Global Identity Management Software Market: Stringent Government Standards and Regulations to Improve Security Levels to Encourage Market Growth

A new market research study by Transparency Market Research (TMR) offers a thorough overview of the identity management software market across the globe, focusing on the key growth prospects and latest trends. The research study, titled “Identity Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023,” provides a clear understanding of the market and throws light on the key drivers, limitations, and opportunities. In addition, the product segmentation, key geographical segments, and the competitive scenario of the global identity management software market have been discussed at length.

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Identity management software regulates user access to information and enhances security and efficiency of the organization. The software is being used widely to identify and restrict access to information by particular IP addresses and other recognizing factors. Identity management software helps in performing several functions such as account management, access request management, role management, multifactor authentication, compliance management, password management, user activity monitoring, single sign-on, and user provisioning. The product type, application, and technology segments of the global identity management software market have been included in the study, along with a detailed analysis and growth prospects.

The rising terrorism activities and high crime rate across of the globe are the primary factors expected to drive the demand for identity management software. In addition, the rising investments by governments and private organizations in order to develop overall infrastructure are encouraging the growth of the global market. Stringent government standards and regulations to enhance security levels worldwide are expected to fuel the growth of the identity management software market. On the other hand, lack of technological awareness is restricting the growth of the overall market. Moreover, the high cost of implementation and complexity of network infrastructure are expected to inhibit the growth of the market throughout the forecast period.

Nonetheless, the rising adoption of smart cards, centralized database, and biometrics for personal identifications is projected to accelerate the growth of the global identity management software market. Key players in the market are focusing on the expansion of their businesses in developing economies, which will reduce the lack of awareness over the next few years and fuel the growth of the global identity management software market.

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Geneous Software AG, Covisint Corporation, Ping Identity Corporation, HID Global Corporation, Centrify Corporation, Pirean Limited, ViewDS Identity Solutions, Oracle Corporation, IBM Corporation, Omada A/S, Tools4ever, and Identacor are some of the leading players operating in the global identity management software market. The company profiles, business strategies, financial status, and product portfolio of the leading players have been included in the scope of the research report.

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