Rising demand for superior network capabilities and cloud-native architecture is predicted to drive the identity and access management market
Identity and access management market size is forecast to be valued over USD 26 billion at a growing CAGR of 15% by 2022. The new report by Global Market Insights covers restraints, drives, opportunities and challenges in the market with comprehensive analysis of present and future market. Increasing demand for cloud-native architecture and advanced network capabilities are the top driving factors of the IAM market.
View a summary of the “Identity and Access Management (IAM) Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/identity-and-access-management-market
IAM is a business security framework to ensure safe access to end users across manifold applications. A well defined process formulated to manage the information access highly improves the efficiency of any organization. IAM solutions help enterprises secure application systems with reduced time frame to permit access requests.
The global IAM market is anticipated to witness noteworthy growth owing to surging demand across different application segments. Surging adoption of this scheme by government agencies as well as medium and large scale organizations is expected to further IAM market growth in the predicted time frame. Strict Government regulations and security standards, increased use of BYOT (Bring Your Own Technology) has led to boost the implementation of IAM services in IT & telecom sector. Increased use of mobile apps and cloud services is predicted to add to the complexity of IT.
Cloud IAM market share is anticipated to witness significant growth and is forecast to surpass USD 5 billion in the predicted time frame. Several applications including Google Apps, WebEx, Box.net, and Yammer are expected to present higher benefits over on-premise solutions. Public sector and utilities is expected to continue the dominance with a significant growth over the analysis period of 2015 to 2022.
The market has been analyzed on the basis of various regions. U.S. IAM market size is predicted to generate the majority of the global revenue in the next few years. Wide implementation of cloud by SMEs and advancement in enterprise IT infrastructure is expected to drive the Asia-Pacific IAM market to exhibit the fastest growth.
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Identity and access management market share is occupied by companies including Net IQ, CA Technologies, OneLogin, Amazon Web Services, Centrify, Oracle, EMC Corporation ForgeRock Inc, IBM, Dell Software, HP, and HID Global Corporation. The report covers the analysis of key market players to emphasize the potential opportunities and essential strengths in the market, and the key market strategies implemented by industry players.
The report features:
- Drivers, restraints, challenges, opportunities, future growth potential shaping the IAM Market
- Key developments and latest events in the industry
- Competitive Analysis of business strategies of the key participants
- IAM market estimates and forecasts (2015 to 2022)
Author Name : Dhananjay Punekar