The North America Identity Threat Detection and Response (ITDR) Market would witness market growth of 21.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Identity Threat Detection and Response (ITDR) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12,958.9 million by 2031. The Canada market is experiencing a CAGR of 24.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 23% during (2024 - 2031).
The identity threat detection and response (ITDR) market is an emerging and rapidly evolving segment of the cybersecurity industry, focusing on protecting digital identities from a wide range of threats. With the growing dependence of both businesses and individuals on digital platforms for communication, data storage, and transactions, the protection of digital identities has emerged as a critical issue.
Digital identities, including usernames, passwords, biometric data, and other credentials utilized to authenticate users and grant access to resources, are the foundation of contemporary information systems. It is critical to safeguard these identities, as compromising them could result in unauthorized access, breaches of data security, financial fraud, and various other malicious endeavors. A rise in the frequency of cyberattacks that target digital identities drives the expansion of the market.
A prime target for cybercriminals attempting to steal sensitive information and identities, North America is home to numerous IT and financial services firms. According to the Internet Crime Complaint Center (IC3) by the FBI, in 2023, 880,418 complaints were registered, with potential losses exceeding $12.5 billion. This is a nearly 10% increase in complaints received, representing a 22% increase in losses suffered compared to 2022, highlighting the critical need for advanced security measures. Similarly, in Canada, the surge in ITDR demand is primarily influenced by the escalating cybercrime rate and stringent regulatory requirements. The Canadian Anti-Fraud Centre reported over 63,000 cases of identity fraud in 2023. In Mexico, the growing demand for ITDR is propelled by the increasing digitalization of businesses and the rising incidence of cyber-attacks. The country's Federal Law on Protection of Personal Data Held by Private Parties (LFPDPPP) enforces stringent data protection requirements, encouraging organizations to adopt ITDR solutions. Thus, with the region's stringent regulatory environment, increasing cyber threats, and strong cybersecurity ecosystem, North America is expected to remain a key market for ITDR solutions in the foreseeable future.
Free Valuable Insights: The Identity Threat Detection and Response (ITDR) Market is Predict to reach USD 49.5 Billion by 2031, at a CAGR of 22.2%
Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Offering, the market is segmented into Solution (Credential Threat Protection, Active Directory Threat Management, Exposure Management, and Response & Remediation Management) and Services (Professional Services and Managed Security Services). Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, Government & Defense, Energy & Utilities, IT & ITeS, Telecommunication, Education, Retail & eCommerce, Healthcare & Lifesciences, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Deployment Mode
By Offering
By Organization Size
By Vertical
By Country
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