Risk Management Solution Can Effectively Put Global Identity Access Management System Market Ahead

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Identity Access Management System Market Research Report

Overview:

Bettering consumer experience and business workflow are now of utmost priority. Identity access management (IAM) system is one such program that by storing personal information gives access to individuals by that record. On the other hand, cases involving consumers can be bettered by providing a customized solution for individuals based on their previous experiences. The growth of identity access management system is on a fast-track. The global identity access management system market can expect an astounding 16% CAGR to reach a valuation of USD 24 billion during the forecast period (2016-2022). Market Research Future (MRFR), while analyzing the identity access management system market patterns, included drivers that can prove beneficial and an in-depth analysis of segments and the report aims at providing a reliable growth prediction. The high rate of adoption by the large enterprises, research & development related investments, increasing automation penetration across sectors and high demand for security services are ensuring safe passage towards growth for the identity access management system market.

On the flip side, scarcity of skilled labors, along with high implementational cost could prove to be a market deterrent. This could hold up the smooth flow during the forecast period which the identity access management system is enjoying for so long.

Industry Trend:

ILANTUS Technologies announced the launch of their line of services in July 2018. It has been named Smart Identity which includes four methods, cloud identity, niche identity, compact identity, and hybrid identity.

Digital ID can emerge as the latest trend with blockchain coming into the scene. Decentralized blockchain principle, coupled with a comprehensive system for verifying identity can create a digital ID which can act like a watermark for the user.

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Segmentation:

The global identity access management system market can be segmented by deployment, organization, and verticals.

Deployment-wise, the IAM system market can be segmented into on-cloud and on-premise. On-cloud can further be segmented into public, private, and hybrid.

Based on organization size, the IAM system market can be segmented into small & medium enterprises and large enterprises. 

Vertical-wise, the IAM system market can be segmented into banking, financial services and insurance (BFSI), manufacturing, IT & Telecommunication, government, healthcare, and others.

Regional Analysis

Geographic analysis of the identity access management system market covers countries namely North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).

North America has the largest market share in the IAM systems market. The region gets amply boosted by technological advancement and superior infrastructure. Furthermore, several global players are based out of this region which assists in gaining considerable market profits. Europe has the second largest market owing to similar reasons, and both regions experience a massive investment in research and development. In the U.K. BFSI sector is snowballing which is also giving the regional market much-needed thrust. The APAC, with the presence of emerging economies such as India and China, can record the fastest growth rate during the forecast period. Presence of semiconductor and manufacturing industry in China, South Korea, and Taiwan can boost the market significantly.

Market Landscape:

The IAM systems market has several international players vying for the market control. This has boosted strategic implementations such as new launches, mergers, acquisitions, and others. For instance, Broadcom is planning to acquire CA Technologies and Amazon’s acquiring spree which includes companies such as Elemental Technologies, Thinkbox Software, Do.com and others can push the market further towards prosperity.

The prominent players in the identity & access management market are F5 Networks (U.S.), Amazon Web Services (U.S.), HP (U.S.), IBM (U.S.), Microsoft Inc. (U.S.), Oracle Corporation (U.S.), Siemens AG (Germany), Dell Inc. (U.S.), CA Technologies (U.S.), ForgeRock Inc. (U.S.), and others.