Identity and Access Management Market Future Analysis On Top Key Companies ForgeRock, Gemalto, IBM Corporation, HID Global Corporation, iWelcome, Microsoft Corporation

MarketStudyReport.com Adds New Identity and Access Management Market 2018 – 2024 research report providing information and data By Technology, By Solution, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.

The Identity and Access Management market is relatively large, as the demand of Identity and Access Management is increasing in the whole world. And the global output of Identity and Access Management remained a relatively high growth during the last few years; the Identity and Access Management market is up to a double-digit growth, mainly due to the fast development of IT and Telecommunications industry.

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Identity and Access Management (IAM) Market is projected to surpass USD 18.9 billion by 2024. IAM products deliver role-based access control, allowing system administrators to regulate access to networks based on the role of the employees within the organization. It majorly focuses on ensuring that the partners, employees, and customers receive secure and simple access to the applications without compromising on security. The major benefits associated with the installation of IAM systems for the enterprises include reduced data breaches, centralized access control, reduced IT cost, and improved user experience. These systems assist the organizations in keeping up with staff moving across various roles in an enterprise. As these solutions deliver secure ways to authorize, authenticate, and manage users without negotiating on usability and convenience, their usage is increasing rapidly in the IAM market.

The companies operating in the IAM market are investing funds to enter into strategic partnerships and collaborations and develop innovative solutions, gaining a competitive edge in the market. Some of the major vendors operating in the IAM market are Dell, Inc., ForgeRock, Gemalto, IBM Corporation, HID Global Corporation, iWelcome, Microsoft Corporation, Net IQ, Okta, Inc, Ping Identity, and SailPoint Technologies Holdings, Inc.

The trend of connected devices such as BYOD is rapidly increasing, offering enhanced productivity, reduced hardware cost for organizations, and improved employee satisfaction. Moreover, increased mobile penetration, rising employee mobility software demand, and the increasing prominence of mobility service management are also driving the demand for IAM solutions. Employees, partners, and contractors are carrying personal devices to the workplace to connect with the corporate network. Around 70% of the organizations have adopted the BYOD trend, which is anticipated to rise over the forecast timeline. However, the rising adoption of the connected technology also has resulted in increased threats of cybercrimes. This necessitates the deployment of effective IAM solutions to prevent unauthorized access to the company?s data, accelerating the market growth.

The provisioning solution dominates the IAM market and held around 40.7% of the market share in 2017. This solution delivers employees, clients, and other stakeholders with enhanced IAM features to manage the provisioning and de-provisioning of various computing resources. The rising demand for reliable provisioning solutions and the increasing traction of risk mitigation and security also have a positive impact on the market growth. Provisioning solutions are adopted in diverse industrial application to support digital identity creation, validation, approval, change, termination, propagation, and communication.

The audit, compliance, and governance solution is anticipated to grow at the fastest rate with a CAGR of around 16.1% over the forecast period. The implementation of regulatory compliance by governments across various industry verticals including BFSI, healthcare, retail, and IT & telecom has enabled the organizations to adopt the audit, compliance and governance solutions. For instance, The Health Insurance Portability and Accountability Act (HIPPA) act was passed in 1996 to assure that the individual?s health data is protected while permitting the flow of data as per requirement to promote high-quality healthcare and protect public well-being. The non-compliance to follow these standards results in a huge penalty; hence, organizations have increased their adoption of auditing, compliance, and governance solutions.

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Major Points of Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Identity and Access Management Industry Insights
Chapter 4. Identity and Access Management Market, By Technology
Chapter 5. Identity and Access Management Market, By Solutions
Chapter 6. Identity and Access Management Market, By Region
Chapter 7. Company Profiles.

Complete report for 2018-2024 on Identity and Access Management market is now available at https://www.marketstudyreport.com/reports/identity-and-access-management-iam-market

North America is projected to dominate the market as IAM solutions have gained importance in different sectors such as BFSI, healthcare, telecom, and utilities in this region. Furthermore, technological advancements in the IoT and cloud computing technologies followed by increased usage of smartphones are also driving the market growth. Asia Pacific is the fastest growing region in the IAM market, expected to generate a revenue of approximately USD 3.9 billion by 2024 due to the rising increase in the rate of cybercrime and emergence of SMEs in this region. Furthermore, as the industries functioning in this region are also facing increasing scrutiny regarding security measures, the demand for IAM solutions is rising at a fast pace.

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