Identity Analytics Market 2021 Global Insights and Business Scenario – Oracle Corporation, Verint Systems Inc., Hitachi ID Systems, Inc., Brainwave GRC, LogRhythm

The Global Identity Analytics Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Identity Analytics data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as Oracle Corporation, Verint Systems Inc., Hitachi ID Systems, Inc., Brainwave GRC, LogRhythm, Inc., Securonix, Inc., Gurucul Solutions Pvt Ltd., Nexis GmbH, Sailpoint Technologies Holdings Inc, Centrify Corporation, and others.

The identity analytics market is projected to grow at 15.3% CAGR during the forecast period of 2020-2025.

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Industry News:

- In June 2020, Centrify, a provider of Identity-Centric PAM solutions, unveiled the Centrify Reliance Partner Program to educate the Centrify channel partners to meet the demand for Identity-Centric PAM efficiently. The channel partner program offers a wide range of incentives and enhancements for reseller partners to improve customer satisfaction through training and enablement.

- In January 2020, LexisNexis Risk Solutions announced that it had acquired ID Analytics, which is a provider of credit and fraud risk solutions for businesses. ID Analytics’s technology offers risk insights through the combination of patented analytics, proprietary data, and near real-time cross-industry customer identity behavior.

Key Market Trends:

North America Geographic Segment is Expected to Hold a Significant Share Throughout the Forecast Period

- The primary driver for the growth of the North America geographic segment is the significant presence of technology providers and the increasing number of identity-related breaches across major industries. These players present in the region are focusing on the development of innovative solutions to stay in the regional and globally competitive landscape.
- In March 2019, there was a sensitive data breach occurs at Capital One Financial Corporation. According to the organization, nearly 106 million individuals from the United States and Canada were affected, making it one of the significant breaches recorded in United States history.
- In March 2020, SailPoint Technologies introduced identity governance for IaaS platforms and workloads. As businesses adopt a multi-cloud platform strategy across Azure, AWS, and the Google Cloud to keep pace with digital transformation, there is a growing need to govern access to all these platforms with a single identity solution.
- With the continuous changes being made and new programs are rolling out owing to the COVID-19 pandemic, including a tax due-date extension from the IRS, scammers have identified an opportunity of doing fraud. The increasing calls from IRS scammers, government healthcare organizations, and Redcross are bolstering the requirement of identity analytics solutions.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Identity Analytics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.                      

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