Identity Analytics Market

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

Report Code: TC 6825 Jan, 2019, by marketsandmarkets.com

[154 Pages Report] Identity analytics is the next evolution of Identity, Governance, and Administration (IGA). Identity analytics solutions combine the power of big data and advanced analytics and help to detect identity-based risks across organization’s IT infrastructures. Traditional identity and access management solutions are not capable of detecting and mitigating identity thefts efficiently. Identity analytics solutions are gaining traction due to the increasing demand among enterprises to automate critical identity-based access provision, de-provision, and authentication. The market for identity analytics 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 the forecast period. The increasing number of identity thefts, increased need to secure users and devices from unauthorized access, and rising demand for mobility solutions will drive the growth of the market.

Identity Analytics Market

Solution segment is expected to be the largest contributor in the identity analytics market during the forecast period

Solution segment is expected to hold the largest market share in the identity analytics market. Identity analytics solutions play a vital role in processes that involve making informed decisions about user access and entitlements. These solutions leverage advanced analytics and machine learning to reduce identity access related risk. Traditional identity and access management solutions are not capable of detecting and mitigating identity thefts efficiently. Today, organizations are moving toward adopting new technologies such as advanced analytics and machine learning solutions to ensure continuous compliance. Identity analytics solutions are gaining traction due to the increasing demand among enterprises to automate critical identity-based access provision, de-provision, and authentication.

SMEs segment is expected to grow at the fastest rate in the identity analytics market during the forecast period.

SMEs segment is estimated to grow at the highest CAGR during the forecast period due to the need to streamline the business processes cost-effectively. The adoption of identity analytics solutions is currently in experimentation in most of the SMEs. However, the adoption rate in the SMEs segment is expected to increase significantly in the coming years owing to the low infrastructure costs and transparency.

IT and telecom industry vertical accounts for the largest market size in the identity analytics market in 2018

The IT and telecom industry vertical is expected to hold the largest market share in the identity analytics market in 2018. The IT and telecom sector requires identity management solutions on a large scale due to the huge volumes of information produced on a daily basis in these organizations. The rise in identity-based risks in this industry vertical is driving the adoption of identity analytics solutions.

Identity Analytics Market

North America is expected to hold the largest market size during the forecast period.

North America is estimated to account for the largest market share in the identity analytics market. Early adoption of identity analytics and the emergence of several vendors that provide identity analytics solutions are expected to drive market growth in the region. Businesses in this region have recognized the potential of advanced analytics for delivering enhanced customer experiences. Hence, they have started adopting identity analytics solutions to secure the users and devices across enterprises.

Key Market Players in Identity Analytics Market

Major vendors in the identity analytics market include 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), ID Analytics (US), Nexis GmbH (Germany), Confluxsys (US), IDAX Software(UK), Okta (US), Novetta (US), Prolifics  (US), NetOwl (US), Anomalix (US), Traxion (Netherlands), and ThreatMetrix (US).

Gurucul is one of the prominent players in the identity analytics market. The company is revolutionizing the way enterprises protect themselves against frauds, insider threats, and external intruders. The company’s actionable risk intelligence product protects enterprises against targeted and under-the-radar attacks. As a part of its growth strategy, the company focuses on launching new products and services to stay ahead in the identity analytics market. For instance, recently, in May 2018, Gurucul launched Gurucul Fraud Analytics, which uses machine learning models to detect identity risks associated with frauds in financial, healthcare, and retail industry verticals. This solution has further helped the company enhance its risk management capabilities and establish itself as a leading player in the identity analytics market.

LogRhythm is another leading company that specializes in identity analytics solutions. The company’s identity analytics includes a number of capabilities for capturing the user identity information to help detect critical events, identity-related risks, and suspicious user activities. It focuses on adopting organic and inorganic growth strategies such as new product launches, business expansions, and partnerships. The company is trying to deliver identity analytics solutions in the global market by embedding innovations in its offerings. Similarly, it is rapidly expanding its market reach through the strategy of business expansions to increase its customer base and presence across the globe. For instance, in 2017, LogRhythm expanded its presence in Saudi Arabia and Africa to address the threat landscape by offering its advanced solutions to organizations in this region.

Recent Developments

  • In September 2018, Gurucul launched managed security analytics services based on Gurucul Risk Analytics. The Gurucul Risk Analytics platform includes UEBA, fraud analytics, identity analytics, and cloud analytics products. The newly launched service helped organizations facilitate Gurucul Risk Analytics implementation, administration, and maintenance activities.
  • In May 2018, Centrify partnered with Palo Alto Networks to integrate its analytics services along with the capabilities of Palo Alto Networks’ security operating platform. The two companies would help organizations secure their endpoints, networks, servers, and applications from identity-based threats and cyber-attacks by using the power of analytics.
  • In August 2017, One Identity launched Starling Identity Analytics & Risk Intelligence that helped organizations detect cyber threats, inspect anomalies, and remediate risks across their IT infrastructure.

Key Questions addressed by the report

  • What are new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
  • Which are the key players in the market and how intense is the competition?
  • What are the new innovations and developments done by the major market players?
  • What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the market?
  • What are the regulatory implications that impact the market directly and indirectly?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Breakup of Primary Participants’ Profiles
           2.1.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Factor Analysis
    2.4 Identity Analytics Market: Research Assumptions
           2.4.1 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Identity Analytics Market
    4.2 Identity Analytics Market, Market Share of Top 3 Applications and Regions, 2018
    4.3 Identity Analytics Market, Top 3 Solutions
    4.4 Identity Analytics Market, By Component, 2018 vs 2023
    4.5 Identity Analytics Market, By Application, 2018 vs 2023
    4.6 Identity Analytics Market, By Deployment Mode, 2018
    4.7 Identity Analytics Market, By Organization Size, 2018
    4.8 Identity Analytics Market, By Industry Vertical, 2018 vs 2023
    4.9 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 38)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Increasing Instances and Sophistication of Identity-Related Frauds and Data Breaches Resulting in Heavy Loss of Revenue
                    5.1.1.2 Stringent Regulatory and Compliance Requirements to Drive the Adoption of Identity Analytics Solutions
                    5.1.1.3 Increasing Adoption of Enterprise Mobility and Byod Trends
           5.1.2 Restraints
                    5.1.2.1 Budget Constraints Affecting the Adoption of Identity Analytics Solutions
           5.1.3 Opportunities
                    5.1.3.1 Proliferation of Cloud-Based Identity Analytics Solutions and Services
                    5.1.3.2 Introduction of Ml/Ai-Powered Identity Analytics Solutions
           5.1.4 Challenges
                    5.1.4.1 Lack of Awareness Regarding Identity Analytics Solutions and Services
    5.2 Regulatory Implications
           5.2.1 General Data Protection Regulation
           5.2.2 Payment Card Industry Data Security Standard
           5.2.3 Health Insurance Portability and Accountability Act
           5.2.4 Federal Information Security Management Act
           5.2.5 Gramm-Leach-Bliley Act
           5.2.6 Sarbanes-Oxley Act
           5.2.7 The International Organization for Standardization 27001
    5.3 Innovation Spotlight
           5.3.1 Sailpoint Technologies
           5.3.2 Brainwave GRC

6 Identity Analytics Market, By Component (Page No. - 45)
    6.1 Introduction
    6.2 Solution
           6.2.1 High Demand for Solution in Asia Pacific to Drive the Market Growth
    6.3 Services
           6.3.1 Growing Demand for Services in North America to Drive the Market Size During the Forecast Period

7 Identity Analytics Market, By Service (Page No. - 49)
    7.1 Introduction
    7.2 Professional Services
           7.2.1 Increasing Need for Technical Support to Boost the Growth of Professional Services
    7.3 Managed Services
           7.3.1 Managed Services to Continue to Gain Popularity During the Forecast Period

8 Identity Analytics Market, By Application (Page No. - 53)
    8.1 Introduction
    8.2 Account Management
           8.2.1 Focus on Detecting Dormant Accounts and the Misuse of Privileged Accounts to Drive the Adoption of Account Management Application
    8.3 Customer Management
           8.3.1 Growing Need for Securing Consumer Credentials to Create Opportunities for Customer Management Applications
    8.4 Fraud Detection
           8.4.1 Rising Identity-Related Thefts to Increase the Need for Fraud Detection Application
    8.5 GRC Management
           8.5.1 Focus on Streamlining the Entire Business Process to Spur the Demand for GRC Application
    8.6 Identity and Access Management
           8.6.1 Easy Integrations of Identity Analytics With Organization’s Existing Applications to Provide Better Visibility
    8.7 Others

9 Ntity Analytics Market, By Deployment Mode (Page No. - 61)
    9.1 Introduction
    9.2 On-Premises
           9.2.1 On-Premises Deployment Mode Enables Organizations to Manage Platforms, Applications, Systems, and Data on Their Own
    9.3 Cloud
           9.3.1 Cost-Effectiveness of Cloud-Based Offerings to Drive Their Adoption

10 Identity Analytics Market, By Organization Size (Page No. - 65)
     10.1 Introduction
     10.2 Small and Medium-Sized Enterprises
             10.2.1 Small and Medium-Sized Enterprises to Drive the Adoption of Cloud-Based Solution
     10.3 Large Enterprises
             10.3.1 Need to Manage Huge Volumes of Identity-Related Information to Boost the Adoption of Identity Analytics Solution Among Large Enterprises

11 Identity Analytics Market, By Industry Vertical (Page No. - 69)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
             11.2.1 Increasing Instances and Sophistication of Identity Frauds in Financial Transactions to Fuel the Growth of Identity Analytics Market
     11.3 Government and Defense
             11.3.1 Increasing Need to Protect the Sensitive Credentials of Citizens and Employees to Boost the Market Growth in Government and Defense Vertical
     11.4 IT and Telecom
             11.4.1 IT and Telecom Companies Deploy Identity Analytics Solution to Address the Challenges Related to the Security and Privacy of Digital Identities
     11.5 Energy and Utilities
             11.5.1 Identity Analytics Solution to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Vertical
     11.6 Manufacturing
             11.6.1 Manufacturing Vertical is Increasingly Adopting Identity Analytics Solution to Manage Identity Access for Suppliers, Partners, and Customers
     11.7 Retail
             11.7.1 Increasing Complexities in Managing Access Control to Spur the Demand for Identity Analytics Solution in Retail
     11.8 Healthcare
             11.8.1 Rising Identity Thefts to Drive the Need for Identity Analytics Solution in Healthcare Vertical
     11.9 Others

12 Identity Analytics Market, By Region (Page No. - 79)
     12.1 Introduction
     12.2 North America
             12.2.1 United States
                        12.2.1.1 Early Adoption of Technologies and High Focus on Innovations to Boost the Market Growth in the United States
             12.2.2 Canada
                        12.2.2.1 Adoption of Identity Analytics Solutions Across Verticals to Drive the Market Growth in Canada
     12.3 Europe
             12.3.1 United Kingdom
                        12.3.1.1 Focus on Securing Users’ Identities and Addressing GDPr Requirements to Drive the Market in the United Kingdom
             12.3.2 Germany
                        12.3.2.1 Need for Improving Business Facilitation Processes and Operational Efficiency is Expected to Push the Demand for Identity Analytics Solutions in Germany
             12.3.3 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
                        12.4.1.1 Increasing Adoption of Enterprise Mobility Solutions to Spur the Demand for Identity Analytics Solution in Asia Pacific
             12.4.2 India
                        12.4.2.1 Expanding Identity Analytics Startup Ecosystem Across India
             12.4.3 Australia and New Zealand
                        12.4.3.1 Increasing Instances of Identity-Related Theft and Fraudulent Activities to Proliferate the Demand for Identity Analytics Solutions Across Anz
             12.4.4 Rest of Asia Pacific
     12.5 Middle East and Africa
             12.5.1 Middle East
                        12.5.1.1 Growing Awareness About Compliance Management to Boost the Growth of Identity Analytics Market Across the Middle East
             12.5.2 Africa
                        12.5.2.1 Emergence of Technology Hubs Across Countries Such as Nigeria and Kenya to Drive the Growth of the Identity Analytics Market in the African Sub-Region
     12.6 Latin America
             12.6.1 Brazil
                        12.6.1.1 Rapid Surge in Web and Mobile-Based Applications to Increase the Demand for Identity Analytics Solutions in Brazil
             12.6.2 Mexico
                        12.6.2.1 Integration of the Identity Analytics Solutions With the Traditional Identity and Access Management Solutions to Fuel the Growth of the Identity Analytics Market
             12.6.3 Rest of Latin America

13 Competitive Landscape (Page No. - 103)
     13.1 Overview
     13.2 Competitive Scenario
             13.2.1 Partnerships, Agreements, and Collaborations
             13.2.2 New Product Launches/Product Enhancements
             13.2.3 Mergers and Acquisitions
             13.2.4 Business Expansions

14 Company Profiles (Page No. - 108)
     14.1 Introduction
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     14.2 Oracle
     14.3 Verint Systems
     14.4 Logrhythm
     14.5 Happiest Minds
     14.6 Gurucul
     14.7 Quantum Secure
     14.8 Hitachi ID Systems
     14.9 Sailpoint Technologies
     14.10 Centrify
     14.11 Prolifics
     14.12 Anomalix
     14.13 One Identity
     14.14 Evidian
     14.15 Brainwave GRC
     14.16 ID Analytics
     14.17 Nexis GmbH
     14.18 Confluxsys
     14.19 IDAX Software
     14.20 Netiq
     14.21 Okta
     14.22 Novetta
     14.23 Netowl
     14.24 Traxian
     14.25 Threatmetrix
     14.26 Venafi

*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 147)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (69 Tables)

Table 1 Identity Analytics Market Size and Growth, 2016–2023 (USD Million, Y-O-Y %)
Table 2 Identity Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 3 Solution: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 4 Services: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 5 Identity Analytics Market Size, By Service, 2016–2023 (USD Million)
Table 6 Professional Services: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 7 Managed Services: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 8 Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 9 Account Management: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 10 Customer Management: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 11 Fraud Detection: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 12 GRC Management: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 13 Identity and Access Management Market Size, By Region, 2016–2023 (USD Million)
Table 14 Others: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 15 Identity Analytics Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 16 On-Premises: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 17 Cloud: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 18 Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 19 Small and Medium-Sized Enterprises: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 20 Large Enterprises: Identity Analytics Market Size, By Region 2016–2023 (USD Million)
Table 21 Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 22 Banking, Financial Services, and Insurance: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 23 Government and Defense: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 24 IT and Telecom: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 25 Energy and Utilities: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 26 Manufacturing: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 27 Retail: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 28 Healthcare: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 29 Others: Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 30 Identity Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 31 North America: Identity Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 32 North America: Identity Analytics Market Size, By Service, 2016–2023 (USD Million)
Table 33 North America: Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 34 North America: Identity Analytics Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 35 North America: Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 36 North America: Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 37 North America: Identity Analytics Market Size, By Country, 2016–2023 (USD Million)
Table 38 Europe: Identity Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 39 Europe: Identity Analytics Market Size, By Service, 2016–2023 (USD Million)
Table 40 Europe: Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 41 Europe: Identity Analytics Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 42 Europe: Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 43 Europe: Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 44 Europe: Identity Analytics Market Size, By Country, 2016–2023 (USD Million)
Table 45 Asia Pacific: Identity Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 46 Asia Pacific: Identity Analytics Market Size, By Service, 2016–2023 (USD Million)
Table 47 Asia Pacific: Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 48 Asia Pacific: Identity Analytics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 49 Asia Pacific: Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 50 Asia Pacific: Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 51 Asia Pacific: Identity Analytics Market Size, By Country, 2016–2023 (USD Million)
Table 52 Middle East and Africa: Identity Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Identity Analytics Market Size, By Service, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Identity Analytics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Identity Analytics Market Size, By Sub-Region, 2016–2023 (USD Million)
Table 59 Latin America: Identity Analytics Market Size, By Solution 2016–2023 (USD Million)
Table 60 Latin America: Identity Analytics Market Size, By Service 2016–2023 (USD Million)
Table 61 Latin America: Identity Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 62 Latin America: Identity Analytics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 63 Latin America: Identity Analytics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 64 Latin America: Identity Analytics Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 65 Latin America: Identity Analytics Market Size, By Country, 2016–2023 (USD Million)
Table 66 Partnerships, Agreements, and Collaborations, 2016–2018
Table 67 New Product Launches/Product Enhancements, 2016–2018
Table 68 Mergers and Acquisitions, 2016–2018
Table 69 Business Expansions, 2017–2018


List of Figures (33 Figures)

Figure 1 Global Identity Analytics Market: Research Design
Figure 2 Research Methodology
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 5 Factors: Impact Analysis
Figure 6 The Global Identity Analytics Market to Witness A Significant Growth During the Forecast Period
Figure 7 North America to Account for the Highest Market Share in 2018
Figure 8 Fastest-Growing Segments of the Identity Analytics Market
Figure 9 Increasing Instances of Identity-Related Frauds, and Growing Need for Regulatory and Compliance to Drive the Demand for Identity Analytics Solutions
Figure 10 Identity and Access Management Segment and North America to Account for the Highest Market Shares in 2018
Figure 11 Identity and Access Management Segment to Account for the Highest Market Share in 2018
Figure 12 Services Segment to Show A Higher Growth Rate During the Forecast Period
Figure 13 Fraud Detection Segment to Grow at the Highest Rate During the Forecast Period
Figure 14 On-Premises Segment to Account for A Higher Market Share in 2018
Figure 15 Large Enterprises Segment to Account for A Higher Market Share in 2018
Figure 16 BFSI Segment to Show the Highest Growth Rate During the Forecast Period
Figure 17 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 18 Identity Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Fraud Detection Application to Grow at the Highest CAGR During the Forecast Period
Figure 22 Cloud Deployment Mode to Grow at A Higher CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Enterprises to Grow at A Higher CAGR During the Forecast Period
Figure 24 Banking, Financial Institutions, and Insurance Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 25 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By the Leading Players in the Identity Analytics Market for 2016–2018
Figure 29 Key Market Evaluation Framework
Figure 30 Oracle: Company Snapshot
Figure 31 SWOT Analysis: Oracle
Figure 32 Verint Systems: Company Snapshot
Figure 33 SWOT Analysis: Verint Systems

The study involved 4 major activities to estimate the current market size for the identity analytics market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of companies offering identity analytics solutions globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

The identity analytics market comprises several stakeholders such as identity analytics solution vendors, government agencies, network solution vendors, Independent Software Vendors (ISVs), consulting firms, IT service providers and distributors, cybersecurity providers, identity and access management solution vendors, cloud service providers, infrastructure providers, Value-Added Resellers (VARs), and communication service providers. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the identity analytics market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, identity analytics experts, identity and access management experts, and innovation directors, and related key executives from various key companies and organizations operating in the identity analytics market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the identity analytics market space.

Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The following figure depicts the breakup of primary respondents’ profiles:

Identity Analytics Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the identity analytics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.

Report Objectives

  • To define, segment, and project the global market size for identity analytics market
  • To define, describe, and forecast the identity analytics market by component, services, application, deployment mode, organization size, industry vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the identity analytics market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders by identifying the high-growth segments of the identity analytics market
  • To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America
  • To profile the key players in the identity analytics market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments such as new product launches, mergers and acquisitions, and partnerships, agreements, and collaborations in the global identity analytics market

Scope of the report


Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD)

Segments covered

Component, Services, Application, Deployment Mode, Organization Size, Industry Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies Covered

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), ID Analytics (US), Nexis GmbH (Germany), Confluxsys (US), IDAX Software(UK), Okta (US), Novetta (US), Prolifics  (US), NetOwl (US), Anomalix (US), Traxion (Netherlands), and ThreatMetrix (US)

This research report categorizes the identity analytics market based on component, services, application, deployment mode, organization size, industry vertical, and region.

On the basis of component, the identity analytics market has been segmented as follows:

  • Solutions
  • Services

On the basis of services, the identity analytics market has been segmented as follows:

  • Professional Services
  • Managed Services

On the basis of application, the identity analytics market has been segmented as follows:

  • Customer Management
  • Fraud Detection
  • Governance, Risk and Compliance Management
  • Identity and Access Management
  • Account Management
  • Others (Asset Management and Audit Management)

On the basis of deployment mode, the identity analytics market has been segmented as follows:

  • On-premises
  • Cloud

On the basis of organization size, the identity analytics market has been segmented as follows:

  • Large Enterprises
  • SMEs

On the basis of vertical, the identity analytics market has been segmented as follows:

  • BFSI
  • Government and Defense
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Retail
  • Healthcare
  • Others (Media & Entertainment, Travel and Transportation, and Education)

On the basis of region, the identity analytics market has been segmented as follows:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Australia and New Zealand (ANZ)
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Middle East
    • Africa
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives the detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American identity analytics market
  • Further breakup of the European identity analytics market
  • Further breakup of the APAC identity analytics market
  • Further breakup of the MEA identity analytics market
  • Further breakup of the Latin American identity analytics market

Company Information

  • Detailed analysis and profiling of the additional market players
Report Code
TC 6825
Published ON
Jan, 2019
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Marie Steelle

Senior Research analyst- MarketsandMarkets

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