- Opportunity and Forecast, 2016-2025
Identity and access management (IAM) system facilitates access of information and resources to right individuals. It ensures protection of data from unauthorized access with intricate technology environment and rigorous compliance requirements. It includes management and identification of data along with providing authorization to access or perform specified functions. Users, hardware, network resources, and applications are managed with the help of IAM. In addition, it lowers the risk of identity theft and maintains privacy of users. Moreover, it assists to reduce time frame for access requests.
The growth of global IAM market is driven by increase in demand for better network capabilities, cloud-native architecture, and adoption of bring-your-own-device (BYOD). However, varying password requirements that have different expiry dates restrains the market growth. Growth in adoption by government agencies, large-scale, & medium-scale organizations; and rise in usage of cloud services & mobile apps create new opportunities in the market.
The global IAM market is segmented on the basis of end use, deployment, and geography. Based on end use, the market is classified into BFSI, healthcare, education, oil & gas, energy, and telecom & IT. By deployment, it categorized into cloud, hybrid, and on-premise. Geographically, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.
Key market players operating in the industry are CA Technologies, OneLogin, Amazon Web Services, Centrify, Oracle, Dell Software, Net IQ, ForgeRock Inc., HID Global Corporation, IBM, HP, and others. These players have adopted strategies such as collaborations, expansion, joint ventures, merger & acquisition, partnerships, and others to strengthen their market position and gain a competitive edge in the industry.
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