Identity Analytics Market by Trends, Dynamic Innovation in Technology and 2027 Forecasts Covid-19 Analysis | Expert Review
Research Reports
Mar 10, 2022
According to Market Research Future (MRFR), the identity analytics industry had a valuation of USD 245 million in 2017 and is anticipated to reach USD 2 billion with 30?GR from 2018 to 2023 (forecast period). The study identifies the strengths, opportunities, challenges, and emerging market risks and provides an extensive analysis of the global business environment with the effects of COVID-19.
Owing to the rapidly evolving IT environment, hackers have discovered new ways to access valuable information and disrupt business operations. Growing dependence on web applications leads to an exponential increase in cyber-attacks, including advanced persistent threats. The use of web applications for transactions and related activities has contributed to an increase in identity theft. With the advent of social networking sites, it has become easier for attackers to collect information from users. Identity access management solutions, such as identity analytics, are being adopted by organizations to combat these advanced threats.
Identity Analytics Market Dynamics
Growing instances of identity-related fraud and data breaches, high growth in networked communication, increased use of smartphones and the internet for routine tasks assisted by adoption of BYOD trend by enterprises, rising cloud adoption, and innovations in connected technology such as IoT are some of the driving factors of the industry. Nevertheless, the lack of sufficient privileged access control is one of the significant issues facing companies. Whereas, lack of expertise and compliance with dynamic regulatory requirements are some of the main factors that may impede market growth in the coming years. Furthermore, the emergence of artificial intelligence-enabled identity analytics solutions and an increase in the big data market’s growth are expected to provide a positive opportunity for market growth.
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Identity Analytics Market Key Players
The global identity analytics industry is characterized by many global, regional, and local vendors. MRFR has identified the following key players in the market –
- LogRhythm
- ID Analytics
- Novetta
- Beta Systems
- Net Owl
- Propentus
- ThreatMetrix
- SailPoint Technologies
- Verient Systems
- BrainwareGRC
- Gurucul
- IDAX Software
- NetIQ
- Oracle
- Traxion
- Hitachi ID Systems
- Evidian
- Nexis GmbH
- Anomalix
- Quantium Score
Identity Analytics Market Segmentation
The global identity analytics market has been segmented into component, deployment mode, organization size, application, and vertical.
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Based on Deployment mode
- Hybrid
- On-Premise
- On-Cloud
Based on Organization Size
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Based on Components
- Solution
- Services
- Managed services
- Professional services
- Hardware
Based on Applications
- Fraud Detection
- Data Analytics
- Evaluation and Risk Scoring
- Account Management
- Threat Management
- Others
Based on Vertical
- Solution
- Hardware
- Servers
- Security Devices
- Services
- Managed Services
- Professional Services
Identity Analytics Market Regional Analysis
Region-wise, the global identity analytics market has been segmented into North America, Europe, Asia Pacific, and the Rest of the world.
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North America leads the identity analytics market, followed by Europe and the Asia Pacific. North America, particularly the United States, is a technically advanced region due to the presence of key players like Oracle, Verint, and LogRhythm, among others. In addition, increasing cyber-attacks in the region have increased the adoption of identity analytics solutions among verticals such as government, BFSI, and defense. In addition, the government mandate regulations to reduce the rising incidence of cybercrime in the region.
Europe is the second-largest revenue-generating market for identity analytics. Developing digital technology and growing demand for advanced solutions for corporate security and public infrastructure are key factors contributing to the growth of identity analytics market in the region.
Asia Pacific is expected to rise with the fastest growing CAGR in the forecast period. Advancement in digital technology, growth in networked communication, increasing awareness of IoT and cloud, resulting in an increase in the rate of adoption of connected devices, and improving economies of countries such as India, Japan, and Australia are some of the main factors in the growth of the identity analytics market in the region.
This report provides:
- An in-depth overview of the global market for Identity Analytics.
- Discoveries of new market prospects and targeted marketing methodologies for Global Identity Analytics
- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- The growth in patient epidemiology and market revenue for the market globally and across the key players and market segments.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analysing trends in authorizing and co-development deals.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
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