This report analyzes the global identity and access management (IAM) market in terms of deployment, end-use application, and geography. Based on deployment method, the global identity and access management market is segregated into on-premise, on-demand or cloud-based, and hybrid solutions. Similarly, on the basis of end-use application, the market for identity and access management is further classified into telecom and IT, government and public sector, Banking, Financial Services, and Insurance (BFSI), healthcare, retail, energy and oil & gas, and others (education, manufacturing, etc). The geographical distribution of the global identity and access management market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Overview:
Growing demand for cloud-based and hybrid solutions is identified as the major factor driving identity and access management market. In addition, growing need to curb security breaches at minimal cost is expected to fuel adoption of identity and management solution across firms of all sizes in telecommunication, IT, BFSI, public, and retail sectors. These factors are expected to contribute towards a double digit compounded annual growth rate (CAGR) during the forecast period 2015 – 2023.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Identity and Access Management Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the identity and access management market.
1.1.1 Target Audience
1.1.2 USP and Key Offerings
The report titled “Global Identity and Access Management Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” offers strategic insights into the global identity and access management market along with the market size and estimates for the duration 2015 to 2023. The said research study covers in-depth analysis of multiple market segments based on deployment, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global identity and access management market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.
Banking, Financial Services and Insurance (BFSI) was the largest revenue contributing end-use segment in the global identity and access management (IAM) market in 2014. The trend shall prolong over the forecast period with the segment retaining its leading position by 2023. Firms engaged in providing BFSI services are increasingly deploying cyber security solutions to monitor, control, identify, and defy cyber threats for ensuring the confidentiality of the information. The prevailing trend of ensuring remote access to information, especially in IT industry has obligated the use of web security solutions to guard off-premise information and client devices. Furthermore, swift adoption of virtualization among small and medium sized businesses is encouraging these businesses to deploy web security solutions targeting virtual environments. This, in turn has had positive impact on demand for identity and access management solutions. Other end-use verticals including healthcare, retail, energy, an oil and gas are also expected to contribute towards the market growth during the forecast period.
In the base year of 2014, on-premise identity and access management solutions outnumbered on-demand/cloud-based identity and access management solutions. The segment accounted for over half of the global market revenue in the same year. On-premise identity and access management solutions make use of existing conventional in-house data centers that manage software updates and security patches completely. However, these solutions are incapable of detecting security breaches that arise due to unauthorized physical access. On-premise solutions are expected to exhibit modest growth over the forecast period between 2015 and 2023. On the contrary, on-demand identity and access management solutions are presumed to witness perpetually growing adoption since these solutions require less capital expense and help enterprises to curb operational and maintenance cost. Additionally, cloud-based identity and access management solutions offer flexibility in continuing or discontinuing the service at will, thereby allowing organizations to adjust to the vibrant corporate environment. Like cloud-based solutions, hybrid identity access and management solutions are also expected to witness growing demand during the forecast period 2015 – 2023.
In the base year of 2014, North America (comprising U.S. and Canada) was the largest identity and access management market worldwide followed by Europe and Asia Pacific. The region accounted for over one third of the global market revenue in the same year. The growth in North America and Europe is majorly governed by favorable regulations supporting deployment of identity and access management solutions across SMEs and large enterprises. The U.S. represents the largest individual identity and access management market worldwide. The U.S. government has issued over 350 regulatory policies supporting cyber security, which is expected to propel demand for identity and access management solutions in the country. On the other hand, Asia Pacific is expected to witness healthy growth on account of improving IT infrastructure and consequent demand for web security solutions.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Identity And Access Management (IAM) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
End-use application
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Deployment
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
