Identity and Access Management (IAM) Market : Top Players – SailPoint Technologies Holdings, Inc., Centrify Corporation, Dell Inc., IBM Corporation, Microsoft Corporation, ForgeRock, CA Technologies, Crossmatch, Gemalto, iWelcome, Okta, Inc., Oracle, Pi

How will surging cyber-attacks enhance identity and access management market growth?

With digitalization percolating various industry terrains and subsequent rise in cyberespionages, global identity and access management (IAM) market outlook is exhibiting a positive externalities. Modern-day enterprises are constantly subject to cyber threats, which has compelled organizations of all sizes to invest in IAM solutions. In particular, the consolidating trend of bring your own device (BYOD), which increases the risk of data theft is a key contributor to IAM market demand.

Additionally, sophisticated technologies, such as IoT, big data, and cloud computing are gaining traction, which will further augment identity and access management (IAM) market share.
According to a comprehensive research report by Global Market Insights, Inc., identity and access management market share will surpass $20 billion by 2025.

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How will increasing trend of connectivity in workplaces escalate IAM industry size?

Several end-use sectors are pursuing a trend of connected workplaces to improve productivity and better employee satisfaction, which is spurring IAM market demand. Increasing connectivity in corporate environments has led to inflated investment in IAM solutions. For example, in May 2018, Okta announced entering into a cloud identity partnership with VMware to help in securing cloud migration.

How public sector & utilities applications influence IAM market outlook?

In 2018, public sector & utilities applications procured more than 23% of the overall identity and access management industry share. The segmental growth can be credited to escalating cyberattacks and developing digital transformations, including real-time data access to customers, automated infrastructures, and cloud computing within the public sector. The companies in utility sector are also deploying IAM solutions as they need to manage power generation, transmission, and circulation. They are managing logical and physical access to its resources, such as buildings, operational technology, IT, and equipment.

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How will cloud-based IAM enhance identity and access management market outlook?

Cloud-based IAM solutions are highly being adopted by various end-users due to the operational efficiencies, standardization, and cost benefits offered by them, generating growth opportunities for IAM industry. For example, in July 2018, Okta partnered with Bitglass to deliver real-time threat and data protection to the firms moving towards cloud. The partnership will offer a safe way of managing business with agility and ease to its customers.

How will Latin America emerge as a major revenue contributor to the global identity and access management market?

Latin America has been observing rapid digitalization in recent years. Enhanced connectivity in urban, corporate, and personal environment, has consequently made enterprises more vulnerable to malicious cyber-attacks, thereby fueling the need for IAM deployment. As per estimates, Latin America identity and access management market will record above 13% CAGR over 2019-2025.

How are strategic alliances characterizing the competitive landscape of identity and access management industry?

Given the massive rise in identity thefts, firms are investing massive amounts on strengthening their security postures. To this end, various enterprises are focusing on strategic alliances to acquire additional security capabilities. For example, in June 2018, Ping Identity entered into a strategic collaboration with SailPoint Technologies to offer protected access to several hybrid and on-premise IT applications. The collaboration was aimed at providing streamlined governance solutions and identity access to various organizations.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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