Cloud And Software Is Fastest Growing Segment Fueling The Growth Of Identity And Access Management Market
 |
| Identity And Access Management Market |
The global Identity And Access Management Market is estimated to be valued at US$ 15.7 Bn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Identity and access management products provide security by verifying and
authenticating users based on credentials before granting access to systems and
applications. They help organizations securely manage digital identities and
control access to critical IT assets, networks, systems, and data.
Market key trends:
One of the key trends driving the growth in identity and access management
market is the increasing adoption of cloud-based identity and access management
services. Cloud deployment offers various advantages such as
cost-effectiveness, scalability, and flexibility. With a growing number of
companies adopting cloud-based applications and services, demand for cloud IAM
is expected to increase during the forecast period.
Segment
Analysis
The global identity and access management market is dominated by the cloud
segment owing to the high adoption of cloud-based IAM solutions. The cloud
segment accommodates a wide variety of solutions and services to cater to
diverse identity and access management needs of enterprises in a cost-effective
manner. Emergence of cloud computing and need for flexible yet robust IAM have
boosted the adoption of cloud-based IAM across organizations of all sizes.
Key Takeaways
The global Identity
And Access Management Market Size is expected to witness high growth,
exhibiting 15% CAGR over the
forecast period, due to increasing demand for advanced identity solutions to
address constantly evolving threats and meet stringent compliance requirements.
Regional analysis
North America dominates the global identity and access management market owing
to stringent regulatory policies and early adoption of advanced technologies.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
with increasing digital transformation initiatives across verticals in the
region.
Key players operating in the identity and access management market are
Microsoft (US), Okta (US), IBM (US), Oracle (US), Salesforce (US), Ping
Identity (US), HID Global (US), ForgeRock (US), CyberArk (US), Micro Focus
(US), Thales (France), RSA Security (US), Avatier (US), ManageEngine (US),
SecureAuth (US), EmpowerID (US), SAP (Germany), Simeio (Georgia), One Identity
(US), FusionAuth (US), Auth0 (US), IDnow (Germany), Zephr (UK), Signzy (US),
Civic (US), Trusona (US), Beyond Identity (US), Akamai (US), Delinea (US),
Optimal IdM (US), Netwrix (US), Zoho Vault (US), Transmit Security (US).
Comments
Post a Comment