According to a new report, published by KBV research, 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.
The Cloud segment is generating the highest revenue in the Global Identity Threat Detection and Response (ITDR) Market by Deployment Mode in 2023; thereby, achieving a market value of $33 billion by 2031. Cloud-deployed solutions offer scalability, allowing organizations to scale their ITDR resources up or down based on their needs and without additional hardware. Cloud solutions often have lower upfront costs than on-premise solutions, as they typically operate on a subscription-based model with no hardware investment required.
The Solution segment is registering a CAGR of 21.8 % during the forecast period. ITDR solutions are typically technology-driven and include software and hardware components that automatically detect and respond to identity-related threats. In order to detect threats and suspicious activities, these solutions frequently employ cutting-edge technologies, including machine learning (ML), artificial intelligence (AI), and behavioral analytics.
The Large Enterprises segment led the Global Identity Threat Detection and Response (ITDR) Market by Organization Size in 2023; thereby, achieving a market value of $33.6 billion by 2031. ITDR tools designed for large enterprises are scalable and can handle the complex and extensive IT environments typical of large organizations. They can accommodate a high volume of identity-related data and support many users and devices.
The BFSI segment is growing at a CAGR of 19.7 % during the forecast period. The BFSI sector is highly regulated, with stringent data protection and privacy requirements. ITDR solutions help BFSI organizations comply with PCI DSS, GDPR, and CCPA regulations by providing robust identity threat detection and response capabilities.
Full Report: https://www.kbvresearch.com/identity-threat-detection-and-response-market/
The North America region dominated the Global Identity Threat Detection and Response (ITDR) 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. The Europe region is anticipated to grow at a CAGR of 21.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 23.1% during (2024 - 2031).
By Deployment Mode
By Offering
By Organization Size
By Vertical
By Geography
Unique Offerings 
