Identity and Access Management Market By Top Companies: CA Technologies, Centrify Corporation, Dell, ForgeRock, Gemalto, HID Global, Hitachi, IBM, Microsoft, OpenText, Oracle, Siemens, Symantec, SailPoint

Identity and Access Management Market in BFSI segment is growing at the fastest rate as the banks and financial institutions carry sensitive customer information, ensuring an extremely secure environment as any kind of security breach can be costly and devastating. To improve the IAM security, the BFSI industry is adopting an efficient process by integrating multi-factor authentication into their network’s user’s account.

The advanced authentication segment held around 23.7% of the identity and access management market share in 2017, mainly due to factors such as increase in cybercriminal activities, rising security threats, BYOD policy in enterprises, and supportive government regulations. Increased usage of advanced authentication in various verticals, mainly BFSI, IT & telecom, and healthcare, also contributes to the identity and access management market growth. Furthermore, the centralized policy engine in these systems assists in providing flexibility and consistency in authentication, fueling their market demand.

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Identity and access management market in cloud-based deployment model is projected to grow at the fastest rate due to the rising demand for cost-effective, scalable, and flexible IAM solutions. The growing trend of BYOD and various enterprise mobility solutions has also resulted in a large cloud IAM adoption rate by enterprises to manage remote access services. The enterprises also suffer through huge losses due to cyberattacks, increasing the demand for cloud-based solutions delivering enhanced IAM security.

The audit, compliance, and governance solution are rising at the fastest rate and is projected to grow at a CAGR of 16.1% over the forecast period. The increasing concerns regarding data breach and theft of sensitive enterprise information are the major factors driving the identity and access management market revenue. Furthermore, the rapid technological developments in cloud computing, IoT, and big data & its implementation across enterprise compliance and governance also resulted in the greater adoption of the audit, compliance, and governance solutions. This will protect the cardholders against the damage of their personal information. Any non-compliance to follow these standards results in huge penalties and hence organizations have increased their adoption of auditing, compliance, and governance solutions.

The on-premise deployment model dominates the IAM market with a market revenue of USD 8.08 billion in 2017 anticipated to reach USD 14.6 billion by 2024. The on-premise delivers continuous and secured access to various applications throughout the enterprise. These solutions perform various tasks such as securing identity and attribute stores, identity data synchronization, external access control for applications, and user provisioning, driving their growth in the market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. CA Technologies
2. Centrify Corporation
3. Dell
4. ForgeRock
5. Gemalto
6. HID Global
7. Hitachi
8. IBM
9. Microsoft
10. OpenText
11. Oracle
12. Siemens
13. Symantec
14. SailPoint

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Identity and Access Management Market, By Solution

o Provisioning
o Password Management
o Directory Services
o Advanced Authentication
o Single Sign-On
o Audit, Compliance, and Governance

Identity and Access Management Market, By Deployment Model

o On-premise
o Cloud

Identity and Access Management Market, By Application

o BFSI
o IT & Telecom
o Public Sector and Utilities
o Healthcare
o Education
o Manufacturing
o Retail
o Others

Browse key industry insights spread across 200 pages with 210 market data tables & 39 figures & charts from the report, “Identity and Access Management (IAM) Market in detail along with the table of contents:

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North America is projected to dominate the market as identity and access management market 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.

The Latin American identity and access management market is anticipated to grow at a CAGR of 13.1% over the forecast timespan. Due to the increasing connectivity in personal, urban, and corporate environments, the dependence on technology and associated vulnerabilities has increased in this region giving rise to cyberthreats. Over the last decade, this region has witnessed huge digitalization with an enhanced adoption of big data, cloud computing, and IoT solutions, accelerating the identity and access management market demand.

The prominent companies functioning in the identity and access management market include CA Technologies, Centrify Corporation, Crossmatch, Dell Inc., ForgeRock, Gemalto, HID Global, Hitachi, IBM, iWelcome, Microsoft, Net IQ (Micro Focus), Okta, Inc., OneLogin, OpenText, Oracle, Ping Identity, SailPoint, Siemens, and Symantec.

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