Identity And Access Management Market to Showcase High Growth; to cross USD 25.4 BN Mark by 2026

Posted On October 27, 2020     

During the period of 2020-2026 it is expected that the Global Identity And Access Management Market will showcase a CAGR of 12.5%. The market is foreseen to reach USD 25.4 BN by 2026 while it was valued at USD 11.1 BN in 2019 as stated in a the published market study by Value Market Research. Identity and access management (IAM) is a term that covers the two key concepts of user and access within an organization. The primary motivating factor for the growth of IAM is the rising need to address the rigorous and complex regulatory compliance requirements prevalent in modern-day organizations.  The efficient management of access privileges for various users, both on-site employees and off-site contractors using IAM, will benefit market growth. The increasing need for heightened security and better productivity in today’s digitally enabled economy will boost the growth of IAM solutions. The ability to open the network to customers, partners, suppliers, contractors, and, of course, employees to increase efficiency and lower operating costs will be a market booster. The main risks involved in implementing an IAM in an organization is data protection and compatibility.

Identity and access management (IAM) is a framework of policies and technologies used to control critical information access within an organization. IAM solutions enable access to specific resources by the right set of individuals as required for the right reasons.  It falls under the umbrella of IT security and data management. The primary objective of an IAM framework is one digital identity per individual. This system helps administrators change a user’s role, track user activities, create reports on those activities, and enforce policies on an ongoing basis with several tools and technologies. Some key technologies related to IAM are biometric authentication, LDAP, RBA, SSO, and UBA.

The initial sections of the report "Global Identity And Access Management Market Report By Component (Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management, Single Sign-On), By Deployment (Cloud, Hybrid, On-Premise), By End-Use (BFSI, Energy, Oil & Gas, Telecom & IT, Education, Healthcare, Public Sector & Utilities, Manufacturing, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The identity and access management market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
     
On the basis of Component the market is segmented into Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management, Single Sign-On. By Deployment the identity and access management market is categorised as Cloud, Hybrid, On-Premise. By End-Use the identity and access management market is categorised as BFSI, Energy, Oil & Gas, Telecom & IT, Education, Healthcare, Public Sector & Utilities, Manufacturing, Others. The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.

The Report Segments Global Identity And Access Management Market -
By Component

  • Audit, Compliance & Governance
  • Directory Service
  • Multifactor Authentication
  • Provisioning
  • Password Management
  • Single Sign-On

 
By Deployment

  • Cloud
  • Hybrid
  • On-Premise

 
By End-Use

  • BFSI
  • Energy, Oil & Gas
  • Telecom & IT
  • Education
  • Healthcare
  • Public sector & utilities
  • Manufacturing
  • Others

 
By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

 
Players Profiled In the Report:
Amazon Web Services, CA Technologies, Centrify, One Identity LLC, ForgeRock Inc., HID Global Corporation, IBM Corporation, McAfee, Microsoft Corporation, NetIQ Corporation Okta Inc., OneLogin Inc., Oracle Corporation, Ping Identity, SecureAuth.

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