User and Entity Behavior Analytics Market is valued approximately USD 419.76 million in 2019 and is anticipated to grow with a healthy growth rate of more than 19.60 % over the forecast period 2020-2027. User and entity behavior analytics is used for detecting Financial fraud, insider threats, and targeted attacks and to analyze human behaviour patterns and then identify variances using mathematical analysis and algorithms. It is also used in big data systems including Apache Hadoop, and to analyze petabytes of data, identify and detect advanced persistent threats.
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The growing need to prevent insider threats and rising demand for advanced security solutions has led the adoption of User and Entity Behavior Analytics across the forecast period. For instance, In June 2019, Securonix launched Global Managed Security Service Provider (MSSP) Program. The program is designed to attract and empower managed service providers worldwide to enhance their threat detection and response capabilities with Securonix Next-Gen SIEM. Also, with the increasing shifting relational database systems to cloud, increasing data security measures, the adoption & demand for User and Entity Behavior Analytics is likely to increase the market growth during the forecast period. However, security of data, accuracy of data impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global User and Entity Behavior Analytics market is based on the key regions such as Latin America, North America, Middle East & Africa, Europe, and Asia-Pacific. North America accounts for the largest share in the global market due to the growing adoption of user and entity behaviour analytics solutions across various industries. Moreover, the Asia Pacific region is expected to exhibit highest CAGR due to increasing users of mobile and web applications and growing need for advanced security solutions.
Major market player included in this report are:
Splunk, Inc.
Securonix
Varonis Systems, Inc.
Bay Dynamics
Exabeam, Inc.
Gurucul
Niara, Inc.
Sqrrl Data, Inc.
Dtex Systems
Rapid7
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type
Solution
Services
By Vertical
Financial Services & Insurance
Retail & E-Commerce
Energy & Utility
IT & Telecom
Healthcare
Defense & Government
Others
By Deployment Type
On-Premises
Cloud
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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