According to a new report, published by KBV research, The Global Identity And Access Management In Healthcare Market size is expected to reach $4.3 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.
The Software Solutions market dominated the Global Identity And Access Management In Healthcare Market by Component in 2023; thereby, achieving a market value of $2.7 billion by 2031. Software solutions offer comprehensive identity management capabilities that are crucial for healthcare organizations. These capabilities include user provisioning, authentication, authorization, and role-based access control (RBAC).
The Healthcare segment exhibits a CAGR of 17.5% during (2024 - 2031). The payer sector involves diverse users, including claims processors, customer service representatives, actuaries, and compliance officers. IAM solutions help manage these complex user roles by providing granular access controls and ensuring each user has appropriate access based on their role. This reduces the risk of unauthorized access and ensures users can perform their job functions efficiently.
The Cloud segment is leading the Global Identity And Access Management In Healthcare Market by Deployment in 2023; thereby, achieving a market value of $2.9 billion by 2031. Cloud-based IAM solutions offer a cost-effective alternative system by eliminating the need for extensive capital expenditures on hardware, software licenses, and IT infrastructure. Instead, healthcare organizations can benefit from a subscription-based pricing model, which reduces upfront costs and provides predictable, ongoing expenses.
The Single Sign On (SSO) segment is experiencing a CAGR of 16.9% during (2024 - 2031). Single Sign-On (SSO) allows users to access multiple applications and systems with a single set of credentials. SSO streamlines the login process in healthcare settings where staff must interact with various systems, such as electronic health records (EHRs), patient management systems, and billing software. This reduces the need to remember and enter multiple passwords, saving time and improving productivity.
Full Report: https://www.kbvresearch.com/identity-and-access-management-in-healthcare-market/
The North America region dominated the Global Identity And Access Management In Healthcare Market by Region in 2023; thereby, achieving a market value of $1.6 billion by 2031,. The Europe region is anticipated to grow at a CAGR of 16.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.1% during (2024 - 2031).
By Component
By End User
By Deployment
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