Identity and Access Management Market to see booming growth | Dell, IBM, Microsoft

Identity and Access Management Market: Market Segments: By Component (Solutions and Services); By Deployment Mode (On-Premises and Cloud); By Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)); By Vertical (BFSI, IT & Telecom, Public Sector and Utilities, Healthcare, Education, Manufacturing, Retail and Others); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020and Forecasts to 2030

Product Overview
Identity and Access Management (IAM) ensures that only legally approved workers have access to the right tools in a highly heterogeneous technological environment. It is a solution that controls access to resources for companies. This primarily ensures that staff, partners and clients have convenient and safe access to the appropriate applications.

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Market Highlights
Identity and Access Management Market is expected to project a notable CAGR of 14.5% in 2030.

Identity and Access Management Market to surpass USD 26.6 billion by 2030 from USD 10.32 billion in 2019 at a CAGR of 14.5% throughout the forecast period, i.e., 2020-30. The emergence of cloud-based identity and access management software has fueled market growth. The introduction of mandatory policies by national governmental cyber authorities to avoid data loss and enhance protection is a major factor driving the growth of the identity and access management solution industry.
Identity and Access Management Market: Segments

Cloud deployment to grow with the highest CAGR of 15.9% during 2020-30

Identity and Access Management Market is segmented by deployment into cloud and on-premise. On-premise solutions based on deployments, led the market in 2019, accounting for over 52.7 % of market share. Large organizations benefit from cost savings associated with automated user provisioning, as well as enhanced audit capabilities and compliance with their entire portfolio of Software as a Service (SaaS), WebEx, Google Apps and Box.net. Whereas, the cloud segment is projected to record enormous growth over the forecast period. Due to its cost-effectiveness and economies of scale, rising cloud model adoption by different organizations is one of the primary factors contributing to segment growth.

Identity and Access Management Market: Market Dynamics

Drivers
Substantial growth in data breaches, identity theft and hacking incidents

Identity and access management market growth is attributed to the rising risks of data exposure, data loss, data leakage, insider attacks, and unsafe use. These cyber-attacks are motivated by the rapid introduction of emerging technology such as cloud-based applications, the Internet of Things (IoT), and Bring Your Own Devices (BYOD) by organizations.

Restrain
Lack of standards and budgetary limitations in the implementation of IAM solutions

The growing environment of cyber threats is one of the biggest challenges for businesses across market verticals. The growth of the IAM industry is limited by the lack of identity requirements and insufficient budgetary resources, combined with the high cost of installing IAM solutions. The initial investment and maintenance costs for using IAM systems are considerable because of the need to implement robust security technologies.

Identity and Access Management Market: Key Players
• Sail Point Technologies Holdings, Inc.
• Centrify Corporation
• Dell Inc.
• IBM Corporation
• Microsoft Corporation
• ForgeRock
• CA Technologies
• Crossmatch
• Gemalto
• IWelcome
• Okta, Inc.
• Oracle
• Ping Identity
• Symantec Corporation

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Identity and Access Management Market: Regions
Identity and Access Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Identity and Access Management Market in North America held the largest market share of 38.2% in the year 2018 and it is expected to continue its market dominance in the future as favorable regulatory scenario is the primary factor stimulating regional growth. Several U.S. federal agencies, such as hardware-based personal identity identification cards, have incorporated stringent authentication requirements for their employees for accessing government IT infrastructure and networks. Asia Pacific (APAC) has seen advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the worldwide IAM industry during the forecast period. APAC's major economies, such as China, Japan, Australia and India, are expected to experience strong IAM business growth rates. Industries such as financial institutions, the public sector, healthcare, retail, education, telecommunications, manufacturing, energy and utilities, transport and logistics, hospitality, media and entertainment are expected to introduce the highest level of IAM solutions in the region.

Identity and Access Management Market report also contains analysis on:
Identity and Access Management Market Segments:

By Component:

• Solutions

o Data Directory

 Storage

 Synchronization/Meta directories

 Virtualization/Virtual directories

o Identity Lifecycle Management

 Provisioning

 De-provisioning

o Authentication

 Single Factor Authentication

 2-Factor Authentication

 Multi-Factor Authentication

o Verification

o Password Management

 Self-service Password Reset (SSPR)

 Password Reset

 Password Synchronization

o Access Management, and authorization

o Audit, Compliance, and Governance

• Services

o Integration and Deployment

o Support and Maintenance

o Consulting

By Deployment Type:

• On-premises

• Cloud

By Organization Size:

• Large Enterprises

• Small and Medium-sized Enterprises (SMEs)

By Vertical:

• BFSI

• IT & Telecom

• Public Sector and Utilities

• Healthcare

• Education

• Manufacturing

• Retail

• Others

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered:
• North America (Canada, Mexico)
• Europe (UK, France, Italy)
• Asia-Pacific (China, Japan)
• South America (Brazil, Argentina)
• Middle East and Africa

Key Reasons to Purchase this Report:
• Obtain strategic competitor information, Identity and Access Management market analysis and insights to formulate effective R&D strategies.
• Recognize emerging players with potentially strong product portfolios and formulate effective countermeasures to gain a competitive advantage.
• Plan mergers and acquisitions by identifying the best manufacturer.
• Categorize potential new customers or partners in the target audience.
• Develop tactical plans by understanding the key areas of leading companies.
• Suitable for supporting internal and external presentations with reliable, high-quality data and analysis.
• Develop regional and national strategies based on local data and analysis.

Key questions answered in this report:
1. Which geography would have better demand for products/services?
2. What strategies of big players help them acquire a share in the regional market?
3. Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
4. How feasible is the market for long term investment?
5. What opportunity the country would offer for existing and new players in the Identity and Access Management market?
6. Risk side analysis involved with suppliers in a specific geography?
7. What are influencing factors driving the demand of Identity and Access Management near future?
8. What is the impact analysis of various factors in the Identity and Access Management market growth?
9. What are the recent trends in the regional market and how successful they are?

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