Identity Threat Detection Response Market Summary
As per Market Research Future Analysis, the Identity Threat Detection and Response (ITDR) Market is poised for significant growth, expanding from USD 16.6 billion in 2024 to USD 88.2 billion by 2032, with a CAGR of 23.20%. The market was valued at USD 13.5 billion in 2023, driven by the rising adoption of cloud computing, digital transformation, and increasing insider threats. The escalating threat landscape and stringent data protection regulations are key factors propelling market demand.
Key Market Trends & Highlights
The ITDR market is experiencing rapid growth due to various factors.
- Market size in 2024: USD 16.6 billion; projected to reach USD 88.2 billion by 2032.
- Services segment accounted for 58% of market revenue in 2023.
- Cloud deployment mode dominated with 58% market revenue share.
- SMEs represented 60% of market revenue, highlighting their vulnerability and investment in ITDR solutions.
Market Size & Forecast
2023 Market Size: USD 13.5 Billion
2024 Market Size: USD 16.6 Billion
2032 Market Size: USD 88.2 Billion
CAGR: 23.20%
Largest Regional Market Share in 2024: North America.
Major Players
Key players include Microsoft, IBM, CrowdStrike, Zscaler, Tenable, Veronis, BeyondTrust, CyberArk, Proofpoint, and Quest.
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.Â
Figure1: Identity Threat Detection and Response (ITDR) Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Identity Threat Detection and Response (ITDR) Market Trends
Escalating threat landscape and stringent data protection regulations are driving the market growth
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.Â
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, Market Research Future 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, Market Research Future 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.Â
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
Identity Threat Detection Response Industry Developments
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Q2 2024: Okta to acquire Spera Security to bolster identity threat detection Okta announced its agreement to acquire Spera Security, an Israeli startup specializing in identity threat detection and response, to enhance Okta’s security capabilities and expand its product portfolio in the ITDR market.
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Q2 2024: Okta Announces Acquisition of Spera Security Okta revealed the acquisition of Spera Security, aiming to integrate Spera’s identity security platform with Okta’s existing solutions to provide advanced identity threat detection and response for enterprise customers.
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Q2 2024: Silverfort raises $116M to expand identity threat detection platform Silverfort, a cybersecurity company focused on identity threat detection and response, raised $116 million in a Series D funding round to accelerate product development and global expansion.
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Q2 2024: CrowdStrike Launches Falcon Identity Threat Protection for Cloud CrowdStrike announced the launch of Falcon Identity Threat Protection for Cloud, a new product designed to provide real-time detection and response to identity-based threats in cloud environments.
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Q2 2024: CyberArk Expands Identity Security Platform with New Threat Detection Capabilities CyberArk introduced new threat detection and response features to its identity security platform, aiming to help organizations detect and mitigate identity-based attacks more effectively.
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Q2 2024: Microsoft launches Entra ID Protection to counter identity threats Microsoft launched Entra ID Protection, a new solution within its Entra suite, to provide advanced identity threat detection and automated response capabilities for enterprise customers.
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Q3 2024: Ping Identity and SentinelOne announce strategic partnership for identity threat detection Ping Identity and SentinelOne announced a strategic partnership to integrate their platforms, enabling joint customers to detect and respond to identity-based threats across hybrid and multi-cloud environments.
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Q3 2024: SailPoint Unveils AI-Driven Identity Threat Detection Module SailPoint launched a new AI-driven module for its identity security platform, designed to detect and respond to sophisticated identity threats using machine learning and behavioral analytics.
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Q3 2024: AuthMind raises $8.5M seed round to tackle identity threat detection AuthMind, a cybersecurity startup focused on identity threat detection and response, secured $8.5 million in seed funding to develop its platform and expand its engineering team.
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Q4 2024: IBM Launches Identity Threat Detection and Response Service IBM announced the launch of a new managed service for identity threat detection and response, offering organizations continuous monitoring and rapid response to identity-based attacks.
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Q4 2024: Thoma Bravo acquires Saviynt in $1.3bn deal to boost identity security portfolio Private equity firm Thoma Bravo completed the acquisition of Saviynt, a leading identity security company, in a $1.3 billion deal to strengthen its position in the identity threat detection and response market.
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Q1 2025: One Identity Appoints New CEO to Drive Growth in Identity Threat Detection One Identity announced the appointment of a new CEO, aiming to accelerate the company’s growth and innovation in the identity threat detection and response sector.
Identity Threat Detection and Response (ITDR) Market Segmentation
Identity Threat Detection and Response (ITDR) Market Offering Outlook
Identity Threat Detection and Response (ITDR) Market Deployment Mode Outlook
Identity Threat Detection and Response (ITDR) Market Organization Size Outlook
Identity Threat Detection and Response (ITDR) Market Vertical Outlook
- Healthcare & Lifesciences
Identity Threat Detection and Response (ITDR) Market Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 13.5 Billion |
| Market Size 2024 |
USD 16.6 Billion |
| Market Size 2032 |
USD 88.2 Billion |
| Compound Annual Growth Rate (CAGR) |
23.20% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Offering, Deployment Mode, Organization Size, and Vertical and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US) |
| Key Market Opportunities |
Innovations in biometrics, machine learning, and data analytics for advanced threat detection |
| Key Market Dynamics |
Increasing incidences of cyber threats and data breaches and the need for robust security solutions |
Frequently Asked Questions (FAQ):
The Identity Threat Detection and Response (ITDR) Market size was valued at USD 13.5 Billion in 2023.
The Identity Threat Detection and Response (ITDR) Market is projected to grow at a CAGR of 23.20% during the forecast period 2024-2032.
North America had the largest share of the global market
The key players in the market are Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US)
The Services segment dominated the market in 2023.
The cloud segment had the largest share in the global market.
