Identity Threat Detection and Response (ITDR) Market Research Report Information By Offering (Solutions and Services), By Deployment Mode (On-premises and clouds), Organization Size (Large Enterprises and SMEs), By Vertical (BFSI, Retail and eCommerce, Government & Defense, Gaming & Gambling, IT & ITeS, Telecommunication, Energy & Utilities, Education, Healthcare & Lifesciences, and other verticals), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

Identity Threat Detection and Response (ITDR) Market Overview

The Identity Threat Detection and Response (ITDR) Market size is projected to grow from USD 16.6 billion in 2024 to USD 88.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.20% during the forecast period (2024 - 2032). Additionally, the market size for Identity Threat Detection and Response (ITDR) was valued at USD 13.5 billion in 2023.

The increasing adoption of cloud computing and digital transformation initiatives and the increasing frequency and sophistication of insider threats are expected to be significant market drivers for the Identity Threat Detection and Response (ITDR) Market. 

Figure1: Identity Threat Detection and Response (ITDR) Market, 2018 - 2032 (USD Billion)

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

Identity Threat Detection and Response (ITDR) Market Trends

Market CAGR for Identity Threat Detection and Response (ITDR) is driven by the escalating threat landscape and stringent data protection regulations. The increasing complexity and frequency of cyberattacks, especially those targeting individuals' digital identities, are driving the demand for robust Identity Threat Detection and Response (ITDR) solutions. Cybercrime is projected to cost companies globally an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015, growing at a rate of 15% year-over-year. According to Accenture's Cost of Cybercrime Study, 43% of cyber-attacks target small businesses, yet only 14% are adequately prepared to defend against them. In 2022, as reported by Cybersecurity Ventures, 70% of companies experienced ransomware attacks, a figure expected to worsen to one attack every 11 seconds by 2021. 

As identity-related breaches become more frequent and damaging, organizations prioritize implementing ITDR technologies to safeguard against unauthorized access, identity theft, and other malicious activities. This escalating threat landscape underscores the urgent need for proactive monitoring, swift detection, and effective response mechanisms, fueling the growth of the ITDR market. Organizations are increasingly investing in these solutions to strengthen their security posture and protect sensitive digital identities.

Stringent data protection regulations such as GDPR in Europe, CCPA in California, and similar laws worldwide mandate organizations to safeguard personal and sensitive data. Compliance with these regulations requires robust ITDR solutions that can ensure data protection, secure access controls, and timely incident response. Organizations failing to comply with these regulations face substantial fines and reputational damage, further driving the adoption of ITDR solutions. As a result, it is anticipated that throughout the projection period, demand for the Identity Threat Detection and Response (ITDR) Market will increase due to the Escalating Threat Landscape and Stringent data protection regulations. Thus, driving the Identity Threat Detection and Response (ITDR) Market revenue.

Identity Threat Detection and Response (ITDR) Market Segment Insights

Identity Threat Detection and Response (ITDR) Market Offering Insights

The Identity Threat Detection and Response (ITDR) Market segmentation, based on Offering, includes Solutions and Services. The Services segment dominated the market, accounting for 58% of market revenue. Implementing ITDR solutions demands specialized knowledge and expertise, which many organizations lack internally. These solutions often require customization to align with the unique security infrastructure and threat landscape of each organization. Service providers offer this essential customization, ensuring smooth integration with existing systems and processes.

Figure 2: Identity Threat Detection and Response (ITDR) Market, by Offering, 2023 & 2032 (USD Billion)

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

Identity Threat Detection and Response (ITDR) Market Deployment Mode Insights

The Identity Threat Detection and Response (ITDR) Market segmentation, based on Deployment Mode, includes On-premises and clouds. The cloud segment dominated the market, accounting for 58% of market revenue. Cloud solutions offer numerous benefits, including scalability, lower infrastructure costs, quicker deployment, enhanced accessibility, and automatic updates. As businesses increasingly embrace cloud technologies and prioritize agility and innovation, cloud-based ITDR solutions are well-suited to this evolving environment. Additionally, the cybersecurity skills shortage makes cloud solutions more attractive due to their built-in automation and ease of management.

Identity Threat Detection and Response (ITDR) Market Organization Size Insights

The Identity Threat Detection and Response (ITDR) Market segmentation, based on Organization Size, includes Large Enterprises and SMEs. The SMEs segment dominated the market, accounting for 60% of market revenue. SMEs are more vulnerable due to limited security resources, increased reliance on digital tools, and evolving cyber threats. Growing awareness of cyber risks and new data privacy regulations are prompting SMEs to invest in ITDR solutions. The affordability and scalability of cloud-based ITDR solutions are particularly appealing, offering enhanced threat detection, improved user access control, and simplified compliance management. This makes SMEs significant drivers of growth in the ITDR market.

Identity Threat Detection and Response (ITDR) Market Vertical Insights

The Identity Threat Detection and Response (ITDR) Market segmentation, based on Vertical, includes BFSI, Retail and eCommerce, Government & Defense, Gaming & Gambling, IT & ITeS, Telecommunication, Energy & Utilities, Education, Healthcare & Lifesciences, other verticals. The BFSI segment dominated the market, accounting for 60% of market revenue. BFSI institutions face evolving cyber threats, including targeted attacks and insider risks, underscoring the need for advanced security measures. ITDR solutions provide benefits like improved fraud detection, enhanced regulatory compliance, and stronger account protection, addressing critical challenges in the BFSI sector. Moreover, the sector grapples with challenges such as legacy systems and the cybersecurity skills gap. Despite these obstacles, as the BFSI sector embraces digital transformation and open banking initiatives, ITDR solutions will remain crucial for safeguarding data, managing access, ensuring regulatory adherence, and positioning the industry as a leader in the ITDR market.

Identity Threat Detection and Response (ITDR) Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The anticipated expansion of the Identity Threat Detection and Response (ITDR) market in North America can be attributed to several key factors. North America benefits from a mature and sophisticated IT infrastructure that supports seamless integration and deployment of ITDR solutions. The region exhibits a robust adoption of cloud services, which enhances the implementation of cloud-based ITDR solutions, providing scalability, flexibility, and cost-effectiveness. In 2022, global cloud computing revenue is projected to surpass 400 billion USD, underscoring the significant role of cloud technologies. Canadian companies dedicate 29% of their IT budgets to cloud computing, highlighting the substantial investment in leveraging cloud capabilities for ITDR and other strategic initiatives.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: IDENTITY THREAT DETECTION AND RESPONSE (ITDR) MARKET SHARE BY REGION 2023 (USD Billion)

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

Europe Identity Threat Detection and Response (ITDR) Market accounts for the second-largest market share. In Europe, especially within the European Union (EU), strict data protection regulations are enforced through the General Data Protection Regulation (GDPR). These regulations require strong security measures and prompt reporting of breaches, which significantly encourages the adoption of ITDR solutions. Increased awareness of data privacy concerns among businesses and consumers in Europe underscores the need for comprehensive ITDR solutions to protect personal data and ensure compliance with regulatory standards. Further, the German Identity Threat Detection and Response (ITDR) Market held the largest market share, and the UK Identity Threat Detection and Response (ITDR) Market was the fastest-growing market in the European region.

The Asia-Pacific Identity Threat Detection and Response (ITDR) Market is expected to grow at the fastest CAGR from 2024 to 2032. The surge in demand for ITDR solutions in the Asia Pacific region can be attributed to several factors. These include rapid digital transformation, increasing internet penetration, and the widespread adoption of mobile devices across emerging economies in the region. In Urban India, internet penetration is notably concentrated, with the top 9 cities accounting for 33%, while larger villages in Rural India reach an 82% concentration. 

A significant portion of the Indian population, representing 52% or 759 million people, accessed the internet at least once a month in 2022, with projections to reach 900 million by 2025, according to a report by IAMAI and Kantar. As businesses expand their online operations and embrace cloud-based services, the risk of identity-related threats grows, prompting organizations to invest heavily in robust ITDR solutions. Stringent regulatory requirements and increasing awareness of cybersecurity risks further drive the demand for advanced identity threat detection and response capabilities throughout the Asia Pacific region. Moreover, China’s Identity Threat Detection and Response (ITDR) Market held the largest market share, and the Indian Identity Threat Detection and Response (ITDR) Market was the fastest-growing market in the Asia-Pacific region.

Identity Threat Detection and Response (ITDR) Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Identity Threat Detection and Response (ITDR) market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Identity Threat Detection and Response (ITDR) industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Identity Threat Detection and Response (ITDR) industry to benefit clients and increase the market sector. In recent years, the Identity Threat Detection and Response (ITDR) industry has offered some of the most significant advantages to the cybersecurity landscape. Major players in the Identity Threat Detection and Response (ITDR) Market, including Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US) are attempting to increase market demand by investing in research and development operations.

International Business Machines Corp (IBM) is a global provider of hybrid cloud, AI, and consulting solutions. The company develops system hardware and software, offering infrastructure, hosting, and consulting services. IBM focuses on analytics, artificial intelligence, automation, blockchain, cloud computing, IT infrastructure, cybersecurity, and software development. Additionally, it provides cloud, networking, security, technology consulting, application services, business resilience services, and technology support across industries such as automotive, banking, electronics, energy, healthcare, insurance, manufacturing, retail, travel, and telecom. Headquartered in Armonk, New York, USA, IBM operates worldwide across the Americas, Europe, Middle East, Africa, and Asia-Pacific. In January 2024, IBM partnered with ASUS to bolster cybersecurity using AI-driven technologies for rapid attack detection and response. IBM's QRadar EDR will integrate directly into ASUS's business hardware, complemented by IBM's managed detection and response (MDR) services.

CyberArk Software Ltd (CyberArk) specializes in providing information technology (IT) security solutions, focusing primarily on privileged access security (PAS), secret management, and access management solutions. These solutions safeguard organizations from cyber threats originating from both external and internal sources, enabling real-time detection and mitigation of security risks. CyberArk serves a wide range of enterprises across diverse industries, including energy, financial services, healthcare, manufacturing, retail, technology, telecommunications, and government agencies. The company operates globally with offices in the UK, Germany, the US, Israel, the Netherlands, France, Italy, Australia, and Singapore, with headquarters in Petach-Tikva, Israel. In September 2023, CyberArk collaborated with Accenture to deploy CyberArk Privilege Cloud, enhancing Privileged Access Management (PAM) solutions. This strategic initiative aims to strengthen cybersecurity defenses by effectively managing and monitoring privileged access, a critical component of Identity Threat Detection and Response (ITDR). Leveraging CyberArk's Identity Security Platform, the collaboration ensures comprehensive security for identities across diverse IT environments, aligning with ITDR principles to secure access and mitigate risks associated with privileged accounts.

Key companies in the Identity Threat Detection and Response (ITDR) Market include

• Microsoft (US)


• IBM (US)


• CrowdStrike (US)


• Zscaler (US)


• Tenable (US)


• Veronis (US)


• BeyondTrust (US)


• CyberArk (US)


• Proofpoint (US)


• Quest (US)

Identity Threat Detection and Response (ITDR) Industry Developments

October 2023: BeyondTrust collaborated with the AWS SaaS Factory team to develop their Identity Security Insights solution as a SaaS offering on AWS. This partnership facilitated strategic business and technical decisions, paving the way for a successful launch of their SaaS model

July 2023: Microsoft teamed up with CISA to enhance cloud logging capabilities without extra charges. This initiative directly enhances ITDR by bolstering the detection and response to identity-related threats, thereby enabling organizations to uphold identity integrity and security through enhanced visibility and monitoring of security incidents.

Identity Threat Detection and Response (ITDR) Market Segmentation

Identity Threat Detection and Response (ITDR) Market Offering Outlook

• Solutions


• Services

Identity Threat Detection and Response (ITDR) Market Deployment Mode Outlook

• On-premises


• Clouds

Identity Threat Detection and Response (ITDR) Market Organization Size Outlook

• Large Enterprises


• SMES

Identity Threat Detection and Response (ITDR) Market Vertical Outlook

• BFSI


• Retail and eCommerce


• Government & Defense


• Gaming & Gambling


• IT & ITeS


• Telecommunication


• Energy & Utilities


• Education


• Healthcare & Lifesciences


• Other verticals

Identity Threat Detection and Response (ITDR) Market Regional Outlook

• 
  

  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  

  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  

  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  

  Rest of the World

  
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America