Global Identity Threat Detection and Response (ITDR) Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud and On-premise), By Offering, By Organization Size (Large Enterprises and SMEs), By Vertical , By Regional Outlook and Forecast, 202

Global Identity Threat Detection and Response (ITDR) Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud and On-premise), By Offering, By Organization Size (Large Enterprises and SMEs), By Vertical , By Regional Outlook and Forecast, 2024 - 2031

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.

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.

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.

By Regional Analysis

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.

Global Identity Threat Detection and Response (ITDR) Market Report Segmentation

By Deployment Mode

• Cloud
• On-premise

By Offering

• Solution
• Credential Threat Protection
• Active Directory Threat Management
• Exposure Management
• Response & Remediation Management
• Services
• Professional Services
• Managed Security Services

By Organization Size

• Large Enterprises
• SMEs

By Vertical

• BFSI
• Government & Defense
• Energy & Utilities
• IT & ITeS
• Telecommunication
• Education
• Retail & eCommerce
• Healthcare & Lifesciences
• Others

By Geography

• 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