The Report covers the present scenario and the growth prospects of the global identity and access management (IAM) market for 2017-2025. The market in 2017 has reached USD XX million and it is expected to grow at XX% CAGR, by 2025 it will be USD XX million.
Identity and access management (IAM) is, in computer security, the security and business discipline that enables the right individuals to access the right resources at the right times and for the right reasons. It addresses the need to ensure appropriate access to resources across increasingly heterogeneous technology environments and to meet increasingly rigorous compliance requirements.
Detailed TOC and Charts & Tables of Identity and Access Management (IAM) Market Research Report available at – http://www.reportbazzar.com/reports/RBPR2103201872620033/global-identity-and-access-management-iam-market-research-report-trends-and-forecast-2017-2025
IAM is the major contributor for the implementation of B2C and B2E applications, which will improve user experience and operational efficiencies. IAM solutions eliminate the misuse of data in organizations, which is one of the most crucial factors responsible for its widespread adoption by large- and medium-sized enterprises, as well as government organizations. IAM supports the growth of companies and helps them gain a competitive edge by addressing their security requirements, streamlining business processes, and improving operational efficiencies. IAM solutions can help small and medium enterprises (SMEs) as they offer a high level of security to critical business information, which has increased the adoption of secure SaaS IAM solutions by SMEs.
Segment Analysis by Services:
- The identity & access management market has been segmented into provisioning, single sign-on, advanced authentication, audit, compliance, and governance, directory services, and password management.
- The audit, compliance, and governance segment is expected to grow at the highest CAGR between 2017 and 2025.
- It continuously provides tremendous opportunities in public sector and utilities, and retail and CPG where compliance management and securing of data is crucial.
- This factor is driving the growth of the audit, compliance, and governance segment of the identity & access management market.
Segment Analysis by Industry Vertical:
- The BFSI segment accounted for the largest share of the identity & access management market in 2017.
- Rise in deployment of identity & access management solutions has enabled line-of-business managers to make quick decisions.
- Verticals such as retail and CPG, and healthcare and life sciences have achieved easier accountability and greater transparency with the deployment of identity & access management solutions.
Segment Analysis by Geography:
- The market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. The highest growth rate of the Asia-Pacific region can be attributed to the increasing adoption of identity & access management solutions in the significantly growing industrial sector in the region.
- Rise in demand for cloud-based solutions from manufacturing and other verticals is driving the identity & access management market in this region.
Key Player’s Analysis:
- The global IAM market is highly competitive with the presence of several vendors. With the increased adoption of IAM solutions and the entry of new vendors such as CA Technology, the market will exhibit high growth in the coming years.
- Besides offering single sign-on capabilities, new vendors have started structuring their services according to the changing business requirements by delivering IAM services for the cloud, mobile, and social applications
Prominent players of the IAM market are CA Technologies, Dell, Hitachi, IBM, Oracle, SailPoint Technologies, Bitium, Centrif, Covisint, Exostar, Fisher International, Ilantus Technologies, iWelcome B.V., Microsoft, Okta, OneLogin, Oracle, Salesforce, SAP, and Simeio Solutions.
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