Identity Analytics Market Share to Expand at 30% CAGR by 2023

Market Overview

Hackers are constantly finding new ways of accessing information and disrupting business operations, owing to the rapid changes in the IT environment. This has led to a rising dependency on web applications that lead to an unprecedented rise in the number of cyber-attackers which involve advanced persistent threats. The use of web applications for the purchase and related activities has led to a rise in the number of identity thefts. Owing to the emergence of social networking sites, it has become easier for the attackers to extract user information. Hence, for the mitigation of these threats, organizations from various end-user industry verticals are estimated to start the adoption of identity analytics software and solutions to aid in better identity access management.

The global Identity Analytics Market Share is estimated to upscale at a robust CAGR of 30% over the forecast period. This growth rate is concluded by research experts at Market Research Future (MRFR), who also mention that the global Identity Analytics Market Share is likely to touch a market revenue valuation of USD 1 to 2 billion by the end of 2023. This fast-paced burgeoning of the market can be owed to the rising instances of identity related frauds and data breaches, increasing adoption of smartphones and the internet, and a high growth in networked communication. Further, routine tasks are now carried out using smartphones, along with the adoption of BYOD trend by enterprises are also creating supportive environment for the global Identity Analytics Market Share to grow.

Apart from this, an increasing adoption of cloud and the development of connected technology like IoT is also promoting the growth of the Identity Analytics Market Share. However, the lack of adequate privileged access control is likely to create a hindrance in the market growth for identity analytics. Further, the development of artificial intelligence has enabled identity analytics solutions. Upscaling growth of the big data market is also estimated to contribute to the growth of the global Identity Analytics Market Share.

Key Players

Some prominent players in the global Identity Analytics Market Share include Oracle, Verint Systems, LogRhythm, Quantum Secure, NetIQ, Hitachi ID Systems, SailPoint Technologies ,Gurucul, Evidian, Brainwave GRC, ID Analytics, Nexis GmbH, IDAX Software, Novetta, Net Owl, Anomalix, Traxion, Propentus, Beta Systems and ThreatMetrix.

Market Segmentation

The global Identity Analytics Market Share is studied for a segmentation that is based on deployment mode, component, application, organization size, vertical, and region. Based on component, the global Identity Analytics Market Share is segmented into solution, hardware, and services. The hardware segment is further segmented into security devices and servers. The service segment is further segmented into professional services and managed services.

By deployment, the global Identity Analytics Market Share is segmented into on-premise, on-cloud, and hybrid. Based on organization size, the global Identity Analytics Market Share is segmented into SMEs and large enterprises. Based on application, the global Identity Analytics Market Share is segmented into fraud detection, account management, threat management, risk scoring and evaluation, and data analytics. Based on vertical, the global Identity Analytics Market Share is segmented into retail, manufacturing, It and telecommunication, government and defense, BFSI, energy and utilities, healthcare, and transportation.

Detailed Regional Analysis

The global Identity Analytics Market Share is studied for the regional segmentation of North America, Europe, Asia Pacific, and Rest of the World. North America is estimated to dominate the global Identity Analytics Market Share. Europe is likely to take on a similar growth trajectory and garner the second largest share of the global Identity Analytics Market Share, followed by Asia Pacific trailing in the third position. North America, especially the US has a sophisticated technological infrastructure. Further, there is a large presence of several players in the global Identity Analytics Market Share. Increasing cyber-attacks in the region has also led to a rise in the adoption of identity analytics solutions among other verticals residing in the region.

LIST OF TABLES

Table 1 Identity Analytics Market Share, By Region, 2018–2023

Table 2 North America: Identity Analytics Market Share, By Country, 2018–2023

Table 3 Europe: Identity Analytics Market Share, By Country, 2018–2023

Table 4 Asia-Pacific: Identity Analytics Market Share, By Country, 2018–2023

Table 5 Rest Of The World: Identity Analytics Market Share, By Region, 2018–2023

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LIST OF FIGURES

FIGURE 1 Global Identity Analytics Market Share Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Identity Analytics Market Share

FIGURE 4 Value Chain/Supply Chain Of Global Identity Analytics Market Share

FIGURE 5 Share Of Global Identity Analytics Market Share In 2017, By Country (In %)

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