Identity & Access Management Market New-Age Technology Upgrading Greater Preference Opportunity Business Trends, Global Segments by Forecast 2030
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Market
Scenario:
The
global Identity
And Access Management Market has been expected to
increase at a CAGR of 13.50%, with a value of USD 35.71 billion during the
estimated forecasting year of 2030. The demand for identity and access
management market is gaining traction due to the ring of regulatory compliances
and security concerns. It also matters more than the increasing cloud adoption
is one of the most important factors responsible for the growth of the identity
and access management market sectors around the world. However, the integration
of advanced technologies like blockchain as well as artificial intelligence
into the identity and access management market solutions has been expected to
raise the growth of the entire market sector within the upcoming time. It
allows the organizations to manage the lifecycle of the identities like
employees, contractors and vendors. Cloud technology is changing the way of
business and other essential work while it is driven by cost efficiency and the
economics of sale.
Furthermore,
the lack of effective security can undermine the benefits of cloud computing.
This marks the fundamental need for security solutions that include security
for identity-related crimes, and thus it drives the market for identity and
access management. Secure the networks, and the digital assets have become an
important component of every business. Hackers do not only commit the data
breaches, but the individuals also commit many within an organization who have
access to sensitive parts of the networks or facilities. Among these types of
cloud deployment used in the market, the public cloud accounted for the largest
share due to its increased adoption across the verticals. Due to the spread of
the epidemic, the organizations have adopted remote work culture and cloud
technology to mitigate the impact on the business operations.
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Competitive
Outlook
The
key participants identified by MRFR operating in the global identity &
access management market are– F5 Networks (U.S.), Amazon Web Services (U.S.),
HP (U.S.), IBM (U.S.), Microsoft Inc. (U.S.), Oracle Corporation (U.S.),
Siemens AG (Germany), Dell Inc. (U.S.), CA Technologies (U.S.), ForgeRock Inc.
(U.S.) among others.
Segmentation:
The
global identity and access management market has been divided into solutions,
deployment, organization size, end-user verticals and regional analysis. The
solution section further divides the market into five parts: identity cloud,
identity governance, access management, directory services, and other
solutions. The deployment section further divides the market into three parts:
on-premise, hybrid and cloud-based. As per the organization part, the entire
market has been segmented into two categories: large enterprises and small
& medium enterprises. The identity and access management market is further
classified into eight sections BFSI, IT & telecom, education, healthcare,
retail, energy, manufacturing, and other end-user verticals with end-user
verticals. As per the regional basis, the market is divided into five parts:
Asia-pacific, Europe, North America, South America, and Middle East &
Africa.
Regional
Analysis:
Over
the last few times, several data breaches have been reported in the Northern
American region. These breaches have affected several end-user segments ranging
from IT and telecom, healthcare, to the energy sector. The data breach affected
around 2.7 million people and 173,000 businesses. The leaked information
includes names, addresses, birth dates, email addresses and information about
the transaction habits. Besides this, the region's healthcare sector also can
defend against the cyber threats that its employees seriously undermine.
Industry News
In
Canada, the prevention of attacks on organizations, the IT budgets of the
companies increased by 11% between 2014 and 2017. In the United States, the IT
sector has spent on security solutions to reach USD 66 billion.
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Table of Contents:
1 Executive Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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