Demand in the Identity and Access Management (IAM) market was, by revenue, $ 10. 12 billion in 2018 and is expected to reach $ 23 billion. 30 billion in 2025, at a compound annual growth rate of 12. 67% from 2019 to 2025. Global identity and access management is expected to grow at a significant rate due to a number of driving factors.
The global Identity and Access Management (IAM) market is divided into solutions, services, deployment type, industry sector, and region. On the basis of the solution, the market is divided into advanced authentication, identity proof and more services. By service, the market is divided into professional services and managed services. By type of deployment, the market is divided into cloud and on-premises. By industry, the vertical market is divided into Banking, Healthcare, Information Technology, &, &, Retail, Energy, Utilities, &, Public Sector, etc.
The study provides an important view of the global identity and access management market by segmenting the market based on components, deployment, end user, and region. Component Based Acquisition, Password Management, Directory Services, Advanced Authentication, Auditing, Compliance, & Governance And Others. On the basis of the deployment model, the market is segmented into in-company and cloud. Depending on the end user, the market is segmented into the sectors of telecommunications, information technology, manufacturing, healthcare, life sciences, retail, CPG, public sector, utilities, energy, BFSI, education, etc.. At the country level, the global IDA market is divided into U. s. , Canada, U.. K. France, Germany, Italy, China, Japan, India, Southeast Asia, Brazil, Mexico, GCC countries, Africa, etc..
Some of the major players in the global Identity and Access Management (IAM) market are Onegini, TransUnion, Ping Identity Corporation, and Gigya Inc. , Centrify Corporation, Okta Inc. , Experian PLC, Janrain Inc. , Mitek Systems Inc. , Traxion Corporation. , LexisNexis Risk Solutions Inc. , MorphoTrust USA, GB Group Plc, ID Analytics LLP, Aware Inc. , Equifax Corporation. And others
The benefits of identity and access management are many and include verifying user and device identities and managing their access to enterprise resources. Typically, IAM enables new applications and services to be accessed quickly and securely by providing essential user information to applications for automation and decision-making purposes. Its benefits also include a central identity database that stores essential information about identities and their characteristics for use by all systems to manage access, collect business information, and improve information security.. As companies become more aware of business identity and access management benefits such as compliance, or cybercrime and threat management, they implement effective IAM program and technology, and employ a Certified Identity and Access Manager (CIAM). In many organizations, users sometimes have more access privileges than necessary. A robust IAM system can add an important layer of protection by ensuring the consistent application of user access rules and policies across the organization. Identity and access management systems can boost business productivity. Centralized systems management capabilities can reduce the complexity and cost of protecting and accessing user credentials.
Identity and Access Management (IAM) is used to understand business benefits in terms of management control, operational efficiency, cost savings, and business development for e-commerce. The identity and access management market is mainly driven by the growing demand for security governance, enforcement concerns, distributed systems and workforce, and also by the low quality of security services within organizations.. For example, according to Varonis in 2016, 3 billion Yahoo accounts were hacked in one of the largest breaches of all time.. While Uber reported the same year that hackers stole more than 57 million passengers and driver information. Because of this type of incident, companies have to install identity and access management systems to improve security. In addition, modifications in technology are one of the factors forcing organizations to search for identity and access management solutions. Like the Internet of Things (IoT), it will make nearly every object connected to the Internet and some others including drones, cars, and home appliances.. In addition to BYOD policies by many organizations, they are increasingly allowing users to use their own devices for business purposes making security and privacy a real challenge.. Moreover, technological development in this market provides an opportunity for the market.
The global identity and access management market is expected to witness profitable growth during the forecast period due to the increasing need for compliance management, risk reduction, and prevention of advanced insider threats in the BFSI sector driving the market. In addition, the increased risk of data exposure, data loss, data leakage, internal attacks, and unsafe use is also driving increased demand for identity and access management.. These cyber attacks are mainly fueled by the growing reliance on emerging technologies such as cloud-based services, the Internet of Things (IoT), and bringing in your own hardware (BYOD) across organizations around the world.. Moreover, the increasing trend of mobility is also driving the demand for IAM solutions in various sectors. However, the lack of effective identity and access management poses significant risks to compliance and overall security of organizations, which may impede market growth.. Nevertheless, the increasing adoption of cloud and SaaS applications in the BFSI sector and expansion of the banking sector in emerging economies may provide various opportunities for further market growth.
North America captured the largest xx% market share in 2018 of the Global Identity and Access Management market during the forecast period. North America is the region in the world hardest hit by cyber attacks. It is considered the most advanced region in terms of adopting cyber technology and infrastructure. In addition, the presence of leading players and the growing demand for identity and access management in various industries, such as energy, education, telecommunications, information technology, etc.. This region also complements the growth of the market. Europe is expected to rank second in the market due to the increasing demand for identity and access management from small and medium-sized companies in major countries such as Germany, France and the United Kingdom.. .
The Asia-Pacific market is expected to record significant growth in the forecast period, due to the increasing cyber threats and the deployment of IAM solutions across developing countries in the region. According to Spain and Australia. org, in 2016, 66% of Asia Pacific organizations increased cybersecurity budgets. This was more pronounced in India at 92%, in China 78% and much less in Hong Kong 52% and Australia 50%..
The Global Market Research Report provides detailed information about the market introduction, market summary, global market revenue (revenue in USD), market drivers, market restraints, market opportunities, competitive analysis, regional and country level..
1. Chapter – Report Methodology
1. 1. Search process
1. 2. A preliminary search
1. 3. Secondary research
1. 4. Market size estimates
1. 5. Data triangulation
1. 6. Prediction model
1. 7. USP report
1. 8. Description of the report
2. Chapter – Global Identity and Access Management (IAM) Market Overview: Qualitative Analysis
2. 1. Market introduction
2. 2. Executive summary
2. 3. Market Ranking for Global Identity and Access Management (IAM)
2. 4. Market drivers
2. 5. Market restrictions
2. 6. Market opportunity
2. 7. Identity and Access Management (IAM) Market: Trends
2. 8. Porter’s Five Forces analysis
2. 9. Market attractiveness analysis
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Identity Management, Cloud Computing, Centrify, IBM
World News – CA – The Identity and Access Management (IAM) market is expected to grow at a compound annual growth rate of 12. 67% and projections to 2025 – Re: Jerusalem
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