Global Identity and Access Management (IAM) Market: Market Analysis by Knowledge Sourcing Intelligence
Global Identity and Access Management (IAM) Market is expected to grow at a good CAGR. The key factor driving the identity and access management market is the growing need for security and compliances across the organizations. Factors like the increasing popularity of BYOD (bring your own device), increasing cyber-attacks, and various mobility trends in organizations have augmented the end user device authentication security. To achieve a highly secured environment and economic benefits in terms of cost and time, organizations are increasingly adopting IAM solutions. Moreover, the mandatory policies adopted by national government cyber authorities to avoid data loss and to strengthen the security further propel the adoption of IAM solutions in different regions. Large enterprises are increasingly installing IAM systems as they have high capital investment and high economies of scale.
Global Identity and Access Management Market by Geography:
Americas dominate the global IAM market with a market share of more than XX% in 2016. This regional market is further sub-segmented into North America and South America IAM market. North America accounted for the bulk of the Americas IAM market with an estimated market size of US$X.XXX billion in 2016 and will continue to dominate throughout the forecast period to reach US$X.XXX billion by 2022. Presence of large established IAM solutions providers in the region along with the early adoption of these solutions by various verticals is key factors leading to large scale adoption of these solutions by the enterprises operating in the region. Other factors such as high adoption of cloud applications, mobile practices, and BYOD is driven by heavy compliance regulations are further boosting the demand for IAM solutions by several organizations and SMEs in North America during the forecast period. Growing terrorist and cyber threat require agencies to use strong personal authentication verification technologies and solutions at public places and in offices, thereby positively impacting the North American IAM market growth. The market research provides a detailed analysis of global identity and access management market on the basis of the various segment like- by geography, by vertical, etc.
 |
| Sample View of Global Identity and Access Management Market by Geography, Americas |
Global Identity and Access Management Market by Vertical:
By vertical, Global Identity and Access Management market has been segmented as travel and transport, government, media and entertainment, retail, BFSI, communication and technology, and others. BFSI sector had the largest market share, close to 22%, in the year 2016 and is projected to continue its dominance throughout the forecast period with the market size of US$X.XXX billion in 2022. Owing to constantly changing compliance regulations due to advancements in mobile and cloud services requires the sector to use IAM solutions for security, compliance, access and password management, and governance. Growing incidents of fraudulent financial transactions coupled with the increasing number of online transactions and high usage of ATM cards is forcing the sector to replace conventional security solutions and invest in IAM solutions.
 |
| Sample View of Global Identity and Access Management Market by Vertical |
Request Free Sample or Download the report:
For our Information and Communication Technology Industry coverage:
Organizations are increasingly adopting identity and access management solutions as they provide a highly secured environment and economic benefits in terms of cost and time which, in turn, drives the IAM market growth.
Connect with us:
Comments
Post a Comment