Identity And Access Management Market Is Forecast To Reach $24.55 Billion By 2022: Grand View Research, Inc.

                   

Continuous innovation in technologies have led to developers building solutions such as secure print authentication and access to electric vehicle (EV) charging access. The market can experience an uptick in demand owing to application in sectors such as healthcare, education, manufacturing, etc. Cloud and hybrid solutions are expected to have an impact in the market owing to negligible error rate and advanced security features. Wide availability of IAM options and demand for solutions to preserve and protect data of individuals can lead to its implementation by large-scale enterprises.

• Cloud-based identity and access management market is expected to witness robust demand by 2022, growing at a CAGR of over 18% from 2015 to 2022. Cloud is changing the way a business operates, driven by economies of scale and cost-effectiveness. Cloud is expected to redefine the traditional IT security landscape and gain a maximum share of on-premise solutions by blending cloud technology in the IAM landscape.  Rising demand for cloud-SSO is also a key factor supporting expansive adoption among enterprises.
• Public sector and utility sector accounted for over 25% of the revenue in 2014 and is anticipated to exhibit significant growth over the next seven years. Notable trends such as economic growth, industrial transformation, and demographic changes need to be mastered by matching infrastructure and effective administration, thus driving demand.
• North Americaidentity and access management market dominated demand in 2014, and is expected to account for over 34% of the overall share by 2022.Many federal agencies across the U.S. require employees to use a hardware-based personal identification verification card or an alternative form of strong authentication while accessing government IT infrastructure and networks. Various federal government agencies such as department of the interior, transportation and veteran affairs are implementing strong authentication measures which are estimated to drive demand across this region.
• Identity and access management market share is occupied by companies such as IBM, NetIQ Corporation, Oracle, CA Technologies and HID Global Corporation. Companies operating across cloud platforms are offering complete on-demand development tools and environment such as cloud database and cloud infrastructure layer which is enabling enterprise IT groups to test, develop and deliver customer on-demand business applications without investing in traditional system infrastructure or software.

• Cloud
• Hybrid
• On-Premise

• BFSI
• Energy, Oil & Gas
• Telecom & IT
• Education
• Healthcare
• Public Sector & Utilities
• Manufacturing
• Others