Market Insights:
Identity And Access Management Market size was valued at USD 13.39 Billion in 2021, registering a CAGR of 14.8% during the forecast period (2022-2030), and the market is projected to be worth USD 46.37 Billion by 2030.
Because of escalating regulatory compliances and security concerns, the need for identity and access management systems is increasing. Furthermore, increased cloud use is one of the primary factors driving market development. IAM assists in meeting specific criteria associated with various regulations such as the Gramm-Leach-Bliley Act (GBLA), Sarbanes-Oxley Act (SOX), the Family Educational Rights and Privacy Act of 1974 (FERPA), the Payment Card Industry Data Security Standard (PCI), the Health Insurance Portability and Accountability Act (HIPAA), the General Data Protection Regulation (GDPR), and the North American Electric Reliability Corporation (NERC).
Identity And Access Management Market Research Report” was just released by Market Research Community. It is divided into several categories, including Component (Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management, Single Sign-On), Deployment (Cloud, Hybrid, On-Premise), End-Users (BFSI, Energy, Oil & Gas, Telecom & IT, Education, Healthcare, Public sector & utilities, Manufacturing, Others), and companies (Microsoft, IBM, Oracle, Broadcom, Salesforce, Ping Identity, Okta, HID Global, ForgeRock, CyberArk, RSA Security, Avatier, ManageEngine, SecureAuth, EmpowerID, SAP, Simeio, OneIdentity), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 14.8 %, over the forecast period of 2022–2030
Driver:
The increased adoption of Identity And Access Management in the Network Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Identity And Access Management also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Identity And Access Management in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 46.37 Billion |
| CAGR (2022-2030) | 14.8 % |
| By Component | Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management, Single Sign-On |
| By Deployment | Cloud, Hybrid, On-Premise |
| By End-Users | BFSI, Energy, Oil & Gas, Telecom & IT, Education, Healthcare, Public sector & utilities, Manufacturing, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Microsoft, IBM, Oracle, Broadcom, Salesforce, Ping Identity, Okta, HID Global, ForgeRock, CyberArk, RSA Security, Avatier, ManageEngine, SecureAuth, EmpowerID, SAP, Simeio, OneIdentity |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Identity And Access Management market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Microsoft, IBM, Oracle, Broadcom, Salesforce, Ping Identity, Okta, HID Global, ForgeRock, CyberArk, RSA Security, Avatier, ManageEngine, SecureAuth, EmpowerID, SAP, Simeio, OneIdentity
Market Segment Analysis:
By Component
- Provisioning
- Password Management
- Single Sign-On
- Audit, Compliance & Governance
- Directory Service
- Multifactor Authentication
By End-Users
- Education
- Healthcare
- Public sector & utilities
- Manufacturing
- BFSI
- Energy, Oil & Gas
- Telecom & IT
- Others
By Deployment
- Cloud
- Hybrid
- On-Premise
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Identity And Access Management industries in the region.
Key Identity And Access Management Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Identity And Access Management Market segments.
– Largest Market Share Held by Industry to Industry for Identity And Access Management
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Identity And Access Management Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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