Global Identity & Access Management Market – Industry Trends and Forecast to 2024

Market Analysis: Global Identity & Access Management Market

The Global Identity & Access Management Market accounted for USD 8.24 billion in 2016 growing at a CAGR of 13.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

Market Definition: Global Identity & Access Management Market

The identity and access management process used in businesses and organizations to grant or deny employees and others authorization to secure systems, also managing electronic identities. Identity and access management verifies user access requests and either grants or denies permission to protected company materials. It is widely applicable in BFSI, telecom and IT, healthcare and life sciences, retail and CPG, public sector and utilities, energy, manufacturing, education, and others. Rise in awareness about compliance management may act as the major driver in the growth of identity & access management market. On the other side, lack of information security of consumer data may hamper the market. 

Major Market Drivers & Restraints:

Rise in awareness about compliance management
Increase in security concerns among organizations
Increasing demand for mobility solutions
Lack of knowledge about identity & access management solutions
Lack of information security of consumer data

Market Segmentation: Global Identity & Access Management Market

The global identity & access management market is segmented on the basis of component into provisioning, directory services, single sign-on, advanced authentication, password management, audit, compliance and governance. The directory services segment is further sub segmented into storage, meta directories, and virtual directories

On the basis of organization size, the global identity & access management market is segmented into small & medium enterprises (SMES), and large enterprises.

On the basis of deployment model, the global identity & access management market is segmented into cloud, and on-premises.

On the basis of vertical, the global identity & access management market is segmented into BFSI, telecom and IT, retail and CPG, public sector and utilities, energy, education, manufacturing, healthcare and life sciences, and others.

On the basis of geography, the global identity & access management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market. 

Company Share Analysis: Global Identity & Access Management Market

The report for identity & access management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Identity & Access Management Market

Some of the major players of the global identity & access management market are IBM Corporation, Oracle, CA Technologies, Microsoft Corporation, Dell, Micro Focus, Okta, Inc., Hitachi ID Systems, Inc., SailPoint Technologies, Inc., HP Development Company, L.P., Core Security SDI Corporation, and others.

Research Methodology: Global Identity & Access Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Identity & Access Management Market – Industry Trends and Forecast to 2024

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