Personal Identity Management Market 202 Growth, Forecasts, and Key Players: Citrix, Good Technology, IBM, MobileIron, VMware, Alfresco Software, CA technologies, Colligo Networks, SAP, Symantec Centrify, Fischer International and OneLogin

U.S. personal identity management market share is expected to dominate the industry owing to the increasing presence of large companies and global financing organization in the region.

Asia Pacific is projected to register the highest CAGR during the forecast primarily due to steady development in countries such as China, India, and South Korea. Europe is anticipated to grow consistently due to maturity in regulatory and technical infrastructure developments.

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Personal Identity Management Market will grow high around USD 6.5 billion in 2015, and is expected to grow at 20% CAGR and reach about USD 34 billion by 2024. Growing concerns for digital data security of personal and professional significance is expected to be the key factor driving growth. Mobile devices such as smartphones, laptops, tablets, and wearable health devices have penetrated nearly every segment of the global industry. Increasing concern for the protection of confidential data from unauthorized users in these mobile devices is expected to propel personal identity management market share.

Key participants include Citrix, Good Technology, IBM, MobileIron and VMware. Other prominent participants consist of Alfresco Software, CA technologies, Colligo Networks, SAP, Symantec Centrify, Fischer International and OneLogin.

Market share calculation in this report is not done based on companies covered in it. The calculation of Personal Identity Management Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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These solutions can be used to provide better security to companies from cyber crimes such as viruses, bank robbery, credit card frauds, and pornography. Moreover, regulations and government laws pertaining to cybercrime and data security are expected to fuel industry growth over the next few years. For instance, FISMA (Federal Information Security Management Act) is a U.S. legislation that explains a comprehensive structure to protect government operations, information and assets entertain the usage of these solutions.

The dependency of the global population on web applications is increasing, resulting in an exponential rise in the number of cyber attacks including APTs (advanced persistent threats). To counter these advanced threats, implementation of UTM (unified threat management) solutions for data security is expected to gain prominence. Such cloud-based hybrid solutions are likely to trend during the forecast timeline owing to their simple, secured functioning and scalability.

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