New York, July 18, 2023 (GLOBE NEWSWIRE) -- The global identity analytics market was worth US$980.3 million at the end of 2021 and is expected to grow to US$5.82 billion by 2032, at a 17.7% CAGR over the next ten years.
Identity analytics is a field that focuses on analyzing and managing user identities and access privileges within an organization. It involves the use of advanced analytics techniques to gain insights into user behavior, access patterns, and potential security risks. By leveraging identity analytics, organizations can enhance their identity and access management (IAM) practices, strengthen security, and ensure compliance with regulatory requirements.
Market Overview
Identity analytics involves leveraging advanced algorithms and machine learning techniques to gain insights into user behaviors, detect anomalies, and streamline access controls. By monitoring and analyzing user activities across various systems and applications, organizations can enhance security, detect potential threats, and ensure regulatory compliance.
Supercharge Your Business Strategy with Market Intelligence: Request Your Free Sample Copy now@ https://www.persistencemarketresearch.com/samples/32607
Methodology
The information presented in this research report is based on a thorough analysis of various sources, including industry reports, market studies, and expert opinions. Both primary and secondary research methods were employed to gather relevant data and insights.
Market Dynamics
Market Drivers
- Increasing security threats and the need for robust identity and access management solutions.
- Growing adoption of cloud-based applications and services, necessitating advanced identity analytics.
- Regulatory compliance requirements, such as GDPR and HIPAA, driving the demand for effective IAM practices.
- Rising awareness about insider threats and the need for user behavior analytics.
- Advancements in artificial intelligence (AI) and machine learning (ML) technologies, enabling more sophisticated identity analytics capabilities.
Market Challenges
- Complex and evolving regulatory landscape, requiring continuous updates to identity analytics solutions.
- Integration challenges with existing IAM systems and other security technologies.
- Lack of skilled professionals proficient in identity analytics.
- Concerns regarding privacy and data protection in identity analytics processes.
- High implementation and maintenance costs associated with identity analytics solutions.
Market Trends:
- Adoption of AI and ML technologies for advanced identity analytics.
- Integration of identity analytics with security information and event management (SIEM) systems.
- Focus on user behavior analytics for enhanced security.
- Increasing emphasis on continuous monitoring and adaptive authentication.
If you want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/32607
Future Outlook:
The identity analytics market is poised for significant growth in the coming years. The increasing need for identity-centric security measures, along with the rising adoption of cloud-based solutions, is expected to drive market expansion. Additionally, the integration of identity analytics with emerging technologies like AI, ML, and blockchain will further enhance its capabilities and market potential.
Some of the leading market players include: Oracle, ManageEngine AD360, IBM, Securonix, Gurucul, Confluxsys, Atos, Verint Systems, ThreatMetrix, Novetta
These companies are focused on product development, strategic collaborations, and mergers and acquisitions to strengthen their market position and expand their product portfolios.
Recent Developments
- IBM launched a cloud-based identity analytics solution with enhanced AI capabilities.
- Oracle introduced new features in its identity analytics platform for real-time threat detection.
- Microsoft announced strategic partnerships to integrate identity analytics into its security offerings.
- RSA Security launched a comprehensive risk-based identity analytics solution.
Market Segmentation
By Solution: Identity Analytics Software (Cloud-based, On-premise) Services(Professional Services, Consulting, Support & Maintenance, Training and Education) Managed Services
By Application: Customer Management, Fraud Detection, Governance, Risk, and Compliance Management, Identity and Access Management, Account Management, Others
By Organization Size: Large Enterprises, SMEs
By Industry: IT & Telecom, BFSI, Logistics & Transportation, Hospitality, Healthcare, Others
By Region: North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA)
If You Want To Know the Business Opportunity/Market Value, Purchase The Premium Insight @ https://www.persistencemarketresearch.com/checkout/32607
Regional Analysis
North America holds the largest share in the identity analytics market, owing to the presence of major market players, stringent regulations, and the high adoption of advanced technologies. Europe and Asia Pacific regions are also witnessing substantial growth due to increasing cybersecurity concerns and regulatory compliance requirements.
Other Trending Reports:
- Storage in Big Data Market Size
- Flash-Based Array Market Trends
- Consumer Network Attached Storage Nas Market Share
- End-point Security Industry
- IoT Analytics Market Share
- Nand Flash Industry
- Smart Electric Heaters Industry
- VoIP Services Industry
About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
