Identity and Access Management Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Identity and Access Management Market: Market Segments: By Component (Solutions and Services); By Deployment Mode (On-Premises and Cloud); By Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)); By Vertical (BFSI, IT & Telecom, Public Sector and Utilities, Healthcare, Education, Manufacturing, Retail and Others); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020and Forecasts t- 2030

Product Overview

Identity and Access Management (IAM) ensures that only legally approved workers have access t- the right tools in a highly heterogeneous technological environment. It is a solution that controls access t- resources for companies. This primarily ensures that staff, partners and clients have convenient and safe access t- the appropriate applications.

Market Highlights

Identity and Access Management Market is expected t- project a notable CAGR of 14.5% in 2030.

Identity and Access Management Market t- surpass USD 26.6 billion by 2030 from USD 10.32 billion in 2019 at a CAGR of 14.5% throughout the forecast period, i.e., 2020-30. The emergence of cloud-based identity and access management software has fueled market growth. The introduction of mandatory policies by national governmental cyber authorities t- avoid data loss and enhance protection is a major factor driving the growth of the identity and access management solution industry.

Identity and Access Management Market: Segments

Cloud deployment t- grow with the highest CAGR of 15.9% during 2020-30

Identity and Access Management Market is segmented by deployment int- cloud and on-premise. On-premise solutions based on deployments, led the market in 2019, accounting for over 52.7 % of market share. Large organizations benefit from cost savings associated with automated user provisioning, as well as enhanced audit capabilities and compliance with their entire portfoli- of Software as a Service (SaaS), WebEx, Google Apps and Box.net. Whereas, the cloud segment is projected t- record enormous growth over the forecast period. Due t- its cost-effectiveness and economies of scale, rising cloud model adoption by different organizations is one of the primary factors contributing t- segment growth.

Identity and Access Management Market: Market Dynamics

Drivers

Substantial growth in data breaches, identity theft and hacking incidents

Identity and access management market growth is attributed t- the rising risks of data exposure, data loss, data leakage, insider attacks, and unsafe use. These cyber-attacks are motivated by the rapid introduction of emerging technology such as cloud-based applications, the Internet of Things (IoT), and Bring Your Own Devices (BYOD) by organizations.

Restrain

Lack of standards and budgetary limitations in the implementation of IAM solutions

The growing environment of cyber threats is one of the biggest challenges for businesses across market verticals. The growth of the IAM industry is limited by the lack of identity requirements and insufficient budgetary resources, combined with the high cost of installing IAM solutions. The initial investment and maintenance costs for using IAM systems are considerable because of the need t- implement robust security technologies.

Identity and Access Management Market: Key Players

• SailPoint Technologies Holdings, Inc.

• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Centrify Corporation

• Dell Inc.

• IBM Corporation

• Microsoft Corporation

• ForgeRock

• CA Technologies

• Crossmatch

• Gemalto

• IWelcome

• Okta, Inc.

• Oracle

• Ping Identity

• Symantec Corporation

Identity and Access Management Market: Regions

Identity and Access Management Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.

Identity and Access Management Market in North America held the largest market share of 38.2% in the year 2018 and it is expected t- continue its market dominance in the future as favorable regulatory scenari- is the primary factor stimulating regional growth. Several U.S. federal agencies, such as hardware-based personal identity identification cards, have incorporated stringent authentication requirements for their employees for accessing government IT infrastructure and networks. Asia Pacific (APAC) has seen advanced and dynamic adoption of new technologies and is expected t- record the highest CAGR in the worldwide IAM industry during the forecast period. APAC's major economies, such as China, Japan, Australia and India, are expected t- experience strong IAM business growth rates. Industries such as financial institutions, the public sector, healthcare, retail, education, telecommunications, manufacturing, energy and utilities, transport and logistics, hospitality, media and entertainment are expected t- introduce the highest level of IAM solutions in the region.

Identity and Access Management Market report als- contains analysis on:

Identity and Access Management Market Segments:

By Component:

• Solutions

- Data Directory

- Storage

- Synchronization/Meta directories

- Virtualization/Virtual directories

- Identity Lifecycle Management

- Provisioning

- De-provisioning

- Authentication

- Single Factor Authentication

- 2-Factor Authentication

- Multi-Factor Authentication

- Verification

- Password Management

- Self-service Password Reset (SSPR)

- Password Reset

- Password Synchronization

- Access Management, and authorization

- Audit, Compliance, and Governance

• Services

- Integration and Deployment

- Support and Maintenance

- Consulting

By Deployment Type:

• On-premises

• Cloud

By Organization Size:

• Large Enterprises

• Small and Medium-sized Enterprises (SMEs)

By Vertical:

• BFSI

• IT & Telecom

• Public Sector and Utilities

• Healthcare

• Education

• Manufacturing

• Retail

• Others

• Identity and Access Management Market Dynamics

• Identity and Access Management Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Identity and Access Management Market

• Which segment is anticipated t- hold the largest market share?

• At what CAGR is the market anticipated t- grow between 2020 and 2030?

• Wh- are the key players in the Identity and Access Management Market?

• What could be the challenging factors in the growth of Identity and Access Management Market?

• What are the growth drivers for the Identity and Access Management Market?