The Asia Pacific User And Entity Behavior Analytics Market would witness market growth of 33.1% CAGR during the forecast period (2023-2030).
The rising sophistication and complexity of cyberattacks are one of the factors impacting the market's growth. According to the International Trade Administration, cyberattacks in Singapore rose by 145% year over year (YoY) in 2021. There were almost 2 million attacks in Singapore in Q2 2022. Singapore is the most expensive region in the Asia Pacific, with an average cost of SGD 1.7 million (USD 1.3 million) for a cybersecurity breach.
Due to their increased sophistication, classic security measures like firewalls, secure online gateways, and other organizational preventative tools are now easily breached by cyber attackers and hackers. As many legacy solutions soon become obsolete, user and entity behavior analytics play a crucial role in modern enterprises as a cybersecurity defense mechanism. UEBA monitors devices by keeping track of all the performing actions taken by users and entities within the system, in addition to security incidents.
This region is home to a sizable and growing number of businesses, as well as rising cybersecurity worries and a changing regulatory environment. The region's expanding use of digital technologies and significant investments in cybersecurity systems fuel demand for UEBA tools. Additionally, there is a growing digitization of society in the region's emerging economies, including India, China, and Southeast Asian nations, as well as an increase in cyber threats. These elements support the expanding use of UEBA technologies to strengthen security protocols and defend against targeted attacks and insider threats. It is projected that increased government initiatives for cloud investments in smart cities will facilitate market expansion in the near future. High-speed network technology adoption and rising demand from developing nations are all expected to support the market's growth.
The China market dominated the Asia Pacific User And Entity Behavior Analytics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $850.6 Million by 2030. The Japan market is registering a CAGR of 32.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 33.9% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into Telecom & IT, Healthcare & Lifesciences, Manufacturing, BFSI, Retail & Ecommerce, Government & Defense, Education and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide User And Entity Behavior Analytics Market is Projected to reach USD 10.6 Billion by 2030, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
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