According to the latest report by IMARC Group, titled “Global Identity Analytics Market Growth, Size, Share, Industry Trends, Opportunity and Forecast 2022-2027“, the global identity analytics market reached a value of US$ 946.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2,687.3 Million by 2027 exhibiting a CAGR of 18.20% during 2022-2027.
Identity analytics is a solution that detects identity-related threats across information technology (IT) systems. The process also embeds an intelligent identity and access management (IAM) system and big data technologies to authenticate dormant users and shared high privileged access (HPA), thus eliminating the chances of unusual activities, and mediating terminated accounts issues. It also improves security operations, reduces manual efforts, automates operations like certifying access and remediates policy violations. Consequently, identity analytics is increasingly gaining prominence across various industry verticals, including telecom, retail, hospitality, BFSI, and healthcare.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Identity Analytics Market Trends and Drivers:
The global identity analytics market is primarily driven by the increasing instances of fraudulent online activities and cyber-attacks across small and medium enterprises (SMEs). In recent years, the coronavirus disease (COVID-19) pandemic outbreak has resulted in the shift toward bring your own device (BYOD) and work from home (WFH) models.
This, in turn, is increasing the risk of data breaches and vulnerabilities, thereby fueling the market growth. Besides this, the integration of identity analytics with connected technologies like artificial intelligence (AI), the Internet of Things (IoT), and cloud-based solutions are enhancing security by eliminating surface area attacks.
Furthermore, key companies are undertaking mergers and acquisitions (M&A) to expand the existing portfolios, which is anticipated to propel market growth in the upcoming years.
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Global Identity Analytics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anomalix Inc., Brainwave GRC, Confluxsys LLC, Evidian, Forgerock Inc., Gurucul Solutions Pvt Ltd., Hitachi ID Systems Inc, Nexis GmbH, Okta Inc., One Identity LLC (Quest Software Inc.), Oracle Corporation, Securonix Inc. and Verint Systems Inc.
The report has segmented the market on the basis of region, analytics type, component, deployment, organization size and industry vertical.
Breakup by Analytics Type:
- Descriptive Analytics
- Diagnostic Analytics
- Predictive Analytics
- Prescriptive Analytics
Breakup by Component:
Breakup by Deployment:
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Telecom and IT
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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