A global market research and intelligence report on Identity and Access Management has been released by The Maximize Market Research. Developing countries in the APAC area, including India, Malaysia, and Malaysia, are creating more market potential for orange extract. For the major companies in the sector, Bangladesh and Vietnam present profitable potential. The 34 nations that are supposedly desirable travel destinations for industrial stakeholders are covered by the report from around the world. The primary actors chosen for profiling and benchmarking are chosen based on their geographical dominance, global reach, and likely investment criteria.
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Identity and Access Management Market Overview:
In-depth analysis of statistics on current and emerging trends sheds light on the dynamics of the Identity and Access Management Market. The paper discusses Porter’s five forces in order to assess the significance of numerous elements, such as dangers posed by diverse agents, competitive strength, and promising young businessmen to comprehend a resource. The research did a micro level analysis of each country to establish the total market size by countries and segments. Using a bottom-up approach, the size of the regional and global markets is estimated. It is feasible to ascertain the contribution of the unorganised market to the size of the overall market by performing a micro level analysis of each country. Interviews with influential businessperson in the area are then used to confirm the findings. This study is unique and an investor’s guide due to the SWOT analysis of each player, PESTLE analysis, and Porter’s analysis benchmarking of major players on several metrics. Each player’s supply and consumption data is derived from official government sources, third-party databases, and, in the case of listed companies, annual reports. If a company’s annual reports are not made public, it is possible to request them through the tax division of the local government.
Identity and Access Management Market was worth US$ 13.38 Bn in 2020 and total revenue is expected to grow at a rate of 13.21 % CAGR from 2021 to 2027, reaching almost US$ 31.89 Bn in 2027.
Identity and Access Management Market Dynamics:
The Federal Trade Commission (FTC) maintains the Consumer Sentinel Network, which tracks consumer fraud and identity theft complaints made with federal, state, and local law enforcement authorities as well as private groups. In 2019, 1.7 million of the 3.2 million identity theft and fraud reports received were connected to fraud, 900,000 were other consumer complaints, and 651,000 were identity theft complaints. Consumers reported losing more than USD 1.9 billion due to fraud in 2019, up USD 293 million from the previous year. In these situations, the median amount paid was USD 320. Imposter scams were the most commonly reported of all the fraud types, ranking first among the FTC’s top ten fraud categories. They were responsible for a total loss of USD 667 million. Identity theft accounted for 650,570 complaints in 2019, or 20% of all complaints. Identity theft claims decreased by 24% from 2015 to 2017, but began to rise again in 2018 and increased by 46% from 2018 to 2019.
One of the major issues for businesses across all industries is the growing cyber threat landscape. The IAM market’s growth is being stifled by a lack of identification standards and insufficient budgetary resources, as well as the expensive installation costs of IAM systems. Because IAM systems must combine powerful security technologies, the initial investment and ongoing maintenance costs are expensive. As a result, insufficient budgets continue to be a significant barrier for IAM experts in carrying out successful IT security operations.
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Identity and Access Management Market Segmentation:
Global Identity and Access Management Market is segmented into Component, Organization size, Development type and Vertical.
Based on Component, the market is sub-segmented into Provisioning, Directory Services, Password Management, Audit, Compliance, and Governance, Single Sign-On, Advanced Authentication. With over 30% revenue in 2019, the provisioning component category topped the identity and access management market. With the growing number of people accessing systems and applications, it is critical for businesses to have a procedure in place to manage identities in their IT infrastructure. By generating, altering, disabling, and removing user accounts and profiles across IT infrastructure and business applications, user provisioning plays a critical role in the implementation of an identity lifecycle.
Global Identity and Access Management MarketBased on Development type, the market is sub-segmented into Cloud and On-Premise. On-premise solutions saturated the market, in 2019. Accounting for nearly 53.0% of total revenue. Large businesses benefit from cost savings associated with automated user provisioning, as well as better auditability and compliance of their whole SaaS portfolio, including Yammer, WebEx, Google Apps, and Box.net. By 2025, however, the segment is expected to lose market share to the other two.
The research offers a thorough analysis of the market’s presence across numerous industries and countries. By doing a detailed geographic analysis of the industry, the research analyst seeks to identify untapped development potential that may be used by companies in various parts of the world. Global Identity and Access Management Market research offers precise information that helps market participants successfully compete with their biggest rivals based on growth, sales, and other important factors. Significant market elements like market drivers and barriers are distinguished from crucial development prospects and industry trends in the research study.
Key players:
• CA Technologies
• Centrify
• One Identity LLC
• ForgeRock Inc.
• HID Global Corporation
• IBM Corporation
• McAfee
• Microsoft Corporation
• NetIQ Corporation
• Okta Inc.
• One Login Inc.
• Oracle Corporation
• Ping Identity
• SecureAuth
• Evidian
Reasons to Purchase the Identity and Access Management Market Report:
- A thorough review of the global market
- Regionally-specific market drivers, restraints, opportunities, and challenges.
- There is a plethora of knowledge about market dynamics and prospects for the anticipated time range in the Maximize Market Research (MMR) study.
- Explicitly describe market segmentation and market share.
- Data on national, regional, and sub-regional supply and demand trends are supplied
- Recent business trends and developments
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