Privacy / Security

Future of Identity Analytics – Global forecast to 2023

Identity Analytics is all about the use of an emerging set of big data and advanced analytics solutions to detect and reduce identity-related risks across an organization’s IT infrastructures and enhance Identity and Access Management (IAM) processes, such as access certification, access request, and role management.

According to a new market research report, the global identity analytics market is expected to grow from USD 291 million in 2018 to USD 1,093 million by 2023, at a Compound Annual Growth Rate (CAGR) of 30.3% during 2018-2023.

The major factors driving the growth of the identity analytics market are increasing concerns about managing stringent industry regulations and compliances, a rising number of identity-based risks across organizations, and increasing demand among enterprises to automate critical identity-based access provision, de-provision, and authentication.

Fraud detection

According to the report, the fraud detection application segment is expected to grow at the highest CAGR from 2018 to 2023. Fraud detection applications help detect fraudulent activities and the possibilities of fraud incidents happening in the future. Fraud authentication helps enterprises maintain the authenticity of transactions/information by blocking unauthorized access to information or identifying false inputs from users. Fraud detection and prevention is critical in several areas such as insurance claims, money laundering, electronic payments, bank account frauds, bank cards and check frauds, employee frauds, identity frauds and thefts, individual frauds, and investment, tax, and inheritance frauds.

Solution and services

The identity analytics market is segmented by component into solution and services. The services segment is expected to grow at the highest CAGR from 2018 to 2023. The global market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. North America, being a technologically advanced region, has the highest number of identity analytics vendors. The region has witnessed the prominent implementation of identity analytics solutions across various industry verticals such as BFSI, retail, healthcare, government, and IT and telecom. As a result, the region is expected to be the largest market for identity analytics solutions. Moreover, several industry verticals in the APAC region are investing heavily in the adoption of identity analytics solutions to streamline their internal operations and minimize costs.

The report – “Identity Analytics Market by Component (Solution and Services), Application (Account Management, Customer Management, Fraud Detection, and GRC Management), Deployment Mode, Organization Size, Industry Vertical, and Region – Global Forecast to 2023” was published by MarketsandMarkets™.

  1. gamefly free trial 8 months ago

    Appreciating the time and energy you put
    into your blog and in depth information you offer.
    It’s awesome to come across a blog every once in a
    while that isn’t the same unwanted rehashed information. Fantastic read!
    I’ve saved your site and I’m adding your RSS feeds to my Google account.

  2. gamefly free trial 8 months ago

    Simply want to say your article is as amazing.
    The clearness on your post is just great and that i can suppose you’re
    a professional on this subject. Well along with your permission let me to
    grasp your RSS feed to keep up to date with drawing close post.
    Thanks one million and please carry on the gratifying work.

  3. gamefly free trial 8 months ago

    After looking over a handful of the blog posts on your blog, I seriously appreciate your technique of
    writing a blog. I book-marked it to my bookmark website list and will be checking back soon. Please visit my website as well and let me know what you

  4. It’s very straightforward to find out any matter on web as compared to books, as I found this article at this web page.

  5. That is really attention-grabbing, You’re a very professional blogger.
    I’ve joined your feed and sit up for in search of more of your wonderful post.
    Additionally, I have shared your website in my social networks

  6. bookmarked!!, I really like your site!

  7. quest bars cheap 2 months ago

    Hmm is anyone else experiencing problems with the pictures on this blog loading?
    I’m trying to find out if its a problem on my end or if it’s the blog.

    Any responses would be greatly appreciated.

Leave a Comment

Your email address will not be published.

You may also like

Pin It on Pinterest