Market Trends of User Activity Monitoring Industry
This section covers the major market trends shaping the User Activity Monitoring Market according to our research experts:
Increasing Need Among Organizations to Optimize Employee Productivity to Drive the Market Growth
- User activity monitoring tools enable organizations to monitor and gather employees' real-time user actions and behavior data on business networks, connected devices, and other monitored workstations.
- By raising staff productivity, the UAM solution plays a significant part in maximizing enterprises' efficiency. Employees can access multiple business apps using the single sign-on solution.
- It recognizes workers and secures access restrictions. A single console administration facility is offered by integrated UAM products, which can aid in increasing visibility and complete coverage within businesses.
- Moreover, UAM solutions lower security risks and give enterprises a robust security mechanism to help them mitigate potential security threats and data loss. These technologies also assist customers in remotely accessing information via mobile devices.
- Additionally, UAM systems protect superuser credentials and sensitive company data from unwanted access and cyberattacks. The UAM solution is being used more frequently in enterprises because of its characteristics that increase employee productivity and cut costs. Consequently, it is anticipated that the UAM market will experience rapid expansion in the coming years.
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North America to Hold Major Share
- According to Cybersecurity Ventures, by 2025, cybercrime will cost businesses more than USD 10.5 trillion yearly. The estimate is based on historical data on cybercrime, including recent year-over-year growth, a sharp rise in state-sponsored and organized crime gang hacking activities by hostile nations, an anticipated order-of-magnitude increase in the cyberattack surface, and projections of how cyber defenses will fare against hackers and cybercriminals over time. Spending on cybersecurity would rise during the anticipated period as a result.
- Organizations in this region are being pushed to use UAM solutions by the rising information security concerns brought on by network complexity, demanding compliance rules, and boosting staff productivity.
- Additionally, organizations in the United States and Canada now employ user activity monitoring systems for identifying and thwarting potential insider threats of various kinds. Implementing user activity monitoring assists businesses in actively monitoring suspicious activity, mitigating risks at their beginning, and preventing or at least minimizing possible damage from data breaches.
- The U.S. majorly drives the market growth here with an established corporate sector. Similarly, several key market players are expected to drive user activity by monitoring the market's growth at a favorable rate.
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