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.
Asia Pacific is experiencing rapid digitization, with many organizations adopting digital technologies to improve efficiency and competitiveness. This digitization has increased the need for ITDR solutions to protect against cyber threats. The region has seen a rise in cybercrime, including phishing attacks, malware, and ransomware. Consequently, the Asia Pacific region would acquire nearly 29% of the total market share by 2031.
AI and ML technologies analysis andsystems to perform real-time monitoring, conduct sophisticated behavior analysis, and detect anomalies quickly and accurately. These capabilities are crucial in promptly identifying and responding to identity threats, improving overall cybersecurity resilience. Thus, integrating AI and machine learning technologies into ITDR solutions is a game-changer for cybersecurity.
Additionally, Insider threats emanate from personnel, contractors, or business partners who possess privileged access to confidential data and systems within the organization. Due to the reputational damage, financial losses, and data breaches that can result from these threats, detecting and mitigating them is a global organization priority. Hence, the increasing incidents of insider threats globally highlight the urgent need for effective ITDR solutions.
However, the costs associated with ITDR implementation include expenses for software licensing, hardware procurement, integration with existing systems, and ongoing maintenance and support. The impact of high implementation costs is particularly significant for SMEs, as they often lack larger organizations' financial resources and expertise. Hence, these factors may hamper the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Asia Pacific is experiencing rapid digitization, with many organizations adopting digital technologies to improve efficiency and competitiveness. This digitization has increased the need for ITDR solutions to protect against cyber threats. The region has seen a rise in cybercrime, including phishing attacks, malware, and ransomware. Consequently, the Asia Pacific region would acquire nearly 29% of the total market share by 2031.
AI and ML technologies analysis andsystems to perform real-time monitoring, conduct sophisticated behavior analysis, and detect anomalies quickly and accurately. These capabilities are crucial in promptly identifying and responding to identity threats, improving overall cybersecurity resilience. Thus, integrating AI and machine learning technologies into ITDR solutions is a game-changer for cybersecurity.
Additionally, Insider threats emanate from personnel, contractors, or business partners who possess privileged access to confidential data and systems within the organization. Due to the reputational damage, financial losses, and data breaches that can result from these threats, detecting and mitigating them is a global organization priority. Hence, the increasing incidents of insider threats globally highlight the urgent need for effective ITDR solutions.
However, the costs associated with ITDR implementation include expenses for software licensing, hardware procurement, integration with existing systems, and ongoing maintenance and support. The impact of high implementation costs is particularly significant for SMEs, as they often lack larger organizations' financial resources and expertise. Hence, these factors may hamper the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Driving and Restraining Factors
Drivers- Advancements in AI and machine learning
- Growing incidents of insider threats
- Increasing frequency of cyber-attacks
- High implementation costs of comprehensive ITDR solutions
- Complexity and integration challenges
- Widespread adoption of digital services
- Growing awareness and focus on zero-trust security models
- Shortage of skilled cybersecurity professionals
- Privacy concerns among employees and customers
Organization Size Outlook
By organization size, the market is divided into large enterprises and SMEs. The SMEs segment witnessed 28.6% revenue share in the market in 2023. ITDR tools for SMEs are often more cost-effective, with lower upfront costs and subscription-based pricing models that can scale with the organization's size.Vertical Outlook
Based on vertical, the market is segmented into BFSI, retail & e-commerce, government & defense, IT & ITeS, telecommunication, energy & utilities, education, healthcare & lifesciences, and others. The government & defense segment procured 17% revenue share in the market in 2023. The defense sector and government are indispensable to national security. ITDR solutions aid in the protection of infrastructure and sensitive government data from cyber threats.
Deployment Mode Outlook
On the basis of deployment mode, the market is classified into on-premise and cloud. The on-premises segment acquired 35% revenue share in the market in 2023. On-premise solutions give organizations greater control over their ITDR infrastructure, as the software and hardware are maintained within the organization's premises.Offering Outlook
Based on offering, the identity threat detection and response (ITDR) market is characterized into solution and services. The services segment procured 31% revenue share in the market in 2023. ITDR services are often human-centric, involving security professionals who analyze threats, investigate incidents, and respond to security breaches.Regional Outlook
Region-wise, the identity threat detection, and response (ITDR) market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 38% revenue share in the market in 2023. North America faces a sophisticated and evolving cyber threat landscape, with cybercriminals constantly developing new methods to steal identities and compromise systems.Recent Strategies Deployed in the Market
- May-2024: Crowdstrike Holdings, Inc. signed a partnership with Google, a global technology company specializing in Internet-related services and products, including search, advertising, cloud computing, software, and hardware. Through this partnership, CrowdStrike would provide top-tier solutions for Endpoint Detection and Response (EDR), Identity Threat Detection and Response (ITDR), and Exposure Management.
- Mar-2024: Microsoft Corporation launched the Microsoft Copilot for Security, an AI tool. This product will enable security and IT professionals to move faster and strengthen team expertise with AI. Additionally, with Microsoft Copilot for security, the company will enhance the productivity of security professionals and transform security operations.
- Apr-2024: IBM Corporation inked a definitive agreement to acquire HashiCorp, Inc., a multi-cloud infrastructure automation company. Through this acquisition, IBM will combine its range of offerings and knowledge with HashiCorp's capabilities and talent to develop a complete hybrid cloud platform designed for the AI era.
- Sep-2023: Crowdstrike Holdings, Inc. has introduced Falcon Foundry, the industry's first no-code application development platform. This new product offers various benefits such as no-code application development, access to high-fidelity data, and built-in automation for end-to-end response. With Falcon Foundry, customers and partners can utilize CrowdStrike Falcon platform's data, automation, and cloud-scale infrastructure to create custom applications effortlessly, addressing numerous security and IT challenges.
- Jul-2023: Acalvio Technologies, Inc. and Crowdstrike Holdings, Inc., a company that provides cloud-delivered cybersecurity solutions, including endpoint protection, threat intelligence, and cyberattack response services. Through this partnership, Acalvio would complement CrowdStrike Falcon Identity Protection by incorporating new automation into its deception capabilities to combat identity attacks.
List of Key Companies Profiled
- Microsoft Corporation
- IBM Corporation
- Crowdstrike Holdings, Inc
- Zscaler, Inc
- Tenable Holdings, Inc.
- BeyondTrust Corporation
- CyberArk Software Ltd.
- Acalvio Technologies, Inc.
- Proofpoint, Inc. (Thoma Bravo)
- Semperis Technologies Inc.
Market Report Segmentation
By Deployment Mode- Cloud
- On-premise
- Solution
- Credential Threat Protection
- Active Directory Threat Management
- Exposure Management
- Response & Remediation Management
- Services
- Professional Services
- Managed Security Services
- Large Enterprises
- SMEs
- BFSI
- Government & Defense
- Energy & Utilities
- IT & ITeS
- Telecommunication
- Education
- Retail & eCommerce
- Healthcare & Lifesciences
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Identity Threat Detection and Response (ITDR) Market by Deployment Mode
Chapter 6. Global Identity Threat Detection and Response (ITDR) Market by Offering
Chapter 7. Global Identity Threat Detection and Response (ITDR) Market by Organization Size
Chapter 8. Global Identity Threat Detection and Response (ITDR) Market by Vertical
Chapter 9. Global Identity Threat Detection and Response (ITDR) Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Microsoft Corporation
- IBM Corporation
- Crowdstrike Holdings, Inc
- Zscaler, Inc
- Tenable Holdings, Inc.
- BeyondTrust Corporation
- CyberArk Software Ltd.
- Acalvio Technologies, Inc.
- Proofpoint, Inc. (Thoma Bravo)
- Semperis Technologies Inc.
Methodology
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