Market Highlights:
IAM or Identity Management System can be explained as a system framework which facilitates the management of the organization of electronic identities. Today, IAM can be used for various purposes including initiating, capturing, recording and management of the user identities. Increasing automation in the industry and high dependency on the technology for the business process is forcing the IT companies for making continuous investment to develop new products.
The global IAM market is growing rapidly. High adoption rate by the large enterprises with the increasing need of this system is helping the market to grow. Other factors such as high investment in R&D, new product development, high demand for the security services and growing market of automation in today’s technological environment are some of the key factors for the market growth whereas cost and shortage of skilled professional in the industry are some of the major restraint of the market.
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Major Key Players
IBM Corporation (U.S.),
Microsoft Corporation (U.S.),
Hitachi, Ltd. (Japan),
EMC Corporation (U.S.),
Intel Security Group (U.S.),
Siemens AG (Germany),
Oracle Corporation (U.S.),
ARCON Tech Solutions (India),
Cloud Security Alliance (U.S.)
CA Technologies (U.S.)
The Global IAM market is expected to grow at USD ~24 billion by the end of year 2022 with the ~16% of compound annual growth rate.
Regional Analysis
The regional analysis of IOT- Identity Access Management Market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the IOT- identity access management market owing to rapid adoption of cloud applications and mobile applications in the region. In the North American region, many federal government organizations are emphasizing on use of personal identification card for accessing government IT infrastructure which is also fueling the IoT-identity access management market in the region. Europe is projected to grow owing to the establishment of policies by government cyber authorities to protect confidential data. The Asia Pacific region is expected to grow owing to increasing adoption of cloud based services by small and large organizations in developing countries like China and India.
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Intended Audience
- Cyber security providers
- System integrators
- Government organizations
- Resellers
- Security service providers
- Consultancy firms
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