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.
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
Browse more research reports of this category:
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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