The global identity and access management (IAM) market size is expected to reach USD 24.12 billion by 2025, at a CAGR of 13.1% over the forecast period according to a new report by Grand View Research, Inc. Proliferation of cloud services and Bring Your Own Devices (BYOD) within the organization have raised concerns and provided a potentially gateway for threats. However, IAM has potentially reduced the complexity and risk of managing identities by providing robust controlling access to its user.
Stringent
compliance by the government bodies to curb theft of sensitive and identity
information has compelled the organizations to substantially improve their spending
on IT security. Moreover, the growth of web-based applications, risk management
such as policy-based compliance and audit management are anticipated to be the
key factors driving IAM demand. Additionally, the growing popularity of
connected devices and the Internet of Things (IoT) are expected to create a
substantial demand for IAM solutions within organizations.
Adoption
of cloud deployment in the sizes of the organization is rapidly growing owing
to the cost-effectiveness and flexibility in carrying out the business
functions. Moreover, it also offers an organization the opportunity to
digitally transform their IT infrastructure, thereby gaining a competitive edge
in the market. However, cyberspace networks are increasingly getting vulnerable
to cyber and malware attacks. Thus, IAM provides a unified view into security
policy coupled with auditing to ease compliance processes within the
organization.
In
the digitally advanced cyberspace, managing access control and identities for
enterprise applications act as one of the significant challenges faced by IT.
As on-demand computing services are anticipated to become more prominent,
incorporating cloud-based identity services would ensure robust security in the
long run.
Moreover,
adoption of cloud platforms such as Infrastructure as a Service (IaaS),
Platform as a Service (PaaS), and, Software as a Service (SaaS) have
necessitated the IT departments to improve the organization’s IAM. Thus,
improved IAM practices and processes are expected to help the cloud services
provider to deliver robust services and provide scalability for the user.
Furthermore, utilizing cloud-based services has put the IT security function as
a significant concern for the organization. Thus, enterprises are expected to
adopt IAM solutions to curb advanced cyber-attacks over the forecast period.
Full Research Report On Identity And Access Management Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam
Identity And Access
Management Market Report Highlights
- Provisioning component
segment accounted for highest market share of 30.71% in terms of revenue
in 2018
- Multifactor authentication component
segment is anticipated to witness the highest CAGR of 17.0% over the
forecast period
- On-premise deployment
segment led the identity and access management market and was valued at
USD 5.28 billion in 2018
- BFSI end use segment is
anticipated to witness the highest CAGR of 14.7% over the forecast period
- Asia Pacific is expected to
expand at the highest CAGR of 15.6% over the forecast period
- Oracle, IBM Corporation, CA
Technologies, NetIQ Corporation, HID Global Corporation and others
accounting for the majority share of the market in 2018
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam/request/rs1
Identity And Access
Management Market Segmentation
Grand View Research has segmented
identity and access management market on the basis of component, deployment,
end-use, and region:
Identity and Access
Management (IAM) Component Outlook (Revenue, USD Million, 2015 - 2025)
- Audit, Compliance &
Governance
- Directory Service
- Multifactor Authentication
- Provisioning
- Password Management
- Single Sign-On
Identity and Access
Management (IAM) Deployment Outlook (Revenue, USD Million, 2015 - 2025)
- Cloud
- Hybrid
- On-Premise
Identity and Access
Management (IAM) End Use Outlook (Revenue, USD Million, 2015 - 2025)
- BFSI
- Energy, Oil & Gas
- Telecom & IT
- Education
- Healthcare
- Public sector &
utilities
- Manufacturing
- Others
Identity and Access
Management (IAM) Regional Outlook (Revenue, USD Million 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
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 info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment