Bettering consumer experience and business workflow are now of utmost priority. Identity access management (IAM) system is one such program that by storing personal information gives access to individuals by that record. On the other hand, cases involving consumers can be bettered by providing a customized solution for individuals based on their previous experiences. The growth of identity access management system is on a fast-track. The global identity access management system market can expect an astounding 16% CAGR to reach a valuation of USD 24 billion during the forecast period (2016-2022). Market Research Future (MRFR), while analyzing the identity access management system market patterns, included drivers that can prove beneficial and an in-depth analysis of segments and the report aims at providing a reliable growth prediction. The high rate of adoption by the large enterprises, research & development related investments, increasing automation penetration across sectors and high demand for security services are ensuring safe passage towards growth for the identity access management system market.
On the flip side, scarcity of skilled labors, along with high implementational cost could prove to be a market deterrent. This could hold up the smooth flow during the forecast period which the identity access management system is enjoying for so long.
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Market Key Players
- F5 Networks (U.S.),
- Amazon Web Services (U.S.),
- HP (U.S.),
- IBM (U.S.),
- Microsoft Inc. (U.S.),
- Oracle Corporation (U.S.),
- Siemens AG (Germany),
- Dell Inc. (U.S.),
- CA Technologies (U.S.),
- ForgeRock Inc. (U.S.),
- Gemalto (Netherlands),
- Centrify (U.S.),
GlobalSign (U.K), Accenture PLC (Republic of Ireland), NTT Communications (Japan), Infosys Ltd (India), HCL Technologies (India), Happiest Minds (India), Capgemini Worldwide (France), Cognizant Technology Solutions (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Identity & Access Management Market.
According to MRFR, The Global Identity & Access Management Market is expected to grow at USD 24 billion by the end of year 2022 with the 16% of compound annual growth rate.
Competitive Analysis and Regional Analysis
The market of identity & access management appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.
North America is dominating the global identity & access management market with the largest market share due to the rich presence of manufacturing industry, which is gaining demand in identity & access management market in these region, and is expected to gain growth by 2022. Global identity & access management market in European market is expected to grow at a substantial high CAGR during 2016 to 2022 due to growing BFSI industry in U.K. The Asia Pacific market for identity & access management market is expected to grow at a considerable CAGR (2016-2022) due to strong presence of semiconductor and other manufacturing industry in China, South Korea and Taiwan.
The identity & access management market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Deployment: Comprises On Cloud (Public, Private, and Hybrid) On Premise.
Segmentation by Organization Size: Comprises SMEs, Large Enterprises.
Segmentation by Verticals: Comprises BFSI, Manufacturing, IT & Telecommunication, Government, Healthcare and others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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North America is dominating the market IAM. Factors such as high technological advancement, presence of global players and developed nations such as U.S. and Canada gives North America a competitive advantage over other regions. Europe stands as second biggest market due to the rich presence of manufacturing industry and growing BFSI industry in U.K. Asia-Pacific is also showing positive trend in this market due to the growing economy of China and India. Rich presence of semiconductor and other manufacturing industry in China, South Korea and Taiwan are supporting the market of IAM in Asia Pacific region.
- IAM Service providers
- Software development companies
- Security service providers
- Market research companies
- Security software providers
LIST OF TABLES
Table 1 Global Identity & Access Management Market, By Deployment
Table 2 Global Identity & Access Management Market, By Organization Size
Table 3 Global Identity & Access Management Market, By Verticals
Table 4 Global Identity & Access Management Market, By Regions
Table 5 North America Identity & Access Management Market, By Country
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LIST OF FIGURES
Figure 1 Research Methodology
Figure 2 Global Identity & Access Management Market: By Deployment (%)
Figure 3 Global Identity & Access Management Market: By Organization Size (%)
Figure 4 Global Identity & Access Management Market: By Verticals (%)
Figure 5 Global Identity & Access Management Market: By Region
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