Identity and Access Management Market forecast to grow at 15% CAGR from 2015 to 2022

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Global Identity and Access Management Market
share worth 26.74bn by 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Identity and Access Management
Market

• Identity and access management market share is
  poised to witness a double-digit growth (15
  CAGR) over the coming five years, driven by the
  increasing demand for establishing secure access
  control infrastructure worldwide. Enterprises,
  both the government and privately owned, are
  adopting IAM technology vigorously, owing to the
  rising security needs pertaining to the
  information access by the right individual, at
  the right time and the right place. Moreover,
  adoption of this technology by various large and
  medium scale organizations to enhance their
  operating efficiency and performance will further
  influence the IAM industry share
• Strict regulations about secure access control
  for industries such as healthcare,
  pharmaceutical, financial services, energy, etc.
  will impact identity and access management
  industry size noticeably. Growing demand for
  native cloud application and superior network
  capabilities will be some of the major
  attributing factors for the identity and access
  management market growth.

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Continued

• Education, energy, telecom IT, BFSI,
  healthcare, oil gas, manufacturing, public
  sector utilities are some key end-users of the
  identity and access management industry. Banking,
  financial services, and insurance (BFSI) sector
  will positively influence IAM market size, owing
  to the growing need to protect consumer and
  institutional assets. Furthermore, education and
  healthcare sector are projected to contribute
  significantly towards the market growth over the
  coming five years.
• Cloud identity and access management market will
  witness an annual growth rate of 20 over the
  coming period of 2015-2022, which is driven by
  the various benefits offered by cloud-based IAM
  such as low cost, improved productivity,
  simplified management, and no hardware software
  deployment. Additionally, cloud technology
  detects security breaches of unauthorized
  physical access immediately, which will
  facilitate its usage across various key
  industries.
• Taking into consideration the global outlook,
  Asia pacific identity and access management
  market size will yield high surge by surpassing a
  revenue of USD 6 billion by 2022. Rising cyber
  threats towards critical infrastructure and
  growing deployment of IAM across various public
  and private firms will influence the regional
  growth.

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UK identity and access management market share by
deployment, 2012 2022 (USD Million)

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Continued.

• North America IAM industry share contributed
  towards 35 of worldwide revenue in 2014 and is
  predicted to grow substantially over the period
  of 2015 to 2022. U.S. is projected to be the
  major revenue pocket for North America.
• Industry participants will invest heavily in RD
  to integrate new and innovative technologies in
  their existing product portfolio. Mergers
  Acquisitions and strategic alliances will be few
  of the major growth strategies adopted by the
  players to enhance their market value over the
  coming five years. Key industry players includes
  CA Technologies, Dell EMC Corporation, Amazon Web
  Services, Inc., Oracle, OneLogin, NetIQ, HID
  Global, IBM, Centrify, and HP.

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