SQL Server - Difference between Identity and Sequence in SQL Server 2012

The below mentioned points are the differences between Identity and Sequence .

S.No	Identity	Sequence
1	Dependant on table.	Independent from table.
2	Identity is a property in a table. Example : CREATE TABLE Table test_Identity ([ID] int Identity (1,1),[Product Name] varchar(50))	Sequence is an object. Example : CREATE SEQUENCE [dbo].[Sequence_ID] AS [int] START WITH 1 INCREMENT BY 1 MINVALUE 1 MAXVALUE 1000 NO CYCLE NO CACHE
3	If we need a new ID from an identity column we need to insert and then get new ID. Example : Insert into [test_Identity] Values (‘SQL Server’) GO SELECT @@IDENTITY AS ‘Identity’ –OR Select SCOPE_IDENTITY() AS ‘Identity’	In the sequence, we do not need to insert new ID we can view the new ID directly. Example : SELECT NEXT VALUE FOR dbo.[Sequence_ID]
4	We cannot perform a cycle in identity column. i.e, we cannot restart the counter after a particular interval.	In the sequence, we can simply add one property to make it a cycle. Example : ALTER SEQUENCE [dbo].[Sequence_ID]  CYCLE;
5	We cannot cache Identity column property.	Sequence can be easily cached by just setting cache property of sequence. It also improves the performance. Example : ALTER SEQUENCE [dbo].[Sequence_ID]  CACHE 3;
6	We cannot remove the identity column from the table directly.	The sequence is not table dependent so we can easily remove it
7	We cannot define the maximum value in identity column it is based on the data type limit.	Here we can set up its maximum value. Example : ALTER SEQUENCE [dbo].[Sequence_ID] MAXVALUE 2000;
8	We can reseed it but cannot change the step size. Example : DBCC CHECKIDENT (test_Identity, RESEED, 4)	We can reseed as well as change the step size. Example : ALTER SEQUENCE [dbo].[Sequence_ID] RESTART WITH 7 INCREMENT BY 2;
9	We cannot generate range from identity.	We can generate a range of sequence values from a sequence object with the help of sp_sequence_get_range.