Identity and Access Management Market To Report Impressive Growth, Revenue To Surge To US$15.92 Billion by 2022

08-Dec-2017 | Zion Market Research

With the presence of a large pool of participants, the Global identity and access management market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). SailPoint Technologies, IBM Corporation, C.A Technologies, Oracle Corporation, Dell EMC, Citrix, and NetIQ Corporation are some of the key vendors of identity and access management across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the identity and access management market study.

In a major breakthrough witnessed across identity and access management market, in July 2018, ILANTUS Technologies—a leading provider of identity & access management services announced the launching of revised line of services referred as Smart Identity™. Reportedly, it is the family of solutions with four offerings, namely, Cloud Identity TM, Niche Identity TM, Compact Identity TM, and Hybrid Identity TM.

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As estimated in this report, the global identity and access management market stood at US$ 7.85 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this identity and access management market is expected to reach US$ 15.92 billion by the end of the forecast period. The main components available in this identity and access management market are provisioning, single sign-on, advanced authentication, audit, compliance & governance, directory Services, and password management.

Browse the full " Identity and Access Management Market by Component (Provisioning, Single Sign-On, Advanced Authentication, Audit, Compliance & Governance, Directory Services, Password Management) by Deployment Type(On-Premise, Cloud) for Banking, Financial Services, Healthcare Sector, Manufacturing Sector, Telecommunication & IT Sector, Education Sector and Other industry verticals. Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at http://www.zionmarketresearch.com/report/identity-access-management-market

Growing Cases Of Unauthorized Access To Contribute Towards Market Share

“Rise in the number of incidences of unauthorized access along with escalating need for high security has resulted in meteoric demand for identity and access management market in the recent years,” says the author of this identity and access management market study. Apart from this, humungous demand for reducing process downtime as well as redundancy in myriad tasks is expected to benefit the identity and access management market in the years ahead. In addition, identity and access management market is projected to expand leaps & bounds during the forecast timeframe, owing to the ability of identity and access management to enhance productivity and contribute towards cost savings apart from its effective management controlling features.

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Enormous Demand for Automated Systems to Spur North America’s Dominance

Regionally, North America has been leading the worldwide identity and access management market and is anticipated to continue on the dominant position in the years to come, states the identity and access management market study. Massive reliance on automated systems in countries such as U.S. and Canada is the main factor behind the dominance of the North America identity and access management market. The presence of key industry players including C.A. Technologies, IBM Corporation, and Oracle Corporation being headquartered in North America is another significant factor that is supporting the growth of this regional identity and access management market. Furthermore, enhanced acceptance of innovative technologies along with major government funding has resulted in lucrative demand for new versions of identify and access management systems in the region.

The global identity and access management market is segmented as follows:

By Component

  • Provisioning
  • Single Sign-on
  • Advanced Authentication
  • Audit Compliance and Governance
  • Directory Services 
  • Password Management

 By Deployment

  • On-premises
  • Cloud

By Industry Vertical

  • Banking and Financial Sector
  • Healthcare Sector
  • Manufacturing Sector
  • Telecommunication and IT Sector
  • Media and Entertainment Sector
  • Education Sector
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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