NEW YORK, April 20, 2017 /PRNewswire/ -- ThetaRay, a global leader in big data anomaly detection, today announced that it was cited in Gartner's March 2017 Forecast Snapshot: User and Entity Behavior Analytics, Worldwide, 2017 report. The company was also mentioned in Gartner's March 2017 Invest Implications: Forecast Snapshot: User and Entity Behavior Analytics, Worldwide, 2017 report.
The reports discuss the User and Entity Behavior Analytics (UEBA) market and its growth potential in the coming years. Gartner defines the market as offering "profiling and anomaly detection based on a range of analytics approaches. Vendors use packaged analytics to evaluate the activity of users and other entities (hosts, applications, network traffic and data repositories) to discover potential incidents commonly presented as an activity that is anomalous to the standard profiles and behaviors of users and entities."
"We are pleased that the market is increasingly recognizing the need for innovative threat detection solutions that utilize advanced analytics, and honored that Gartner has included ThetaRay in this report," said Mark Gazit, CEO of ThetaRay.
Gartner estimates that "end-user spending on UEBA stand-alone platforms will grow at a CAGR of 48%, from $50 million in 2015 to $352 million in 2020. By comparison, in the same period, the overall information security market will grow at a CAGR of 7%, while the security information and event management market will grow at a CAGR of 9%... Growth is fueled by buyer demand for insider threat and compromised account detection features missed by legacy security monitoring systems that lack advanced analytics.
The reports can be obtained at https://www.gartner.com/doc/3621357?ref=AnalystProfile&srcId=1-4554397745
ThetaRay is dedicated to helping clients at large financial organizations, cyber security divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.