The global Identity Analytics Market is estimated to reach USD 15.59 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to grow at a CAGR of 23.7% from 2021 to 2028. The rising demand for advanced authentication and access management systems, increasing compliance regulations, and the growing adoption of cloud-based solutions are the major factors driving the growth of this market.
The increasing adoption of cloud-based solutions is driving the growth of the identity analytics market. Cloud-based identity analytics solutions provide various benefits such as scalability, cost-effectiveness, and enhanced security. Furthermore, rapid technological advancements and the increasing adoption of IoT are expected to further drive the growth of the identity analytics market.
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Major Players:
Some of the major players operating in the global identity analytics market are Oracle Corporation, IBM Corporation, Experian PLC, Nuance Communications, Inc., BAE Systems PLC, Hitachi ID Systems, Inc., CA Technologies, Inc., Novetta Solutions LLC, ForgeRock, Inc., and Sailpoint Technologies, Inc.

Impact of COVID-19 on Identity Analytics Market:
With the beginning of the COVID-19 pandemic, firms have been progressively adopting work from home (WFH) or remote work to assure job optimization through BYOD support. Furthermore, due to increased COVID cases with the virulent delta form, Amazon stated in August 2021 that WFH for its tech and business employees will be extended until January 2022. As a result of these reasons, market demand for managing governance and security concerns inside BYOD devices is expected to increase soon.
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Market Segmentation:
The BFSI sector is expected to dominate the identity analytics market during the forecast period due to the increasing implementation of identity analytics solutions for fraud detection and automated customer onboarding processes. The healthcare sector is expected to witness the highest CAGR during the forecast period due to the increasing adoption of identity analytics solutions for patient record management, privacy protection, and data security.
The government & public sector is also expected to witness significant growth due to the increasing implementation of identity analytics solutions for identity verification, authentication, and access management. Moreover, the increasing number of cyber threats is boosting the demand for identity analytics solutions in this sector.
The North America region is expected to dominate the global identity analytics market over the forecast period due to the presence of major players in the region. The Asia Pacific region is expected to witness the highest CAGR during the forecast period due to the increasing demand for identity analytics solutions in emerging economies such as India and China.
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TOC
Chapter 1 Identity Analytics Market Overview
1.1 Product Overview and Scope of Identity Analytics
1.2 Identity Analytics Market Segmentation by Type
1.2.1 Global Production Market Share of Identity Analytics by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continued…
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