Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Human Microbiome market is projected to grow at a CAGR of 25.0% by 2033: Visiongain Reports Ltd

Published

on

<!– Name:DistributionId Value:1000780264 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2791 –> <!– Name:CustomerId Value:1096632 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:549908c6-ab1f-4779-b498-a26bc0fcc40f –>

Visiongain has published a new report: Human Microbiome Market, (COVID-19 Impact Analysis):- Market Segment by Product (Prebiotics, Medical Drugs, Diagnostic Tests & Skin Products ), Market Segment by Type (Fecal Microbiota Transplant, Live Biotherapeutics Products (LBP), Prebiotics, Post-Biotics & Precision Antibiotics), Market Segment by Technology (Proteomics, Metabolomics, Genomics{16srRNA Sequencing, Shotgun Sequencing and Long Read Metagenomics}), Market Segment by Application (Gastrointestinal, Infectious Diseases, Metabolic Diseases, Cancers, Gut-Brain Axis and Others ), plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Countries. 

The human microbiome market was valued at US$186.8 million in 2022 and is projected to grow at a CAGR of 25.0 % during the forecast period 2023-2033. 

Rise in Funding from Private Ventures and Government Institutes to Trigger the Market Growth 

Significant influx of capital has been the main factor driving the growth of human microbiome research. The Government of various countries have displayed their interest in this field and have made significant funding. For instance, NIH (National Institute of Health), U.S. initiated the first Human Microbiome Project in 2007 and supported this project for 10-years until 2016 with a funding amount of US$215 million from 2007 to 2016. While, the European Commission funded Horizon 2020, Human Microbiome project which has been initiated with the aim to boost the microbiome research innovation for tackling the pandemics. The project will be completed by 2024 with a complete duration of 3 years and will be co-ordinated by France’s National Research Institute for Agriculture, Food and Environment. The project has seized a total funding of €44 M (US$46.5 million) in 2019. There are presently three ongoing projects under this initiative which includes Project Oncobiome {€ 14.99 M (US$15.9 million)} (1 January 2019–31 December 2023), Microb-Predict {€ 15.00 M (US$ 15.9 million)} (1 January 2019 – 31 March 2025) and Gemma {€ 14.22 M (US$ 15.0 million} (1 January 2019 – 31 December 2023). Additionally, the European Union aims to fortify its microbiome research through international collaboration at the global level. Despite in its nascent stage, the human microbiome companies have touted attention of the private investors with the U.S. alone garnering a total of US $ 1 billion by 2020 from the year 2015. This funding includes venture funding, corporate and private equity backed companies. The major investors include Seventure Partners, Khosla Ventures, Leaps and JLabs. Players in the market are raising funds by portraying their potential drugs and their unique therapeutic applications. For instance, in March 2022, Microbiotica raised £50m ($67m) to advance its pipeline drugs for immuno-oncology and ulcerative colitis. New investors including Tencent and Flerie, Cambridge Innovation Capital, Seventure Partners and IP Group conducted Series B funding round for Microbiotica. Growing investors both from public and private institutions has boosted the morale of the market. 

Download Exclusive Sample of Report 

https://www.visiongain.com/report/human-microbiome-market-2023/#download_sampe_div

How has COVID-19 had a Significant Negative Impact on the Human Microbiome Market? 

The COVID-19 reported to have dual negative impact on human microbiome market. The human microbiome clinical trials were disrupted due to COVID-19 pandemic. The direct interactions between the gut microbiome and COVID-19 were reported to have changes in faecal microbiome therapy (FMT) this has impacted the clinical trials which were in pipeline. Moreover, the COVID-19 impact was also seen in the lifestyle of patient population participating in the clinical trials leading to increased hygiene, change in food habits, intake of probiotics and medications to improve the immunity this consequently led to change in the human microbiota. The pandemic has put forth new challenges for research community including retention of patients in clinical trials, study design. Many companies had to put their clinical trials on -hold during the pandemic which had a negative economic impact on their balance sheets. During the pandemic, recruitment, sample sizing, collection of microbiome sample, storage and stools analysis for on-going clinical trials faced major roadblocks. Although, the psychological and psychiatric impact during the pandemic is known to change the gut environment, these have not been yet taken elucidated although their impact is considered to be significant. Therefore,COVID-19 has negatively impacted not only the operations of clinical trials but has also impacted the results of clinical trials in long term and also poses a major challenge for human microbiome players to mitigate its impact on their R&D studies.  

How will this Report Benefit you? 

Visiongain’s 276-page report provides 121 tables and 161 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the human microbiome market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for human microbiome. Get financial analysis of the overall market and different segments including by type, technology, therapeutics, product and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing human microbiome market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company. 

What are the Current Market Drivers? 

Microbiome Biomarker Discovery Supporting the Growth of Companion Diagnostics  

Microbiome biomarkers are expected to open new avenues of clinical diagnosis and treatment methodology as compared to the traditional biomarkers. There has been a significant research being conducted to identify these biomarkers and few of these studies have shown a strong correlation or dysbiosis or imbalance in the gut microbial community. For instance, Parkinson’s’ disease depict an increase in Lactobacillus, Akkermansia, Bifidobacterium and Verrucomicrobiacea while, roseburia, Faecalibaterium, prevolta and Blautia appear to be less. Similarly such dysbiosis have been identified in diseases such as IBD (which includes ulcerative colitis and Crohn’s Disease) and colorectal cancer. Some microbiome players are using their proprietary microbiome mining platforms for identification of these biomarkers. Many have collaborated with big pharma players to support microbiome as adjuvant therapies. For instance, in June 2022, the two companies BiomX and Boehringer Ingelheim collaborated to discover IBD microbiome biomarkers. BiomX will be utilizing its XMarker microbiome based biomarker discovery platform with the objective to find IBD biomarkers which are parallel to the Boehringer Ingelheim first in class pipeline drugs for treatment of IBD. Some of the other major players in this market include GLC Biotechnology Inc., GoodGut S.L., ZMD Group, Pescient Metabiomics, and LLC. Some companies are also focusing on vaginal microbiota for understanding and its correlation with in-vitro fertilization and microbiome analysis of cancer tissue.  This is being developed Micronoma (CA, U.S. based firm). However validation of these biomarkers is very important as many of them change in response to the external factors making it difficult to make the exact co-relation 

High Throughput Sequencing, Machine Learning (AI & Deep Learning) to Reinforce the Market Growth  

Technological advances using the next generation sequencing platforms have enabled the researchers to profile a plethora of microbial diversity. Low costs of sequencing is now permitting large scale studies of the microbial community. As most of the microbe exhibit identical 16SrRNA gene, the 16SrRNA is the most popular method used for functional classification of microbe genes. As not all the genes are represented in 16SrRNA, shotgun metagenomics sequencing method is gaining more preference. The short-gun metagenomics sequencing provides a direct measurement of all the genes present, which can be used as potential functional gene product for treatment. The large datasets are crucial for better understanding the microbial ecology for which Artificial intelligence and Machine Learning has proven to be instrumental for correlating the human health and microbial community gene profiles. Although machine learning techniques are considered extremely useful, they have their own set of challenges such as model appropriate for the characteristics of data, incomplete data-sets and lack of interpretability. Also, Artificial Intelligence aids to develop predictive models for personalized therapeutic interventions. Such interventions could include change in diet or use of prebiotics or post biotics or combination of both. Artificial intelligence is expected to support the growth of as a better diagnostic tool for gut microbiome research. Xbiome, China-based firm is using AI and microbiology in combination to decode the human gut for a novel drug discovery. Its proprietary AI – platform named X-Optim helps in accelerating the drug discovery through use of machine learning algorithms. The platform helps in early evaluation of drug candidate thereby fastening the drug approval processes. 

Download Exclusive Sample of Report 

https://www.visiongain.com/report/human-microbiome-market-2023/#download_sampe_div

Where are the Market Opportunities? 

Manufacturing of LBPs has been extremely challenging and is capital intensive. Very few innovator companies can carry the manufacturing operations in-house for example Enterome Bioscience, Finch Therapeutics, and Nubiyota. However, many start-ups lack expertise, availability of skilled labour, and expensive manufacturing processes including use of the bioreactors, upstream, and downstream processes. This has compelled the innovator firms to scout for contract service providers to commercialize their products at large scale through the use of highly specialized GMP-qualified manufacturing facilities. This has created new avenues for contract manufacturing firms that are specialized to deal with LBP products. For instance, in 2021, Seres Therapeutics inked an agreement with Bacthera to produce its lead SER-109 drug for CDI on commercialization. In addition, Bacthera has also established a dedicated Microbiome Center of Excellence on its Lonza campus in Switzerland. Another leading CDMO in this segment is Arranta Bio which plans to tap this market opportunity and announced 13,000 sq. Feet manufacturing facility in Massachusetts to complement its existing facilities in Watertown, Massachusetts and Gainesville, Florida, bringing the total manufacturing capacity at Arranta to over 230,000 square feet 

Competitive Landscape 

The major players operating in the human microbiome market are Rebiotix Inc., ( a Ferring Pharmaceutical company), Seres Therapeutics, Finch Therapeutics, Vedanta Biosciences, MaaT Pharma, Axial Therapeutics, Enterobiome, Enterome, Synlogic, BiomX, and Theriva Biologics (ex-Synthetic Biologics). These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new drugs for various therapeutic indications. 

Recent Developments 

  • On 22nd December 2022, Biomica Ltd, a subsidiary of Evogene Ltd (Israel) inked an agreement with the Shanghai Healthcare Capital to raise US$20 million through financing round. This capital raised by Biomica would help the company to accelerate its current ongoing clinical studies for drug candidates named BMC128 (Phase 1) and BMC333 (Phase 1) for therapeutic indications of immuno-oncology and Irritable Bowel Disease (IBD) respectively.  
  • On 22nd November 2022, AsiaBiome, a Hong Kong based start-up was acquired by Holobiome (U.S.). This acquisition will support Holobiome to access the robust donor network of Asian community and also explore the lucrative market of Asia in future. 

To access the data contained in this document please email [email protected]

To find more Visiongain research reports on the Pharma sector, click on the following links: 

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]

About Visiongain 

Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs. 

Contact: 

Oliver Davison
Visiongain Reports Limited 
Telephone: +44 (0) 20 7336 6100 
Email: [email protected]
Web: www.visiongain.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

Published

on

wio-taps-gracenote-to-revolutionize-television-broadcast-reporting

LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
Logo – https://mma.prnewswire.com/media/2410159/wio_gracenote.jpg
Logo – https://mma.prnewswire.com/media/2410160/powered_by_gracenote_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wio-taps-gracenote-to-revolutionize-television-broadcast-reporting-302142826.html

Continue Reading

Artificial Intelligence

IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

Published

on

idtechex-explores-printed-electronics-in-electrified-and-autonomous-mobility

BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
Image download:
https://www.dropbox.com/scl/fo/26ylbecu6ztl4larjuycj/AFbRjqvsovp8yj-f9JOQLEg?rlkey=4e2lb1pqbl9rsfzp73bunm57j&st=t60swtdx&dl=0 
Media Contact:
Lucy RogersSales and Marketing [email protected] +44(0)1223 812300
Social Media Links:
Twitter: www.twitter.com/IDTechExLinkedIn: www.linkedin.com/company/IDTechEx
Photo – https://mma.prnewswire.com/media/2408851/IDTechEx_applications.jpg

View original content:https://www.prnewswire.co.uk/news-releases/idtechex-explores-printed-electronics-in-electrified-and-autonomous-mobility-302141570.html

Continue Reading

Artificial Intelligence

Identity Threat Detection and Response (ITDR) Market worth $35.6 billion by 2029- Exclusive Report by MarketsandMarkets™

Published

on

identity-threat-detection-and-response-(itdr)-market-worth-$35.6-billion-by-2029-exclusive-report-by-marketsandmarkets™

CHICAGO, May 10, 2024 /PRNewswire/ — The growing need for identity-centric security solutions brought on by an increase in cyberattacks and regulatory compliance requirements will define the Identity Threat Detection and Response (ITDR) Market in the future. The growth of ITDR solutions towards more proactive and autonomous security operations is being shaped by several major trends, including integration with IAM platforms, use of AI and ML technologies, and emphasis on UEBA and Zero Trust security.

The global Identity Threat Detection and Response Market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period, according to a new report by MarketsandMarkets™. The expansion of identity threat detection and response (ITDR) is propelled by the continuously evolving global threat landscape and combating threat-targeting identities and identity systems. ITDR provides response strategies ensuring the protection of sensitive and confidential data.
Browse in-depth TOC on “Identity Threat Detection and Response (ITDR) Market”
266 – Tables 48 – Figures273 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259116012
Scope of the Report
Report Metrics
Details
Market size available for years
2022-2029
Base year considered
2023
Forecast period
2024-2029
Forecast units
Value (USD) Billion
Segments Covered
By offering deployment mode, organization size, vertical and region
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US), Oort(US), Vectra (US), Proficio (US), Qomplx (US), Adaptive Shield (Israel), Acalvio (US), Authorize (Israel), Illusive (US), Mindfire (UAE), Rezonate (US), Semperis (US), Sentinelone (US), Silverfort (Israel), Netwrix (US), Vericlouds (US), Microminder (UK), Quorum Cyber (UK) and Mix mode (US). 
Governments worldwide increasingly emphasize the importance of robust identity threat detection and response (ITDR) solutions to counter growing cyber threats and safeguard critical infrastructure. Key initiatives include funding research and development grants, supporting startups through grants and incubator programs, and enforcing data privacy regulations like GDPR and CCPA. They also promote cybersecurity frameworks, critical infrastructure protection standards, and public awareness campaigns. Collaboration with the private sector, through partnerships and procurement policies, further drives ITDR market growth. These efforts underscore a global recognition of ITDR’s significance in enhancing digital security and compliance with industry regulations.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=259116012
By deployment mode, the cloud segment is expected to demonstrate the highest growth rate in the Identity Threat Detection and Response Market during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is experiencing a notable shift towards cloud-based deployments, which are projected to dominate in the coming years. Cloud solutions offer various advantages, including scalability, reduced infrastructure costs, faster deployment, improved accessibility, and automatic updates. With businesses increasingly adopting cloud technologies and prioritizing agility and innovation, cloud-based ITDR solutions align well with this evolving landscape. The cybersecurity skills shortage further drives the preference for cloud solutions, given their built-in automation and ease of management. While on-premises ITDR solutions may still be favored in scenarios with stringent data security requirements, the overall trend favors cloud-based deployments due to their scalability, agility, and cost-effectiveness. Cloud providers continue to innovate and enhance their offerings, making them increasingly attractive to businesses of all sizes, ultimately shaping the dominance of cloud-based ITDR in the foreseeable future.
Based on organization size, the SMEs segment is projected to exhibit the highest growth rate at the highest CAGR during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is set for significant growth, particularly among Small and Medium-Sized Enterprises, driven by several key factors. SMEs face increased vulnerability due to limited security resources, a growing reliance on digital tools, and evolving cyber threats. Heightened awareness of cyber risks and emerging data privacy regulations are pressuring SMEs to invest in ITDR solutions. The affordability and scalability of cloud-based ITDR solutions further contribute to SME adoption. These solutions offer improved threat detection, enhanced user access control, and simplified compliance management, positioning SMEs as pivotal drivers of growth in the ITDR market.
Asia Pacific is anticipated to experience substantial growth with the highest CAGR in the Identity Threat Detection and Response Market during the forecast period.
The Identity Threat Detection and Response (ITDR) Market is experiencing remarkable growth globally, particularly in the Asia-Pacific region, where it is projected to witness the highest Compound Annual Growth Rate. This surge is fueled by several factors specific to the area. APAC’s rapid digital transformation, propelled by adopting cloud computing, mobile technologies, and e-commerce platforms, creates an expanded attack surface for cyber threats. Heightened regulatory focus on data privacy regulations in countries like China, India, and Australia drives the demand for robust ITDR solutions to ensure compliance. The emergence of domestic cybersecurity vendors in APAC and the increasing adoption of cloud-based ITDR solutions contribute to market growth. Government initiatives, such as heavy investments in cybersecurity infrastructure and public-private partnerships, create a supportive environment for the ITDR market’s expansion. Despite facing challenges like a shortage of skilled cybersecurity professionals, the APAC region’s unique dynamics position it as a key driver of ITDR market growth. It is crucial in protecting critical infrastructure and businesses against cyber threats in the digital age.
Top Key Companies in Identity Threat Detection and Response (ITDR) Market:
The major players in the Identity Threat Detection and Response Market are Microsoft (US), IBM (US), CrowdStrike (US), Zscaler (US), Tenable (US), Veronis (US), BeyondTrust (US), CyberArk (US), Proofpoint (US), Quest (US), Oort(US), Vectra (US), Proficio (US), Qomplx (US), Adaptive Shield ( Israel), Acalvio (US), Authomize (Israel), Illusive (US), Mindfire (UAE), Rezonate (US), Semperis (US), Sentinelone (US), Silverfort (Israel), Netwrix (US), Vericlouds (US), Microminder (UK), Quorum Cyber (UK) and Mixmode (US).
Recent Developments
January 2024 – IBM collaborated with ASUS to enhance cybersecurity by utilizing AI-powered security technologies to detect and remediate attacks swiftly. IBM’s QRadar EDR will be integrated directly into ASUS’s business hardware, supported by MDR services from IBM.January 2024 – Aembit integrates its Workload IAM Platform with CrowdStrike Falcon for real-time security posture assessment, enabling dynamic access policy enforcement. This collaboration enhances ITDR capabilities, ensuring secure workload-to-workload access.October 2023 – BeyondTrust partnered with the AWS SaaS Factory team to build their Identity Security Insights solution as a SaaS offering on AWS. This collaboration helped BeyondTrust navigate business and technical decisions for a successful SaaS model launch.September 2023 – CyberArk collaborates with Accenture to deploy CyberArk Privilege Cloud to enhance PAM solutions. This initiative aims to bolster cybersecurity defenses by managing and monitoring privileged access, which is crucial for ITDR. The collaboration leverages CyberArk’s Identity Security Platform, enabling comprehensive security for identities across various IT environments, aligning with ITDR principles by securing access and mitigating risks associated with privileged accounts.July 2023 – Microsoft partnered with CISA by offering expanded cloud logging capabilities at no additional cost. This initiative directly supports ITDR by improving detection and response to identity-related threats, making it easier for organizations to maintain identity integrity and security through better visibility and monitoring of security incidents.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=259116012
Identity Threat Detection and Response (ITDR) Market Advantages: 
ITDR solutions assist avoid security breaches and data loss by enabling organisations to proactively detect and respond in real-time to identity-related threats such account takeovers, credential stuffing, and insider threats.ITDR solutions assist organisations in strengthening their security posture and safeguarding sensitive data and assets from unauthorised access and misuse by continually monitoring user activities, access patterns, and behaviour across digital channels and systems.Rapid incident response is made possible by ITDR systems, which immediately notify security teams of potentially dangerous activity and security issues. This allows the teams to quickly investigate and neutralise threats to minimise the damage to the organisation.By offering thorough visibility, audit trails, and reporting capabilities, ITDR solutions help enterprises comply with legal and regulatory requirements pertaining to identity and access management, data protection, and cybersecurity.ITDR systems with advanced analytics and machine learning capabilities help minimise noise and false positives, allowing security professionals to concentrate on real threats and efficiently prioritise their response efforts.Numerous ITDR systems come with easy-to-use dashboards and interfaces that give security teams the tools and knowledge they need to effectively monitor, assess, and address identity-related threats without the need for in-depth training or specialised knowledge.Organisations may take advantage of their investments and coordinate automated response activities throughout the security ecosystem by integrating ITDR solutions with pre-existing security technologies and systems like SIEM, IAM, CASB, and SOAR platforms.Report Objectives
To describe and forecast the global Identity Threat Detection and Response Market by offering, deployment mode, organization size, vertical, and regionTo forecast the market size of five central regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin AmericaTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo provide detailed information related to significant factors (drivers, restraints, opportunities, and challenges) influencing the growth of the marketTo analyze the opportunities in the market for stakeholders and provide the competitive landscape details of major playersTo profile the key players of the Identity Threat Detection and Response Market and comprehensively analyze their market shares and core competenciesTo track and analyze competitive developments, such as Mergers and Acquisitions (M&A), new product developments, and partnerships and collaborations in the marketTo track and analyze the impact of COVID-19 on the Identity Threat Detection and Response MarketBrowse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Physical Security Information Management Market- Global Forecast to 2029
Operational Technology Security Market- Global Forecast to 2029
Identity Verification Market- Global Forecast to 2028
Cloud Data Security Market- Global Forecast to 2027
Big Data Security Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/identity-threat-detection-and-response-itdr-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source : https://www.marketsandmarkets.com/PressReleases/identity-threat-detection-and-response-itdr.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/identity-threat-detection-and-response-itdr-market-worth-35-6-billion-by-2029–exclusive-report-by-marketsandmarkets-302142224.html

Continue Reading

Trending