Identity Analytics Industry Size, Share, Growth, Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Identity Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global identity analytics industry share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Identity Analytics Market?

Report Attributes Details
Market Size in 2022 US$ 1,137 Million
Market Forecast in 2028 US$ 3,134 Million
Growth rate (2023 to 2028) CAGR of 17.6%
Base Year of the Analysis 2022
Forecast Period 2023-2028


What is Identity Analytics?

Identity analytics refers to the intelligent identity and access management (IAM) system that detects threats across the information technology (IT) sector. It aids in shared high privileged access (HPA) and authenticating dormant users, thereby mediating terminated account issues and reducing the chances of unusual activities. Identity analytics also assists enterprises in improving security operations, minimizing manual efforts, and providing innovative solutions for dynamically managing decisions. As a result, it finds widespread applications across various sectors, such as telecom, BFSI, government, manufacturing, healthcare, retail, etc.

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What are the growth prospects and trends in the Identity Analytics Industry?

The escalating instances of online fraudulent activities and cyberattacks are primarily driving the identity analytics market. Besides this, the growing adoption of work-from-home (WFH) and bring your own device (BYOD) models at workplaces, on account of the sudden outbreak of the COVID-19 pandemic, is further augmenting the market growth.

Apart from this, the development of connected technologies, including cloud-based solutions, artificial intelligence (AI), and the Internet of Things (IoT), for adding a security layer to eliminate surface area attacks is also catalyzing the global market. Moreover, the inflating number of mergers and acquisitions (M&As) between companies to expand their existing portfolios is acting as another significant growth-inducing factor.

Furthermore, the elevating requirement for these systems in the banking, financial services and insurance (BFSI) industry to provide a seamless customer experience and decrease interruptions during banking operations is anticipated to propel the identity analytics market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Analytics Type:

  • Descriptive Analytics
  • Diagnostic Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Breakup by Component:

  • Software
  • Services

Breakup by Deployment:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Industry Vertical:

  • BFSI
  • Telecom and IT
  • Government
  • Manufacturing
  • Retail
  • Healthcare
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Anomalix Inc., Brainwave GRC, Confluxsys LLC, Evidian, Forgerock Inc., Gurucul Solutions Pvt Ltd., Hitachi ID Systems Inc, Nexis GmbH, Okta Inc., One Identity LLC (Quest Software Inc.), Oracle Corporation, Securonix Inc. and Verint Systems Inc.

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