Europe Identity and Access Management Market to witness growth more than $4 bn till 2024

Europe IAM solution providers are entering into strategic cooperative relationships, enabling customers to take advantage of the collaborative offerings. The key players functioning in this market include Oracle Corporation, Siemens, Microsoft Corporation, IBM Corporation, Computer Science Corporation, and SailPoint Technologies.

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According to the Graphical Research new growth forecast report titled “Europe Identity and Access Management (IAM) Market Analysis based on Deployment Model, Solution, Application”, Estimated to Exceed USD 4 Billion By 2024

As employees are moving beyond the traditional way of doing business by interacting with customers through multiple channels, it is essential for the enterprises to ensure that the employees, partners, and customers get simple and secured access to applications. This safety requirement coupled with centralized access control is a major factor contributing to market growth. Enterprises also need to meet the requirements of the evolving data privacy regulations such as GDPR. This law provides a control over who can access the user data with the enforcement of user consent, enhancing the adoption rate.

The audit, compliance, and governance solutions are growing at a rapid pace in the European IAM market, which is anticipated to grow at a CAGR of over 17% by 2024. The growing concern among organizations regarding data thefts of critical customer information is a major factor contributing to the market growth. The implementation of IAM solutions across various industries including IT & telecom, BFSI, public utilities, and healthcare also leads to higher market demand.

The healthcare sector is projected to grow at a CAGR of over 10% during the forecast timespan. The IAM solutions assist the healthcare department in reducing risks, meet the compliance, and deliver improved patient care. Stolen patient records are extremely lucrative due to their longer shelf life as compared to the financial data. Hence, it is essential to adopt IAM systems for providing a superior level of healthcare services by meeting regulatory demands.

Segments we Cover:

Europe IAM Market Trends, By Deployment Model
On-premise
Cloud
Europe IAM Market Statistics, By Solution
Provisioning
Password Management
Directory Services
Advanced Authentication
Single Sign-on
Audit, Compliance, and Governance

Europe IAM Market Growth, By Application
BFSI
IT & Telecom
Healthcare
Education
Public Sector and Utilities
Manufacturing
Retail
Others

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1132/europe-identity-and-access-management-iam-market

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Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
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