Identity and Access Management Market Booming the Industries by Ravisisng keyplayers | Amazon Web Services, CA Technologies, Centrify Corporation, Dell Emc, ForgeRock Inc., Hewlett Packard, HID Global Corporation, Hitachi Id Systems, Inc., IBM Corporation

Identity access management (IAM) is a security framework, which ensures secure access to end users across multiple applications. The basic functionality of IAM includes authorized user access requests, automated provisioning of accounts among heterogeneous systems, password management, control over user access to target systems via automated policies & workflows and access certification processes, which help organisations to protect IT infrastructure.

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Cloud-based IAM solution provides growth opportunity to the market
Cost-effectiveness feature of the cloud-based IAM service is one of the major driving factors for growth of the market. Enterprises are adopting cloud-based applications at a large scale, which in turn increase the cloud traffic.
BFSI segment is expected to account for the largest market share during the forecasted period

On the basis of verticals, the BFSI segment is expected to hold the largest market share during the forecasted period. Bank and financial institutions’ operations are operated in secure environment. The BFSI sector is increasingly implementing IAM solutions to improve risk management and fraud detection, as these solutions help in preventing online fraud transactions, credit card-related functions, and insurance claims.

Identify and access management: Regional insights

North America held a dominant position in the market and is estimated to retain its dominance throughout the forecast period. Increasing penetration of IoT devices among various verticals, growing adoption of bring your own device (BYOD) trend, and enterprise mobility requirements are some of the factors bolstering growth of the identify and access management market over the forecast period. According to ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 454 data breaches were recorded in the U.S. Therefore, to decrease the risk associated with data breaches and reduce the vulnerabilities, demand for IAM solutions to combat malicious attacks is expected to increase in large and small and mid-sized companies. This is anticipated to drive growth of the identity and access management market in the near future. Additionally, growing awareness of security breaches has led to adoption of these services by various government agencies such as such as Department of the Interior, Transportation, and Veteran Affairs, U.S. for implementing high authentication measures, thus aiding in growth of the market.

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Identify and access management: Competitive Background

Some of the leading players in the identify and access management include Amazon Web Services, CA Technologies, Centrify Corporation, Dell Emc, ForgeRock Inc., Hewlett Packard, HID Global Corporation, Hitachi Id Systems, Inc., IBM Corporation, Intel Corporation, McAfee, and Oracle Corporation.

Identify and Access Management: Taxonomy

By Component

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

By Organization Size

• SMEs (Small and Medium Enterprises)
• Large Enterprises

By Deployment Type

• On-premises
• Cloud-based

By Verticals

• BFSI
• Telecom & IT,
• Retail,
• Public Sector and Utilities
• Energy
• Education
• Manufacturing
• Healthcare and Life Sciences
• Others

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