Identity & Access Management (IAM) Market Forecasts By Top Key Players: Ping Identity, Okta, Inc., HID Global, SailPoint, Symantec, Siemens, Oracle, OpenText, Microsoft, IBM, Hitachi, HID Global, Gemalto, ForgeRock, Dell, Centrify Corporation, CA Technolo

Global Identity & Access Management (IAM) Market share will be driven by increasing concerns regarding data breach and theft of sensitive enterprise information. 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. 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.

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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.

The BFSI sector is rising at the fastest rate in the identity and access management market and is projected to grow at a CAGR of 13.1% over the forecast timespan. These solutions play a vital role in creating secured and reliable IT security in the banking sector. Around 90% of the financial institutions are affected by data breach, out of which 60 percent are cases of identity abuse. Regulatory departments, such as the Australian Prudential Regulation Authority (APRA) and U.S. Security and Exchange Commission (SEC), have set strict regulations, enforcing the financial institutions to comply with the security requirements. Hence, major financial institutions have made substantial investments in implementing the enhanced IAM solutions, driving the identity and access management market value.

Global Identity and Access Management (IAM) Market size was estimated to be over USD 9.5 billion in 2017 and is set to exceed USD 18.9 billion by 2024; according to a new research report by Global Market Insights, Inc.

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

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

The Asia Pacific identity and access management (IAM) market is growing at the fastest pace and is projected to grow at a CAGR of 15.6% over the forecast timeline due to the rapid increase in cybercrimes, increased penetration of smartphones, growing demand for cloud-based solutions, substantial development in the industrial sector, and rising adoption of BYOD. The IoT adoption in 2013 was around 12 percent, which reached around 36 percent in 2017.

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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, Dell, ForgeRock, Gemalto, HID Global, Hitachi, IBM, Microsoft, OpenText, Oracle, Siemens, Symantec, SailPoint, Crossmatch, HID Global, iWelcome, Net IQ, Okta, Inc., OneLogin, and Ping Identity.

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:

https://www.gminsights.com/industry-analysis/identity-and-access-management-market

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