The report of identity and access management market by component (provisioning, directory services, password management, audit, compliance, and governance, single sign-on, and advanced authentication), by organization size (small & medium enterprises, large enterprises), by deployment type (cloud, on-premises), by vertical (BFSI, telecom & IT, public sector & utilities, energy, education, manufacturing, healthcare & life sciences, and others), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)
Increasing arrival of risk management solutions such as policy-based compliance and audit management combined with cost control is one of the primary growth speeds for the market. Furthermore, growing trend of bring your own devices, internet of things (IoT), and mobility and remote workforce is driving organizations to implement identity and access management solutions, which is expected to further drive the market. However, lack of effective identity and access management poses major risks to compliance and to an organization’s overall security, which restrictions the growth of the market.
Provisioning segment holds the highest revenue in the identity and access management market over the forecast period
Provisioning segment holds the highest revenue in the identity and access management market over the forecast period. Provisioning is the process of generating and handling access to resources in a diversified IT environment, ensuring the creation of new accounts and access to data is secured and reliable. Password management segment in identity and access management market is increasing at a steady rate and is expected to grow at a CAGR over the forecast period.
North America holds the highest market share in 2019
North America holds the highest market share in 2019 in the global identity and access management market owing to increasing adoption of connected devices such as BYOD and cloud computing along with a rise in the usage of mobile applications. The Asia Pacific identity and access management market is growing at the fastest pace and is estimated to grow at a CAGR over the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of prominent companies. It includes the profiles of leading manufacturers such as IBM Corporation, Oracle Corporation, CA Technologies, Microsoft Corporation, Dell EMC, NetIQ Corporation, Okta, Inc., Hitachi ID Systems, Inc., and SailPoint Technologies.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the identity and access management market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the identity and access management market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain identity and access management market positioning of competitors.
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