Identity and Access Management Market Growth Factors,Trends and Competitive Market Share
The identity and access management market is
mainly driven by the declining number of services required for operation of an
IAM development (via- cloud IAM). This is due to the fact that it is very
difficult for small and medium sized enterprises to afford conventional cost
structure. The small and medium sized enterprises across the globe are expected
to invest in identity and access management projects in the near future owing
to low lucrative pricing offers such as usage based pricing and monthly
subscription provided by IAM service providers. The other drivers for global
identity and access management market are compliance with corporate performance
standards, and rising cloud and software as a service (SaaS) adoption. Identity
and access management (IAM) is used to realize the business benefits in terms
of management control, operational efficiency, cost savings, and business
development for e-Commerce.
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The global identity and access
management market can be segmented on the basis of components, organization
size, end-users and deployment size. On the basis of components, the global
identity and access management market can be divided into directory
technologies, password management, single sign on (SSO), advanced
authentication, governance, audit, and compliance. Based upon organization
size, the market can be segmented into medium sized businesses, small
businesses, and enterprises. Based on end-users the market can be categorized
into banking, financial services and insurance (BFSI), public sector and
utilities, telecommunication and IT, energy, manufacturing, oil and gas,
healthcare, education, retail, and wholesale distribution. On the basis of
deployment size, the identity and access management market can be segmented
into on-premises, cloud, and hybrid deployment.
Identity and access management
resolutions helps enterprises to manage security across several systems by
allowing employees access with a single sign-on password. Identity and access
management solutions are able to avoid falsified activities, thereby avoiding
data abuse. Hence, identity and access management solutions are being widely
implemented by large and medium-scale enterprises as well as government
divisions.
However, the need to connect
and manage complex structure of joined digital identities which include compatibility,
integration, and interoperability of data is one of the major challenges obstructing
the growth of the global identity and access management market.
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The identity and access
management market has also witnessed certain acquisitions in the recent years.
For instance, in 2015, International Business Machines Corp (IBM), has made
strategic acquisitions including Lighthouse Security Group and CrossIdeas to
strengthen the IBM identity and access management (IAM) portfolio. The major
competitors in the global identity and access management market include
International Business Machines Corp., CA, Dell, Symantec Corporation, Oracle
Corp, EMC Corporation, Amazon Web Services, Inc., Atos SE. Some of the other
competitors in the global identity and access management market are, OneLogin,
Inc, GitHub, Inc., Micro Focus, Omada Health Inc, Aujas Networks Pvt.
Ltd., Courion Corporation, Covisint Corporation., and Avatier.
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