Overview:
Identity and Access Management Market is thriving on better inclusion of digital methods. The system of identity and access management can be defined as a framework of policies and technologies that ensures proper acceptance of various technologies and resources to the suitable person. This comes under the domain of IT security. The system is not just known for its ability to identify, authorize, and authenticate individuals who have the access to utilize various IT resources but also ensures safe passage to employees who require access to hardware and applications.
Identity management (IdM) can also be termed as a system that can control information about users on computers. These information can authenticate the identity of a user. The system is also known for its ability to deliver information regarding who can get access to various operational zones. It can also work with someone’s digital identity, which would substantiate the online presence of an entity that would utilize the personal identifying information (PII) and other ancillary information.
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The global Identity and Access Management market is fast gaining traction across diverse fields owing to various countries imposing stringent regulations to make the workflow relatively safer. Various regulatory controls have been imposed by diverse countries. However, the threat of hacking still looms large on the global identity and access management market as it can also reveal personal information regarding anyone and compromise the security of any organization. But various companies are encouraging enormous investment in the research and development sector to make the market for safe with latest innovations. In fact, the global identity and access management market is witness upscaling of interest from various governments, which can bolster the regional growth.
Key Players:
IBM Corporation (U.S.)
Oracle Corporation (U.S.)
CA Technologies (U.S.)
Microsoft Corporation (U.S.)
Dell EMC (U.S.)
NetIQ Corporation (U.S.)
Okta, Inc. (U.S.)
Hitachi ID Systems, Inc. (U.S.)
SailPoint Technologies (U.S.)
Amazon Web Services, Inc.(US)
Segmentation:
The global market for identity and access management market report is enriched with an extensive segmentation that includes component, deployment, and end user as the foundation for a better analysis. This report further encourages better understanding of the global market by revealing details regarding factors that can provide thrust to the market for identity and access management in the coming years.
By component, the market report on the identity and access management can be segmented into Provisioning, Single Sign-on, Advanced Authentication, Audit Compliance and Governance, Directory Services, and Password Management.
By deployment, the market report on the identity and access management market includes on-premise and on-cloud.
By end user, the report covers Banking & Financial Sector, Healthcare Sector, Manufacturing Sector, Telecommunication & IT Sector, Media & Entertainment Sector, Education Sector, and others.
Regional Analysis:
North America is witnessing a strong surge in the incorporation of the identity and access management, which would consequently trigger the growth of the identity and access management market. This is possible due to the increasing capacity for investment, structural benefits, high investment capacity of various enterprises who can ensure better intake of the system. Europe would score in the similar lines as feature-wise these two regions are quite similar.
Industry News:
In October 2019, Ping Identity announced that they are launching a new tool for identity and access management market, PingCentral that would streamline various work processes and would improve the productivity of organizations.
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