Identity Analytics Market Size and Growth Rate:
Identity
Analytics Market Size was valued at USD 512 million in 2017 and is expected to
reach USD 3,619.8 million by the end of 2025, with increasing at a CAGR of
27.8% from 2018 to 2025.
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details of 100 number of pages research report developed on Identity
Analytics Market @ https://www.researchcosmos.com/reports/identity-analytics-market/105470117
Identity Analytics Market Overview:
Identity
analytics is very important in IT technology to have complete protection from
the threats. These machines will analyze functionality utilized in the
management and increase the efficiency of identity. It predicts the risk of
access and intimates to the manager where they under take the precautions and
rectify the problem before it is going to happen. These systems are automatic and do not require
man power to access the process. The identity analytics reduces the threats and
also provide high security. They also detect fraud transactions by accessing
certifications of the user and also through artificial intelligence.
Identity Analytics Market Growth Drivers and Restraints:
The
growing prevalence of the identity-based access provision and authentication is
majorly accelerating the growth of the market. In addition, the rapid
increasing of cybercrime and hacking is surging the demand of the identity
analytics market. The support from
government in investment on the IT sector is also propelling the growth of the
market.
However,
lack of skilled people in monitoring the functionalities and accessing them
effectively is slightly declining the growth of the market. Lack of
standardization and rapid changes in the economic strategies are left as
challenging factors in this market.
The
increased demand to have secure users from unauthorized access is setting up
the growth opportunities for the market. Implementation of strict rules by
government to enhance the efficiency to lower the infrastructure costs is
lavishing the demand of the identity analytics market.
Geographical Overview of Identity Analytics Market:
Geographically,
the market is segmented into Asia Pacific, North America, Europe, Middle East
and Africa. Asia Pacific is holding highest revenue shares of the market. The
quick adoption of latest technological developing and launching different
software to analyze access securely is boosting up the demand of the market. Following
Asia Pacific, North America is witnessed in leading the dominant shares of the
market with the increased industrialization and also rise in the threats from
unauthorized users. Europe is next in leading the shares of the market with the
rise in support from government in investments and also increased scale of IT
industries. Middle East and Africa are projected to have fastest growth rate in
the coming years.
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Key Players of Identity Analytics Market:
Some of
the prominent players included in the identity analytics market are Oracle
(US), Verint Systems (US), LogRhythm (US), Quantum Secure (US), NetIQ (US),
Hitachi ID Systems (Canada), SailPoint Technologies (US), Happiest Minds
(India), Gurucul (US), Centrify (US), One Identity (US), Evidian (US),
Brainwave GRC (France), and so on.
Identity Analytics Market Segmentation:
By Component:
·
Software
·
Services
By Deployment:
·
On-Premise
·
Cloud
By Organization Type:
·
Small
and Medium Enterprises
·
Large
Enterprises
By Analytics Type:
·
Descriptive
Analytics
·
Diagnostic
Analytics
·
Predictive
Analytics
·
Prescriptive
Analytics
By Industry:
·
BFSI
·
Telecom
and It
·
Government
·
Manufacturing
·
Retail
·
Healthcare
By Region:
·
North
America
·
South
America
·
Europe
·
Asia
Pacific
·
Middle
East and Africa
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