Personal Identity Management Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Personal Identity Management Market is estimated to grow at a CAGR of 16.5% during the forecast period. Personal Identity management's major purpose is to ensure that only authenticated users have access to the applications, systems, or IT environments for which they have been permitted access. Controlling the process of granting system or network permissions for existing users, as well as offboarding users who are no longer authorised to access organisation systems, are all part of identity management. Identity management determines if a user has access to systems and establishes the level of access and permissions that a user has on those systems.

Users are often given more access privileges than they require to complete their tasks in many businesses. Attackers can get access to an organization's network and data by using hacked user credentials. Organizations can protect their organisational assets with identity management against a variety of risks, including hacking, ransomware, phishing, and other malware attacks.

Cybercrime, which is gradually expanding with enhanced communications in many information technology sectors, is one of the primary drivers driving the market growth. Companies are seeking several measures to overcome cybercrime, such as hacking, virus/worms, bank robbery, credit card fraud, and so on. Furthermore, governments have enacted laws and regulations relating to personal data security and cybercrime, which are helping to boost the market's prominence in numerous industries. Furthermore, the growing popularity of IoT (Internet of Things) across a variety of industries, including banking, IT & telecom, retail, energy & power, has made devices and applications more vulnerable to cyberattacks, which is expected to boost the global personal identity management market significantly.

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Market Coverage

· The market number available for - 2021-2029

· Base year- 2022

· Forecast period- 2023-2029

Segment Covered-

· By Application

· By Deployment Type

· By Industry Vertical

· By Service

· Competitive Landscape: IBM Corp., Vmware, Inc., Ca Technologies, Microsoft Corp., Oracle Corp.

Personal Identity Management Market by Segments,

By Application

Content management
Access control
By Deployment Type

Cloud
On-premises
By Industry Vertical

IT and telecom
Banking, financial services, and insurance (BFSI)
Energy and utilities
Consumer goods and retail
Others (manufacturing, education, public sector, media and entertainment)
By Service

Professional services
Managed services
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Personal Identity Management Market- Segment by Region

North America

United States
Canada
Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

IBM Corp.
Vmware, Inc.
Ca Technologies
Microsoft Corp.
Oracle Corp.
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