Zion Market Research has published a new report titled “Identity and Access Management Market by Component (Provisioning, Single Sign-On, Advanced Authentication, Audit, Compliance & Governance, Directory Services, Password Management) by Deployment Type (On-Premise, Cloud) for Banking, Financial Services, Healthcare Sector, Manufacturing Sector, Telecommunication & IT Sector, Education Sector and Other Industry Verticals. Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022″. According to the report, the global identity and access management market was valued USD 7.85 billion in 2016 and is expected to reach around USD 15.92 billion by 2022, at a CAGR of 12.50% for the forecast period from 2017 to 2022.

Identity and access management manage the user’s authentication, authorization and rights to access the system or premises within the organization or across the organization. These solutions are deployed to maintain high security and to minimize downtime, redundancy in various tasks and the cost involved in access management. The modern IT environment is highly complex as large numbers of users access on-premise and cloud applications making the authentication process difficult. Identity and access management has recently emerged as a critical base for the business which has many benefits in terms of cost savings, management control, efficiency, productivity, and business growth. The market for identity and access management is anticipated to expand at a CAGR of 12.50% during the forecast period from 2017 to 2022 and the market is expected to reach approximately USD 15.92 billion in terms of revenue by 2022.

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The demand for identity and access management has increased in recent years as the number of unauthorized access and other security concerns have increased at workplaces. Further, organizations are demanding new advanced technologies in terms of security such as sound artificial intelligence solution for proper management of their security systems. Data security is a major concern as a huge amount of data is generated every day in an organization; thus, protecting high profile data has become the key driver for the growth of this market. Further, as most of the organizations are highly dependent on automated systems and web-based applications there is an increasing demand for identity and access management solutions. However, a new improvement in advance technology and lack of skilled intellectual are some of the factors which are restraining the growth of this market.

Identity and access management market are segmented on the basis of component, deployment, verticals, and regions. Provisioning, single sign-on, advanced authentication, audit, compliance and governance, directory services and password management are the major component segment of identity and access management market. Further, on the basis of deployment the identity and access management market is segmented into on-premises and cloud. The industry verticals for the identity and access management are banking and financial services, healthcare sector, the manufacturing sector, telecommunication and IT sector, educational sector and others. Further, the market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

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In terms of revenue, North America was the largest segment for identity and access management market in 2016. The high dependency on the automated systems in US and Canada has increased the demand for identity and access management solutions. Asia-Pacific region has emerged as the fastest growing region for the identity and access management market due to the significant growth in the industrial sector as well as rising demand for cloud-based solutions from manufacturing and other verticals.

Some of the leading companies in the global identity and access management market are SailPoint Technologies, IBM Corporation, C.A Technologies, Oracle Corporation, Dell EMC, Citrix, NetIQ Corporation, Hitachi ID Systems, Microsoft Corporation, Okta, Inc., and Symantec Software Solutions Pvt Ltd. among others.

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Global Identity and access management: Component Segment Analysis

• Provisioning
• Single Sign-on
• Advanced Authentication
• Audit Compliance and Governance
• Directory Services
• Password Management

Global Identity and access management Market: Deployment Segment Analysis

• On-premises
• Cloud

Global Identity and access management Market: Industry Vertical Segment Analysis

• Banking and Financial Sector
• Healthcare Sector
• Manufacturing Sector
• Telecommunication and IT Sector
• Media and Entertainment Sector
• Education Sector
• Others

Global Identity and access management Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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