Pune, India, Jan. 07, 2022 (GLOBE NEWSWIRE) -- The global identity and access management market size was USD 12.26 billion in 2020. The market is projected to grow from USD 13.41 billion in 2021 to USD 34.52 billion in 2028 at a CAGR of 14.5 % in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Identity and Access Management Market, 2021-2028.”
According to our researchers, advent of block-chain technology enables safe and clear identity administration medium in order to guard private as well as administrative personalities from cyber-attacks and deceitful actions. Moreover, leveraging the welfares of individuality verification and protected access presented by block-chain incorporated IAM systems, administrations and official organizations are actively financing to integrate solutions. For example, since November 2017, Zug, which is a town situated in Switzerland, has initiated presenting block-chain centered digital identification cards to its residents.
Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/identity-and-access-management-market-100373
List of Key Players in Identity and Access Management Market
- Amazon Web Services Inc. (Washington, U.S.)
- Akamai Technologies (Massachusetts, U.S.)
- HP Development Company L.P. (California, U.S.)
- Microsoft Corporation (Washington, U.S.)
- Oracle Corporation (Texas, U.S.)
- IBM Corporation (New York, U.S.)
- ForgeRock (California, U.S.)
- Thales Group (Paris, France)
- Avatier (California, U.S.)
- Symantec (Arizona, U.S.)
- Beta Systems (Berlin, Germany)
- CA Technologies (New York, U.S.)
- Centrify (California, U.S.)
- CyberArk (Massachusetts, U.S.)
- Core Security (Massachusetts, U.S.)
- Crossmatch (Florida, U.S.)
- Fischer Identity (Florida, U.S.)
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 14.5% |
| 2028 Value Projection | USD 34.52 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 12.26 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 150 |
| Segments covered | Component, Deployment Model, Enterprise Size, Vertical and Geography |
| Growth Drivers | Surging Consciousness of Supervisory Obedience to Promote Market Growth |
| Crucial Players Focus on Fortifying their Market Position with Constant Expansions |
Increasing Demand for Identity Security Key amid COVID-19 to Offer New Market Prospect
The COVID-19 pandemic outbreak has obstructed several business processes and observed an occupational hazard across countless industries on a global level. On account of the pandemic, administrations have implemented distant working method and cloud technology to diminish the influence on business processes.
Moreover, escalating implementation of cloud and remote work or work-from-home culture augmented the data security and confidentiality apprehensions for several administrative organizations. On account of the financial commotion instigated by COVID-19 virus outbreak, cybercrimes and upsurge in identity scams have enhanced the implementation of IAM solutions in these unfortunate times.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/identity-and-access-management-market-100373
Report Coverage
The report offers a complete investigation of this market along with existing trends and imminent openings in order to inaugurate proximate investment advantages. Moreover, an exhaustive breakdown of any impending opportunities, intimidations, rivalries or driving aspects is also revealed in the report. Step by step, systematic regional inspection is presented for additional business gains. The COVID-19 sways have been discussed in the report to aid investors and business experts to understand the risks better and tackle them. The top companies in the market are acknowledged, and their prominent strategies to reinforce the market growth are conversed in the report.
Segmentation
On the basis of component, the global market is segregated into provisioning, directory services, single sign-on, password management, advanced authentication, audit, compliance, and governance, and others. By deployment, the market is classified into cloud and on-premises. On the basis of organization size, the market is categorized into small & medium enterprises (SMEs) and large enterprises. In terms of geography, the IAM market is bifurcated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Based on the industry vertical, the market is branched into BFSI, healthcare & life sciences, manufacturing, retail and consumer packed goods, IT & telecom, government, education, and energy & utilities. Among these, the healthcare and life-science segment is anticipated to display maximum growth owing to the escalating adoption of IAM solutions.
Drivers and Restraints
Surging Consciousness of Supervisory Obedience to Promote Market Growth
In the data powered world that we live in today, corporations are integrating identity and access management solutions to detect deceitful happenings and diminish cyber-attacks guaranteeing data privacy and security. IAM systems aids administrations to suffice the obedience necessities. For example, administrations having IAM solutions are able to verify that they have suitable processes to alleviate the threat of data breach or mismanagement while inspecting.
Such agreement necessities and business supremacy apprehensions are anticipated to augment the identity and access management market growth during the forecast period.
Speak to Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/identity-and-access-management-market-100373
Regional Insights
North America held the maximum identity and access management market share and is anticipated to lead the market in 2020. The development in this region is accredited to the implementation of distant work, cloud technology and surging cyber-attacks. Moreover, the market growth is powered by the existence of prominent corporations such as Amazon Web Services Inc. and Akamai Technologies among others.
Europe is predicted to grow substantially owing to the safety and monitoring agreement apprehensions in nations such as Germany, Spain, Italy and others. The necessities of general data protection regulation (GDPR) across European Union fuels the market growth for identity and access management solutions in this region.
Asia Pacific is projected to display the highest CAGR during the mentioned period. The principal players in Asia pacific are capitalizing in progressive IAM solutions to avert cyber-attacks and individuality scams, this stimulates the regional market growth.
Competitive Landscape
Crucial Players Focus on Fortifying their Market Position with Constant Expansions
The prominent players present in the market are looking for opportunities for financing in innovative technologies to enhance the competences of IAM solutions. Likewise, the significant competitors are entailed in numerous procurements, collaborations, alliances, and mergers in order to multiply their market presence.
Industry Development
May 2021: Centrify and Thycotic, which is a cloud identity security solution provider, has made an announcement regarding the merger of ThycoticCentrify. It intends to administrate IAM accounts, AWS EC2 examples, and AWS billing accounts.
Quick Buy - Identity and Access Management Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100373
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Identity and Access Management Key Players Market Share Insights and Analysis, 2020
- Key Market Insights and Strategic Recommendations
- Companies Profiled (Covered for key 10 players only)
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Annexure / Appendix
- Global Identity and Access Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component(USD)
- Provisioning
- Directory Service
- Single Sign-On
- Password Management
- Advanced Authentication
- Audit, Compliance, and Governance
- Others (access management and authorization, verification etc.)
- By Deployment Model(USD)
- Cloud
- On-Premises
- By Enterprise Size(USD)
- Large Enterprises
- Small and Medium Enterprises
- By Vertical
- BFSI
- Telecom and IT
- Retail and Consumer Packed Goods
- Government
- Energy Utilities
- Education
- Manufacturing
- Healthcare and Life Sciences
- Others
- By Region (USD)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
- By Component(USD)
- North America Identity and Access Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component(USD)
- Provisioning
- Directory Service
- Single Sign-On
- Password Management
- Advanced Authentication
- Audit, Compliance, and Governance
- Others (access management and authorization, verification etc.)
- By Deployment Model(USD)
- Cloud
- On-Premises
- By Enterprise Size(USD)
- Large Enterprises
- Small and Medium Enterprises
- By Component(USD)
- Global Identity and Access Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/identity-and-access-management-market-100373
Have a Look at Related Research Insights:
Event Management Software Market Size, Share & Industry Analysis, By Component (Software, Services), By Deployment (Cloud, On-Premises), By Enterprise Size (SMEs, Large Enterprises), By End-User (Government, Corporate, Event Planners, Education, and Others), and Regional Forecast, 2019-2026
Cryptocurrency Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software), By Type (Bitcoin, Ether, Litecoin, Ripple, Ether Classic, and Others), By End-Use (Trading, E-commerce and Retail, Peer-to-Peer Payment, and Remittance), and Regional Forecast, 2021-2028
Field Service Management Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services) By Deployment (Cloud, On-Premise), By Organization Size (Large Enterprises, Small and Medium Sized Enterprises (SME’s)), By Vertical (BFSI, IT and Telecommunication, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Construction and Heavy Equipment, Energy and Utilities, and others), and Regional Forecast, 2020-2027
Artificial Intelligence Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others), and Regional Forecast, 2021-2028
Blockchain Market Size, Share & COVID-19 Impact Analysis, By Component (Platform/Solution and Blockchain as a service), By Type (Public blockchain, Private blockchain), By Applications (Digital Identity Payments, Smart Contracts), By Deployment (Proof of Concept, Pilot and Production), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing) and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Read Press Release: https://www.fortunebusinessinsights.com/press-release/identity-and-access-management-market-9158
