Global Identity Threat Detection and Response (ITDR) Market Size To Exceed USD 70.4 Billion By 2033 | CAGR of 19.26%
Category: Information & TechnologyGlobal Identity Threat Detection and Response (ITDR) Market Size To Exceed USD 70.4 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Identity Threat Detection and Response (ITDR) Market Size is Expected to Grow from USD 12.1 Billion in 2023 to USD 70.4 Billion by 2033, at a CAGR of 19.26% during the forecast period 2023-2033.
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Browse key industry insights spread across 270 pages with 120 Market data tables and figures & charts from the report on the "Global Identity Threat Detection and Response (ITDR) Market Size, Share, and COVID-19 Impact Analysis, By Offering (Solutions and Services), By Deployment Mode (Cloud and On-premises), By Organization Size (Large Enterprises, Small and Medium Enterprises (SMEs)), By Vertical (BFSI, Retail & E-commerce, Government & Defense, Gaming & Gambling, Energy & Utilities), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/identity-threat-detection-and-response-itdr-market
Identity threat detection and response is abbreviated as ITDR. It is a security framework focused on identifying real-time identity-related threats. ITDR protects sensitive information related to identity, so only the intended user will have access to important systems and data. Cyberattacks currently focus more on user identities to gain unauthorized access. Important features of ITDR are credential threat protection, active directory threat management, and a mechanism for automated response. The ITDR market is expanding as governments implement more cybersecurity strategies. Strong mandates such as FISMA and GDPR are the most important drivers since they need powerful identity protection measures and so push for the deployment of ITDR. However, the expense and challenges of adopting compliance further limit the growth of the ITDR market.
The solutions segment is expected to hold the largest share of the global identity threat detection and response (ITDR) market during the projected timeframe.
Based on the offering, the global identity threat detection and response (ITDR) market is categorized as solutions and services. Among these, the solutions segment is expected to hold the largest share of the global identity threat detection and response (ITDR) market during the projected timeframe. The surge in identity data-related cyber risks has created a compelling demand for solutions that provide real-time monitoring, advanced analytics, and robust threat detection.
The cloud segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the deployment mode, the global identity threat detection and response (ITDR) market is categorized as cloud and on-premises. Among these, the cloud segment is expected to grow at the fastest CAGR during the projected timeframe. This expansion is due to scalability, cost-effectiveness, and cooperation capabilities. The government has been supporting cloud use as a way to improve resource efficiency in cybersecurity and facilitate adaptive security measures.
The large enterprises segment is expected to hold the largest share of the global identity threat detection and response (ITDR) market during the projected timeframe.
Based on organization size, the global Identity threat detection and response (ITDR) market is categorized as large enterprises, and small and medium enterprises (SMEs). Among these, the large enterprises segment is expected to hold the largest share of the global identity threat detection and response (ITDR) market during the projected timeframe. Large enterprises have large expenses for cybersecurity and a complicated IT infrastructure. With this comes a concern for sophisticated identity protection so they can achieve the requirements required by regulation, avoiding major dangers associated with data breaches.
The BFSI oud segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the vertical, the global identity threat detection and response (ITDR) market is categorized as BFSI, retail & e-commerce, government & defence, gaming & gambling, and energy & utilities. Among these, the BFSI segment is expected to grow at the fastest CAGR during the projected timeframe. BFSI is one of the high-valuation sectors because sensitive data is crucial, and demand by regulatory regulations has increased. Financial institutions need enhanced identity protection measures as cyberattacks and fraud risks are increasing.
North America is projected to hold the largest share of the global identity threat detection and response (ITDR) market over the projected timeframe.
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North America is projected to hold the largest share of the global identity threat detection and response (ITDR) market over the projected timeframe. This is due to major cybersecurity investments, severe regulatory requirements from government agencies, and critical stakeholders. Advanced ITDR solutions are required in North America to protect sensitive data as cyber threats grow, according to the Cybersecurity & Infrastructure Security Agency (CISA).
Asia Pacific expected to grow at the fastest CAGR growth of the global identity threat detection and response (ITDR) market during the projected timeframe. According to Asia-Pacific Economic Cooperation, cybercrime costs the area over $1 trillion every year, forcing governments to respond. Countries such as Japan and Singapore are investing more in cybersecurity infrastructure. Japan's Ministry of Internal Affairs and Communications recently announced a 20% increase in its cybersecurity budget for 2023.
Major vendors in the global identity threat detection and response (ITDR) market are Varonis, Beyondtrust, Cyberark, Proofpoint, Quest, Oort (Cisco), Sentinelone, Vectra, Proficio, Microsoft, IBM, Crowdstrike, Zscaler, Tenable, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2024, IBM and ASUS collaborated to improve cybersecurity by deploying AI-powered security tools that detect and mitigate attacks swiftly. ASUS' business hardware will natively integrate IBM's QRadar EDR with IBM's MDR services.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global identity threat detection and response (ITDR) market based on the below-mentioned segments:
Global Identity Threat Detection and Response (ITDR) Market, By Offering
- Solutions
- Services
Global Identity Threat Detection and Response (ITDR) Market, By Deployment Mode
- Cloud
- On-premises
Global Identity Threat Detection and Response (ITDR) Market, By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Global Identity Threat Detection and Response (ITDR) Market, By Vertical
- BFSI
- Retail & Ecommerce
- Government & Defense
- Gaming & Gambling
- Energy & Utilities
Global Identity Threat Detection and Response (ITDR) Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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