Personal Identity Management (PIM) Market size was around USD 6.5 billion in 2015, and is expected to grow at 20% CAGR and reach about USD 34 billion by 2024. Growing concerns for digital data security of personal and professional significance is expected to be the key factor driving growth.
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Mobile devices such as smartphones, laptops, tablets, and wearable health devices have penetrated nearly every segment of the global industry. Increasing concern for protection of confidential data from unauthorized users in these mobile devices is expected to propel personal identity management market share. Repeated occurrences of data breaches and security attacks are likely to mandate PIM solutions in every device.
On the basis of application, the industry can be bifurcated into content management and access control. Access control segment is expected to dominate the personal identity management market size during the forecast timeline due to its ability to restrict unauthorized access to confidential information and reduce tampering of critical data. On the basis of end-use, the various segments include telecom & IT, banking, government, energy, manufacturing and healthcare.
Moreover, personality identity management market size is bifurcated into on-premises and cloud based on the deployment. Cloud based solutions are likely to dominate due major applications for secured access and control of individual data in the banking domain.
U.S. personal identity management market share is expected to dominate the industry owing to increasing presence of large companies and global financing organization in the region. Asia Pacific is projected to register highest CAGR during the forecast primarily due to steady development in countries such as China, India and South Korea. Europe is anticipated to grow consistently due to maturity in regulatory and technical infrastructure developments.
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Key participants include Citrix, Good Technology, IBM, MobileIron and VMware. Other prominent participants consist of Alfresco Software, CA technologies, Colligo Networks, SAP, Symantec Centrify, Fischer International and OneLogin. The global industry is fragmented due to the presence several large and small competitors. The competitive landscape is anticipated to witness several strategies for consolidation such as partnerships, mergers & acquisitions and solution upgrades during the forecast timeframe.
This latest Personal Identity Management Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Personal Identity Management Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Personal Identity Management Market Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2024” in detail along with the table of contents:
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Key Insights in this Report
- Personal Identity Management Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Personal Identity Management Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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