Identity and Access Management (IAM) Market size likely to exceed revenue of USD 26 billion, at 15% CAGR from 2015 to 2022

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Identity and Access Management (IAM) Market size likely to
exceed revenue of USD 26 billion, at 15% CAGR from 2015
to 2022: Global Market Insights Inc.
Identity & Access Management (IAM) market size is estimated to reach USD 26.74
billion by 2022, as per a new research report by Global Market Insights, Inc.
Increasing need for advanced network capabilities accompanied by cloud-native
architecture is likely to propel the industry demand over the few coming years.
Surging implementation of this scheme by large and medium scale organizations as
well as government agencies is predicted to boost Identity & Access Management
(IAM) market growth from 2015 to 2022.
An organization’s operating efficiency can be im proved by formulating a well-defined
process to manage information access. In order to offer access to enterprise
information for trading partners, customers, and employees, companies need to offer
an enhanced infrastructure.
A large number of enterprises are unable to manage the security administration
requirements of a ll users through manual measures owing to huge customer base.
While automating, these enterprises divest the administrative costs to customers or
end-users. Extranet Access Management (EAM) products are anticipated to play a
key role in end-user self-registration. It also helps in portal and personalization
implementation as well as outsourcing. Since numerous enterprises outsource their
IT operations, service providers must have a well-defined security administration
function. This security function helps in making operations efficient as well as cost
effective for both entities.
Automating the process aids in time-saving across wide areas, by reducing the time
frame to approve access requests for approvals. It allows revenue producing
contractors and employees get access to desired resources, thus improving the
overall organizational efficiency. Additionally, enterprises produce reports for
everyday security administration purposes. Obtaining the required information from a
centralized facility would improve operational efficiency.
Surging use of mobile apps as well as cloud services in order to optimize cost and
drive productivity is predicted to increase the complexity of IT. Growing usage of
various types of applications and resources m ay also increase the complexity.
Companies are now making a shift to hybrid on premise/on-demand paradigm for
controlling access to data as well as a pplications. Feasible models such as SaaS
offer ease of application access.
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UK identity and access management market share by deployment, 2012 2022 (USD Million)
Browse key industry insights spread across 150 pages with 62 market data tables & 49
figures & charts from the report, “Identity and Access Management (IAM) Market Size By
End-Use (BFSI, Education, Healthcare, Energy, Oil & Gas, Telecom &IT, Manufacturing
Public Sector & Utilities), By Deployment (Hybrid, Cloud, On-Premise), Industry
Analysis Report, Regional Outlook, Application Potential, Competitive Market Share &
Forecast, 2015 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/identity-and-access-management-market
Asia Pacific IAM market size is predicted to reach USD 6.8 billion by 2022.
Increasing application of these solutions coupled with surging cyber threats
on critical infrastructure is likely to drive t he industry across the region over
the coming years. North America IAM market share accounted for over 35%
of the global revenue in 2014 and is predicted to experience moderate
growth.
Cloud IAM market share in estimated to grow at a CAGR of over 20% from
2015 to 2022. Numerous benefits offered by cloud service include less cost
involvement, no hardware or software deployment and offers simplified
Key insights of Identity and Access Management (IAM) Market:
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management. On-premise deployment is anticipated to use traditional in -
house data centres for controlling security patches as well as offer software
updates.
Surging demand in BFSI applications owing to high security offered is
anticipated to propel the IAM market growth from 2015 to 2022. Education
sector is projected to experience significant growth. Growing demand for
various services make it crucial f or institutions to ensure that digital
transactions are secure. IAM offers confidentiality by establishing a secure
process for user identification and set protocols for controlling online access
to resources.
Key industry participants accumulating major IAM market share include
OneLogin, CA Technologies, Centrify, Amazon Web services, Oracle,
ForgeRock Inc, Net IQ, Dell Software, HP, IBM, EMC Corporation, and HID
Global Corporation.
For the purpose of this study, Global Market Insights has segmented the IAM market
on the basis of deployment, end-use, and region:
Global IAM Market Device Analysis (Revenue, USD Million, 2012 - 2022)
Cloud
Hybrid
On-premise
Global IAM Market Analysis (Revenue, USD Million, 2012 - 2022)
BFSI
Energy
Oil & Gas
Telecom & IT
Education
Healthcare
Public sector & utilities
Manufacturing
Others
Global IAM Market Regional Analysis (Revenue, USD Million, 2012 - 2022)
North America
Segmentation of Identity and Access Management (IAM) Market: