Industry Background:
The global Identity and Access Management (IAM) market are expected to witness high demand in the forecasted period due to Increase spending on security solutions by government bodies and large-scale enterprises to curb identity theft and to adhere to regulatory compliance are prominent factors expected to boost the growth. Increasing web-based applications, risk management solutions such as policy-based compliance, and audit management combined with cost control measures are the key factors driving the IAM demand. Additionally, the proliferation of Bring Your Own Devices (BYOD), Internet of Things (IoT), mobility, and remote workforce has necessitated organizations to adopt IAM solutions, thereby driving growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Microsoft Corporation (United States), Dell EMC (United States), Oracle Corporation (United States), CA Technologies (United States), NetIQ Corporation (United States), Okta, Inc. (United States), Hitachi ID Systems, Inc. (United States) and SailPoint Technologies (United States) |
According to AMA, the market for Identity and Access Management (IAM) is expected to register a CAGR of 13.3% during the forecast period to 2027. This growth is primarily driven by The rise in Awareness About Compliance Management and Increasing Demand for Mobility Solutions.
Globally, a noticeable market trend is evident Increase in Security Concerns Among Organizations
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM Corporation (United States), Microsoft Corporation (United States), Dell EMC (United States), Oracle Corporation (United States), CA Technologies (United States), NetIQ Corporation (United States), Okta, Inc. (United States), Hitachi ID Systems, Inc. (United States) and SailPoint Technologies (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
For instance, in the case of the healthcare sector, as per the Health Insurance Portability and Accountability Act of 1996 (HIPAA), organizations are required to ensure the portability of healthcare coverage and privacy of patient records.
Influencing Trend:
Increase in Security Concerns Among Organizations and The growth of web-based applications, risk management such as policy-based compliance and audit management
Market Growth Drivers:
The rise in Awareness About Compliance Management and Increasing Demand for Mobility Solutions
Challenges:
Complex Integration Due to Diversified IT System Environment
Restraints:
Lack of Knowledge About Identity & Access Management Solutions
Opportunities:
Increasing Cloud and Saas Adoption and Growing Market Via Hybrid Cloud Model
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Identity and Access Management (IAM) Market
- Analysis about New Entrants in Identity and Access Management (IAM) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Identity and Access Management (IAM) Study Sheds Light on
The Identity and Access Management (IAM) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Identity and Access Management (IAM) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Identity and Access Management (IAM) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.