Identity And Access Management (IAM)

Identity and access management (IAM) is a structure of business processes, policies, and technologies. This helps the management in electronic or digital identities. With this IAM framework, IT managers can able to control users’ access to critical information within their organizations. Furthermore, Identity and access management products provide role-based access control, which allows system managers to regulate access to systems or networks based on the roles of individual users within the enterprise.

The core objective of IAM systems is one digital identity for each individual. Once that digital identity has been established, it must be maintained, modified, and monitored throughout each operator.

The demand for Identity and access management (IAM) Market, in terms of revenue, was worth USD 10.12 Billion in 2018 and is expected to reach USD 23.30 Billion in 2025, growing at a CAGR of 12.67% from 2019 to 2025. Global identity and access management are expected to grow at a significant rate due to the number of driving factors.

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Market Analysis of Identity and access management (IAM):-
Global Identity and access management (IAM) market is segmented in solution, service, deployment type, industry vertical, and region. On the basis of solution, the market is divided into advanced authentication, identity proofing services, and others. By service, the market is divided into Professional Services and Managed Services. By deployment type market is divided into cloud and on-premises. By industry vertical market is divided into banking, healthcare, IT & telecom, consumer goods & retail, energy & utility, public sector, and others

The study provides a crucial view of the global IAM market by segmenting the market based on component, deployment, end-user and region. On the basis of component, provisioning, password management, directory services, advanced authentication, and audit, compliance & governance, and others. On the basis of the deployment model, the market is segmented into on-premise, and cloud. Based upon end-user, the market is segmented into telecom and IT, manufacturing, healthcare, and life sciences, retail and CPG, public sector and utilities, energy, BFSI, education, and others. On the basis of country level, global identity and access management market sub-divided into U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Brazil, Mexico, GCC, Africa, etc.

Identity and Access Management (IAM) Companies

global identity access management companies are

• Onegini
• TransUnion
• Ping Identity Corporation
• Gigya Inc.
• Centrify Corporation
• Okta Inc.
• Experian PLC
• Janrain Inc.
• Mitek Systems Inc.
• Traxion Inc.
• LexisNexis Risk Solutions Inc.
• MorphoTrust USA
• GB Group Plc
• ID Analytics LLP
• Aware Inc.
• Equifax Inc.
• others

Identity and Access Management (IAM) Market Segmentation:-

By solution -

• Advanced Authentication
• Identity Proofing Services
• Others

By service -

• Professional Services
• Managed Services

By deployment type -

• Cloud
• On-premises

By industry vertical -

• Banking
• Healthcare
• IT & Telecom
• Consumer Goods & Retail
• Energy & Utility
• Public Sector
• Others

Drivers :

There are several drivers for the Access Management (IAM) market, including increasing demand for enhanced identity verification, rising concerns over cyber threats and data breaches, and the growing adoption of cloud-based IAM solutions. Additionally, the need for regulatory compliance with data protection laws and regulations is driving the market growth. The use of IAM solutions for efficient user management and improved operational efficiency is also a significant driver for the market. Furthermore, the proliferation of mobile and web applications, along with the increasing trend of Bring Your Own Device (BYOD), is fueling the demand for IAM solutions that can support secure access to these devices and applications.