Identity and Access Management Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Identity and Access Management Market: Overview
Identity and access management is a security discipline and also a framework that supports and includes the technology required to manage electronic identities. In today’s multi-perimeter environments, it has become imperative for businesses to monitor and protect user access for curbing risks and fortifying compliance. Identity and access management solutions can be employed to safeguard social, cloud, and mobile access, determine silos and clarify cloud integrations, avoid advanced insider threats, and execute actionable identity intelligence.
Global Identity and Access Management Market: Key Trends
In a scope of varied sectors, the world identity and access management market is anticipated to seize the growth opportunity arising from the mushrooming trend of mobility and strong accentuation of compliance management. During the forecast period, vendors in the world market could be relying on another trend, i.e. bring your own device (BYOD), which is well-poised to fuel the employment of mobile applications. Moreover, employees today are permitted to use their own devices from various locations for company work. This has exposed companies to a number of cyber threats and also as a result of distributed IT environments and changing scenarios. Identity and access management can be effectively implemented to take total control of such circumstances.
At a minimal degree, the global identity and access management market could be affected due to lack of awareness about the solutions and concerns regarding the security of consumer data. However, businesses can overcome this impediment by educating their consumers about information security and engaging with them on a constant basis.
Global Identity and Access Management Market: Market Potential
Garancy IAM Suite, a recently released offering of Beta Systems Software AG, is prognosticated to gain recognition for providing enhanced collaboration betwixt individual components with a significantly expanded radius of functionality. With innovations in functionality, the suite is able to reflect requirement extensions and perpetual changes in all spheres of an organization. It is known for increasing security and offering flexibility in IT compliance and for end users. A new Universal Connect framework has been implemented as part of the latest version to connect proprietary applications more flexibly and faster.
Global Identity and Access Management Market: Regional Outlook
Nations in the Asia Pacific region are investing their time and capital in offering support and funding to local initiatives holding a relation with the digital realm. The upshot is expected to be in the form of a growth that the regional identity and access management market could be proud of. Researchers even predict this growth to run at a lofty CAGR during the course of the forecast period. The other regional markets projected to attract eyeballs could be Europe, North America, Latin America, and the Middle East and Africa.
The top regions of the identity and access management market are envisioned to take advantage of a leading share by the audit, compliance, and governance component and the strong growth of advanced authentication. Advanced authentication, in particular, is envisaged to gain focus as most organizations become cautious about data breaches and sensitive information theft.
Global Identity and Access Management Market: Competitive Landscape
Acquisition is foretold to be a major business strategy adopted by a number of players in the international identity and access management market. IBM, for instance, had acquired Lighthouse Security Group LLC to fortify its identity management software and services by offering a full suite to consumers. Some of the other prominent companies in the market are NetIQ Corporation, Dell EMC, Microsoft Corporation, CA Technologies, Oracle Corporation, Hitachi ID Systems, Inc., and Okta, Inc.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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