Industry Outlook and Trend Analysis
The Identity and Access Management (IAM) Market was worth USD 6.26 billion in 2014 and is expected to reach approximately USD 18.48 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.78% during the forecast period. Upsurge in electronic applications, risk management, for example, policy-based consistence and audit management joined with cost control are the key variables driving IAM demand. Expanded spending by vast scale ventures and government associations alongside stringent administrative compliances are foreseen to drive industry development. Also, developing popularity of connected devices, Bring Your Own Devices (BYOD) and Internet of Things (IoT) are anticipated to positively affect the market.
Deployment Outlook and Trend Analysis
The business can be segmented by deployment into cloud, hybrid and on-premise IAM. Identity administration functions are being delivered in enterprise silos, prompting clients with excessive access, inefficient process, and higher expenses of provisioning and de-provisioning. The On-premise IAM solutions ruled the market in 2016, representing more than 55.5% of the general income, trailed by hybrid model which contributed 30.7% to the general income in 2016.
End User Outlook and Trend Analysis
Based on end-use, the market is divided into oil and gas, BFSI, telecom & IT, healthcare, public sector and utilities, education, energy, and manufacturing. Other end-uses incorporate logistics, defence and home safety & security. Public sector and utilities ruled the market in 2016, representing 25.0% of the general income, whereas BFSI contributed 12.7% to the general income in 2016.
Regional Outlook and Trend Analysis
North America drove the market as far as income in 2016, representing 37.7% of the general market in 2014. North America and Europe identity and access management market are foreseen to contribute extensively to the worldwide offer inferable from favourable regulatory scenario. The U.S. government has issued 400 regulatory approaches associated with cyber security, which is foreseen to drive development over the locale.
The leading players in the market are Centrify, Amazon Web Services Inc, Hewlett-Packard, ForgeRock, HID Global, Oracle India Private Limited, Dell Software, OneLogin, NetIQ, Dell EMC and CA Technologies. Numerous contenders leading the market are challenged to give inventive solutions, which enable shoppers to address advancements, business practices, and security needs.
The Identity and Access Management (IAM) Market is segmented as follows-
By End User:
Energy, Oil & Gas
Public Sector & Utilities
Telecom & IT
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?