Increasing need for advanced network capabilities accompanied by cloud-native architecture is likely to propel the industry demand over the few coming years.
Identity & Access Management (IAM) market size is estimated to reach USD 26.74 billion by 2022, as per a new research report by Global Market Insights, Inc.
Surging implementation of this scheme by large and medium scale organizations as well as government agencies is predicted to boost Identity & Access Management (IAM) market growth from 2015 to 2022.
An organization?s operating efficiency can be improved by formulating a well-defined process to manage information access.
In order to offer access to enterprise information for trading partners, customers, and employees, companies need to offer an enhanced infrastructure.
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Global IAM Market Device Analysis (Revenue, USD Million, 2012 - 2022):
Global IAM Market Analysis (Revenue, USD Million, 2012 - 2022)
- Oil & Gas
- Telecom & IT
- Public sector & utilities
Global IAM Market Regional Analysis (Revenue, USD Million, 2012 - 2022)
- North America
- Asia Pacific
- Latin America
The above information is provided for the following regions/countries: North America, U.S, Canada, Europe, Germany, UK, France, Italy, Spain, Russia, Asia Pacific, China, India, Japan, South Korea, Australia, Latin America, Brazil, Mexico, Argentina, Middle East and Africa, South Africa, Saudi Arabia, Egypt.
- Industry pitfalls & challenges
- Growth potential analysis
- Porter's analysis
- IAM key competitor analysis, 2014
- Market strategy overview
A large number of enterprises are unable to manage the security administration requirements of all users through manual measures owing to huge customer base. While automating, these enterprises divest the administrative costs to customers or end-users.
Extranet Access Management (EAM) products are anticipated to play a key role in end-user self registration. It also helps in portal and personalization implementation as well as outsourcing.
Since numerous enterprises outsource their IT operations, service providers must have a well-defined security administration function. This security function helps in making operations efficient as well as cost effective for both entities.
Automating the process aids in time-saving across wide areas, by reducing the time frame to approve access requests for approvals. It allows revenue producing contractors and employees get access to desired resources, thus improving the overall organizational efficiency.
Additionally, enterprises produce reports for everyday security administration purposes. Obtaining the required information from a centralized facility would improve operational efficiency.
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Surging use of mobile apps as well as cloud services in order to optimize cost and drive productivity is predicted to increase the complexity of IT. Growing usage of various types of applications and resources may also increase the complexity.
Companies are now making a shift to hybrid on-premise/on-demand paradigm for controlling access to data as well as applications. Feasible models such as SaaS offer ease of application access.
Patient identity management is likely to help in controlling access to patient's private data. Increasing usage of electronic healthcare records is predicted to drive the need for implementation of IAM systems.
Simple and secure online experience provided by telecom and IT companies may provide growth avenues for the IAM market over the forecast period.
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