Identity Analytics Market Analysis

Enterprise Size [Large enterprises and Small and medium-sized enterprises (SME)]

Large enterprises segment is estimated to account for identity analytics market share of more than 61.2% by the end of 2037. The growth can be attributed to the large organizations continuous investments in comprehensive solutions that address their complex identity management and security needs. Large enterprises are increasingly investing in advanced technologies such as AI and ML to improve security.  According to Our World in Data, the annual global private investment in artificial intelligence in 2021 was USD 132.36 billion. Identity analytics solutions that incorporate these technologies allow large enterprises to leverage predictive analytics, behavior analysis, and real-time threat detection for a proactive security approach.

Large enterprises have diverse access requirements, often involving multiple departments, locations, and roles. Managing privileged access is particularly critical, as misuse by high-level users can cause significant damage. Identity analytics solutions help monitor privileged accounts closely, providing insights into unusual activities and securing high-risk areas. Also, with a high volume of identity-related data, large enterprises benefit from automated identity analytics capabilities that streamline monitoring, threat detection, and reporting. Automation reduces the workload for security teams, enabling them to manage identity security at scale without sacrificing accuracy or efficiency.

Component (Solution and Service)

By component, the service segment of the identity analytics market is poised to register a significant share by the end of 2037. The growth can be attributed to the growing demand for specialized, flexible, and scalable identity analytics services. Many organizations prefer outsourcing identity analytics management to reduce operational burdens, especially as skilled cybersecurity professionals are in short supply. Managed service providers (MSPs) offer continuous monitoring, identity threat detection, and incident response, providing a turnkey solution that is appealing for resource-constrained companies.

Identity analytics solutions often need to be customized and integrated with existing IT and security infrastructure, such as IAM systems, SIEM, and endpoint security tools. Service providers assist with the deployment, integration, and configuration of identity analytics platforms, ensuring they align with the organization’s unique requirements and systems.

Our in-depth analysis of the identity analytics market includes the following segments: