San Francisco, 10 December 2018: The global identity and access management market size is estimated to reach USD
22.68 billion by 2025, according to a new report by Grand View Research, Inc.,
rising at a CAGR of 12.7% during the forecast period. Spiraling adoption of
cloud services and mobile devices and emergence of insider threats combined
with strict compliance necessities are leading to increased spending on
organization IT security, which is estimated to stoke the growth of the market.
Based on end use, the public sector and
utilities segment accounted for the leading share in the IAM market in 2017.On
the basis of deployment, cloud is anticipated to be the most promising segment
during the forecast period. Cloud is changing the way a business operates. It
facilitates a different level of cost-benefit, flexibility, and efficiency to
carry out business functions. Moreover, it also provides organization an
opportunity to transform their business models and gain a competitive edge over
their competitors. Managing identities and accessing control for enterprise
applications act as one of the prominent challenges faced by IT.
Extending a company’s identity services
into cloud model is a notable requirement for use of on-demand computing
services in long run. Various cloud delivery models such as SaaS, PaaS, and
IaaS call for service providers and IT departments to extend organization’s IAM
processes, practices, and procedures to cloud services that are efficient and
scalable for customers and providers. Utilizing more cloud-based services puts
IT security function on the forefront of a company’s planning activities, which
is likely to drive the market over the forecast period.
Access
Research Report of IAM Market@ www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam
Further key findings from the report suggest:
· On-premise was the most prominent
deployment segment in the market in 2017. It is poised to reach USD 11.05
billion by 2025
· The BFSI segment is projected to exhibit
the highest CAGR of 14.4% during the forecast period
· The market in Asia Pacific is estimated to
experience the fastest growth in the global arena during the same period.
Emerging economies such as China, India, and Japan, which are increasingly
deploying IAM solutions and services to address cybersecurity concerns are
playing a pivotal role in the development of the regional market
· Key players include Oracle Corporation, IBM
Corporation, CA Technologies, NetIQ Corporation, and HID Global Corporation.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/network-security-software-and-services
Grand View Research has segmented global
identity and access management market on the basis deployment, end-use, and
region:
Identity and Access Management Deployment
Outlook (Revenue, USD Million, 2015 - 2025)
·
Cloud
·
Hybrid
·
On-Premise
Identity and Access Management End-Use
Outlook (Revenue, USD Million, 2015 - 2025)
·
BFSI
·
Energy, Oil & Gas
·
Telecom & IT
·
Education
·
Healthcare
·
Public sector & utilities
·
Manufacturing
·
Others
Identity and Access Management Regional
Outlook (Revenue, USD Million 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
IAM Market@ www.grandviewresearch.com/press-release/global-identity-access-management-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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