28-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Identity and Access Management Market By Component (Single Sign-On, Directory Services, Advanced Authentication, Audit, Compliance, and Governance, and Password Management), By Deployment (On-Premises and Cloud), and By Vertical (BFSI, Telecom and IT, Retail and CPG, Public Sector and Utilities, Energy, Education, Manufacturing, Healthcare and Life Sciences, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global identity and access management market was around USD 10.12 billion in 2018 and is expected to reach approximately USD 23.38 billion by 2025, at a CAGR of slightly above 12.84% between 2019 and 2025.
Identity and access management (IAM) is a supporting structure of business processes, technologies, and policies that allow the management of digital or electronic identities. With IAM structure, IT managers can manage user access to important information within their companies. IAM products also provide role-based access control that allows system administrators to provide access to networks or systems based on the roles of individual users.
Browse the full “Identity and Access Management Market By Component (Single Sign-On, Directory Services, Advanced Authentication, Audit, Compliance, and Governance, and Password Management), By Deployment (On-Premises and Cloud), and By Vertical (BFSI, Telecom and IT, Retail and CPG, Public Sector and Utilities, Energy, Education, Manufacturing, Healthcare and Life Sciences, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/identity-access-management-market
The rising momentum of web-based applications and remote working has led the users to stay connected with organizational resources without putting security at risk. Moreover, organizations are hosting applications on the cloud, making it extremely important to manage their authentication and authorization for various applications and organizational data, thereby driving the identity and access management market. Numerous cloud-based delivery models, such as IaaS, SaaS, and PaaS, are used by IT departments and IT service providers to enhance organizations’ identity and access management. Additionally, there has been a sharp rise in the number of data records with the growing number of data breaches in the last few years, which has also propelled the market. Also, cybercrime is rising at an alarming rate causing organizations’ to seek help from identity and access management service providers to help them manage user identity and accessing control. IAM adoption is growing due to its cost-effective way of protecting an organization’s critical data. The small- and medium-sized enterprises worldwide are anticipated to invest in identity and access management projects over the forecast period, owing to cost-effective pricing offers like monthly subscription and usage-based pricing provided by IAM service providers. However, the lack of information related to consumer data security may hamper the identity and access management market.
On the basis of deployment type, the identity and access management market is bifurcated into on-premises and cloud. On-premises model is expected to hold a substantial market share over the projected period, as this model provides secured and continuous access to numerous applications.
The North American identity and access management market is anticipated to show positive growth during the projected period, due to the presence of strong and prominent identity and access management market players, such as IBM, Dell EMC, CA Technologies, Oracle, Microsoft, Okta, Hitachi ID Systems, SailPoint Technologies, and NetIQ, in the.
Some noticeable players of the global identity and access management market include IBM Corporation, Oracle Corporation, CA Technologies, Microsoft Corporation, Dell EMC, NetIQ Corporation, Okta, Hitachi ID Systems, and Sail Point Technologies.
This report segments the global identity and access management market into:
Global Identity and Access Management Market: Component Analysis
Global Identity and Access Management Market: Deployment Analysis
Global Identity and Access Management Market: Vertical Analysis
Global Identity and Access Management: Regional Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651