Global Identity Analytics Market Share, Industry Trends and Forecast 2024-2032

How Big is the Identity Analytics Market?

The global identity analytics market size reached US$ 1,325.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,117.5 Million by 2032, exhibiting a growth rate (CAGR) of 15.9% during 2024-2032.

Industry Overview of Identity Analytics

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.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/identity-analytics-market/requestsample

What are the growth prospects and trends in the identity analytics industry?

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.

Leading Companies Operating in the Global Identity Analytics Industry:

• 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.
• Verint Systems Inc.

Identity Analytics Market Report Segmentation:

The report has segmented the market into the following categories:

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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