Zion Market Research, the market research group announced the analysis report titled "Identity and Access Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 07/14/2017 -- Global Identity and Access Management Market: Overview
Increasing need of an organization to manage application access and information circulated across internal and external application systems gives rise to the use of the identity and access management system. Identity and access management provides business needs that include role management, compliance & audit reporting and integration of various users. It minimizes risk and reinforces compliance by protecting and monitoring the user access in multi-perimeter environments. This solution will offer the safeguard to applications and valuable data along with business-driven identity governance, security policy enforcement and context-based access control. Fundamental functions of identity and access management solutions are password management, automated provisioning of accounts among heterogeneous systems, fulfillment of access requests and control over user access over target systems through access certification processes and automated policies & workflows.
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Global Identity and Access Management Market: Growth Factors
Emergence of access management solutions coupled with cloud-based identity boost the growth of the global identity and access management market. The implementation of the mandatory policies by national governmental cyber authorities in order to reduce the chances of data loss and strengthen the security acted as a major factor that has driven the global market. Furthermore, associated risk of the enterprise faces when the confidential data is stolen fosters the global identity and access management market growth. The compatibility requirements and complexity of solution integration are major restraining factors of the global market.
Global Identity and Access Management Market: Segmentation
The global identity and access management market is categorized based on the services such as maintenance service, consulting and integration & implementation. Based on the vertical, the global market is classified into media & entertainment, public, energy & utility, transportation & logistics, healthcare, retail, BFSI, IT & telecommunication and others. On the basis of deployment mode, the global identity and access management market is divided into cloud-based deployment and on-premise deployment.
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Global Identity and Access Management Market: Regional Analysis
North America is the dominating region across the world due to the adoption of identity and access management solution by various enterprises which drives the global market in future. Western Europe is following the same trend and is expected to continue this growth in future. The U.S. alone has raised an issue regarding 400 regulatory policies against cyber security that propels the global identity and access management market growth. The U.S. federal agencies need hardware-based personal identification verification card for strong authentication for accessing the government IT infrastructure and networks. Additionally, many federal government agencies such as transportation, interior and veteran affairs are adopting strong authentication measures that are fostering the global market growth. The Asia Pacific region is contributing to the market growth owing to its rising utilization by the enterprises due to increasing risk of cyber threats.
Global Identity and Access Management Market: Competitive Players
Major companies operating in the global identity and access management market are IBM Corporation, EMC Corporation, Oracle Corporation, and SailPoint Technologies Inc. Other players influencing the global market are NetIQ Corporation, Hitachi ID Systems Inc., Hewlett-Packard Company, CA Technologies, and Courion Corporation.
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