The global identity and access managementmarket 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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam
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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/network-security-software-and-services
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
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-identity-access-management-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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