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Identity Analytics Market Size, Share and Trends Analysis 2024-2032

05 Nov

IMARC Group, a leading market research company, has recently releases report titled “Identity Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global identity analytics market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

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.

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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.

What is included in market 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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5052&flag=C

Who are the key players operating in the industry?

The report covers the major market players including:

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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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