The latest research study “Identity Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global identity analytics market size 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 refers to the intelligent identity and access management (IAM) system that detects threats across the information technology (IT) sector. It aids in shared high privileged access (HPA) and authenticating dormant users, thereby mediating terminated account issues and reducing the chances of unusual activities. Identity analytics also assists enterprises in improving security operations, minimizing manual efforts, and providing innovative solutions for dynamically managing decisions. As a result, it finds widespread applications across various sectors, such as telecom, BFSI, government, manufacturing, healthcare, retail, etc.
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Identity Analytics Market Trends and Drivers:
The escalating instances of online fraudulent activities and cyberattacks are primarily driving the identity analytics market. Besides this, the growing adoption of work-from-home (WFH) and bring your own device (BYOD) models at workplaces, on account of the sudden outbreak of the COVID-19 pandemic, is further augmenting the market growth.
Apart from this, the development of connected technologies, including cloud-based solutions, artificial intelligence (AI), and the Internet of Things (IoT), for adding a security layer to eliminate surface area attacks is also catalyzing the global market. Moreover, the inflating number of mergers and acquisitions (M&As) between companies to expand their existing portfolios is acting as another significant growth-inducing factor.
Furthermore, the elevating requirement for these systems in the banking, financial services and insurance (BFSI) industry to provide a seamless customer experience and decrease interruptions during banking operations is anticipated to propel the identity analytics market over the forecasted period.
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.
Identity Analytics Companies:
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.
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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