Identity Analytics Market Insight
According to MRFR analysis, it is projected that the Identity Analytics market was valued at USD 245 million in 2017 and is estimated to reach market value of USD 1-2 billion by 2023 growing with 30% CAGR during forecast period 2021-2028. The Identity Analytics Industry report provide information about market growth analysis which includes SWOT analysis, expert review, upcoming trends and supply chain analysis. This Identity Analytics Market report featured other parts of the Identity Analytics Industry arranging, strategic plan contextual analyses, market size, and offers. It examines the world’s significant Identity Analytics Market conditions, including the product cost creation limit, supply-demand, market development rate, conjecture, etc.
Identity Analytics Market Top Market Players
- ID Analytics
- Beta Systems
- Net Owl
- SailPoint Technologies
- Verient Systems
- IDAX Software
- Hitachi ID Systems
- Nexis GmbH
- Quantium Score
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Top Impactful Factors
The 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. The study by MRFR has also revealed that the rising demand for mobility solution and growing rate of identity related risks have been influential factors positively boosting growth of the global identity analytics market.
Furthermore, fraud detections applications are also highly being utilized to detect the fraud activity and risks happening are another prospects propelling 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.
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Segmentation of Market: Identity Analytics Market
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
- Security Devices
- Managed Services
- Professional Services
- Telecommunication and IT
- Defense and Government
- Utilities and Energy
- Healthcare and Transport
- Manufacturing and Retail
- Fraud Detection
- Data Analytics
- Evaluation and Risk Scoring
- Account Management
- Threat Management
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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.
Major Points from TOC:
- Global Identity Analytics Market Overview
- Executive Summary
- Production and Capacity by Region
- Production, Revenue, Price Trend by Type
- Key Players Analysis
The Importance of Report
- To provide a thorough examination of the market structure, as well as predictions for the major segments and sub-segments of the global Identity Analytics market during the forecast period.
- To provide information on the factors that influence market growth.
- To conduct an initial analysis of the global Identity Analytics market utilizing various techniques, including Supplier Evaluation and Porter’s Five Forces Analysis.
- Provide historically and projected revenue for market segments and sub-segments based on regions and key countries.
- To provide country-specific market analysis in terms of current market size and prospects.
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