How Identity and Access Management (IAM) Market Grow? Centrify Corporation, Okta, Inc., Experian PLC, Janrain, Inc., Mitek Systems Inc., Traxion Inc., LexisNexis Risk Solutions Inc., MorphoTrust USA, GB Group Plc, ID Analytics LLP, Aware Inc., Equifax Inc

IIdentity and access management (IAM) is type of framework of business processes, policies and technologies. This helps the management in electronic or digital identities. With this IAM framework, IT managers are able to control user access to critical information within their organizations. Additionally, identity and access management products offer role-based access control, which let the system managers regulate access to systems or networks based on the roles of individual users within the enterprise. The core objective of IAM systems is one digital identity per individuals. Once that digital identity has been established, it must be maintained, modified and monitored throughout each operator.

Global Identity and Access Management Market Dynamics- Identity and access management (IAM) is used to understand the business benefits in terms of management control, operational efficiency, cost savings, and business development for e-Commerce. The identity and access management market is primarily driven by the increased demand in security governance, enforcement concerns, distributed systems and workforce, and also for lower quality of security services within organizations. For instance according to Varonis, in 2016, 3 billion Yahoo accounts weregets hacked in one of the biggest breaches of all time. And in the same year Uber reported that hackers stole over 57 million riders and drivers information which increases the demand for global identity and access management market.

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Global Identity and Access Management (IAM) market is segmented on the basis of solution, service, deployment type, industry vertical and region & country level. On the basis of solution, market is divided into advanced authentication, identity proofing services and others. By service, market is divided into professional services and managed services. By deployment type, market is divided into cloud and on-premises. By industry vertical, market is divided into banking, healthcare, IT & telecom, consumer goods & retail, energy & utility, public sector and others.

The regions covered in this Identity and Access Management (IAM) market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Identity and Access Management (IAM) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Identity and Access Management (IAM) Market Report- Some major key players for global Identity and Access Management (IAM) market are Onegini, TransUnion, Ping Identity Corporation, Gigya, Inc., Centrify Corporation, Okta, Inc., Experian PLC, Janrain, Inc., Mitek Systems Inc., Traxion Inc., LexisNexis Risk Solutions Inc., MorphoTrust USA, GB Group Plc, ID Analytics LLP, Aware Inc., Equifax Inc. and others.

Additionally, advancements in technology is also forcing the organizations to seek identity and access management solution such as the internet of things (IoT) will make almost every object connected to the Internet and each other including drones, cars, and household devices. Furthermore, bring your own device (BYOD) policies by several organizations is also increasingly allow users to use their private devices for work purposes making security and privacy a real challenge. Increasing technological developments can provides numerous opportunities for the further growth of the market.

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North America is Expected to Dominate the Global Identity and Access Management (IAM) Market- North America is expected to dominate the global identity and access management (IAM) owing to the favorable regulatory policies regarding cyber security in various countries. For instance; according to Symantec Corporation, U.S. government to spend $15 billion on cyber security, and United States is No. 1 target for targeted attacks. Asia Pacific Market is expected to record significant growth in forecast period due to the growing cyber threats and deployment of IAM solutions across developing countries in the region. According to Foundation Council Spain Australia; 66% of Asia-Pacific organizations, cyber security budgets increased from the 2016. This was more marked in India by 92% and in China 78% and much less so in Hong Kong 52% and Australia 50%.

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