info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Identity Analytics Market Research Report: By Application (Fraud Detection, Risk Management, Compliance Management, User Behavior Analytics), By Deployment Mode (Cloud, On-Premises, Hybrid), By End User (BFSI, Healthcare, Retail, Telecommunications, Government) and By Solution Type (Data Analytics, Identity Governance, Identity Verification, Access Management) - Forecast to 2035


ID: MRFR/ICT/12814-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Identity Analytics Market Overview


As per MRFR analysis, the US Identity Analytics Market Size was estimated at 721.65 (USD Million) in 2023. The US Identity Analytics Market Industry is expected to grow from 850(USD Million) in 2024 to 2,540 (USD Million) by 2035. The US Identity Analytics Market CAGR (growth rate) is expected to be around 10.464% during the forecast period (2025 - 2035).


Key US Identity Analytics Market Trends Highlighted


The US Identity Analytics Market is increasingly driven by the growing demand for robust security measures amid rising cybersecurity threats. Organizations across various sectors are prioritizing identity analytics to better assess risks and enhance their data protection strategies. The need for compliance with regulations like the GDPR and CCPA further intensifies the focus on effective identity management, as businesses aim to protect sensitive information while adhering to legal standards. Additionally, the shift towards digital transformation in the US has led to an increased adoption of cloud-based solutions, which offer scalable identity analytics tools that align with the need for efficiency and flexibility in operations.Opportunities in the US market include the integration of advanced technologies such as artificial intelligence and machine learning into identity analytics systems. These technologies not only enable faster and more accurate identity verification processes but also help organizations identify potential fraud patterns in real time. As organizations seek to improve user experiences while maintaining security, the development of more intuitive identity management solutions is also gaining traction. In recent times, there has been a noticeable trend toward the use of biometric authentication methods as part of identity analytics efforts in the US.This evolution marks a shift from traditional password-based security to more sophisticated methodologies, which are seen as both more secure and user-friendly. Additionally, with the increased attention on remote work practices, there is a growing emphasis on establishing secure access to company resources, further driving investments in identity analytics technologies. The combination of these trends highlights the dynamic landscape of the US Identity Analytics Market, as organizations increasingly recognize the importance of adaptive and comprehensive identity management solutions.


US Identity Analytics Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Identity Analytics Market Drivers


Increase in Cybersecurity Threats


The rise in cybersecurity threats in the United States has significantly driven the US Identity Analytics Market Industry. According to the FBI's Internet Crime Complaint Center, reported cyber crimes increase consistently, with a total of over 300,000 complaints logged in 2020 alone, marking a 69% increase from 2019. Organizations such as the Cybersecurity and Infrastructure Security Agency (CISA) and established companies like IBM and Microsoft have acknowledged these threats, prompting increased investments in identity analytics solutions to secure data and prevent fraud.With legislation like the New York SHIELD Act and California Consumer Privacy Act (CCPA) pushing for stringent data protection measures, businesses are driven to implement identity analytics for compliance and security purposes. This regulatory environment fuels growth and innovation within the US Identity Analytics Market.


Adoption of Advanced Technology


The increasing adoption of advanced technologies, including Artificial Intelligence (AI) and Machine Learning (ML), is significantly propelling the US Identity Analytics Market Industry. As per a report from the U.S. Bureau of Labor Statistics, the demand for AI specialists is projected to grow by 22% from 2020 to 2030, reflecting the need for enterprises to integrate these technologies for enhanced identity verification and fraud detection. Companies like Salesforce and Oracle are investing heavily in AI-driven identity analytics solutions, resulting in improved customer experiences and security measures.The rise of digital transformation initiatives across various sectors in the US further drives the need for sophisticated identity analytics.


Growing Regulatory Compliance Requirements


In the United States, the growing regulatory compliance requirements surrounding data protection and privacy are fueling the US Identity Analytics Market Industry. Laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Gramm-Leach-Bliley Act mandate stringent data security measures, compelling organizations to adopt identity analytics for ensuring compliance. According to the National Cyber Security Alliance, nearly 60% of small businesses in the US close within six months of a cyber attack, driving organizations to take proactive steps to safeguard sensitive information.Major corporations, including Anthem and Equifax, have faced significant penalties due to non-compliance, which adds urgency to the need for robust identity analytics solutions to mitigate risks and protect against breaches.


US Identity Analytics Market Segment Insights


Identity Analytics Market Application Insights


The US Identity Analytics Market focuses heavily on various applications designed to enhance security and ensure compliance in a rapidly evolving digital landscape. As identity threats continue to escalate, the importance of fraud detection has become paramount for organizations across different sectors. This area seeks to proactively identify and mitigate potential fraudulent activities, thereby safeguarding assets and maintaining user trust. Alongside fraud detection, risk management plays a critical role in assessing and mitigating various exposure risks organizations might face, ensuring they can take informed actions to protect themselves from breaches.Compliance management is another significant application that ensures organizations adhere to regulatory frameworks, thus avoiding severe penalties and reputational harm. It has grown increasingly complex due to evolving regulations, making dedicated compliance strategies essential for success in the market. Furthermore, user behavior analytics provides insight into user actions, helping organizations identify anomalies that could suggest security vulnerabilities or potential threats. This application not only aids in enhancing security measures but also augments customer experience by personalizing interactions.In terms of market growth, each of these applications contributes uniquely to the overall landscape, facilitating a comprehensive approach to identity analytics and ensuring organizations can navigate the challenges presented by an increasingly complex digital environment. Overall, the segmentation of the US Identity Analytics Market showcases a robust framework through which organizations can tailor their strategies to meet the demands of security, compliance, and customer engagement in today’s high-risk scenarios. As technology advances, these applications will play an increasingly significant role in shaping the industry, thus representing a critical investment area for the future.


US Identity Analytics Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Identity Analytics Market Deployment Mode Insights


The US Identity Analytics Market is increasingly characterized by its Deployment Mode segment, which includes various approaches such as Cloud, On-Premises, and Hybrid solutions. As organizations in the US seek to enhance their security and streamline identity management, the Cloud deployment model has gained significant traction due to its flexibility, scalability, and lower upfront costs. This model allows companies to leverage advanced analytics and machine learning capabilities without the need for extensive hardware investments. On the other hand, On-Premises solutions remain essential for organizations requiring stringent control over their data and compliance with regulations.Meanwhile, Hybrid models are emerging as a practical compromise, blending the best of both worlds by allowing sensitive data to be kept in-house while taking advantage of Cloud capabilities for less critical information. As the market evolves, these deployment strategies are vital in addressing the diverse needs of various sectors, ultimately supporting the broader objectives of the US Identity Analytics Market, which focuses on enhancing security, compliance, and operational efficiency. The growth in this segment reflects the ongoing shift towards more robust identity management solutions across industries, highlighting their importance in safeguarding digital assets in an increasingly complex technological landscape.


Identity Analytics Market End User Insights


The End User segment of the US Identity Analytics Market plays a crucial role in various industries, showcasing the multifaceted applications of identity analytics solutions. The Banking, Financial Services, and Insurance (BFSI) sector utilizes these solutions extensively to combat fraud and enhance customer security, thereby improving trust and regulatory compliance. In the Healthcare sector, identity analytics is paramount for securing sensitive patient information and ensuring compliance with regulations such as HIPAA, which necessitate robust identity verification processes.Retailers leverage identity analytics to tailor marketing strategies and improve customer experiences by analyzing purchasing behaviors and trends. Telecommunications companies benefit from identity analytics by protecting against identity theft and ensuring secure access to services, which has become a growing concern in the digital age. Furthermore, the Government sector utilizes identity analytics to enhance national security and manage access control in various public service applications. Overall, each of these sectors highlights significant growth opportunities within the US Identity Analytics Market by addressing unique challenges associated with identity management, thus contributing to a more secure and efficient digital landscape.


Identity Analytics Market Solution Type Insights


The US Identity Analytics Market segmentation by Solution Type reveals a diverse range of offerings critical for safeguarding digital identities. Data Analytics plays a crucial role in interpreting vast amounts of identity-related information, helping organizations make informed decisions and mitigate risks. Identity Governance is increasingly significant, ensuring compliance with regulations and policies, which is essential as the landscape of identity security continues to evolve. Identity Verification stands out for its necessity in authenticating users and preventing fraud, making it indispensable, especially in sectors like finance and healthcare.Access Management is vital as it governs user access to sensitive data, enhancing overall security posture. With the rise of cyber threats and stringent regulations, these segments collectively contribute to the robustness and resilience of the identity analytics framework in the US. The increasing demand from various industries for integrated solutions emphasizes the importance of these segments in driving market growth and responding to evolving security challenges.


US Identity Analytics Market Key Players and Competitive Insights


The US Identity Analytics Market is characterized by its dynamic landscape, shaped by the increasing demand for enhanced security protocols and compliance regulations across various industries. This sector has witnessed substantial growth, driven by the evolving threats posed by cyber-attacks and data breaches. Organizations are increasingly recognizing the critical importance of identity analytics in managing user identities and access rights efficiently while ensuring regulatory compliance. The competitive environment is marked by a mix of established players and emerging companies, each vying to offer innovative solutions that cater to the unique identity management needs of businesses. Key competitive insights reveal a focus on leveraging advanced technologies such as machine learning and artificial intelligence to augment identity verification processes, ultimately fostering a more robust security posture in the face of growing digital challenges.In the US Identity Analytics Market, SAP positions itself as a formidable player with a well-established presence. The company boasts a comprehensive suite of identity governance solutions designed to enhance enterprise security and compliance. SAP's strength lies in its ability to integrate seamlessly with existing IT infrastructures, thus enabling organizations to streamline their identity management processes efficiently. Moreover, SAP's advanced analytics capabilities empower businesses to gain actionable insights into their identity data. The company leverages its extensive research and development initiatives to continually enhance its offerings, ensuring they remain at the forefront of technological advancements and meet the evolving needs of the market.On the other hand, Splunk has carved a niche for itself in the US Identity Analytics Market through its focus on operational intelligence and real-time data analysis. Known for its robust data analytics platform, Splunk provides organizations with critical tools to monitor, analyze, and visualize their identity data effectively. The company offers key products that include data monitoring solutions and security information event management tools tailored for identity analytics. Splunk's strengths lie in its ability to deliver actionable insights rapidly, which is essential for organizations facing identity-related security challenges. Additionally, Splunk’s commitment to innovation is evidenced by strategic mergers and acquisitions that bolster its product offerings and expand its market presence, allowing it to stay competitive in an increasingly crowded space within the US identity analytics landscape.


Key Companies in the US Identity Analytics Market Include



  • SAP

  • Splunk

  • Zscaler

  • ForgeRock

  • SAS

  • Duo Security

  • Oracle

  • Okta

  • IBM

  • Ping Identity

  • Microsoft

  • Thales

  • RSA Security

  • CyberArk

  • Salesforce


US Identity Analytics Market Industry Developments


The US Identity Analytics Market has been experiencing significant developments in recent months. In September 2023, Microsoft announced enhancements to its Azure Active Directory service, integrating advanced identity analytics features aimed at strengthening security measures for organizations. Concurrently, Okta reported a rise in demand for its identity management solutions, reflecting a broader industry trend toward remote access security. In August 2023, Oracle launched updates to its Identity Cloud Service, providing organizations with enhanced analytics capabilities to monitor user behavior patterns effectively. There has also been notable market activity, with ForgeRock announcing its acquisition of identity orchestration firm Frontegg in July 2023, signaling a strategic move to bolster its product offerings. Additionally, Zscaler reported a growth in market valuation due to an increased emphasis on zero-trust security frameworks in light of recent cyber threats across various sectors. In recent years, the push for better identity management frameworks, driven by rising cyber threats and regulatory requirements, has positioned key players like IBM, Thales, and RSA Security at the forefront, resulting in rapid advancements that are shaping the landscape of identity analytics in the US.


US Identity Analytics Market Segmentation Insights


Identity Analytics Market Application Outlook



  • Fraud Detection

  • Risk Management

  • Compliance Management

  • User Behavior Analytics


Identity Analytics Market Deployment Mode Outlook



  • Cloud

  • On-Premises

  • Hybrid


Identity Analytics Market End User Outlook



  • BFSI

  • Healthcare

  • Retail

  • Telecommunications

  • Government


Identity Analytics Market Solution Type Outlook



  • Data Analytics

  • Identity Governance

  • Identity Verification

  • Access Management

Report Attribute/Metric Source: Details
MARKET SIZE 2018 721.65(USD Million)
MARKET SIZE 2024 850.0(USD Million)
MARKET SIZE 2035 2540.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 10.464% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Million
KEY COMPANIES PROFILED SAP, Splunk, Zscaler, ForgeRock, SAS, Duo Security, Oracle, Okta, IBM, Ping Identity, Microsoft, Thales, RSA Security, CyberArk, Salesforce
SEGMENTS COVERED Application, Deployment Mode, End User, Solution Type
KEY MARKET OPPORTUNITIES Increased demand for data privacy, Growing cybersecurity threats, Integration with AI technologies, Rising cloud adoption rates, Regulatory compliance requirements
KEY MARKET DYNAMICS growing cybersecurity threats, regulatory compliance requirements, advancements in AI technology, increasing data privacy concerns, demand for real-time insights
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Identity Analytics Market is expected to be valued at 850.0 million USD in 2024.

By 2035, the US Identity Analytics Market is projected to reach a value of 2540.0 million USD.

The expected CAGR for the US Identity Analytics Market from 2025 to 2035 is 10.464%.

By 2035, the Fraud Detection application segment is projected to have the highest market value of 750.0 million USD.

Growth in the US Identity Analytics Market is driven by increasing demand for fraud detection, risk management, and compliance management solutions.

Major players in the US Identity Analytics Market include SAP, Splunk, Zscaler, ForgeRock, SAS, and Microsoft.

The Compliance Management application segment is expected to reach a market size of 600.0 million USD by 2035.

The US Identity Analytics Market faces challenges such as evolving regulatory requirements and the increasing sophistication of cyber threats.

The User Behavior Analytics segment is expected to grow to 515.0 million USD, making it the least valuable segment in 2035.

The current global scenario is enhancing the focus on digital security, thereby positively impacting the US Identity Analytics Market.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

report-img
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.