Identity and Access Management Market Size to Reach USD 11.70 Billion|APAC to Occupy 33% Market Share| Technavio


NEW YORK, June 21, 2022 /PRNewswire/ — The identity and access management market estimates a market value of USD 11.70 billion from 2020 to 2025 as per the latest market report by Technavio. In addition, the report projects the market to progress at a CAGR of 14%. 33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for identity and access management in APAC. Market growth in this region will be faster than the growth of the market in other regions. Investments from the government and private sectors are growing in the developing countries of Asiasuch as India, the Philippinesand China, to promote innovation and entrepreneurship. In addition, the cloud-based IAM market is witnessing substantial growth in this region due to the advances in the integration of various applications and services in the cloud.

Technavio has announced its latest market research report titled Identity and Access Management Market by End-user, Deployment, and Geography – Forecast and Analysis 2021-2025

For more highlights on the region segment – Grab a Sample Report

Identity And Access Management Market: Segmentation Analysis

The market research report segments the identity and access management market by End-user (large enterprises, government organizations, and SMEs), Deployment (on-premises and cloud-based), and Geography (North America, EuropeAPAC, MEA, and South America).

  • Revenue Generating Segment: The identity and access management market share growth by the large enterprises will be significant for revenue generation. The adoption of IAM by large enterprises is expected to increase during the forecast period because of its benefits such as performance; affordability; security; enterprise-class scale; and easy management of shared sensitive information, including documents, passwords, and digital identities.

  • To know about the contribution of each segment –Click Now!

Identity and Access Management Market: Increase in data thefts across the globe to drive growth

  • The key factor driving the identity and access management market growth is the increase in data thefts across the globe. Cyber ​​thefts by hackers and cybercriminals are growing at an alarming rate, which is driving the cyber security market. The number of data breaches and files stolen by hackers is rising globally.

  • For instance, in the US there were approximately 4.8 million identity theft and fraud reports received by the Federal Trade Commission in 2020, which was an increase of 45% from 3.3 million in 2019. It was mostly due to the 113% increase in identity theft complaints. Moreover, IAM supports enterprises in verifying users as well as managing their access to enterprise resources. IAM helps enterprises in enabling applications to be accessed securely by providing the necessary user information for decision-making purposes. Hence, IAM helps enterprises to review the critical areas of concern within their environment, provides insights, and offers tools to defend against these attacks. It will focus on recovery and the importance of preparing for data loss. Therefore, these factors are expected to propel the growth of the market focus during the forecast period.

To know about the other drivers along with the market challenges – Request a Sample Report

Get ready to achieve excellent business outcomes from this exclusive Identity and Access Management Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Identity and Access Management Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Identity and Access Management Market Forecast Report – Buy Now!

Related Reports:

Identity and Access Management Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14%

Market growth 2021-2025

USD 11.70 billion

Market structure

Fragmented

YoY growth (%)

13.34

Performing market contribution

APAC at 33%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte LLP, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Tata Consultancy Services Ltd., and Wipro Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Size

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Deployment

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/identity-and-access-management-market-size-to-reach-usd-11-70-billionapac-to-occupy-33 -market-share-technavio-301570864.html

SOURCE Technavio

Leave a Comment