Identity & Access Management (IAM)
market size is
estimated to reach USD 26.74 billion by 2022; Identity and access management market share is poised
to witness a double-digit growth (15% CAGR) over the coming five years, driven
by the increasing demand for establishing secure access control infrastructure
worldwide. Enterprises, both the government and privately owned, are adopting
IAM technology vigorously, owing to the rising security needs pertaining to the
information access by the right individual, at the right time and the right
place. Moreover, adoption of this technology by various large and medium scale
organizations to enhance their operating efficiency and performance will
further influence the IAM industry share. According to the research by Global
market insights, Inc.
Strict regulations about secure access
control for industries such as healthcare, pharmaceutical, financial services,
energy, etc. will impact identity and access management industry size
noticeably. Growing demand for native cloud application and superior network
capabilities will be some of the major attributing factors for the identity and
access management market growth.
Public sector is likely to be the leading end-use segment of the global
IAM market
Education, energy, telecom & IT, BFSI,
healthcare, oil & gas, manufacturing, public sector & utilities are
some key end-users of the identity and access management industry. Banking,
financial services, and insurance (BFSI) sector will positively influence IAM
market size, owing to the growing need to protect consumer and institutional
assets. Furthermore, education and healthcare sector are projected to
contribute significantly towards the market growth over the coming five years.
Cloud-based IAM is anticipated to register a growth rate of 20% over the
coming five years
Cloud identity and access management market
will witness an annual growth rate of 20% over the coming period of 2015-2022,
which is driven by the various benefits offered by cloud-based IAM such as low
cost, improved productivity, simplified management, and no hardware &
software deployment. Additionally, cloud technology detects security breaches
of unauthorized physical access immediately, which will facilitate its usage
across various key industries.
Taking into consideration the global outlook,
Asia pacific identity and access management market size will yield high surge
by surpassing a revenue of USD 6 billion by 2022. Rising cyber threats towards
critical infrastructure and growing deployment of IAM across various public and
private firms will influence the regional growth.
North America IAM industry share contributed
towards 35% of worldwide revenue in 2014 and is predicted to grow substantially
over the period of 2015 to 2022. U.S. is projected to be the major revenue
pocket for North America.
Industry participants will invest heavily in
R&D to integrate new and innovative technologies in their existing product
portfolio. Mergers & Acquisitions and strategic alliances will be few of
the major growth strategies adopted by the players to enhance their market
value over the coming five years. Key industry players includes CA
Technologies, Dell EMC Corporation, Amazon Web Services, Inc., Oracle,
OneLogin, NetIQ, HID Global, IBM, Centrify, and HP.
Global IAM Market Device Analysis (Revenue, USD Million, 2012 - 2022)
- Cloud
- Hybrid
- On-premise
- BFSI
- Energy
- Oil & Gas
- Telecom & IT
- Education
- Healthcare
- Public sector & utilities
- Manufacturing
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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