Based on Offering the market is divided into two segments: Solutions and Services. The Services category led the industry. Many firms lack the specific knowledge and experience needed to implement ITDR solutions internally. These solutions frequently need to be customized in order to fit each organization's particular security infrastructure and threat scenario. This crucial customization is provided by service providers, guaranteeing seamless integration with current procedures and systems. 

Based on Deployment Mode the market is divided into two segments: On-Premises and Cloud. The cloud sector led the industry. Scalability, reduced infrastructure costs, faster deployment, improved accessibility, and automatic upgrades are just a few advantages of cloud solutions. Cloud-based ITDR solutions are well-suited to this changing environment as companies value agility and innovation and embrace cloud technologies more and more. The lack of cybersecurity expertise further increases the appeal of cloud solutions because of their inherent automation and manageability. 

Based on Organization Size the market is divided into two segments: Large Enterprises and SMEs. The SMEs segment dominated the market. Due to their rising reliance on digital technologies, limited security resources, and changing cyberthreats, SMEs are particularly vulnerable. SMEs are investing in ITDR solutions as a result of new data protection laws and increased awareness of cyberthreats. Cloud-based ITDR solutions, which provide better threat detection, better user access control, and easier compliance management, are especially attractive because to their affordability and scalability. Because of this, SMEs are important growth drivers in the ITDR market. 

Based on Vertical the market is divided into ten segments: BFSI, Retail & eCommerce, Government & Defense, Gaming & Gambling, IT & ITeS, Telecommunication, Energy & Utilities, Education, Healthcare & Lifesciences and Other Verticals. The BFSI segment led the industry. The necessity for sophisticated security measures is highlighted by the changing cyberthreats that BFSI institutions must contend with, such as insider threats and targeted assaults. ITDR solutions solve important issues in the BFSI industry by offering advantages such better fraud detection, more regulatory compliance, and stronger account protection. Additionally, the industry faces difficulties like the cybersecurity skills gap and antiquated systems. Notwithstanding these challenges, ITDR solutions will continue to be essential for protecting data, controlling access, guaranteeing regulatory compliance, and establishing the BFSI sector as a leader in the ITDR market as it adopts digital transformation and open banking initiatives. 

North America dominated the global ITDR market. A number of important variables are responsible for the expected growth of the Identity Threat Detection and Response (ITDR) market in North America. An advanced and well-established IT infrastructure in North America facilitates the smooth deployment and integration of ITDR solutions. Cloud services are widely used in the area, which facilitates the deployment of cloud-based ITDR solutions by offering scalability, flexibility, and cost-effectiveness. 

                    Get more information on this report: Download Free Sample PDF

The market for Identity Threat and Detection Response (ITDR) is very competitive. These organizations focus on continuous research and development to enhance their product offerings, integrating advanced technologies like AI and machine learning. Some of the prominent players in Global Identity Threat and Detection Response (ITDR) Market are BeyondTrust, CrowdStrike, CyberArk, IBM, Microsoft, Proofpoint, Quest, Tenable, Veronis and Zscaler. 

In October 2023, BeyondTrust developed their Identity Security Insights service as a SaaS offering on AWS in partnership with the AWS SaaS Factory team. This collaboration made it easier to make technical and strategic commercial decisions, which helped their SaaS model launch successfully. 

In July 2023, Microsoft collaborated with CISA to improve cloud logging features at no additional cost. By strengthening the detection and response to identity-related threats, this project immediately improves ITDR. This allows enterprises to maintain identity integrity and security through improved visibility and security incident monitoring.