User Activity Monitoring Market: Global Industry Analysis And Forecast (2023-2029)

Global User Activity Monitoring Market size was valued at US$ 2.71 Billion in 2022 and the User Activity Monitoring revenue is expected to grow at 20.5% through 2023 to 2029, reaching nearly US$ 10.01 Billion.
User Activity Monitoring Market Overview:
Information security abbreviated as InfosSec is the field of information security by minimizing data risks. It involves the prevention of unauthorized data access, corruption or data loss due to user errors. User Activity Monitoring is the subset of Infosec. UAM monitors various user actions which include system commands, texts entered by the user, websites visited, and any other activity that happens on a virtual machine. UAM software allows managers and business executives to collect and analyze real-time user data on their business networks.

This data is maintained in a log. The key features of User Activity Monitoring include unsafe URL blocking, keystroke logging, real-time monitoring, remote screenshot feature, etc. There are many UAM tools in the market. As per the cost of Insider Threats: Global Organization study, nearly 60% of threat attacks occurred due to negligent employee behavior, and nearly 10% involved user credential thefts. This can be efficiently mitigated through UAM software tools.To know about the Research Methodology :- Request Free Sample Report

In this report, the user activity monitoring market's growth reasons, as well as the market's many segments (Installation Type, Application, Vertical), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the user activity monitoring market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global user activity monitoring market situation.
Market Dynamics:
A major driver in the user activity monitoring market is the growing need among businesses to increase employee productivity. The UAM plays an important role in business operations optimizations. It keeps track of employee activities on business networks during their work hours and stops sensitive data breaches which can sometimes get in the hands of other competitors in the market. This trend is expected to drive the market in the forecast period (2023-2029).

A major driver in the market is the high cost of the development of user activity monitoring software. These high initial costs result in high implementation costs for consumers. Also, cyber security investment in small and medium enterprises tends to be directed towards the assets which are most important to the organization. This cost-cutting is expected to create a hindrance in the overall market growth in the same forecast period.

The main challenge in the UAM market is the protection of user privacy. It becomes very difficult for companies to implement any kind of UAM tool without compromising the confidentiality of the user. Therefore the businesses are focusing on the development of solutions that can maintain a balance between safety and user privacy. This caused many UAM vendors to create alliances with other companies to integrate UAM tools which include

Identity and Access Management (IAM) and security information and event management (SIEM).
User Activity Monitoring Market Segment Analysis:
By Application, the system monitoring segment is expected to dominate the market in the year 2029. System monitoring is used to keep a track of system resources e.g. CPU efficiency and available RAM. Application monitoring is expected to follow the system monitoring in terms of market growth. This trend can be attributed to the fact that nearly 90% of total mobile internet time is spent on mobile applications. The gap between mobile app usage and website usage is increasing with each passing day. According to the MMR, smartphone users are spend about 4 hours of their time on mobile internet and nearly 85% of that time will be spent in mobile apps. There are currently nearly 3 million apps available in the Google Playstore. These facts are expected to influence the growth of the application monitoring segment in the forecast period (2023-2029).

By Vertical, the IT & telecom segment is expected to dominate the market in the year 2029. This can be attributed to managers using UAM software to track employee activities. The second highest segment in the global UAM market is expected to be government and defense. This can be correlated with the rise in espionage activities committed by various governments around the world. Examples include the Pegasus breach committed by the Indian government in 2022 and the ghost net (a cyberespionage program from China). The energy and utility segment is expected to witness significant growth in the UAM market in the aforementioned forecast period. This can be attributed to the monitoring of hazardous situations at various nuclear power plants. E.g. the user activity logs of the engineers at Chernobyl Nuclear Power Plant were useful as evidence in their trial.
Regional Insights:
The North American region dominated the global UAM market in the year 2022. The presence of major UAM giants like Splunk and Forcepoint in the US resulted in this outcome. The booming software industry in the country is expected to drive the UAM market in the region as the number of employee’s increases in a company; more and more managers are expected to equip their company devices with user activity monitoring systems. Forcepoint alone was responsible for US$ 658 million worth of revenue.

The APAC region is expected to follow the North American region in terms of overall growth prospects in the forecast period (2023-2029). The social credit system in China is expected to be the key driver of the user activity monitoring market growth in the region. Another example includes the country’s police cloud systems which were started in 2022 to collect data from social media and internet browsing of users to track the activities of dissidents in the country. As sinister as these facts are; these are inherently responsible for the growth of the user activity monitoring market in the APAC region.

The objective of the report is to present a comprehensive analysis of the User Activity Monitoring market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the User Activity Monitoring market dynamics, structure by analyzing the market segments and project the User Activity Monitoring market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the User Activity Monitoring market make the report investor’s guide.
User Activity Monitoring Market Scope: Inquiry Before Buying



Global User Activity Monitoring Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.71 Billion.


Forecast Period 2023 to 2029 CAGR:
20.5%
Market Size in 2029:
US $ 10.01 Billion.


 Segments Covered:
by Installation Type
Proxy-based
Agent-based


by Application
System monitoring
Application Monitoring
File monitoring
Network monitoring
Database monitoring


by Vertical
Government and Defense
Banking, Financial Services, and Insurance (BFSI)
T and Telecom
Manufacturing
Energy and Utilities
Other



User Activity Monitoring Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
User Activity Monitoring Market Key Players are:
1. Splunk
2. Forcepoint
3. Micro Focus
4. Sumo Logic
5. Digital Gaurdian
6. Imperva
7. Centrify
8. SolarWinds
9. Forcepoint
10.ManageEngine
11.CyberArk
12.Dtex Systems
13.Teramind
14.Ekran System
15.NetFort
16.TSFactory
17.Veriato
18.Birch Grove Software
19.LogRhythm

FAQs:

1. Which is the potential market for User Activity Monitoring in terms of the region?
Ans. The APAC region is expected to follow the North American region in terms of overall growth prospects in the forecast period (2023-2029).

2. What are the challenges for new market entrants?
Ans. The main challenge in the UAM market is the protection of user privacy.

3. What is expected to drive the growth of the User Activity Monitoring market in the forecast period?
Ans. A major driver in the user activity monitoring market is the growing need among businesses to increase employee productivity.

4. What is the projected market size & growth rate of the User Activity Monitoring Market?
Ans. User Activity Monitoring Market size was valued at US$ 2.71 Billion in 2022 and the global User Activity Monitoring revenue is expected to grow at 20.5% through 2023 to 2029, reaching nearly US$ 10.01 Billion.

5. What segments are covered in the User Activity Monitoring Market report?
Ans. The segments covered are Installation Type, Application, Vertical and Region.