openPR Logo
Press release

Personal Identity Management (PIM) Market to reach at USD 34 billion by 2024.: Global Market Insights Inc.

05-16-2017 07:24 AM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc

Personal Identity Management (PIM) Market size was around USD 6.5 billion in 2015, and is expected to grow at 20% CAGR and reach about USD 34 billion by 2024. Growing concerns for digital data security of personal and professional significance is expected to be the key factor driving growth.

Mobile devices such as smartphones, laptops, tablets, and wearable health devices have penetrated nearly every segment of the global industry. Increasing concern for protection of confidential data from unauthorized users in these mobile devices is expected to propel personal identity management market share. Repeated occurrences of data breaches and security attacks are likely to mandate PIM solutions in every device.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/720

PIM refers to the basic standards, rules and algorithms that enable users to restrict utilization or sharing of data without the consent of the actual user. The key application segment of this industry is the banking sector, where every individual account holder’s information is to be kept confidential. BFSI is forecast to remain witness high growth and remain an attractive part of the global personal identity management market share.
These solutions can be used to provide better security to companies from cyber crimes such as viruses, bank robbery, credit card frauds and pornography. Moreover, regulations and government laws pertaining to cyber crime and data security are expected to fuel industry growth over the next few years. For instance, FISMA (Federal Information Security Management Act) is a U.S. legislation that explains a comprehensive structure to protect government operations, information and assets entertain the usage of these solutions.

Applications of these solutions are likely to mandate the need for secured access in all the domains with particular user names and passwords. Thus, users will have to remember these and follow specific time consuming procedures to gain access to their own data. Moreover, modifications of security codes are becoming increasingly complex and still lack efficient security to malwares, which may hamper growth. Other restraints include the lack of skilled professionals for designing, developing and implementation of complex programs to ensure specific consumer requirements. This in turn may also result in high initial costs of implementation and impact adoption rates in the forecast timeframe.
The dependency of global population on web applications is increasing, resulting in exponential rise in the number of cyber attacks including APTs (advanced persistent threats). To counter these advanced threats, implementation of UTM (unified threat management) solutions for data security is expected gain prominence. Such cloud based hybrid solutions are likely to trend during the forecast timeline owing to their simple, secured functioning and scalability.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/720

On the basis of application, the industry can be bifurcated into content management and access control. Access control segment is expected to dominate the personal identity management market size during the forecast timeline due to its ability to restrict unauthorized access to confidential information and reduce tampering of critical data. On the basis of end-use, the various segments include telecom & IT, banking, government, energy, manufacturing and healthcare. Moreover, personality identity management market size is bifurcated into on-premises and cloud based on the deployment. Cloud based solutions are likely to dominate due major applications for secured access and control of individual data in the banking domain.

U.S. personal identity management market share is expected to dominate the industry owing to increasing presence of large companies and global financing organization in the region. Asia Pacific is projected to register highest CAGR during the forecast primarily due to steady development in countries such as China, India and South Korea. Europe is anticipated to grow consistently due to maturity in regulatory and technical infrastructure developments.

Key participants include Citrix, Good Technology, IBM, MobileIron and VMware. Other prominent participants consist of Alfresco Software, CA technologies, Colligo Networks, SAP, Symantec Centrify, Fischer International and OneLogin. The global industry is fragmented due to the presence several large and small competitors. The competitive landscape is anticipated to witness several strategies for consolidation such as partnerships, mergers & acquisitions and solution upgrades during the forecast timeframe.

Browse Related Reports:
• Wearable Sensors Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Growth Potential, Competitive Market Growth & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/wearable-sensors-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Personal Identity Management (PIM) Market to reach at USD 34 billion by 2024.: Global Market Insights Inc. here

News-ID: 537503 • Views: 413

More Releases from Global Market Insights, Inc

Global Hydraulic Hoist Market 2019 by regional trend & growth forecast to 2025 | …
Global Market Insights has recently added Hydraulic Hoist Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. The Asia Pacific regional Hydraulic Hoist Market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America
Pharmacovigilance Outsourcing Market Growth Analysis by Product, Application, In …
U.S. pharmacovigilance outsourcing market dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug reactions
United Rentals | Construction Equipment Rental Market 2024 | Top Manufacturers U …
Construction Equipment Rental Market in Asia Pacific is expected to reach over USD 40 billion by 2024. The emerging trend of the organizations toward renting of heavy construction equipment will have a positive impact toward the industry demand. Rising wage rates in China coupled with the changing consumption patterns are generating a huge demand for the rental machinery. Construction Equipment Rental Market to cross $140 billion by 2024.
Automated Breast Ultrasound Systems Market Demand, Growth, Opportunities, Top Ke …
Automated Breast Ultrasound Systems Market size was valued over USD 590 million in 2017 and is expected to witness more than 16.0% CAGR from 2018 to 2024. The inception of automated breast ultrasound system (ABUS) market has completely revolutionized the diagnostic approach of breast cancer. Indeed, the increasing incidence of breast cancer across the world in the recent past has also added a dimension of growth to this industry. ABUS

All 5 Releases


More Releases for PIM

PIM Software Market Is Booming Worldwide | xCircular, Plytix PIM, StiboSystems, …
A latest study released by HTF MI on Global PIM Software Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of PIM Software market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part
PIM Software Market : Comprehensive study explores Huge Growth by xCircular, Ply …
HTF MI recently introduced Global PIM Software Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are xCircular, Plytix PIM, StiboSystems, Shotfarm, Talkoot, Jasper, MaPS System, Oracle, Agility
Global PIM Software Market Developments & Key Challenges 2025
Qyresearchreports include new market research report "Global PIM Software Market Size,Status and Forecast 2025" to its huge collection of research reports. The trajectory of the global PIM Software market is intercepted by several exciting trends and shifts, an in-depth account of which is offered in the report. The study on the global PIM Software market present evidence-based industry insights covering the growth dynamics, the outlook of key segments, and major technological
Global PIM Software Market Analysis 2017 – 2022: xCircular, Plytix PIM, StiboS …
Global PIM Software Market Size, Status and Forecast 2022 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. This study recognizes that in this quick-evolving, competitive environment, up-to-date industry information is essential to monitor performance & make critical decisions for growth and profitability. It provides information on trends and developments, focuses on markets and materials, capacities,
REV’IT! chose future-proof Product Information Management with Perfion PIM
In connection with an upgrade to a new B2B dealer portal, REV’IT!, the Dutch designer and manufacturer of fashionable motorcycle gear, chose a new, future-proof path by implementing a 100% standard PIM system - Perfion. When REV’IT!, started using Perfion Product Information Management, the company had been working with a custom built PIM solution for some years, but REV’IT!’s challenge was that it was extremely time consuming and expensive to
Birkenmeier Stein + Design transforms scattered data sets with Perfion PIM
Product information scattered in numerous Excel files. Elaborately and manually produced pricelists. Time-consuming, manual processes. All this will soon remain in the past at Birkenmeier Stein + Design. Soon, a new PIM solution will be the only source for product data and price lists will be created 100% automatically. The result? A significant reduction of time spent. At Birkenmeier Stein + Design, the leading manufacturer of stones