The User And Entity Behavior Analytics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s User And Entity Behavior Analytics Global Market Report 2024, The user and entity behavior analytics market size has grown exponentially in recent years. It will grow from $1.78 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 34.5%. The growth in the historic period can be attributed to rise in insider threats, advanced persistent threats (apts), regulatory compliance mandates, security incident detection and response, insight into user activities.
The user and entity behavior analytics market size is expected to see exponential growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 34.1%. The growth in the forecast period can be attributed to machine learning and ai advancements, iot device proliferation, endpoint security integration, behavioral analytics for fraud prevention, automation of incident response. Major trends in the forecast period include machine learning for anomaly detection, integration with security information and event management (siem), cloud-native ueba solutions, focus on insider threat detection, user and entity risk scoring.
The rising number of IoT and cloud-based connected devices is expected to propel the growth of the user and entity behavior analytics (UEBA) market going forward. IoT (Internet of Things) refers to the network of interconnected physical devices that communicate and share data with each other through cloud-based services. IoT and cloud-connected devices are used in user and entity behavior analytics (UEBA) to provide real-time data and comprehensive insights into user interactions, enabling more accurate threat detection and proactive security measures. For instance, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, in 2022, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the rising number of IOT and cloud-based connected devices is driving the growth of the user and entity behavior analytics (UEBA) market.
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The user and entity behavior analytics market covered in this report is segmented –
1) By Type: Solution, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Financial Services And Insurance, Retail And Ecommerce, Energy And Utilities, IT And Telecom, Healthcare, Defense And Government, Other Verticals
Major companies operating in the user and entity behavior analytics market are leveraging artificial intelligence to improve precision. AI-driven cloud anomaly detection is a new capability that helps security teams detect unknown threats in their cloud environments with more precision to avoid excess noise and false positives. For instance, in November 2023, Rapid7, a US-based software company, launched cloud anomaly detection, an AI-powered capability for enhanced cloud security. It outperforms traditional rule-based methods by accurately identifying unknown threats in the cloud while minimizing false positives. Currently in early access, this feature operates without the need for agents, instead scrutinizing application programming interface (API) activity via audit logs. It establishes distinctive activity profiles for cloud entities, automatically detects behavioral anomalies, and rapidly assesses potential concerns within 10 minutes, utilizing insights from past data. Additionally, these innovative engines significantly enhance threat detection in cloud environments, offering a proactive approach to security.
The user and entity behavior analytics market report table of contents includes:
1. Executive Summary
2. User And Entity Behavior Analytics Market Characteristics
3. User And Entity Behavior Analytics Market Trends And Strategies
4. User And Entity Behavior Analytics Market – Macro Economic Scenario
5. Global User And Entity Behavior Analytics Market Size and Growth
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26. South America User And Entity Behavior Analytics Market
27. Brazil User And Entity Behavior Analytics Market
28. Middle East User And Entity Behavior Analytics Market
29. Africa User And Entity Behavior Analytics Market
30. User And Entity Behavior Analytics Market Competitive Landscape And Company Profiles
Top Major Players:
- Microsoft Corporation
- Amazon Web Services Inc
- International Business Machines Corporation
- Cisco Systems Inc
- VMWare LLC
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