Global Identity Analytics Market Scenario According to Market Research Future (MRFR), the global Identity Analytics Market had a valuation of USD 245 million in 2017 and is anticipated to reach USD 2 billion with 30% CAGR from 2018 to 2023 (forecast period). The study identifies the strengths, opportunities, challenges, and emerging market risks and provides an extensive analysis of the global business environment with the effects of COVID-19. Owing to the rapidly evolving IT environment, hackers have discovered new ways to access valuable information and disrupt business operations. Growing dependence on web applications leads to an exponential increase in cyber-attacks, including advanced persistent threats. The use of web applications for transactions and related activities has contributed to an increase in identity theft. With the advent of social networking sites, it has become easier for attackers to collect information from users. Identity access management solutions, such as identity analytics, are being adopted by organizations to combat these advanced threats. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7427 Market Dynamics Growing instances of identity-related fraud and data breaches, high growth in networked communication, increased use of smartphones and the internet for routine tasks assisted by adoption of BYOD trend by enterprises, rising cloud adoption, and innovations in connected technology such as IoT are some of the driving factors of the industry. Nevertheless, the lack of sufficient privileged access control is one of the significant issues facing companies. Whereas, lack of expertise and compliance with dynamic regulatory requirements are some of the main factors that may impede market growth in the coming years. Furthermore, the emergence of artificial intelligence-enabled identity analytics solutions and an increase in the big data market's growth are expected to provide a positive opportunity for market growth. Market Segmentation The global identity analytics market has been segmented into component, deployment mode, organization size, application, and vertical. By component, the global identity analytics market has been segmented into hardware, solution, and services. The hardware segment is further divided into security devices and servers. Whereas, the services segment is further divided into professional and managed services By deployment, the global identity analytics market has been segmented into on-premise, oncloud, and hybrid. By organization size, the global identity analytics market has been segmented into SMEs and large enterprises By application, the global identity analytics market has been classified into account management, fraud detection, threat management, risk scoring and evaluation, data analytics, and others.
Identity Analytics Market 2021 COVID-19 Pandemic Impact, Sales Revenue, Competitive Analysis 2027
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