Identity & Access Management Market Scope
Identity and access management also known as IAM, is the technique or process used in enterprises for managing the roles and accurately delivering the secure access to the authorized users for systems, applications, data they need, at any time, from any device and also providing them the circumstances in which a user can be granted or denied these privileges such as what resources they are able to access or what functions they are able to perform. . The users that use IAM might be customer (customer identity management) or employees (employee identity management). IAM simply gives authentication, authorization, and access control to the users. Increasing issues related to the hacking, corporate data breaching and cybercrimes have more importantly given rise to use IAM in all enterprises.
According to AMA, the Global Identity & Access Management market is expected to see growth rate of 20.3% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Identity & Access Management market throughout the predicted period.
IBM Corporation (United States), Oracle Corporation (United States), CA Technologies (United States), Microsoft Corporation (United States), Dell EMC (United States), NetIQ Corporation (United States), Okta, Inc. (United States) and Hitachi ID Systems, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SailPoint Technologies (United States) and Amazon Web Services, Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Identity & Access Management market by Type (Provisioning, Single Sign-On, Advanced Authentication, Audit, Compliance, & Governance, Directory Services and Password Management), by Application (BFSI, Telecom and IT, Healthcare and Life Sciences, Retail and CPG, Public Sector and Utilities, Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Identity & Access Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of Cloud Services and Mobile Devices in IAM and Growing Trend Of Bring Your Own Devices (BYOD) and Internet of Things (Iot)
Market Growth Drivers:
Rising Awareness in enterprises About Compliance Management, Increasing Demand for Mobility Solutions and Increase in Security Concerns Among Organizations
Challenges:
Issues Related To Complex Integration Due To Diversified IT System Environment, Difficulty in Collaborating With the Internet of Things and Inconvenience in Managing Distributed Workforce
Restraints:
Lack of Knowledge About Identity & Access Management Solutions and Risk of Data Breaching
Opportunities:
Increasing Cloud and SaaS Adoption in both Developed and Developing Nations and Growing Market via Hybrid Cloud Model
Market Leaders and their Expansionary Development Strategies
The Identity & Access Management market appears to be highly competitive and fragmented. To maintain their market position and to drive the market growth market leaders are continuously innovating and increasingly seeking market expansion through various strategic mergers and acquisitions and also increasing their investments in research and development and cost-effective product portfolio. Major players are investing in the latest technology and, most of all, in acquiring other firms.
In June, 2018, Ping identity launches new product capabilities to improve customer experience and modernize enterprise IAM systems. The Ping Intelligent Identity achieve Zero Trust identity-defined security and more personalized, streamlined user experiences and Ping Intelligent Identity Platform provides customers, employees, and partners with access to the cloud, mobile, SaaS and on-premises applications and APIs, while also managing identity and profile data at scale.
Key Target Audience
IAM Service providers, Software development companies, Security service providers, Market research companies, Security software providers and Government
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.