p06272881/?utm_source=GNW
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