Global Identity and Access Management Market, By Components (Solutions, Services), Deployment (On-premises, Cloud), Organization Size (Large Enterprises, SMEs), Vertical (Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) and Information Technology Enabled Services (ITes), Construction and Real Estate, Retail and e-Commerce, Manufacturing, Government and Non-Profit Organizations, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The identity and access management market is expected to witness market growth at a rate of 14.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on identity and access management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization globally is escalating the growth of identity and access management market.
IAM or Identity and access management refers to a system that acts as a framework for businesses simplifying the overall management of electronic identities. The technology is capable of capturing, managing, recording and initiating user identities and their respective permissions in an automated manner. The identity and access management system offers customers with advantages such as allow easy access, improving user experience, lowering the overall IT cost, increases productivity and enhancing security profiles.
The increase in number and complexity of cyber-attacks across the globe acts as one of the major factors driving the growth of identity and access management market.The rise in awareness about compliance management and increase in spending on security solutions by government bodies and large-scale enterprises for curbing identity theft and for adhering regulatory compliance accelerate the market growth. The surge in number of web-based applications, risk management solutions such as policy-based compliance, and audit management combined with cost control measures, and proliferation of Bring Your Own Devices (BYOD), Internet of Things (IoT), mobility, and remote workforce further influence the market. Additionally, rise in concerns regarding the cyber-attacks, urbanization and digitization, and increase in need for IAM for IoT positively affect the identity and access management market. Furthermore, proliferation of cloud-based IAM solutions and services, and cultural shift from traditional IAM to IAMextend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of identity standards and budgetary constraints in deploying IAM solutions, and scarcity of skilled cyber security professionals among enterprisesare expected to obstruct the market growth. Difficulties in addressing complexity of advanced threats are projected to challenge the identity and access management market in the forecast period of 2021 to 2028.
This identity and access management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on identity and access management marketcontact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Identity and Access Management Market Scope and Market Size
The identity and access management market is segmented on the basis of component, deployment, organization size, and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the identity and access management market is segmented into solutions and services. Solutions are further segmented into data directory, identity lifecycle management, authentication, verification, password management, access management, and authorization, and audit, compliance, and governance. Data directory is sub-segmented into storage, synchronization/meta directories and virtualization/virtual directories. Identity lifecycle management is sub-segmented into provisioning and de-provisioning. Authentication is segmented into single factor authentication, 2-factor authentication and multi-factor authentication. Password management is sub-segmented into self-service password reset (SSPR), password reset and password synchronization.
- On the basis of deployment, the identity and access management market is segmented into on-premises and cloud.
- On the basis of organization size, the identity and access management market is segmented into large enterprises and SMEs.
- On the basis of vertical, the identity and access management market is segmented into banking, financial services, and insurance (BFSI), information technology (IT) and information technology enabled services (ITes), construction and real estate, retail and e-commerce, manufacturing, government and non-profit organizations, healthcare and others.
Identity and Access Management Market Country Level Analysis
The identity and access management market is analyzed and market size, volume information is provided by country, component, deployment, organization size, and vertical as referenced above.
The countries covered in the identity and access management market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the identity and access management market due to thefavourable regulatory scenario and high focus on cyber security issueswithin the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the high deployment of IAM solutions and increasing cyber threats on critical infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Identity and Access Management Market Share Analysis
The identity and access management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to identity and access management market.
The major players covered in the identity and access management market report are Capgemini., Happiest Minds, HCL Technologies Limited, Infosys Limited, F5 Networks, Inc., Amazon Web Services, Inc., Hewlett-Packard Development Company, L.P., IBM Corporation, Microsoft, Oracle, Siemens, Dell, Broadcom., ForgeRock, Gemalto NV, Centrify Corporation., GlobalSign., Accenture., NTT Communications Corporation, and Cognizant,among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.