New York, 12, June 2019: Polaris Market Research presents a most
up-to-date research on "
Identity
& Access Management (IAM) Market [By Components (Directory
Servers, Single Sign-On (SSO), Access & Authentication Management, Password
Management); By Deployment (On-premise, Hybrid, Cloud); By End-use (Energy, Oil
& Gas, Healthcare, IT & Telecom, Manufacturing, BFSI, Government); By
Regions]: Market Size & Forecast, 2017 – 2026" The Global
Identity & Access Management (IAM) Market Size to Exceed USD 25.15Bn By
2026 according to a new market research report by polaris market research.
Major Industry Players:
HP, Intel Corporation, Okta,
Inc., Microsoft, Dell, Oracle, Inc, Siemens and NetIQ Corporation among others.
The increasing adoption of
connected devices, Bring Your Own Device (BYOD), Internet of Things (IoT) and
audit management combined with cost control are the prime components boosting
the market growth. Also, the growth in online applications and risk management
compliance mandates are anticipated to impel the identity & access
management market and thus it is projected to gain traction over the forecast
period.
The implementation of identity
& access management systems has grown considerably in the last few years,
inferable from the developing usage at enterprise level for unified checking
and stringent government regulations to secure client information. The increase
in occurrences of cyberattacks and rise in adoption of IoT (Internet of Things)
are projected to drive the market. The absence of predefined set of rules and
mandates in certain industries and concerns about cloud-based security is
hampering the market development to a certain extent. Owing to the developing
market for electronic security frameworks and various functionalities provided
by IAM systems, the worldwide market is expected to grow at a high pace.
Identity access management market
is projected to witness noteworthy development inferable from increasing
interest throughout different application segments. Cloud and hybrid
deployments are expected to gain adoption in the business due to improved
security with decreased error rates. Growth in client interaction through
physical, online networking, mobile, and different channels for monetary
services has given way to enormous development to the IAM solution providers in
the BFSI segment. Besides, the oil & gas and energy vertical is anticipated
to develop at a significant growth rate amid the forecast years, attributable
to innovative technology, for example, robotized framework and distributed
computing among others.
Key Findings from the study
suggest that the application of IAM solutions in government segment represented
a significant share of revenue in 2017 and is foreseen to show huge development
throughout the forecast years. Prominent trends in the industry such as
financial development, technological change and statistical developments should
be equipped with dynamic framework, thus in turn driving interest for IAM
systems.
Numerous government
organizations, for example, transportation and public utilities are executing
strong security measures which are evaluated to drive market growth globally.
The market for IAM in North American dominated the global market in 2017, and
is projected to represent more than 30% of the overall share by 2026. Many
offices in the North American region provide their employees with an equipment
based individual recognizable proof confirmation card for gaining access to
restricted areas.
This has pushed the adoption of
IAM in this region. Cloud IAM market is anticipated to witness strong demand
over the forecast years, increasing at a high growth rate. Cloud deployments
provide cost advantage and are anticipated to change the traditional IT
security scenario.
Key Segments:
Identity & Access Management Market Size and Forecast by Components
·
Key Findings
·
Directory Servers
·
Single Sign-On (SSO)
·
Access & Authentication Management
·
Password Management
Identity & Access Management Market Size and Forecast by Deployment
·
Key findings
·
On-premise
·
Hybrid
·
Cloud
Identity & Access Management Market Size and Forecast by End-use
·
Key findings
·
Energy
·
Oil & gas
·
Healthcare
·
IT & telecom
·
Manufacturing
·
BFSI
·
Government
Identity & Access Management Market Size and Forecast by Regions
·
North America [U.S., Canada]
·
Europe [Germany, UK, France, Italy, Spain,
Belgium, Netherlands, Rest of Europe]
·
Asia-Pacific [China, India, Japan, South Korea,
Singapore, Malaysia, Rest of Asia-Pacific]
·
Latin America [ Brazil, Mexico, Argentina, Rest
of Latin America]
·
Middle East and Africa [Israel, South Africa,
Saudi Arabia, UAE, Rest of MEA]
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