User Activity Monitoring are software tools that monitor and track end user behavior on devices, network, and other company-owned IT resources. It is used by various organizations to detect and stop insider threats, whether unintentional or with malicious intent. By implementing user activity monitoring, enterprises can more readily identify suspicious behavior and mitigate risks before they result in data breaches. It is a form of surveillance but serves as a proactive review of end user activity to determine misuse of access privileges or data protection policies either through ignorance or malicious intent.
It ensures that the system used by enterprises remain safe under any circumstance by strengthening its security measures. It helps organizations to track security incidents and reduce the occurrence of major security issues, which can lead to theft of sensitive files, hijacking of accounts, malware injections, and insider threat. These factors are expected to boost the adoption of the user activity monitoring software, in turn, boosts the user activity monitoring market growth.
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Need to control and monitor employees and third-party vendors in an organization and increase in need by organization for employee productivity are the major factors that drive the growth of the user activity monitoring market. In addition, the rise in demand for robust security from organizations, increase in remote workforce, rise in concerns about cyber security, and rise in threats, fuels the growth of the user activity monitoring market. However, high cost for R&D for advancement of solution hampers the growth of the global market. Furthermore, integration of UAM with security information system and the adoption of UAM by various SME’s are anticipated to provide the major opportunities for the global market.
The user activity monitoring market is segmented into component, deployment mode, organization size, application, industry vertical and region. In terms of component, it is bifurcated into solution and services. The solution segment is further sub segmented into privileged session management, privileged identity theft, privileged compliance, SIEM log management, user auditing & reporting, and user behavior analytics.
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The service segment is further divided into consulting services, training & education, and maintenance & managed services. By deployment mode, it is categorized into on-premise and cloud. As per organization size, it is segmented into large enterprises and small & medium enterprises. By application, it is segmented into system monitoring, application monitoring, file monitoring, network monitoring, database monitoring, and others. As per industry vertical, it is categorized into BFSI, retail & agriculture, IT & telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the user activity monitoring market analysis are CyberArk Software Ltd, Centrify Corporation, Teramind Inc., TSFactory LLC., Balabit Corp, Securonix, Inc., Splunk Inc., Rapid7, Veriato Inc, and NetFort.
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