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Identity and Access Management (IAM) Market worth $ 18.30 Billion by 2019
2024-04-09 10:13:28
Technology
541
Early buyers will receive 10% customization on reports.
MarketsandMarkets has broadly segmented the Identity and access management (IAM) market by deployment type: On-premises, cloud, hybrid; by type of Components: Provisioning, Directory technologies, Single sign on (SSO), Advanced authentication, password management, Audit, compliance and governance; by organization size: Small businesses, Medium sized businesses, Enterprises; by end users/verticals: Banking and Finance Services Insurance (BFSI), telecommunication and IT, Public sector and utilities, Energy, oil and gas, Manufacturing, Education, healthcare, Retail and wholesale distribution and other sectors; by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).
Major force driving this market will be lowering proportion of services required for implementation of an IAM project (via- cloud IAM) as it was too heavy for Small and mid-sized enterprises (SME?s) to afford traditional cost structure. The SME?s across the globe will start investing in IAM projects in coming years as traditional cost structure is slowly getting replaced by attractive pricing offers such as monthly subscription, usage based pricing etc.
Also the need to connect and manage complex structure of federated digital identities which includes integration, interoperability and compatibility issues will always remain one among the key challenges for both Enterprises as well as existing IAM vendors.
The Identity and access management (IAM) market is estimated to grow from $9.16 billion in 2014 to $18.30 billion in 2019.This represents a compound annual growth rate (CAGR) of 14.85% from 2014 to 2019. In terms of geographies, North America is expected to be the biggest market in terms of revenue contribution, while emerging economies like Asia-Pacific (APAC) and Middle East and Africa (MEA) is expected to experience increased market traction with high CAGR?s, in the due course.
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