Identity and Access Management Market was worth US$ 17.14 Bn in 2022 and total revenue is expected to grow at a rate of 13.21% CAGR from 2023 to 2029, reaching almost US$ 40.87 Bn in 2029.
Identity and Access Management Market Overview
The study provides a comprehensive overview of the Identity and Access Management market, including its most recent revenue and market trends, market definition, overview, and structure. The primary and secondary data have been compiled and analyzed in detail to ensure that the Identity and Access Management industry report is authentic and error-free.
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Identity and Access Management Market Report Scope and Research Methodology
The report also includes a SWOT analysis of the key players in the Identity and Access Management industry, which provides insights into their strengths and weaknesses. The report is a combination of primary and secondary data collected through exhaustive research. The primary research involved interviews with industry experts, while the secondary research involved the analysis of government policies, market environment, historical data, competitive landscape, current market trends, technological progress, and upcoming technologies.
The report provides a comprehensive overview of the Identity and Access Management industry, including the most recent trends in each sub-segment, revenue growth at local, regional, and global levels, and both qualitative and quantitative data. The analysts focused on global trends, including key statistics on the market status of the Identity and Access Management competitors. The report also includes a detailed region-wise and segment-wise analysis of the Identity and Access Management market dynamics, including drivers, restraints, opportunities, and challenges. This makes the report an invaluable resource for investors.
The bottom-up approach was used to estimate the global Identity and Access Management market size. Porter’s five forces analysis explains how suppliers and buyers build buyer and supplier networks and make profit-driven decisions. The PESTLE analysis helps to understand the Identity and Access Management market through various perspectives, such as political, economic, social, technological, environmental, and legal factors.
Identity and Access Management Market Regional Insights
The report is segmented into several key countries, with market size, growth rate, import and export of Identity and Access Management market in these countries, which covers North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Identity and Access Management Market Segmentation
The market is further divided into the following sub-segments based on component: Advanced Authentication, Password Management, Audit, Compliance, and Governance, Directory Services, and Provisioning. The provisioning component category dominated the identity and access management market in 2022 with over 30% in sales. Businesses must have a process in place to manage identities in their IT infrastructure because of the increase in the number of users using systems and apps. User provisioning is essential to the implementation of an identity lifecycle because it creates, modifies, disables, and deletes user accounts and profiles across IT infrastructure and business applications.
The market is divided into two sub-segments: Cloud and On-Premise, based on development type. In 2022, on-premise solutions will dominate the market. generating over 53.0% of total income. With automated user provisioning, large enterprises may save money while also improving the auditability and compliance of their whole SaaS portfolio, which may include Yammer, WebEx, Google Apps, and Box.net. However, it is anticipated that the sector would lose market share to the other two by 2025.
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Identity and Access Management Market Key Players
1. CA Technologies 2. Centrify 3. One Identity LLC 4. ForgeRock Inc. 5. HID Global Corporation 6. IBM Corporation 7. McAfee 8. Microsoft Corporation 9. NetIQ Corporation 10.Okta Inc. 11.One Login Inc. 12.Oracle Corporation 13.Ping Identity 14.SecureAuth 15.Evidian 16.Intel Corporation 17.Salesforce 18.Broadcom 19.Ubisecure 20.CyberArk 21.SAP
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Key Questions answered in the Identity and Access Management Market Report are:
- What is Identity and Access Management?
- What is the expected CAGR of the Identity and Access Management market during the forecast period?
- What is the expected Identity and Access Management market size by the end of the forecast period?
- Who are the prominent players in the Identity and Access Management market?
- What key trends are expected to emerge in the Identity and Access Management market in the coming years?
- What are the factors restraining the Identity and Access Management market growth?
- Which regional Identity and Access Management market is expected to grow at a high rate during the forecast period?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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