Identity Analytics Market Analysis, Trends, Industry Report 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.
An identity analytics solution is an intelligent identity and access management (IAM) system that detects potential identity-related threats across information technology (IT) systems. It can authenticate inactive users, share high-privileged access (HPA) to prevent abnormal activity, and revoke privileges for dormant or terminated accounts. It can also improve the security operations of an organization, implement dynamic decision-making solutions, and minimize the need for manual intervention. As a result, identity analytics are gaining immense traction among retail, manufacturing, telecom, government, and healthcare sectors.
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Identity Analytics Market Trends and Drivers:
The market is primarily driven by the increasing incidences of cyberattacks and online fraud across various industrial verticals. In addition, the rising digitization and the sudden COVID-19 outbreak resulted in the implementation of work-from-home and bring-your-own-device (BYOD) models at workplaces resulting in the risk of data vulnerability thus, contributing to the market growth.
Moreover, the integration of the internet of things (IoT), artificial intelligence (AI), and cloud-based solutions for adding another security layer to destroy surface area attacks represents another major growth-inducing factor. Besides this, the widespread product adoption by small and medium-sized enterprises (SMEs) and the banking, services, and insurance (BFSI) industry to reduce disruptions during banking operations and improve the customer experience is propelling the market growth.
Furthermore, the growing popularity of online payments and collaborations and mergers and acquisitions (M&As) among key market players to expand their portfolios are creating a favorable market outlook.
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Global Identity Analytics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
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:
• Software
• Services
Breakup by Deployment:
• On-premises
• Cloud-based
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Industry Vertical:
• BFSI
• Telecom and IT
• Government
• Manufacturing
• Retail
• Healthcare
• Others
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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