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3. Top Companies in Identity Threat Detection and Response (ITDR) Industry - Microsoft (US), IBM (US) and CrowdStrike (US)

The global identity threat detection and response (ITDR) market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6 % during the forecast period. The escalating frequency and sophistication of cyberattacks targeting individuals' digital identities are driving the adoption of Identity Threat Detection and Response solutions. With the proliferation of digital interactions and the increasing reliance on online platforms for everyday activities, the risk of identity-related threats such as unauthorized access, identity theft, and data breaches has intensified. Organizations recognize the imperative to safeguard personal information, protect sensitive data, and preserve stakeholder trust. The pressing need to proactively detect, mitigate, and respond to identity-related threats fuels the demand for ITDR solutions as businesses strive to fortify their security posture and reduce the detrimental impact of cyber incidents on their operations and reputation.

The major players in the global identity threat detection and response market include Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US), Oort(US), Sentinelone (US), Mesh Security (US), Vectra (US), Proficio (US), Qomplx (US), Adaptive Shield ( Israel), Acalvio (US), Authomize (Israel), Illusive (US), Mindfire (UAE), Rezonate (US), Semperis (US), Silverfort (Israel), Netwrix (US), Vericlouds (US), Microminder (UK), Quorum Cyber (UK) and Mixmode (US).    The market participants have employed diverse tactics, including creating cutting-edge products, collaborations, agreements, growth, and procurements, to fortify their standing in the Identity threat detection and response industry. By offering application performance and security, the organic and inorganic methods have assisted the market players in their global expansion.

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Microsoft (US)

Microsoft is a leading technology company that provides a wide range of software for devices like computers, tablets, and servers. They also offer services like cloud computing (Azure), internet search (Bing), and mixed reality (HoloLens). Recognizing the increasing threat of attacks targeting people's identities, Microsoft offers a robust solution called ITDR. This helps organizations protect their identities better. A vital part of this solution is Microsoft Defender for Identity. It watches how users behave and can spot suspicious actions like stealing passwords or trying to get more access than allowed. Microsoft Defender for Identity works with Microsoft 365 Defender, a system that combines data from different places to spot threats better. Microsoft serves many industries worldwide, including consumer goods, education, finance, government, healthcare, manufacturing, media, retail, and telecommunications.

IBM (US)

IBM addresses the Identity Threat Detection and Response (ITDR) market through its Threat Detection and Response (TDR) services, prioritizing identity security. Their Managed Detection and Response (MDR) approach ensures continuous monitoring, analysis, and response, focusing on identity-related threats. Using AI, their X-Force Protection Platform automates alert handling, allowing for efficient prioritization of complex incidents. Identity security is integrated into their offerings, notably through the Security Verify solution, which enhances protection across multi-cloud environments. Despite lacking a standalone ITDR product, IBM's expertise and emphasis on managed services cater to organizations seeking comprehensive threat detection and response, particularly in safeguarding identities.

Crowdstrike (US)

CrowdStrike adopts a unique approach to the Identity Threat Detection and Response (ITDR) market, distinguishing itself from IBM. Their Falcon platform includes a specialized ITDR module called Falcon Identity Protection, offering real-time visibility and response capabilities for identity-related threats. Leveraging a cloud-native agent ensures scalability and minimal impact on endpoint performance, which is vital for modern IT environments. Using AI and machine learning, CrowdStrike analyzes user behavior to detect suspicious activity efficiently. Their integrated threat intelligence platform, CrowdStrike Threat Graph, provides insights into the latest attack vectors. With a focus on automation and streamlined workflows, CrowdStrike delivers a comprehensive solution for ITDR needs, emphasizing a unified platform approach.

Related Reports:

Identity Threat Detection and Response (ITDR) Market by Offering (Solutions and Services), Deployment Mode (Cloud and On-premises), Organization Size, Vertical (BFSI, Retail & Ecommerce, Government & Defence, Gaming & Gambling , IT & ITes, Telecommunications, Energy & Utilities, Education , Healthcare & Life Sciences, Other verticals), & Region - Global Forecast to 2029

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