GLOBAL IDENTITY ANALYTICS MARKET FORECAST 2019-2027

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GLOBAL IDENTITY ANALYTICS MARKET FORECAST 2019-2027

Global identity analytics market is anticipated to witness a CAGR of 25.46% over the forecast period to reach a value of $2.21 billion by 2027. The base year considered for the market study is 2018, and the forecasted period is between 2019-2027.

GLOBAL IDENTITY ANALYTICS MARKET FORECAST 2019-2027

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Global identity analytics market is anticipated to witness a CAGR of 25.46% over the forecast period to reach a value of $2.21 billion by 2027. The base year considered for the market study is 2018, and the forecasted period is between 2019-2027.

Several factors aiding to the market growth are:

  • The rise in identity threats & related costs
  • Strengthening regulatory compliances
  • To ensure adaptive access certification by enterprises
  • Adoption by enterprises to improve identity and access management systems

There have been major security attacks related to identity thefts over the past few years. For instance, the Equifax Data Breach of 2017 exposed the sensitive personal information of 143 million Americans. It remains the largest incident of a data breach of personal information. Similarly, another most notable attack was on Adult FriendFinder. It was hacked, and around 412,214,295 million records were exposed. The information stolen included customer’s e-mail addresses, IP addresses last used to log into the site, and passwords. This sensitive data can be used in cases of identity theft, which increased the need for identity analytics solutions.

In 2018, Banking, Financial Services & Insurance dominated the end user segment by capturing the largest market share of over 26%. BFSI sector is one of the significant adopters of identity analytics, as it helps them in analyzing and managing the customer databases, portfolio management, and other related works. Moreover, by mining huge reserves of access data, BFSI organizations can meet the needs of securing critical identity and access-related data with new levels of ease and cost-efficiency. Moreover, increase in need to predict and prevent fraud can potentially help in big savings for a bank. For instance, HSBC in the United States has enhanced fraud detection, fraud case handling, and false-positive rates by using analytics to monitor the use of millions of cards.

On the other hand, the healthcare segment is expected to have the fastest CAGR of XX% during the forecast period. The medical data related to the patient or any stakeholder of the organization can be breached and used to steal one’s identity. In order to prevent these situations, the sector needs efficient Identity Access & Management (IAM) solutions. In the United States, two out of three stolen records are healthcare records. Similarly, pharmaceutical companies need IAM solutions in their research and manufacturing sites, which contain vital innovation-related data and a leak of which can be catastrophic. For instance, Astellas migrated 50 TB of data to the cloud to provide marketing analysts and data scientists with online access to pharmaceutical, clinical, and real-world data. This circumstance is expected to drive the demand for identity analytics solutions.

Though the global identity analytics market has numerous growth drivers, market growth is hindered by certain challenges. Key factors restraining the growth of the global identity analytics market are a rise in several distributed applications, cloud-based security concerns, & an increase in the complexity of IT infrastructure. Securing and managing applications and consumer data in the cloud is the major challenge that needs to be overcome by organizations. According to the report published by Cisco, around 76% of the enterprises use some form of cloud security services, out of which 40% have experienced cloud-related security incidents or breaches in the last one year.

The scope of the global identity analytics market comprises market segmentation by Component, Deployment, Organization Size, Analytics Type, End User, and Region.

Market by Components:

  • Software
  • Services

Market by Deployment Model:

  • On-Premise
  • Cloud

Market by Organization Size:

  • Small & Medium-Sized Enterprises (SMEs)
  • Large Enterprises

Market by Analytics Type:

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

Market by End User:

  • BFSI
  • Telecom and IT
  • Government
  • Manufacturing
  • Retail
  • Healthcare
  • Other End Users

Geographically, the global identity analytics market has been segmented into four major regions, which includes:

  • North America: the United States & Canada
  • Europe: United Kingdom, Germany, France, Spain, Italy & Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Singapore, South Korea & Rest of Asia Pacific
  • Rest of World: Latin America, Middle East & Africa

Geographically, North America accounted for the largest share in the identity analytics market in terms of revenue of around 41% and a revenue of approximately $XX billion in 2018. The government in the region has increased the implementation of legal regulatory and cyber laws to ensure high data protection. For instance, Identity Management Institute (IMI) in the U.S. is a global organization that identifies governance and risk management and supports various organizations to manage identity risks faced by their employees, customers, and organizations. In addition, the North American Electric Reliability Corporations (NERC) utilizes a centralized IAM system to offer a secure service to the customers. Further, growth in enterprise mobility and extensive adoption of AI and analytics has contributed toward the growth of the North America identity analytics market.

Moreover, Asia-Pacific has witnessed a high growth rate in identity analytics solutions, owing to an increase in adoption of these services by small and medium-sized enterprises and rise in several cyber-attacks. In 2016, it was estimated that approximately 60,040,396 identities were stolen (in Taiwan, China, South Korea, and Japan), depicting the need for the adoption of identity analytics across the different end-user industries. The market for identity analytics services in this region is advancing, owing to the growing demand among organizations to offer improved customer services and convenience for users. In addition, an increase in investment by several industry verticals for deploying IAM systems to prevent from identity-related risks is also the major factor that fuels the market growth in this region.

The analysis of identity analytics market segments includes analytics type, component, deployment, end-users & organization size.  In the case of deployment, the market is classified into on-premise and cloud.  Based on component, it is segmented into software and services. Organization size comprise of both large enterprises and Small & Medium-Sized Enterprises (SMEs). The end user segment is divided into retail, BFSI, manufacturing, healthcare, telecom & IT, government, and others. By analytics type, it is classified into predictive analytics, diagnostic analytics, prescriptive analytics, and descriptive analytics.

The market has a number of players, and some of the dominant players in the global identity analytics market are:

  • Gurucul,
  • Evidian,
  • Hitachi ID Systems,
  • LogRhythm,
  • Verint Systems,
  • Other Companies.

Company profiles of the key market players are discussed in detail in the report. Collaboration, partnership, acquisition, product launch, are some of the key strategies followed by companies within identity analytics market. For instance, In July 2019, LogRhythm launched a CloudAI London Data Centre (DC) in order to cater the consumers in the Europe, Middle East & Africa region.  In February 2019, Gurucul introduced a newer version of Gurucul Risk Analytics (GRA) platform with pre-built machine learning models. In February 2018, Hitachi ID Systems developed version (11.0) of its Identity and Access Management Suite.

Key findings of identity analytics market are as follows:

  • North America leads the global identity analytics market by capturing the largest market share of over 41% in 2018.
  • With enterprises increasingly investing in enterprise mobility and accepting the BYOD trend, it is likely to create a demand for the identity analytics market.
  • Predictive Analytics dominates the analytics type segment by capturing the most significant market share in 2018.
  • Identity analytics solutions provide multiple functionalities, including augmenting identity-related risk awareness and enhancing Identity Access Management (IAM) processes, which are driving the market growth.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • INCREASED SECURITY CONCERNS IN ORGANIZATIONS
      • INTEGRATION OF MACHINE LEARNING & ARTIFICIAL INTELLIGENCE IN IDENTITY ANALYTICS SOLUTIONS
      • GROWING EMPLOYMENT OF IAM SOLUTIONS FOR BUSINESS FACILITATION
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • RISE IN IDENTITY THREATS & RELATED COSTS
      • STRENGTHENING REGULATORY COMPLIANCES
      • TO ENSURE ADAPTIVE ACCESS CERTIFICATION BY ENTERPRISES
      • ADOPTION BY ENTERPRISES TO IMPROVE IDENTITY AND ACCESS MANAGEMENT SYSTEMS
    • MARKET RESTRAINTS
      • CLOUD-BASED SECURITY CONCERNS
      • DISTRIBUTED APPLICATIONS
    • MARKET OPPORTUNITIES
      • RISING FOCUS OF ENTERPRISES TOWARDS OPERATIONAL EFFICIENCY
      • TREND OF BYOD IN ENTERPRISES
      • GROWING DEMAND FROM SEVERAL END USER INDUSTRIES
    • MARKET CHALLENGES
      • INCREASE IN COMPLEXITY OF IT INFRASTRUCTURE
  1. MARKET BY DEPLOYMENT MODE
    • ON-PREMISE
    • CLOUD
  2. MARKET BY ORGANIZATION SIZE
    • SMALL & MEDIUM ENTERPRISES (SMEs)
    • LARGE ENTERPRISES
  3. MARKET BY COMPONENTS
    • SOFTWARE
    • SERVICES
  4. MARKET BY ANALYTICS TYPE
    • DESCRIPTIVE ANALYTICS
    • DIAGNOSTIC ANALYTICS
    • PREDICTIVE ANALYTICS
    • PRESCRIPTIVE ANALYTICS
  5. MARKET BY END USER
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • IT & TELECOMMUNICATION
    • GOVERNMENT
    • MANUFACTURING
    • RETAIL
    • HEALTHCARE
    • OTHER END USER
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COST
      • FEATURES
      • SCALABILITY
      • APPLICATION
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • SINGAPORE
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • ANOMALIX INC
    • BRAINWAVE GRC
    • CENTRIFY
    • CONFLUXSYS
    • EVIDIAN
    • GURUCUL
    • HAPPIEST MINDS
    • HITACHI ID SYSTEMS
    • ID ANALYTICS (SYMANTEC)
    • IDAX SOFTWARE
    • LOGRHYTHM, INC
    • NETIQ (MICROFOCUS)
    • NETOWL
    • NEXIS GMBH
    • NOVETTA
    • OKTA, INC
    • ONE IDENTITY LLC
    • SAILPOINT TECHNOLOGIES
    • THREATMETRIX
    • VERINT SYSTEMS

LIST OF TABLES

TABLE 1: GLOBAL IDENTITY ANALYTICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: INSTANCES OF IDENTITY THEFTS IN KEY GEOGRAPHIES, 2017

TABLE 3: REGULATORY FRAMEWORK IN KEY GEOGRAPHIES

TABLE 4: REGULATORY FRAMEWORK IN KEY END USER INDUSTRIES

TABLE 5: GLOBAL IDENTITY ANALYTICS MARKET, BY DEPLOYMENT MODE, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL ON-PREMISE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL CLOUD MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL IDENTITY ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL SMALL & MEDIUM ENTERPRISES (SMEs) MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL LARGE ENTERPRISES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL IDENTITY ANALYTICS MARKET, BY COMPONENTS, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL SOFTWARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL SERVICES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL IDENTITY ANALYTICS MARKET, BY ANALYTICS TYPE, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL DESCRIPTIVE ANALYTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL DIAGNOSTIC ANALYTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL PREDICTIVE ANALYTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL PRESCRIPTIVE ANALYTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL IDENTITY ANALYTICS MARKET, BY END USER, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL BANKING, FINANCIAL SERVICES & INSURANCE (BFSI) MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21: GLOBAL IT & TELECOMMUNICATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22: GLOBAL GOVERNMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23: GLOBAL MANUFACTURING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL RETAIL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 25: GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 26: GLOBAL OTHER END USER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 27: OPPORTUNITY MATRIX

TABLE 28: VENDOR LANDSCAPE

TABLE 29: GLOBAL IDENTITY ANALYTICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 30: NORTH AMERICA IDENTITY ANALYTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31: INDUSTRY WISE DATA BREACH INCIDENTS IN UNITED STATES IN 2017

TABLE 32: EUROPE IDENTITY ANALYTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 33: ASIA PACIFIC IDENTITY ANALYTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 34: REST OF WORLD IDENTITY ANALYTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL IDENTITY ANALYTICS MARKET, BY END USER, 2018 & 2027 (IN %)

FIGURE 2: AVERAGE CYBERCRIME COST IN KEY GEOGRAPHIES, AUGUST 2017 (IN $ MILLION)

FIGURE 3: GLOBAL IDENTITY ANALYTICS MARKET, BY ON-PREMISE, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL IDENTITY ANALYTICS MARKET, BY CLOUD, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL IDENTITY ANALYTICS MARKET, BY SMALL & MEDIUM ENTERPRISES (SMEs), 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL IDENTITY ANALYTICS MARKET, BY LARGE ENTERPRISES, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL IDENTITY ANALYTICS MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL IDENTITY ANALYTICS MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL IDENTITY ANALYTICS MARKET, BY DESCRIPTIVE ANALYTICS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL IDENTITY ANALYTICS MARKET, BY DIAGNOSTIC ANALYTICS, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL IDENTITY ANALYTICS MARKET, BY PREDICTIVE ANALYTICS, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL IDENTITY ANALYTICS MARKET, BY PRESCRIPTIVE ANALYTICS, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL IDENTITY ANALYTICS MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL IDENTITY ANALYTICS MARKET, BY IT & TELECOMMUNICATION, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL IDENTITY ANALYTICS MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL IDENTITY ANALYTICS MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL IDENTITY ANALYTICS MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL IDENTITY ANALYTICS MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL IDENTITY ANALYTICS MARKET, BY OTHER END USER, 2019-2027 (IN $ MILLION)

FIGURE 20: PORTER’S FIVE FORCE ANALYSIS

FIGURE 21: KEY BUYING IMPACT ANALYSIS

FIGURE 22: GLOBAL IDENTITY ANALYTICS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 23: UNITED STATES IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: IDENTITY THEFT COMPLAINTS IN UNITED STATES, BY TYPE OF CRIME IN 2017

FIGURE 25: CANADA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: UNITED KINGDOM IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: IDENTITY FRAUD CASES IN UNITED KINGDOM, 2012-2017

FIGURE 28: GERMANY IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: FRANCE IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: SPAIN IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: ITALY IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: REST OF EUROPE IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: CHINA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: JAPAN IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: INDIA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: SOUTH KOREA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: SINGAPORE IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: AUSTRALIA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: REST OF ASIA PACIFIC IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: LATIN AMERICA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: MIDDLE EAST & AFRICA IDENTITY ANALYTICS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY DEPLOYMENT MODE
    • ON-PREMISE
    • CLOUD
  2. MARKET BY ORGANIZATION SIZE
    • SMALL & MEDIUM ENTERPRISES (SMEs)
    • LARGE ENTERPRISES
  3. MARKET BY COMPONENTS
    • SOFTWARE
    • SERVICES
  4. MARKET BY ANALYTICS TYPE
    • DESCRIPTIVE ANALYTICS
    • DIAGNOSTIC ANALYTICS
    • PREDICTIVE ANALYTICS
    • PRESCRIPTIVE ANALYTICS
  5. MARKET BY END USER
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • IT & TELECOMMUNICATION
    • GOVERNMENT
    • MANUFACTURING
    • RETAIL
    • HEALTHCARE
    • OTHER END USER
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • SINGAPORE
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

 

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