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 Insight:
The Identity and Access Management Market are covered in-depth in this MMR study, along with trends, drivers, and potential obstacles. The five regions addressed are Asia Pacific, North America, Europe, the Middle East and Africa, and South America. The Identity and Access Management Market is divided into segments and regions. This MMR analysis profiles the leading market participants in the Identity and Access Management industry, as well as their primary growth strategies.
Years considered for this MMR report:
Historical Years: 2017-2021
Estimated Year: 2027
Base Year: 2021
Forecast Period: 2022–2027
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The MMR conducted considerable primary and secondary research for this study. MMR started by compiling a list of producers from all over the world. MMR then conducted primary research with the companies that had been chosen. During the interview, respondents were also asked about their competition. MMR could utilize this technique to locate previously unknown producers due to the limitations of secondary research. All of the major manufacturers' products, distribution routes, and global reach were evaluated by MMR.
Identity and Access Management Market Trends:
The MMR analysis evaluates all of the trends and technologies that will have a significant impact on the Identity and Access Management industry's growth over the projection period. It highlights the key drivers, restraints, and opportunities that will effect market growth between 2022 and 2027.
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.
Key players use a variety of strategies to gain competitive advantages, including new product launches, product enhancements, and collaborative collaborations. Major key players are:
- One Identity LLC
• ForgeRock Inc.
• HID Global Corporation
• IBM Corporation
• Microsoft Corporation
• NetIQ Corporation
• Okta Inc.
• One Login Inc.
• Oracle Corporation
• Ping Identity
• Intel Corporation
• SailPoint Technologies
• SecureAuth Corporation
Recent happenings in the Identity and Access Management Market, as well as organic and inorganic expansion strategies, are included in the MMR reports. A number of businesses are prioritizing new product releases, as well as other organic growth strategies such as patents and events.
This report covers the following crucial features:
- What will be the size of the Identity and Access Management market in 2022, and what will be its annual growth rate from 2022 to 2027?
- In Identity and Access Management, what are the most important market trends?
- What elements do you think will help the Identity and Access Management market grow?
- What are the predicted roadblocks to the Identity and Access Management market's expansion?
North America, Europe, Asia Pacific, the Middle East and Africa, and South America, as well as their respective key countries, are also explored in the Identity and Access Management market.
A complete research report and an in-depth TOC contain tables and figures on the "Identity and Access Management Market."
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