Identity Analytics Market Insight
Identity analytics plays an elementary role in the information and technology industry. The global Identity analytics market 2020 depends on this factor significantly, and based on this, it could expect an impactful growth of 30% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR) in an extensively studied report. At this pace, the market will be gaining a valuation of USD 1-2 billion within the same timeframe. The market earlier grabbed USD 245 million shares in 2017. The report gives a decisive picture of the Identity Analytics through market segmentation on the basis of component, application, and deployment. Furthermore, it captures the adverse effects of COVID-19 virus on each business sector of the countries. This Identity Analytics industry report helps to make the right investment in the product launch and gain huge profits.
Identity Analytics Market Top Key Players
- LogRhythm
- ID Analytics
- Novetta
- Beta Systems
- Net Owl
- Propentus
- ThreatMetrix
- SailPoint Technologies
- Verient Systems
- BrainwareGRC
- Gurucul
- IDAX Software
- NetIQ
- Oracle
- Traxion
- Hitachi ID Systems
- Evidian
- Nexis GmbH
- Anomalix
- Quantium Score
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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.
Identity Analytics Market Segmentation
The worldwide Identity Analytics Market in MRFR’s study has been segmented among component, deployment mode, organization size, application, and vertical.
By Organisation Size
- Large Enterprises
- Medium Enterprises
- Small Enterprises
By Component
- Solution
- Hardware
- Servers
- Security Devices
- Services
- Managed Services
- Professional Services
By Vertical
- Telecommunication and IT
- Defense and Government
- Utilities and Energy
- Healthcare and Transport
- Manufacturing and Retail
- BFSI
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By Application
- Fraud Detection
- Data Analytics
- Evaluation and Risk Scoring
- Account Management
- Threat Management
- Others
By Deployment
- Hybrid
- On-Premise
- On-Cloud
Identity Analytics Market Regional Analysis
Market Research Future (MRFR) has covered key regions of Europe, Asia-Pacific, North America, and Rest of the world.
The region of North America is leading the identity analytics market. North America, especially U.S is a technically advanced region. The incidence of key players such as Verint systems, Oracle, and LogRhythm among others have invested maximum in the market making it more valuable. With this, the rising cyber-attacks in the region have also increased the adoption of identity analytics solutions in verticals such as BFSI, government, and defense.
Europe is the second highest revenue generating market for identity analytics. The developing digital technology and rising demand for advanced solutions for security in the enterprises and public infrastructure are the foremost factors liable for the growth of identity analytics in the region.
Asia-Pacific is also proposed to expand with the fastest growing CAGR during the assessment period. The development in digital technology, growth in networked communication, rising awareness about IoT and cloud resulting into increasing adoption rate of connected devices, and improving economics of countries such as Japan, India and Australia are some of the key factors for the growth of identity analytics market in the region.
Identity Analytics Market Drivers
- Increasing instances of indentity related frauds and data breaches
- High growth in networked communication
- Increasing adoption of smart phones and internet for routine task
- Increasing adoption cloud
- The growing Identity Analytics Market Trends will open new opportunities for business organizations.
Identity Analytics Market Restraints
One of the major restraining factors that are hindering market growth is the lack of knowledge and skills to handle the complexities.
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Report Overview
The report overview of the Identity Analytics Market Analysis is as follows
- Market Overview
- COVID-19 Analysis
- Dynamics of the Market
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Analysis
- Recent Development
Reasons for Buying This Report:
- It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
- It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
- It Helps in Understanding the Key Product Segments and Their Future.
- It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
- It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
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