PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507237
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507237
The global Identity Threat Detection and Response (ITDR) market size is expected to reach USD 68.92 billion by 2032, according to a new study by Polaris Market Research. The report "Identity Threat Detection and Response (ITDR) Market Share, Size, Trends, Industry Analysis Report, By Type (Stable and Portable); By Application; By Shape; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in the implementation of identity threat detection and responses among businesses is due to its secure, adaptive access feature, which helps in preventing identity attacks before they occur by utilizing a modern identity and access management solution tailored for present-day organizations. By integrating threat-level intelligence and consolidating information from various identity sources into a unified view, organizations can reduce the time needed to detect and address cyber threats while gaining valuable insights. Additionally, automated cyberattack disruption capabilities enable swift mitigation of identity attacks and lateral movement within the organization, extending the detection and response platform.
ITDR solutions collect a wider range of identity signals from different sources, such as directories, IAM, cloud platforms, VPNs, and others, in order to achieve complete coverage across all identity layers and systems, offering continuous real-time monitoring for the organization's infrastructure. It can analyze vast amounts of data from various systems, helping to detect threats targeting credentials, privileges, cloud entitlements, and the systems that control them by correlating behavioral, access, and log data within the organization's environment.
In recent years, the trend of utilizing AI-driven identity security solutions has bolstered organizations' defenses against identity-based attacks. These AI-powered solutions scrutinize authentication and identity activities, identifying irregularities and automatically reacting to potential threats. Given that weak or compromised credentials often act as entry points for security breaches, GenAI can provide an additional layer of security.
The solutions segment dominated the market due to its ability to offer solutions to address and mitigate identity-based threats, including compromised user accounts and leaked passwords.
The service segment is projected to grow at the fastest CAGR due to its strong identity threat detection and response capabilities apparent to organizations.
The cloud segment is expected to grow at the fastest growth rate owing to the ability to identify malicious activities or unauthorized alterations through cloud infrastructure.
The large enterprises segment dominated the market, due to its extensive IT infrastructures, diverse digital ecosystems, and a heightened risk profile as a result of their size and complexity.
The North American region dominated the market, largely due to increased cyberattacks and organizations' adoption of ITDR to identify and detect them.
The global key market players include Adaptive Shield, BeyondTrust, CrowdStrike, CyberArk, IBM, Microminder, Microsoft, Tenable, Veronis, Zscaler, etc.
Polaris Market Research has segmented the identity threat detection and response (ITDR) market report based on offering, deployment mode, organization size, application and region: