Identity And Access Market forecast to 2025 examined in new Industry research report
According to a new report published by Reports Monitor titled, Global Identity and access Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global Identity and access market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Identity and access management ""facilitate the right individuals to access the right resources at the right times and for the right reasons"". It specifies the need to ensure appropriate access to resources across increasingly heterogeneous technology environments and to meet increasingly rigorous compliance requirements. IAM is the major contributor for the implementation of B2C and B2E applications, which will improve user experience and operational efficiencies. IAM solutions eliminate the misuse of data in organizations, which is one of the most crucial factors responsible for its widespread adoption by large- and medium-sized enterprises, as well as government organizations. IAM supports the growth of companies and helps companies to gain a competitive edge by addressing their security requirements, streamlining business processes, and improving operational efficiencies.
The growing demand for the seamless integration of IAM solutions with other security solutions, the overall IAM market will witness huge growth in the coming years. Increase in incidents of cyber-attacks and ongoing trend of using IoT across various sectors including public, manufacturing, education, defence, media & entertainment, and others are the prominent driving factors of the market.
Lack of uniformity and increase in concerns towards cloud-based security is expected to hamper global consumer identity and access management. Moreover, growing adoption of mobile devices, increasing scalability & performance of consumer IAM security solutions in adverse conditions such as elastic demand, and aggrandized generation of network traffic are expected to provide lucrative growth opportunities to the market players during the forecast period.
The identity and access market is segmented on the basis of deployment which includes cloud, on-premises, and hybrid. Further the market is diversified on the basis of end use which includes BFSI, energy, oil & gas, Telecom & IT, education, healthcare and others.
The global Identity and access market is studied across: North America, Europe, Asia Pacific and LMAEA (Latin America, Middle East and Africa. In terms of revenue, North America is leading the market share in the global identity and access management market. The region is further expected to dominate the global identity management market in the forecast period. High adoption of new advanced technology in the North American market and major investments by the government has resulted in increasing demand for new and advanced versions of identity and access management.
The prominent players in market are Onegini, TransUnion, Ping Identity Corporation, Gigya, Inc., Centrify Corporation, Okta Inc., Experian PLC, Janrain Inc., Mitek Systems Inc., Traxion Inc.
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