Identity Analytics Market size worth $ 3602.40 Million, Globally, by 2028 at 29.33% CAGR: Verified Market Research®

- Factors such as technological innovations, the increasing adaptation of identity analytics in the BFSI sector, and enterprises, spreading awareness of regulation and compliance management are the factors propelling the market growth.

JERSEY CITY, N .J., Sept. 27, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Identity Analytics Market" By Component (Services and Solutions), By Vertical (Retail, Manufacturing, IT and Telecom, Government and Defense, Energy and Utilities, BFSI), By Application (Fraud Detection, Customer Management, Account Management), and By Geography. According to Verified Market Research, the Global Identity Analytics Market size was valued at USD 460.45 Million in 2020 and is projected to reach USD 3602.40 Million by 2028, growing at a CAGR of 29.33% from 2021 to 2028.

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Browse in-depth TOC on "Identity Analytics Market"

202 - Pages
126 – Tables
37 – Figures

Global Identity Analytics Market Overview

The increasing demand for mobility solutions and the increasing rate of identity-related risks are some of the factors boosting the growth of the global Identity Analytics Market. For instance, according to a 2019 Financial Cost of Fraud Report by accounting and consulting firm Crowe, identity fraud affects the global economy $5 trillion each year, with financial losses related to digital identity fraud increased by 15% in 2020.

The fraud detection Verticals are employed to identify the fraudulent activity and risks of fraud instances happening are added prospects driving the growth of the global market. In addition, fraud verifications support the enterprises to keep up the authenticity of data and transactions by obstructing unauthorized access or also identify the incorrect input from the consumers. Furthermore, fraud prevention and detection are very important in diverse fields such as individual fraud, identity fraud, and inheritance fraud. These are some factors fuelling the growth of the global Identity Analytics Market in the forecast years.

Key Developments in Identity Analytics Market

• In 2017, LogRhythm established its footprint in Saudi Arabia and Africa to address the threat landscape by providing sophisticated solutions to enterprises in these regions.
• In May 2018, Gurucul has 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 market.

The major players in the market are LogRhythm, Oracle Corporation, Verint Systems, Quantum Secure, Inc., NetIQ, Hitachi ID Systems, SailPoint Technologies, Happiest Minds, Gurucul, Centrify.

Verified Market Research has segmented the Global Identity Analytics Market On the basis of Component, Vertical, Application and Geography.

• Identity Analytics Market , By Component
• Services
• Solutions
• Identity Analytics Market , By Vertical
• Retail
• Manufacturing
• IT and Telecom
• Government and Defense
• Energy and Utilities
• BFSI
• Others
• Identity Analytics Market , By Application
• Identity and Access Management
• Governance, Risk and Compliance Management
• Fraud Detection
• Customer Management
• Account Management
• Others
• Identity Analytics Market, By Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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