Identity Analytics Market Development Status , Potential Players And Worldwide Opportunities

6.9.2023: Identity Analytics Market is expected to reach USD 5440.27 Mn. by 2029, at a CAGR of 30.5% during a forecast period.

Identity Analytics Market Report Scope and Research Methodology

Report Scope:

Identity Analytics is an intelligent Identity and Access Management (IAM) solution, leveraging Big Data, Artificial Intelligence (AI), and Machine Learning (ML) technologies to process data from multiple sources. It provides actionable insights into identity-related data, facilitates risk assessment, streamlines entitlement management, and enhances identity governance processes, including risk reporting and automation of access certification and policy enforcement.

Research Methodology:

This report is a comprehensive analysis of the Identity Analytics market. It covers past and current industry status, forecasts market trends, and includes in-depth data analysis presented in an accessible format. The report encompasses a study of key market players, including leaders, followers, and new entrants. It employs PORTER and PESTEL analyses to assess micro-economic factors' potential impact on the market.

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What are Identity Analytics Market Dynamics?

Drivers:

Growing complexity of identity-related data and increasing fraud incidents lead to revenue losses for organizations, driving adoption of identity analysis solutions.
Corporate mobility and Bring Your Own Device (BYOD) trends promote identity analysis adoption for personal-centric compliance monitoring.
Technological advancements such as AI and ML-powered identity analytics solutions enhance access control and security measures, creating revenue growth opportunities for market players.
Restraints:

Limited knowledge and skills to manage complexities hinder market growth.
Frequent software upgrades make it easier for hackers to compromise security, necessitating robust fraud prevention and detection.
Market growth is hampered by a lack of awareness and high deployment costs of identity analytics.

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Identity Analytics Market Segmentation?

The solution segment, which is dominant and held the biggest market share in 2022, is based on component. These tools reduce the risk of identity access using cutting-edge analytics and machine learning. The detection and mitigation of identity theft are ineffective with conventional identity and access management technologies. Enterprises are increasingly relying on cutting-edge technologies, such as advanced analytics and machine learning solutions, to maintain ongoing compliance. Additionally, as businesses look to automate key identity-based access provisioning, de-provisioning, and authentication, identity analytics solutions are increasing popularity.

According to Industry Verticals, the IT and telecom sector held the largest market share in 2022 because all organisations produce a lot of information every day, and because identity-based risk is increasing in the sector, which makes it easier to adopt identity analytics solutions. The development of the IT and telecom sectors is also aided by the expanding industrialisation and population growth in developed nations.

Who are Identity Analytics Market Key Players?

1. Oracle
2. Verint Systems
3. Logrhythm
4. Happiest Minds
5. Gurucul
6. Quantum Secure
7. Hitachi ID Systems
8. Sailpoint Technologies
9. Centrify
10. Prolifics
11. Anomalix
12. One Identity
13. Evidian
14. Brainwave GRC
15. ID Analytics
16. Nexis GmbH
17. Confluxsys
18. IDAX Software
19. Netiq
20. Okta
21. Novetta
22. Netowl
23. Traxian
24. Threatmetrix
25. Venafi

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Regional Insights:

North America leads the market with a share in 2022. The region has seen early adoption of identity analytics and the introduction of multiple manufacturers offering identity analytics solutions. The adoption of cloud deployment is rising in the United States and Canada, enhancing competitiveness.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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