“Global Identity Threat Detection and Response (ITDR) Market to reach a market value of USD 49.5 Billion by 2031 growing at a CAGR of 22.2%”
The Global Identity Threat Detection and Response (ITDR) Market size is expected to reach $49.5 billion by 2031, rising at a market growth of 22.2% CAGR during the forecast period.
Asia Pacific is experiencing rapid digitization, with many organizations adopting digital technologies to improve efficiency and competitiveness. This digitization has increased the need for ITDR solutions to protect against cyber threats. The region has seen a rise in cybercrime, including phishing attacks, malware, and ransomware. Consequently, the Asia Pacific region would acquire nearly 29% of the total market share by 2031.
AI and ML technologies analysis andsystems to perform real-time monitoring, conduct sophisticated behavior analysis, and detect anomalies quickly and accurately. These capabilities are crucial in promptly identifying and responding to identity threats, improving overall cybersecurity resilience. Thus, integrating AI and machine learning technologies into ITDR solutions is a game-changer for cybersecurity.
Additionally, Insider threats emanate from personnel, contractors, or business partners who possess privileged access to confidential data and systems within the organization. Due to the reputational damage, financial losses, and data breaches that can result from these threats, detecting and mitigating them is a global organization priority. Hence, the increasing incidents of insider threats globally highlight the urgent need for effective ITDR solutions.
However, the costs associated with ITDR implementation include expenses for software licensing, hardware procurement, integration with existing systems, and ongoing maintenance and support. The impact of high implementation costs is particularly significant for SMEs, as they often lack larger organizations' financial resources and expertise. Hence, these factors may hamper the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
By organization size, the market is divided into large enterprises and SMEs. The SMEs segment witnessed 28.6% revenue share in the market in 2023. ITDR tools for SMEs are often more cost-effective, with lower upfront costs and subscription-based pricing models that can scale with the organization's size.
Based on vertical, the market is segmented into BFSI, retail & e-commerce, government & defense, IT & ITeS, telecommunication, energy & utilities, education, healthcare & lifesciences, and others. The government & defense segment procured 17% revenue share in the market in 2023. The defense sector and government are indispensable to national security. ITDR solutions aid in the protection of infrastructure and sensitive government data from cyber threats.
On the basis of deployment mode, the market is classified into on-premise and cloud. The on-premises segment acquired 35% revenue share in the market in 2023. On-premise solutions give organizations greater control over their ITDR infrastructure, as the software and hardware are maintained within the organization's premises.
Based on offering, the identity threat detection and response (ITDR) market is characterized into solution and services. The services segment procured 31% revenue share in the market in 2023. ITDR services are often human-centric, involving security professionals who analyze threats, investigate incidents, and respond to security breaches.
Free Valuable Insights: Global Identity Threat Detection and Response (ITDR) Market size to reach USD 49.5 Billion by 2031
Region-wise, the identity threat detection, and response (ITDR) market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 38% revenue share in the market in 2023. North America faces a sophisticated and evolving cyber threat landscape, with cybercriminals constantly developing new methods to steal identities and compromise systems.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 10.4 Billion |
| Market size forecast in 2031 | USD 49.5 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 22.2% from 2024 to 2031 |
| Number of Pages | 414 |
| Number of Tables | 650 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Offering, Organization Size, Deployment Mode, Vertical, Region |
| Country scope |
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| Companies Included | Microsoft Corporation, IBM Corporation, Crowdstrike Holdings, Inc, Zscaler, Inc, Tenable Holdings, Inc., BeyondTrust Corporation, CyberArk Software Ltd., Acalvio Technologies, Inc., Proofpoint, Inc. (Thoma Bravo) and Semperis Technologies Inc. |
By Deployment Mode
By Offering
By Organization Size
By Vertical
By Geography
This Market size is expected to reach $49.5 billion by 2031.
Advancements in AI and machine learning are driving the Market in coming years, however, Complexity and integration challenges restraints the growth of the Market.
Microsoft Corporation, IBM Corporation, Crowdstrike Holdings, Inc, Zscaler, Inc, Tenable Holdings, Inc., BeyondTrust Corporation, CyberArk Software Ltd., Acalvio Technologies, Inc., Proofpoint, Inc. (Thoma Bravo) and Semperis Technologies Inc.
The expected CAGR of this Market is 22.2% from 2024 to 2031.
The Cloud segment is generating the highest revenue in the Market by Deployment Mode in 2023; thereby, achieving a market value of $33 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18 billion by 2031.
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