Personal Identity Management Market Projections and Regional Outlook, Upcoming Demand (2022-2027)

According to the latest report by IMARC Group, titled "Personal Identity Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global personal identity management market size reached US$ 15.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.7 Billion by 2027, exhibiting a growth rate (CAGR) of 13.89% during 2022-2027. Personal identity management is a process that helps organizations in securing and manage massive digital and non-digital data of customers and employees. It stores customer profile data and enables organizations to market their products and services. It provides a secure, unified, and enhanced customer experience. It acts as a shield when third-party users try to gain access to private data and information without user consent. It is widely deployed across various industry verticals, such as government, banking, financial services, insurance, telecommunication & IT, healthcare, energy & utilities, retail, manufacturing, education, and others.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global Personal Identity Management Market Trends:

The global market is majorly driven by increasing threats of cyberattacks. In line with this, the emerging trend of IoT (Internet of Things) has made devices and applications more vulnerable to cyberattacks which are likely to provide substantial growth opportunities to the personal identity management industry. Furthermore, the constant pressure of managing data breaches and the need to reduce costs has led enterprises of all sizes to adopt these applications for data management. Moreover, cloud-based identity management solutions are gaining high traction in the market as they require less capital investment, help decrease operational and maintenance costs, and reduce management efforts. Besides this, favorable government regulations on the security of personal data are creating a positive outlook for the market. Additionally, constant technological advancements and the advent of automated meter infrastructure are some other factors significantly contributing to the market.

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Global Personal Identity Management Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

• IBM Corporation
• VMware, Inc.
• Broadcom Inc.
• Microsoft Corporation
• Oracle Corporation, Okta, Inc.
• Hitachi ID Systems, Inc.
• Dell Technologies, Inc.
• Micro Focus International plc
• SailPoint Technologies, Inc.
• OneLogin, Inc.
• Centrify Corporation
• Experian Information Solutions, Inc.
• AO Kaspersky Lab

Breakup by Component:

• Applications

o Access Control
o Content Management

• Services

o Professional Services
o Managed Services

Breakup by Deployment Type:

• On-Premises
• Cloud

Breakup by Data Type:

• Behavioral Data
• Individual Identity Data
• Derived Data
• Self-Identified Data

Breakup by Industry Vertical:

• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Consumer Goods and Retail
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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