Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Artificial Intelligence Software System Market Analysis from 2023 To 2030 is Projecting a CAGR 31.5%, With Trends Analysis by Type & Application, Regional Outlook, Revenue, Major Key Players and Market Segment and Forecast Research

Published

on

<!– Name:DistributionId Value:8837306 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:500070739 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:c86b776f-3511-4ebb-9918-1f5f81ae7e14 –>

Pune, May 11, 2023 (GLOBE NEWSWIRE) — Global Artificial Intelligence Software System Market [2023-2030] Research Report Analysis and Outlook Insights | Latest Updated Report 109 Pages Report | The Artificial Intelligence Software System Market Size, Share, Growth, and Industry Analysis is Segmented based on by Types (On-Premise, Cloud-based), and by Applications (Voice Processing, Text Processing, Image Processing) and by Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). Industry Trends, and Forecast to 2030. The Artificial Intelligence Software System market research report analyses the global and regional markets, providing an in-depth analysis of the market’s overall growth potential and Forecast. Moreover, Artificial Intelligence Software System market research report provides exclusive vital statistics, data information, demand, and competitive landscape insights in this niche sector. These insights enable them to make informed decisions and develop effective growth strategies.

“According to Our Latest Research Report on the Global Artificial Intelligence Software System Market reveals that the industry is experiencing substantial growth worldwide. The report provides a comprehensive analysis of the market’s current size, trends, share, and economic analysis, as well as a forecast for the year up to 2030” Ask for a Sample Report

Artificial Intelligence Software System Market Overview Outlook by 2030:

  • The Global Artificial Intelligence Software System Market Reached USD 22600 Million in 2021.
  • It is Estimated to Grow at a CAGR of 31.5% from 2022 to 2028.
  • The Global Artificial Intelligence Software System Market Expected to Reach USD 156800 Million by 2028
  • Top Regions Data Covered in this Report. (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

Get a Sample PDF of the report at – https://www.marketreportsworld.com/enquiry/request-sample/21605868

This report gives a detailed description of all the factors influencing the growth of these market players as well as profiles of their companies, their product portfolios, marketing strategies, technology integrations, and more information about these market players. Some of the key players are as follows:

List of Top Leading Players of the Artificial Intelligence Software System Market –

  • Google
  • Baidu
  • IBM
  • Microsoft
  • SAP
  • Intel
  • Salesforce
  • Brighterion
  • KITT.AI
  • IFlyTek
  • Megvii Technology
  • Albert Technologies
  • H2O.ai
  • Brainasoft
  • Yseop
  • Ipsoft
  • NanoRep(LogMeIn)
  • Ada Support
  • Astute Solutions
  • IDEAL.com
  • Wipro

Get a Sample Copy of the Artificial Intelligence Software System Market Research Report [2023-2030]

Global Artificial Intelligence Software System Market Insights and Analysis –

Artificial Intelligence Software System market 2023-2030 delivers a comprehensive overview of growth rate, industry size, market share, recent technology, new developments, and trends update. This report also covers a detailed study of geographical regional segments, market dynamics, ongoing trends, drivers, restraints, and challenges faced in the industry. The report also focuses on global major leading industry players of the global Artificial Intelligence Software System market providing information such as company profiles, product pictures and specifications, price, cost, revenue, and contact information. From a global perspective, this report represents the overall Artificial Intelligence Software System market size by analyzing historical data and future prospects. Furthermore, the report added compelling business systems, deals income, CAGR status, and SWOT investigation. It also covers industry segmentations (Manufacture, Type, Applications, and Geographical Regions) with value and volume.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Artificial Intelligence Software System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Artificial Intelligence Software System market in terms of revenue.

Get a Sample Copy of the Artificial Intelligence Software System Market Research Report [2023-2030]

 Global Artificial Intelligence Software System Market Size in 2023 – Competitive Landscape

As the market is constantly evolving, the report explores the competition, supply, and demand trends and key factors that contribute to the changing demands of the market across various regions. The report includes company profiles and product examples of selected competitors, along with market share estimates of some of the leading companies for the year 2023. This report can be a valuable tool for businesses seeking to expand their market reach by targeting niche markets and understanding the dynamics of the Artificial Intelligence Software System industry.

COVID-19 Impact on the Artificial Intelligence Software System Market –

The Covid-19 pandemic has significantly impacted the global economy, including the Artificial Intelligence Software System market. With the sudden lockdowns and social distancing measures enforced globally, various industries and businesses have been severely affected, leading to a decline in demand for certain products and services. The Artificial Intelligence Software System market is no exception, and it has also witnessed a decline in demand during the pandemic.

The pandemic has affected the supply chain and disrupted manufacturing processes, leading to a shortage of raw materials and a delay in product delivery. This situation has caused a decline in production levels and sales of Artificial Intelligence Software System products. Furthermore, the uncertainty caused by the pandemic has led to a decrease in consumer spending, which has further impacted the Artificial Intelligence Software System market. However, the Artificial Intelligence Software System market has also witnessed an increase in demand in some sectors, such as healthcare and e-commerce, due to the pandemic.

To Know How Covid-19 Pandemic and Russia Ukraine War Will Impact This Market – Get a Sample Copy of the Report

Artificial Intelligence Software System Market Segmentation –

The Artificial Intelligence Software System Market is segmented by type and application, providing accurate consumption value calculations and forecasts for both volume and value between 2016 and 2030. This insightful analysis can assist in identifying and targeting specialized niche markets, aiding in business expansion efforts. Additionally, the report includes detailed segment data, such as type, industry, and channel, covering the period from 2016 to 2022, with forecast data extending to 2030. The Global Artificial Intelligence Software System Market is segmented according to product type, product application, and region, with varying segmentations across different industries. Furthermore, the report highlights the market growth across different regions globally, including country-specific consumption and market size for the Artificial Intelligence Software System Market.

Artificial Intelligence Software System Market Segmentation by Product Type:

  • On-Premise
  • Cloud-based

Artificial Intelligence Software System Market Segmentation by Product Application:

  • Voice Processing
  • Text Processing
  • Image Processing

Enquire before purchasing this report – https://www.marketreportsworld.com/enquiry/pre-order-enquiry/21605868

Regions and Countries Level Analysis – Top Countries Data

The report on the global Artificial Intelligence Software System market includes a thorough analysis of the regional landscape, which offers a comprehensive overview of the sales growth in various regional and country-level markets. The study presents a detailed and precise volume analysis of each country and a comprehensive market size analysis of each region in the global Artificial Intelligence Software System market.

Artificial Intelligence Software System Market Segmentation by Region –

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia, etc.)
  • Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)

Global Artificial Intelligence Software System Market Drivers and Restraints –

  • Increased competition: The global Artificial Intelligence Software System market is becoming increasingly competitive, with more businesses vying for the attention of consumers through digital advertising. This competition is both a driver and a restraint, as companies try to gain an edge over their rivals.
  • Technological advancements: The development of new technologies, such as machine learning algorithms and natural language processing, is driving innovation in the Artificial Intelligence Software System market. However, the pace of technological change can also be a restraint, as businesses struggle to keep up with new trends and tools.
  • Changing consumer behavior: As consumer behavior shifts towards online shopping and mobile devices, the importance of Artificial Intelligence Software System targeting has grown. However, changing consumer preferences can also be a restraint, as businesses try to adapt to evolving trends and customer demands.
  • Regulatory challenges: The Artificial Intelligence Software System market is subject to a range of regulations and restrictions, particularly in the areas of data privacy and online advertising. These regulations can be a restraint, as businesses try to navigate complex legal requirements and avoid potential penalties.
  • Economic factors: The global economy plays a significant role in the Artificial Intelligence Software System market, with factors such as inflation, exchange rates, and consumer spending all impacting demand for digital advertising. Economic factors can be both a driver and a restraint, depending on the prevailing conditions in different markets.
  • Emerging markets: The growth of emerging markets, particularly in Asia and Africa, presents both opportunities and challenges for the Artificial Intelligence Software System market. These markets offer significant growth potential but also require businesses to adapt their strategies to local languages, cultures, and consumer preferences.
  • Industry consolidation: The Artificial Intelligence Software System market is characterized by a large number of players, from small agencies to multinational corporations. However, there is a trend towards industry consolidation, as larger companies acquire smaller ones or merge with rivals. This consolidation can be a driver, as companies seek to gain market share and improve efficiency, but it can also be a restraint, as smaller businesses struggle to compete against larger rivals.

Key Reasons to Buy this Report:

  • Comprehensive analysis of the Artificial Intelligence Software System market, providing valuable insights into the industry.
  • In-depth examination of the market’s product scope, opportunities, driving forces, and risks.
  • Detailed profiling of the top Artificial Intelligence Software System manufacturers, including their sales, revenue, and global market share.
  • Analysis of the competitive landscape of the Artificial Intelligence Software System market, including sales, revenue, and global market share of top manufacturers.
  • Regional and country-level analysis of Artificial Intelligence Software System sales, revenue, and growth, providing a comprehensive understanding of the market’s performance.
  • Market segmentation by type and application, with sales market share and growth rate for each segment.
  • Forecast of Artificial Intelligence Software System market performance by region, type, and application, from 2023 to 2030.
  • Identification of sales channels, distributors, and customers, along with research findings and conclusion, appendix, and data source.
  • Valuable insights and recommendations for businesses and investors looking to expand into the Artificial Intelligence Software System market.

Purchase this report (Price 2900 USD for single user license) – https://www.marketreportsworld.com/purchase/21605868

Table of Content – 

1 Report Overview

1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Artificial Intelligence Software System Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
1.2.2 On-Premise
1.2.3 Cloud-based
1.3 Market by Application
1.3.1 Global Artificial Intelligence Software System Market Share by Application: 2017 VS 2021 VS 2028
1.3.2 Voice Processing
1.3.3 Text Processing
1.3.4 Image Processing
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends

2.1 Global Artificial Intelligence Software System Market Perspective (2017-2028)
2.2 Artificial Intelligence Software System Growth Trends by Region
2.2.1 Artificial Intelligence Software System Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Artificial Intelligence Software System Historic Market Size by Region (2017-2022)
2.2.3 Artificial Intelligence Software System Forecasted Market Size by Region (2023-2028)
2.3 Artificial Intelligence Software System Market Dynamics
2.3.1 Artificial Intelligence Software System Industry Trends
2.3.2 Artificial Intelligence Software System Market Drivers
2.3.3 Artificial Intelligence Software System Market Challenges
2.3.4 Artificial Intelligence Software System Market Restraints

3 Competition Landscape by Key Players

Continued…!!

Browse the complete table of contents at – https://www.marketreportsworld.com/TOC/21605868

About Us –

Market Reports World is the Credible Source for Gaining the Market Reports that will provide you with the Lead Your Business Needs. The market is changing rapidly with the ongoing expansion of the industry. Advancement in technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of market movements in order to strategize better. An efficient strategy offers the companies a head start in planning and an edge over the competitors.


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