According to a new market report published by Credence Research, Inc. “Identity and Access Management (IAM) (Telecom and IT, Government and Public Sector, Banking, Financial Services, and Insurance (BFSI), Healthcare, Retail, Energy and Oil & Gas, and Others (Education, Manufacturing, etc)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global identity and access management market is poised to witness a double digit compound annual growth rate during the forecast period 2015 – 2022.
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Identity & Access Management (IAM) is the business discipline under IT security that allows right persons to access right resources at the right time and for right reasons. Identity & Access Management solutions ensure proper access to resources located across heterogeneous technology environments. With the expansion in breadth of capabilities, identity and access management solutions are expected to become a preferred security solution for firms of all sizes and across varied industries.
The global market for identity and access management solutions is technology driven and highly competitive across varied end-use verticals. Some of the leading and promising players identified in the global identity and access management market include Amazon Web Services, Inc. (the U.S.) CA Technologies (the U.S.), OneLogin (the U.S.), Centrify (the U.S.), Oracle Corporation (the U.S.), Net IQ (the U.S.), ForgeRock Inc (the U.S.), Dell Software (the U.S.), HID Global Corporation (the U.S.), EMC Corporation (the U.S.), Hewlett Packard Company (the U.S), and IBM Corporation (the U.S.). The global identity and acccess management market also includes number of niche players, which account for trivial market share individually. While most of the leading identity and access management solution vendors are based in the U.S., they are focusing on penetrating emerging markets such as China, India, and Brazil. Intensifying competition among identity vendors is expected to stir the identity and access management market in the coming years.
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- Stringent regulatory compliances supporting demand for identity and access management solutions
- Growing demand for cloud-based and SaaS (Software-as-a-Service)-based solutions
- Perpetually increasing demand from multiple verticals including healthcare, IT and telecom, BFSI, and retail.
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