As cited by the research report titled ‘Global User and Entity Behavior Analytics Market Size study, by Type (Solution, Services), Deployment (On-Premises, Cloud),Vertical(Financial Services & Insurance, Retail & E-Commerce, Energy & Utility, IT & Telecom, Healthcare, Defense & Government Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global user and entity behavior analytics market was worth USD 419.76 million in 2019  and is projected to grow with a CAGR of 19.60% over 2021-2027 to be appraised at USD 9202.43 million by the end of study duration.
 

Emphasis to prevent insider threats, and growing demand for innovative security solutions are the factors acting as growth drivers for global user and entity behavior analytics market.
 

For instance, Securonix Inc. launched a global Managed Security Service Provider (MSSP) program in June 2019. The program is meant to appeal and empower managed service providers globally for enhancing their threat detection and response competences with Securonix Next-Gen SIEM.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3793439/
 

For the record, user and entity behavior analytics are used to detect financial frauds, targeted attacks, and insider threats as well as human behavioral patterns, thereby identifying the changes using mathematical analysis and algorithms. The report cites that shift of relational database systems to cloud, and intensifying data security measures are propelling the industry growth.
 

However, concerns regarding security of data, along with uncertainty in accuracy will impede the growth of global user and entity behavior analytics market over the forecast duration.
 

Based on type, worldwide user and entity behavior analytics industry is segmented into solution, and services. Speaking of end-use verticals, the marketplace is classified into financial services & insurance, healthcare, energy & utility, retail & e-commerce, IT & telecom, and defense & government including others. Moving on to deployment type, the industry space is divided into on-premises, and cloud.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are major revenue generators for worldwide user and entity behavior analytics market. Of these, North America is projected to be a major growth hub for the market over the forecast duration, owing to increasing adoption of user & entity behavior analytics solutions across several industries.
 

Whereas, Asia Pacific market is poised to grow lucratively through 2027, due to increasing cell phone users, and extensive usage of web applications along with preference for innovative security solutions.
 

Key players in worldwide user and entity behavior analytics industry include Rapid7, Dtex Systems Pty Ltd.., Sqrrl Data Inc., Niara Inc., Gurucul, Exabeam Inc., Bay Dynamics Inc., Varonis Systems Inc., Securonix Inc., and Splunk Inc.