Global Identity And Access Management Market by Deployment (On-Premise, Hybrid, Cloud) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global Identity and Access Management (IAM), a market worth USD 9.90 billion, was valued in 2018. It is projected to grow at a CAGR 13.1% between 2019 and 2025. The key factors that will drive growth are large-scale enterprise spending and increased government spending on security solutions to prevent identity theft. In the case of healthcare, for example, organizations must ensure that patients' records are kept private and can be transferred to another provider.

The key drivers of IAM demand are increasing web-based applications and risk management solutions like policy-based compliance and audit management, as well as cost control measures. Organizations have had to adopt IAM solutions in order to drive growth due to the proliferation of Bring Your Own Devices, Internet of Things (IoT), mobility and remote workforce.

In the past, identity and access management was focused on creating capabilities to support access management and related compliance needs. These solutions were limited in their ability to provision technology and limit the users' ability to see the benefits of implementation. The solutions were limited to specific systems and applications, which made it difficult for enterprises to comply with compliance requirements. The increase in investment and rigorous R&D has led to the rapid proliferation of IAM products that offer flexibility and control while meeting process requirements.

IAM solutions can help reduce identity theft by implementing risk-based programs that are focused on entitlement management and logical access control. Enterprises have begun to reap the benefits of IAM. However, they also face the challenges of managing time-incentive processes such as manual approval and provisioning. Enterprise silos continue to deliver identity administration functions, which leads to inefficient processes, insufficient access and higher costs for provisioning and deprovisioning.

Identity and access management has evolved to be a crucial and complex part of the IT infrastructure over the years. IAM is now an integral part of the enterprise landscape. It includes information technologies and processes that are interrelated and dependent on each other. When the IAM solution has been well planned and implemented, it can help strengthen regulatory compliance, improve operational agility, and facilitate secure operations. Many enterprises have IAM functions in place that control operational costs, professional services and technology investments.

Component Insights

With a more than 30% share of the revenue, the provisioning segment led 2018's identity and access management market. An increase in users accessing applications and systems makes it essential for enterprises to have an IT infrastructure that allows them to manage their identities. User provisioning is a key part of the identity lifecycle. It allows users to create, modify, disable, or delete user accounts.

Multifactor authentication is expected to grow at a high rate of 17.0% during the forecast period. Multifactor authentication will grow if there are strict compliance policies and guidelines for internet banking, such as OTP tokens and self-created passwords. The multifactor authentication segment will also benefit from the integration of physical and digital security, such as traditional passwords along with smart cards and biometrics.

Information on Deployment

The market can be divided by deployment type into three groups: cloud, hybrid and on-premise. In 2018, 53.0% of total revenue was generated by on-premise solutions. Large enterprises can save money by automating user provisioning. They also have greater auditability and compliance for their entire portfolio of Software as a Service applications (SaaS), such as Yammer and WebEx, Google Apps and Box.net. The segment will lose market share to the two other segments by 2025.

The segment is expected to experience tremendous growth during the forecast period. The key factor driving the segment's growth is the increasing adoption of cloud models by different organizations due to their cost-effectiveness, economies of scale and other benefits. Cloud benefits can be accessed by increasing numbers of IT, sales, business functions. IAM products and services that are cloud-based offer many benefits, including simplified management and lower costs. There is no need to deploy software or hardware.

End-Use Information

The market for identity and access management is divided by end-use into BFSI and telecom and IT, energy and oil and gas, education and public sector utilities, healthcare and manufacturing. Defense, logistics, home safety, security, and other end-uses are also included. The market was valued at USD 2.49 Billion in 2018, with the largest share coming from utilities and public sector.

Numerous regulatory reforms and strict government norms have forced enterprises and organizations to improve their internal control infrastructure. According to the 1996 Health Insurance Portability and Accountability Act (HIPAA), healthcare providers are required to ensure that patients' records remain private and allow them to transfer their healthcare coverage. Organizations must train their employees in privacy compliance, designate one person in charge of HIPPA implementation and compliance, and take extensive measures to limit disclosures of patient information, such as electronic access.

Over the forecast period, the BFSI segment will see the greatest CAGR. This sector contains sensitive customer data, which requires high levels of security. IAM solutions are being adopted by organizations in this sector to improve productivity, increase compliance and lower IT management costs. With the rapid advancement of mobile banking apps, physical and logical securities will continue to merge into unified solutions. The demand for identity management and access management will rise during this period, with the shift to EMV debit cards and credit cards and biometric authentication at ATMs.

Regional Insights

North America dominated the market, accounting for 38% of total revenue. Regional growth is aided by a favorable regulatory environment. According to the National Conference of State Legislatures in the United States, 42 states introduced around 240 cybersecurity bills in 2017 to address cybersecurity problems. This regulatory bill will allow states to take different actions to address cybersecurity issues.

These initiatives include addressing security threats to critical infrastructure, increasing funding for better security measures, and enforcing regulations that allow specific security practices to be implemented in both government agencies and private businesses. Many federal agencies in the United States have implemented strong authentication requirements such as hardware-based personal ID verification cards for employees who want to access government IT infrastructure and networks.

Asia Pacific will be the region most likely to grow in the future, due to the high deployment of IAM solutions, and the increasing cyber threats to critical infrastructure. MEA will also gain momentum in the future due to the improvement of IT infrastructure.

Market Share Insights & Key Companies

Due to the presence of niche and large players in the IAM market, there is intense competition. Companies are offering innovative solutions to help customers address changes in technology, security requirements, and business practices. IAM providers use partnerships, acquisitions, research and development strategies to expand their product range and strengthen their market position. Oracle Corporation, IBM Corporation and CA Technologies are the dominant players in this market.

Scope of the Identity and Access Management Market Report

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level and analyzes the most recent industry trends in each sub-segment from 2015 to 2025. Grand View Research segmented the global Identity and Access Management market report based on component, deployment, end use, and region.

• Component Outlook (Revenue USD Million, 2015-2025)

  • Audit, Compliance & Governance

  • Directory Service

  • Multifactor Authentication

  • Provisioning

  • Password Management

  • One Sign-On

• Forecast for Deployment (Revenue, USD million, 2015-2025)

  • Cloud

  • Hybrid

  • On-Premise

• End-Use Outlook, Revenue, USD Million, 2015-2025

  • BFSI

  • Energy, Oil & Gas

  • Telecom & IT

  • Education

  • Healthcare

  • Utilities & Public Sector

  • Manufacturing

  • Other

• Regional Outlook (Revenues, USD Million 2015-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

Up Market Research published a new report titled “Identity And Access Management Market research report which is segmented by Deployment (On-Premise, Hybrid, Cloud), By Players/Companies Oracle Corporation, HID Global Corporation, CA Technologies, others, NetIQ Corporation (Micro Focus), IBM Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Identity And Access Management Market Report Segments:

The market is segmented by Deployment (On-Premise, Hybrid, Cloud).

Identity And Access Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Identity And Access Management Market

Overview of the regional outlook of the Identity And Access Management Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Identity And Access Management Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Identity And Access Management Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. On-Premise

                2. Hybrid

                3. Cloud

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Identity And Access Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Identity And Access Management Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.