Global Identity and access management Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Identity and access management market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.
Identity and access
management Market study offers an
exhaustive summary of the vendor landscape, competitive analysis, and key
strategies to gain ruthless advantage. Identity and access management
Market Forecast provides sizing and growth opportunities. It provides
comprehensive insights on the latest industry trends, forecast, and growth
drivers in the market. it also includes a detailed analysis of growth drivers,
challenges, and investment opportunities and delivers a complete overview of
segments and the regional outlook of the market.
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The global identity and
access management market is expected to worth USD 24.55 billion by 2022.
Growing demand for cloud architecture and improved network capabilities are
anticipated to propel the demand across enterprises. These solutions are widely
adopted by large and medium scale industries as well as by government agencies.
Companies functioning
across cloud platforms offer comprehensive on-demand development tools such as
cloud infrastructure and cloud database layer, which empower enterprise IT
groups to develop, test, and deliver customer demanded business applications
without investing in conventional system infrastructure.
Over the past recent years,
cloud computing, mobile technology social networking, BYOD policies, and other
IT and consumer trends have transformed the threat environment. To survive and
thrive in this increasingly interconnected and virtual ecosystem, organizations
must recognize identity and access management as essential to the secure
transfer of information that lies at the heart of commerce. IAM involves
trade-offs in terms of cost, risk, convenience, and other user freedoms.
Insufficient identity
assurance for cloud application & services and lack of trust in cloud
service providers is anticipated to hamper the growth of the market. Major gap
between the cloud service providers and service consumer owing to lack of
awareness regarding cloud computing solutions is expected to cause
vulnerability concerns. However, the rise in global spending of large-scale
organizations and government on integrating the management of identities with
security identity services and solutions is anticipated to lessen the impact
over the forecast period. As identity and access management continues to
progress over the forecast period, enterprises are expected to look for larger
and more innovative solutions, which are adaptable to trends such as mobile and
cloud computing.
IAM services and solutions
are growing into a risk-based program, with their abilities focused on
entitlement management and enforcement of logical access control. Enterprises
have started attaining benefits from their prices, but face major challenges to
manage time-incentive practices such as manual provisioning and approval.
The market can be
categorized by deployment into on-premise, hybrid and cloud IAM. On-premise
identity and access management market accounted for a majority share in 2014
and is anticipated to lose substantial share over the forecast period.
On-premise infrastructure uses conventional in-house data centers that entirely
controls software updates and security patches. However, security breaches owing
to unauthorized physical access cannot be spotted by this technology.
Alternatively, cloud hosting companies safeguard customers and alert them
instantly which would positively favor demand for hybrid and cloud solutions.
Applications sectors in the IAM market include oil &gas, telecom & IT,
public sector, utilities, BFSI, energy healthcare, and manufacturing. BFSI
sector companies have to adopt cyber security solutions to monitor, detect,
report, and counter the cyber threats for keeping the privacy of information
and to increase productivity.
Several stringent
government regulations and regulatory reforms are causing organizations and
enterprises to address their internal control infrastructure. For instance,
according to Health Insurance Portability and Accountability Act of 1996
(HIPAA), it is mandatory for healthcare organizations to safeguard the
portability of healthcare coverage and the confidentiality of patient records.
It involves organizations to train staffs to efficiently follow secrecy
measures, designate an individual in the organization in-charge of HIPAA
compliance and implementation, and undertake significant measures for
regulating the disclosure of patient information such as secure electronic
access to patient records.
Geographically the global
market for identity and access management is segmented into North America,
Asia-Pacific, Middle East and Asia, Europe and Latin America. Europe and North
America are expected to contribute substantially to the global market share owing
to the favorable regulatory scenario. The U.S. government has issued over 400
regulatory policies associated to cyber security, which is expected to fuel the
market for IAM across the region.
Asia-Pacific identity and
access management market are expected to grow at a higher rate owing to the
large deployment of IAM services & solutions and an increasing number of
cyber threats on cloud architecture. The Middle East & Africa is also
expected to gain traction with substantial growth over the forecast period.
The key market players
dominating the global market for identity and access management includes IBM,
HP, EMC Corporation, HID Global Corporation, Dell Software, ForgeRock Inc., Net
IQ, Oracle, Centrify, OneLogin, CA Technologies, Amazon Web Services.
Enhancing security of
critical data, ease of mobility, smooth authentication &authorization, and
scalability are a few of the key strategies adopted by industry leaders in
order to connect with the cloud-based environment.
Industry participants are
investing in R&D to develop new technologies for improving the
network-based security. Strategic acquisitions and partnerships are being
adopted for business expansion.
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