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The Global Identity & Access Management Market was valued at USD 8.21 billion in 2016 and is projected to reach USD 25.08 billion by 2025, growing at a CAGR of 13.21% from 2017 to 2025.
Identity and Access Management (IAM) system is a framework for business processes that facilitates the management of electronic identities. IAM technology can be used to initiate, capture, record and manage user identities and their related access permissions in an automated fashion. Identity and access management system provides the clients with benefits including â€" improving user experience, enhancing security profiles, simplifies auditing and reporting, allow easy access, increases productivity and reduces IT costs.
1. Market Drivers
1.1 Increasing hybrid cloud model
1.2 Rising adoption of cloud and SaaS
1.3 Growing demand for mobility solutions
1.4 Growing security concerns among organizations
2. Market Restraints
2.1 Issues with integration due to diversified IT system environment
2.2 Complexities in collaborating with IoT
2.3 Poor distributed workforce management
2.4 Poor knowledge about IAM solutions
2.5 Concerns for information security of consumer data
The Global Identity & Access Management Market is segmented on the organization size, component, deployment model, application, and region.
1. By Organization Size:
1.1 Large Companies
1.2 Small and Medium Businesses
2. By Component:
2.1 Password Management Provisioning
2.2 Single Sign-On
2.3 Audit, Compliance & Governance,
2.4 Advanced Authentication
2.5 Directory Services
3. By Deployment Model:
4. By Application:
4.2 IT and Telecommunications
4.3 Banking, Financial Services, and Insurance (BFSI)
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Microsoft Corporation
2. Sailpoint Technologies, Inc.
3. Oracle Corporation
4. Dell Emc
5. IBM Corporation
6. Hitachi Id Systems, Inc.
7. CA Technologies
8. Micro Focus (Netiq Corporation)
9. Centrify Corporation
10. Okta, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Identity & Access Management Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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