Identity Analytics Market, By Vertical (Government, BFSI, Healthcare, Manufacturing), by Application (Data Analytics, Fraud Detection), by Component (Services, Solution, Hardware), by Deployment (Hybrid) - Global Forecast till 2027
Market Overview
The global Identity Analytics Market is expected to generate a market value of USD 245 million for the year 2020. Further, the global market has predicted the Identity Analytics Market growth of USD 1-2 billion by the end of the year 2027. During the Identity Analytics Market forecast period of 2020 to 2027, the global market has aimed to achieve 30% of CAGR. Nowadays, hackers are searching for new ways to disrupt business operations and access the company's valuable information as the IT environment is changing rapidly.
The unprecedented growth in cyber-attacks and advanced persistent threats has been identified in the global market, resulting in increasing dependency on web applications. The rapid increase in identity thefts is a major concern these days due to the increasing use of web applications for purchases and other things. Moreover, the emergence of social networking sites is also increasing cyber-attacks and threats. The Identity Analytics Market is offering identity access management solutions to the industries to combat these types of issues and problems. The Identity Analytics Market trends have gained popularity due to its identity access management solutions.
There are many growth driving factors for the global market, such as increasing adoption of cloud, high growth in networked communication, increasing adoption of smartphones and the internet, development in connected technology like IoT, and increasing instances of identity-related frauds. Moreover, the Identity Analytics Market has faced various challenges due to the lack of adequate privileged access control. The lack of expertise and compliance can be the major restraints for the global market. However, the Identity Analytics Market trends have more growth opportunities with the increasing growth in the big data market and development in artificial intelligence.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7427
Market Segmentation
The Identity Analytics Market trends are classified with various segmentations such as application, vertical, deployment mode, organization size, and component. Based on the component segment, the global market is classified into services, hardware, and solution. Here, the services segment is divided into two sub-segments such as managed services and professional services. Along with that, the hardware segment is further divided into two sub-segments such as servers and security devices.
According to the deployment segments, the global market is classified into on-cloud, hybrid, and on-premise. Various industrialists prefer these deployments according to their features. Based on the organization size segments, the global market is divided into large enterprises and SMEs. These organization sizes order their demand according to the sizes. Based on the application segment, the global market is divided into various applications such as threat management, data analytics, risk scoring and evaluation, account management, fraud detection, and others. These applications are enhancing the Identity Analytics Market growth. According to the vertical segments, the global market is segmented into IT and Telecommunication, Retail, BFSI, Government and defense, transportation, healthcare, manufacturing, energy, and utilities. These verticals are increasing the growth potentials of the global market to meet its goal for the Identity Analytics Market forecast period.
Regional Analysis
The regional areas such as North America, South America, Europe, Asia-Pacific, and the Rest of the world are responsible for the increasing Identity Analytics Market growth. However, the North America region is generating more market revenue for the forecast period among all these regional areas. Along with these, the second dominating regions for the global market are held by Europe and Asia-Pacific.
Industry News
The global pandemic has affected the global market in the first half of the year 2020. This pandemic has affected its supply chain by affecting its productivity. This also led to less interest of the investors. However, the key market players have played an important role here to regrow the global market. Presently, the global market is stable and expecting to achieve its goal by the Identity Analytics Market forecast year.
Access Full Report @ https://www.marketresearchfuture.com/reports/identity-analytics-market-7427
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact
Market Research Future
Phone: +1646 845 9312
Email: [email protected]
The Identity Analytics market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Identity Analytics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/identity-analytics-market/download-sampleMarket DynamicsThe increasing instances of identity-related security threats along with a high risk of data breach in professional organizations are propelling the market growth of identity analytics market.
Additionally, increasing adoption of enterprise mobility trends, such as wireless communication networks, where identity-related risks could occur is further fueling the market growth.
The market earlier grabbed USD 245 million shares in 2017.Identity Analytics Market Key PlayersMarket Research Future has recognized some of the key players in the market, who are listed as Verint Systems, Oracle, Quantum Secure, LogRhythm, Hitachi ID Systems, NetIQ, Gurucul, SailPoint Technologies, Brainwave GRC, Evidian, Nexis GmbH, ID Analytics, Novetta, IDAX Software, Anomalix, Net Owl, Propentus, Traxion, ThreatMetrix and Beta Systems.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7427Top Impactful FactorsThe growth of identity analytics market touching sky limits accredited to some of the important factors such as rising instances of identity related frauds and data breaches, escalating adoption of Smartphones, high growth in networked communication, and internet for routine tasks that are supported by BYOD trend, mounting adoption of cloud, and development in connected technology such as IoT.
These are some of the prime driving factors of the market.In fact, the intensifying need to secure device and user from the unlawful access is invigorating growth of the global identity analytics market during the course of anticipated period.
The growing demand for mobility solutions and rising number of identity theft are other essential factors supporting growth of the global identity analytics market in coming years.
Fraud preclusion and detection are incredibly crucial in various fields such as individual fraud, identity fraud, and inheritance fraud.
These are some of the trends fueling growth of the global identity analytics market in coming years.In contrast, some factors such as lack of adequate privileged access control have been considered as one of the major challenges faced by the businesses.
Also, lack of expertise and compliance with dynamic regulatory requirements are some prime factors hindering the market growth in coming years.Check Discount @ https://www.marketresearchfuture.com/check-discount/7427Segmentation of Market: Identity Analytics MarketThe worldwide Identity Analytics Market in MRFR’s study has been segmented among component, deployment mode, organization size, application, and vertical.Depending on component segment, the market has included solution, hardware, and services.
In-depth study on Identity Analytics Market by MarketsandMarkets™ provides broad analysis on the basis of Types, Applications and key players which is useful for better decision making.According to a new market research report "Identity Analytics Market by Component (Solution and Services), Application (Account Management, Customer Management, Fraud Detection, and GRC Management), Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Identity Analytics Market projected to reach USD 1,093 million by 2023, at a CAGR of 30.3% from 2018 to 2023.Identity analytics is the next evolution of Identity, Governance, and Administration (IGA).
The major factors driving the growth of the identity analytics market are increasing concerns about managing stringent industry regulations and compliances, rising number of identity-based risks across organizations, and increasing demand for mobility solutions.Browse in-depth TOC on "Identity Analytics Market” 69- Tables 33- Figures 154- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162717155The fraud detection application segment is expected to grow at the highest CAGR from 2018 to 2023Fraud detection applications with applied analytics help detect fraudulent activities and the possibilities of fraud incidents happening in the future.
Fraud authentication helps enterprises maintain the authenticity of transactions/information by blocking unauthorized access to information or identifying false inputs from users.
As the market for identity analytics solutions continues to grow, the market for services associated with identity analytics is also expanding.
Services offered, whether managed or professional, allow enterprises to safeguard their users and devices from unauthenticated access.
The integration of advanced analytics with the traditional Identity and Access Management (IAM) solutions is changing the way businesses are conducted across varied industry verticals.The report encompasses the different strategies such as partnerships and collaborations, mergers and acquisitions, and product developments adopted by the major players to increase their market share.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=162717155Some of the major technology vendors in the identity analytics market are Oracle (US), Verint Systems (US), LogRhythm (US), Quantum Secure (US), NetIQ (US), Hitachi ID Systems (Canada), SailPoint Technologies (US), Happiest Minds (India), Gurucul (US), Centrify (US), One Identity (US), Evidian (US), Brainwave GRC (France), ID Analytics (US), Nexis GmbH (Germany), Confluxsys (US), IDAX Software(UK), Okta (US), Novetta (US), Prolifics (US), NetOwl (US), Anomalix (US), Traxion (Netherlands), and ThreatMetrix (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Identity Analytics Market report by MarketsandMarkets™ provides well-organized statistical overview on the basis of trends, market share, applications, growth factors & forecast.According to a new market research report "Identity Analytics Market by Component (Solution and Services), Application (Account Management, Customer Management, Fraud Detection, and GRC Management), Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Identity Analytics Market projected to reach USD 1,093 million by 2023, at a CAGR of 30.3% from 2018 to 2023.Identity analytics is the next evolution of Identity, Governance, and Administration (IGA).
The major factors driving the growth of the identity analytics market are increasing concerns about managing stringent industry regulations and compliances, rising number of identity-based risks across organizations, and increasing demand for mobility solutions.Browse in-depth TOC on "Identity Analytics Market” 69- Tables 33- Figures 154- PagesThe fraud detection application segment is expected to grow at the highest CAGR from 2018 to 2023Fraud detection applications with applied analytics help detect fraudulent activities and the possibilities of fraud incidents happening in the future.
Fraud authentication helps enterprises maintain the authenticity of transactions/information by blocking unauthorized access to information or identifying false inputs from users.
As the market for identity analytics solutions continues to grow, the market for services associated with identity analytics is also expanding.
Services offered, whether managed or professional, allow enterprises to safeguard their users and devices from unauthenticated access.
Some of the major technology vendors in the identity analytics market are Oracle (US), Verint Systems (US), LogRhythm (US), Quantum Secure (US), NetIQ (US), Hitachi ID Systems (Canada), SailPoint Technologies (US), Happiest Minds (India), Gurucul (US), Centrify (US), One Identity (US), Evidian (US), Brainwave GRC (France), ID Analytics (US), Nexis GmbH (Germany), Confluxsys (US), IDAX Software(UK), Okta (US), Novetta (US), Prolifics (US), NetOwl (US), Anomalix (US), Traxion (Netherlands), and ThreatMetrix (US).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
