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The global personal identity management market size is expected to reach a value of $3,378.3 Million by 2022, rising at a growth rate of 21.5% CAGR during the forecast period.
Personal Identity Management (PIM) is the set of rules, standards and algorithms used by individuals and organizations to control the share and use confidential information with other individuals and organizations. As digital footmarks of people are found across various media and channels, the companies with the capabilities to take advantage of the same are able to leverage this data to optimize their marketing strategies or use the footmarks to verify and monitor applications. This is in a way invading the privacy of people and violating the fundamental rights of individuals. Such threat to privacy has given rise to the need for security solutions that allows users to manage digital footprints in different social media platforms.
Personal identity management allows people to create policies that would give guidelines to organizations on the kind of data that can be stored. PIM acts as a shield when third party users try to gain access to private data and information without user consent. This step up of security allows better management of identities. The report highlights the adoption of Personal Identity Management.
Based on the component type, the Personal Identity Management market is segmented into Application and Services. Based on the Application type, the market is segmented Access Control and Content Management. Based on service Type, the market is segmented into Professional, and Managed Services. Professional Services are further sub divided into Consulting, Integration & Deployment Services and Support & Maintenance. The market is segmented into On-premise and cloud based bases upon the deployment type. On the basis of Data Type, the market is segmented into Behavioral, Individual, Derived and Self-Identified. The verticals highlighted in this report include Government, Banking, Financial Services, & Insurance, Telecommunication & IT, Healthcare, Energy & Utilities, Retail, Manufacturing, Education and Others.
Based on region, Personal Identity 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 Personal Identity Management market in 2015. LAMEA would witness highest CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Personal Identity Management market. Key companies profiled in the report include Microsoft Corporation, Google Inc. Nuance Communications, Inc., Gemalto NV, IBM Corporation, HP Enterprise Company and Dell Inc.