Identity Analytics Market Poised for Rapid Growth Driven by Cloud and Digital Transformation
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Global identity analytics market size to reach $30.45 billion by 2031 with a CAGR of 4.4% from 2023-2030. Key growth drivers are cloud computing and digital transformation.
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North America currently leads the market share due to advanced technologies and key players, with the U.S. being dominant.
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Services segment is fastest growing, encompassing consulting, implementation, integration, training, and support services.
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Asia Pacific is the fastest growing region, propelled by economic growth, digital initiatives, and rising cyber threats.
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Key developments include IBM's cloud-based identity solution with AI/ML capabilities and SailPoint's acquisition of Intello to boost identity analytics through deeper visibility of SaaS apps.