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The global Identity and Access Management Size is expected to attain a market size of $16.4 billion by 2022, growing at a CAGR of 14.2% during the forecast period.
Organizations have found the need to allocate access to applications and information distributed across internal and external application systems. The allocated access has to be leveraged to multiple levels of identities, existing both inside and outside the organization. The challenge is to allocate access without compromising on any level and at the same time ensure security of the applications and other critical data. Enterprises are highly inclined to enforce multiple channel user access such as social, cloud and mobile and at the same time cater to internal needs such as compliance & audit reporting, role management and integration of various user bases.
Emergence of cloud-based identity and access management solutions has contributed largely to the growth of the market. Stringent policies by government cyber authorities to protect data are another major factor driving the growth of identity and access management solution market. The demand is further enhanced due to growing cyber-attacks on organizations to gain access to confidential data. On the other hand, Complex integration process and compatibility issues would hinder the growth of the identity and access management market. The report highlights the adoption of Identity and Access Management globally.
Based on the component type, the Identity and Access Management market is segmented into Provisioning, Directory Services, Single Sign-On, Advanced Authentication, Password Management and Audit, Compliance, & Governance. Directory Services is further segmented into Storage, Meta Directories and Virtual Directories. Single Sign- on is segmented into Enterprise and Web & Federated. Password Management is further segmented into Self Service Password Reset and Password Management for Privileged Users. The market is segmented into Small & Medium Enterprises and Large Enterprises bases upon the Organization Size.
Based on Deployment Type, the market is segmented into cloud and On-Premise. The Verticals highlighted in this report include IT & Telecom, BFSI, Government Utilities, Healthcare, Energy, Manufacturing and Others. Based on region, Identity & Access Management market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Identity & Access Management market in 2015. Asia-Pacific would witness high CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Identity & Access Management market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Oracle Corporation, Computer Science Corporation, CA, Inc., Okta, Inc., NetIQ Corporation and Sailpoint Technologies, Inc.