Global Identity & Access Management Market - Trends Analysis, Company Usability Profiles & Forecasts to 2024
360iResearch predicts the global identity & access management market to grow from USD 7,803.61 million in 2016 to USD 23,212.65 million by 2024, at a Compound Annual Growth Rate (CAGR) of 14.60%. The year 2016 has been considered as the base year, while the forecast period is up to 2024.
The major forces driving the growth of the identity & access management market include the effective and authorized access to critical resources and accountability and greater transparency with one identity solution. Moreover, enhanced security to authenticate identity and access is also one of the factors that is driving the market growth. However certain factors such as the increase in security concern due to cloud-based application and byod may hinder the market growth. In the middle of difficulty lies opportunity such as the strategic tool for improving corporate performance and information security, a centralized cloud-based iam system for productive provisioning, and a security specific tool that can identify vulnerabilities inside big data. The possible challenges for the market growth are increasingly distributed mobile workforce and applications, invisible complexity due to moving of system to the cloud, and third party security. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global identity & access management market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the global identity & access management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the identity & access management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Amazon Web Services, Inc., Microsoft Corporation, Bitium, Inc., CA Technology, Inc., Centrify Corporation, Cyber-Ark Software, Inc., SAP SE, International Business Machines Corporation (IBM), Okta, Inc., OneLogin, Inc., Oracle Corporation, RSA Security LLC, and Salesforce.com, Inc..
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of identity & access management market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the identity & access management market that will impact the demand during the forecast period. Moreover, the competitive analysis of identity & access management market brings an insight on the company usability profiles of the leading players. Additionally, the analysis highlights business overview, product offering, SWOT analysis of the key companies in the market.
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