Industry Background:
User activity monitoring is defined as the software tools which mainly monitoring as well as the recording of user actions for information security. Several benefits of user activity monitoring are track time spent in different session states, track IP addresses and bandwidth usage by user, monitor connections to servers made via RD gateway, monitor user activities in real time, audit user’s logging activities, inspect total time connected, among others.
According to AMA, the market for User Activity Monitoring is expected to register a CAGR of 25.4% during the forecast period to 2026. This growth is primarily driven by The requirement for Enhanced Control over Employees as well as Third-Party Vendors in Enterprises, Growing Need among Organizations to Optimize Employee Productivity, Lack of Experts in the Cybersecurity Profession and Stringent Regulatory Compliances as well as Adoption of the Best UAM Practices.
Globally, a noticeable market trend is evident UAM solutions include numerous technologies, such as log management, auditing & reporting, among others. The Technology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Micro Focus (United Kingdom), Splunk (United States), Forcepoint (United States), Imperva (United States), ManageEngine (United States), CyberArk (United States), Rapid7 (United States), Centrify (United States), SolarWinds (United States) and Securonix (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In February 2019, the Actimize Company has introduced autonomous financial crime management to the AML category, the new suspicious activity monitoring solution detects complex financial crime while increasing productivity. Therefore, it will affect the growth of the market in the future
Market Drivers
- The requirement for Enhanced Control over Employees as well as Third-Party Vendors in Enterprises
- Growing Need among Organizations to Optimize Employee Productivity
- Lack of Experts in the Cybersecurity Profession
- Stringent Regulatory Compliances as well as Adoption of the Best UAM Practices
Market Trend
- UAM solutions include numerous technologies, such as log management, auditing & reporting, among others
Restraints
- The issue regarding the High Cost of Innovation for Developing Robust UAM Solutions
Opportunities
Rising Demand for Integration of user activity monitoring solutions with IAM and SIEM and Growing Demand from Emerging Economics such as China, India, Brazil, among others
Challenges
Problem related to Managing the User Privacy and Lack of Awareness of User Activity Monitoring
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, User Activity Monitoring Study Sheds Light on
The User Activity Monitoring Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the User Activity Monitoring industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where User Activity Monitoring industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.