Identity and Access Management Market in BFSI | Global Opportunity Analysis and Industry Forecast, 2021-2031 | Top Key players such as - Micro Focus, Bitium and Okta.

According to the report published by Allied Market Research, The Identity and Access Management Market in BFSI | Global Opportunity Analysis and Industry Forecast, 2021-2031 | Top Key players such as - Micro Focus, Bitium and Okta. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

An identity and access management (IAM) system in BFSI is a framework for business processes, which facilitates the management of electronic identities. This framework includes the technology, which supports identity and access management. IAM technology can be used to capture, initiate, record, and manage user identities and their access permissions through automation. This ensures that all individuals and services are properly authorized, authenticated, and audited.

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The identity and access management market in BFSI is segmented on the basis of deployment type, end user, size, and region. Deployment type segment covered in this study includes cloud and on-premise systems. Cloud systems are again bifurcated into public, private, and hybrid. Based on organization size, the market is divided into small & medium enterprises (SMES) and large enterprises. Based on component, the market is classified into directory services, password management, audit, compliance, and governance management, advanced authentication, provisioning, and single sign-on.

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Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key players profiled in the report include IBM Corporation, Oracle Corporation, Hitachi ID Systems, Inc., Dell Technologies, CA Technologies, Micro Focus, Bitium, Inc., Okta, Inc., Centrify Corporation, and Core Security SDI Corporation.

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Key Benefits

• The study provides an in-depth analysis of the global identity and access management market and current & future trends to elucidate the imminent investment pockets.

• Information about key drivers, restrains, and opportunities is provided.

• Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

• The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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