Global Identity & Access Management market has seen tremendous opportunities in the future. High advancement in the field of technology and high adoption of automation in the business process is expected to drive the market of Identity & Access Management.
In the past few years, the world has seen revolutionary technologies which have changed the whole process of data management. Companies are replacing their current technology infrastructure with new, more efficient products. IAM helps to organize the electronic identities more efficiency and gives the optimum control. Growing size of the organization, product expansion and geographical expansion are some of the key factors for the wide adoption of the IAM.
Also, growing the market of IOT, automation and cyber security around the world is also helping the market of Identity & Access Management to grow.
For the purpose of this study, Market Research Future has segmented the market of IAM into deployment, organization size and verticals. On the basis of deployment, the market has been segmented as on cloud and on premise. On cloud, the market has been further segmented as public cloud, private cloud and hybrid cloud. On the basis of the organization size, the market has been segments as SMEs and large enterprises.
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The prominent players in the Identity & Access Management Market are– 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.) among others.
The Global IAM market is expected to grow at USD 24 billion by the end of year 2022 with the 16% of compound annual growth rate.
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
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Market Research Future analysis shows that the market of IAM will grow with exponential growth during the forecast period. Automation in the IAM framework is attracting global attention and major companies such as Dell, Microsoft, Oracle among others have already added this in their product portfolio. In the coming years, it is expected that small organizations will also start adopting the IAM with much faster pace which they are currently adopting. Growing cloud market is one of the key driver for the adoption of IAM as most of the companies are upgrading their current infrastructure and adopting for cloud based services.
- IAM Service providers
- Software development companies
- Security service providers
- Market research companies
- Security software providers
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