Identity Analytics Market Overview

According to Maximize Market Research, a renowned global business research and consultancy firm, the total global market for the "Identity Analytics Market" was valued at US$ 844 Mn. in 2022 and is expected to reach US$ 5440.27 Mn. by 2029, at a CAGR of 30.5% during a forecast period.. This growth is attributed to various factors such as technological advancements, increasing demand for the product/service, expanding market penetration, and favorable industry trends.

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Identity Analytics Market Drivers and Restraints

Increasing concerns and a growing number of instances related to the complexity of identity-related data and fraud violations have resulted in high revenue losses for large organizations’ transactions. This is a factor that is expected to increase the adoption of identity analysis solutions by various organizations around the world, which is expected to drive the growth of the potential market during the forecast period. Increasing adoption of corporate mobility and bring your own device (BOYD) trends have led to high adoption of identity analysis. Because identity analysis provides personal-centric compliance monitoring for business users, auditors, IT managers, and compliance officers through devices connected to the network. The above factors are expected to promote the growth of the target market. Increasing R&D technological activities, as well as the introduction of machine learning (Ml) or artificial intelligence (AI)-powered identity analytics solutions to reduce the risk of access control-related deficiencies and security violations, are factors that are expected to create significant revenue growth opportunities for global market players.

Identity Analytics Market Regional Insights

The report presents a comprehensive Regional Analysis, covering the current status of the Identity Analytics market in different countries. It includes a detailed examination of factors, market size, growth rate, and import-export dynamics within regions. The analysis is conducted at both local and country levels, encompassing North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa as the broad segments for the Identity Analytics market.

Identity Analytics Market Segmentation

by Component

Solution
Services


The solution segment, which is dominant and held the biggest market share of xx% in 2022, is based on component. These tools reduce the risk of identity access using cutting-edge analytics and machine learning. The detection and mitigation of identity theft are ineffective with conventional identity and access management technologies. Enterprises are increasingly relying on cutting-edge technologies, such as advanced analytics and machine learning solutions, to maintain ongoing compliance. Additionally, as businesses look to automate key identity-based access provisioning, de-provisioning, and authentication, identity analytics solutions are increasing popularity.

by Industry Verticals

BFSI
Government and Defense
IT and Telecom
Energy and Utilities
Manufacturing
Others

According to Industry Verticals, the IT and telecom sector held the largest market share in 2022 because all organisations produce a lot of information every day, and because identity-based risk is increasing in the sector, which makes it easier to adopt identity analytics solutions. The development of the IT and telecom sectors is also aided by the expanding industrialisation and population growth in developed nations.

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Identity Analytics Market Key Players

1. Oracle
2. Verint Systems
3. Logrhythm
4. Happiest Minds
5. Gurucul
6. Quantum Secure
7. Hitachi ID Systems
8. Sailpoint Technologies
9. Centrify
10. Prolifics
11. Anomalix
12. One Identity
13. Evidian
14. Brainwave GRC
15. ID Analytics
16. Nexis GmbH
17. Confluxsys
18. IDAX Software
19. Netiq
20. Okta
21. Novetta
22. Netowl
23. Traxian
24. Threatmetrix
25. Venafi

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Key questions answered in the Identity Analytics Market are:

What is Identity Analytics ?
What was the Identity Analytics market size in 2022?
What are the different segments of the Identity Analytics Market?
What growth strategies are the players considering to increase their presence in Identity Analytics ?
What are the upcoming industry applications and trends for the Identity Analytics Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Identity Analytics Market?
Who are the key players in the Identity Analytics market?
What major challenges could the Identity Analytics Market face in the future?
What segments are covered in the Identity Analytics Market?
Who are the leading companies and what are their portfolios in Identity Analytics Market?
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