The global identity and access management market is expected to reach USD
24.55billion by 2022, according to a new report by Grand View Research, Inc.
Increased spending by large scale enterprises and government organizations
along with stringent regulatory compliances are expected to drive industry
growth. Rise in web-based applications, risk management such as policy-based
compliance and audit management combined with cost containment are the key
factors driving demand. Additionally, growing popularity of connected devices,
Bring Your Own Device (BYOD) and Internet of Things (IoT) are projected to
positively impact the identity and access management market.
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U.S. identity and access management market share by deployment, 2012 –
2022 (USD Million)
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Growing innovation with interoperable technologies are enabling providers
in building advanced solutions including secure print authentication and EV
charging station access.
The global IAM market is expected to witness significant growth owing to
surging demand across various application segments. Cloud-based and hybrid
solutions are estimated to extend their footprints in the industry with
enhanced security and minimize error rates features. Commoditization of
identity functions and the explosion of available applications are expected to
compel enterprises to seek more scalable options.
In depth research report on Identity and Access Management (IAM) Market
Further key findings from the report suggest:
·
Cloud-based identity and access management marketis
expected to witness robust demandby 2022, growing at a CAGR of over 18% from
2015 to 2022. Cloud is changing the way a business operates, driven by
economies of scale and cost- effectiveness. Cloudis expected to redefine the
traditional IT security landscape and gain maximum share of on-premise
solutions by blending cloud technology in the IAM landscape. Rising demand for cloud-SSO is also a key
factor supporting expansive adoption among enterprises.
·
Public sector and utilities sector accounted for over 25%
of the revenue in 2014 and is anticipated to exhibit significant growth over
the next seven years. Notable trends such as economic growth, industrial
transformation, and demographic changes need to be mastered by matching
infrastructure and effective administration, thus driving demand.
·
North Americaidentity and access management market
dominated demand in 2014, and is expected to account for over 34% of the
overall share by 2022.Many federal agencies across the U.S. require employees
to use a hardware-based personal identification verification card or an
alternative form of strong authentication while accessing government IT
infrastructure and networks. Various federal government agencies such as
department of the interior, transportation and veteran affairs are implementing
strong authentication measures which are estimated to drive demand across this
region.
·
Identity and access management market share is occupied by
companies such as IBM, NetIQ Corporation, Oracle, CA Technologies and HID
Global Corporation. Companies operating across cloud platforms are offering
complete on-demand development tools and environment such as cloud database and
cloud infrastructure layer which is enabling enterprise IT groups to test,
develop and deliver customer on-demand business applications without investing
in traditional system infrastructure or software.
Grand View Research has segmented the Identity and Access Management
(IAM) market on the basis ofdeployment, end-use and region:
IAM Deployment Outlook
(Revenue, USD Million, 2012 - 2022)
·
Cloud
·
Hybrid
·
On-Premise
IAM End-Use Outlook
(Revenue, USD Million, 2012 - 2022)
·
BFSI
·
Energy, Oil & Gas
·
Telecom & IT
·
Education
·
Healthcare
·
Public Sector & Utilities
·
Manufacturing
·
Others
IAM Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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