[80 Pages report] This market research report includes a detailed segmentation of the global identity and access management market by deployment (on-premise, on-cloud), by application (user provisioning, single sign-on, multifactor authentication, password management, secure directory, and governance, compliance, and audit), by vertical (BFSI, retail & e-commerce, healthcare & life sciences, telecom & IT, energy & utilities, government, manufacturing, and others), and by region (North America, Europe, APAC, and RoW). The market research report identifies IBM, Microsoft, Oracle, CA Technologies, Okta, Centrify, NetIQ, and Hitachi ID Systems as the major vendors operating in the global identity and access management market.
Overview of the Identity and Access Management Market
Infoholic’s market research report predicts that the global identity and access management market will grow at a CAGR of around 11% during the forecast period 2019–2025. More and more enterprises are adopting IAM solutions for making the business more agile and scalable. The market is expected to grow as IAM eliminates the need for remembering passwords, as the solution itself can determine whether the user has access to the particular application or not, and authenticates the identity.
With the increasing trend of BYOD, the business is becoming more vulnerable that can lead to cyber-attacks and security breaches. IAM, by providing a single digital identity per user, manages the customer identity to prevent these cyberattacks and reduce the impact on business operations. IAM solutions help IT teams with detailed information about access rights as well as digital identity mapping for every user within an organization, including partners, employees, vendors, and even customers. These solutions control the provision and regulation of access to users within any application or system.
According to the identity and access management industry analysis, North America accounts for the largest share of the global identity and access management market in 2019. Key players, including IBM and Microsoft, continue to invest in identity and access management, thereby resulting in the increased adoption of IAM solutions among enterprises in different verticals. The strong economic condition in this region and increasing focus toward enhancing the endpoint security are among the major factors leading toward the growth of the identity and access management market in this region. The Asia Pacific region is expected to witness the fastest growth rate due to rapidly increasing cyber-attacks.
Identity and Access Management Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the global identity and access management market. Major vendors across different verticals are planning for high investments in this market, and as a result, the identity and access management market is expected to grow at an impressive rate in the coming years. The key players in the identity and access management market are adopting various organic as well as inorganic growth strategies, such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies, to be in the strong position in the market.
Few of the Key Vendors in the Identity and Access Management Market Research:
- CA Technologies
- Hitachi ID Systems
Key vendors, including IBM, Microsoft, and Oracle, are already offering IAM solutions and are investing in R&D activities for enhancing the solutions.
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
Identity and Access Management Market Research By Deployment
The on-premise segment is estimated to hold the largest market share, and the on-cloud segment is expected to witness significant growth at the highest CAGR during the forecast period 2019–2025. Organizations are adopting on-premise solutions to have full control over their data and authentication policies.
Identity and Access Management Market Research By Applications
- User Provisioning
- Single Sign-on
- Multifactor Authentication
- Password Management
- Secure Directory
- Governance, Compliance, and Audit
User provisioning is estimated to hold the largest market share in 2019 for defining and implementing user policies, and governance, compliance, and audit is expected to grow at the highest rate during the forecast period 2019–2025.
Identity and Access Management Market Research By Verticals
- Retail & e-Commerce
- Healthcare & Life Sciences
- Telecom & IT
- Energy & Utilities
BFSI is estimated to hold the largest market share in 2019 and energy & utilities segment is expected to grow at the highest CAGR during the forecast period due to the availability of highly confidential and undisclosed data, which is targeted by the vectors.
Identity and Access Management Market Research Benefits
The report provides an in-depth analysis of the identity and access management market. Identity and access management solutions protect the enterprises from data breaches by verifying every single user identity and limiting their access based on their roles. IAM solutions, by enforcing required limitations, help organizations of different sizes and industries in preventing security incidents. IAM, by offering better protection than simple passwords, help organizations in mitigating security risks. The report discusses the market in terms of deployment, applications, verticals, and regions. Further, the report provides details about the major challenges impacting the market growth.