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Identity and Access Management Market Size to Hit USD 24.76 Bn by 2026; Exciting Advancements in Identity Fraud Detection Technologies to Boost the Market: Fortune Business Insights™

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Pune, July 10, 2020 (GLOBE NEWSWIRE) — The global identity and access management (IAM) market size is projected to reach USD 24.76 billion by 2026, exhibiting a CAGR of 13.2% during the forecast period. Increasing implementation of blockchain for IAM operations will be game-changer for the market, states Fortune Business Insights™ in its report, titled “Identity And Access Management Market Size, Share and Industry Analysis By Component (Provisioning, Directory Services, Single Sign-On, Others), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and Consumer Packed Goods, Others) And Regional Forecast 2019-2026”.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments as well as several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Please visit: https://www.fortunebusinessinsights.com/industry-reports/identity-and-access-management-market-100373
Exhaustive study of all the factors driving and restraining the market;Thorough analysis of the various market segments;Detailed examination of the regional developments shaping the market; andMicroscope research into the competitive landscape of the market.Market DriverIncreasing Instances of Identity Thefts to Accelerate Market GrowthThe identity and access management market growth is set to surge on account of steady climb in the incidence of identity thefts. According to the US Federal Trade Commission (FTC) Consumer Sentinel Network, 650,572 reports of identity theft were filed across the country in 2019. The FTC also highlighted that among these thefts, credit card frauds topped the list, with over 270,000 reports from people claiming that their credit information was being misused for transactions or for opening new accounts. In 2019, Symantec stated in its Internet Security Threat Report that approximately 10% of the people are victims of identity frauds annually and 21% of these have been defrauded several times previously. As a result, the demand for identity and access management tools is escalating as majority of people have a virtual presence and are frequently transacting online.Regional InsightsNorth America to Have Commanding Market Presence; Asia Pacific to Witness Steady GrowthWith a market size of USD 3.65 billion in 2018, North America is poised to lead the global market during the forecast period owing to massive generation, storage, and exchange of data in the region. Besides this, the region is home to some largest tech companies in the world, who are constantly engaged in introducing advanced security solutions for companies and individuals.In Asia Pacific, lucrative opportunities await the market players as countries such as India and China are aggressively digitizing their citizen databases and rapidly adopting online channels for business transactions. Thus, the demand for secure IAM services will enable the region to tighten its grip on the identity and access management market share in the coming years.Focus on Innovation be the Key Strategy for Market CompaniesLarge, global players in the tech world such as Google and Microsoft are ramping up their investments in innovation and developing next-gen IAM technologies to address the pestering menace of identity frauds worldwide. Many new companies are also entering the fray and trying to establish themselves through novel ideas and launch of comprehensive solutions.Industry Developments:June 2020: US-based IAM specialist ForgeRock strengthened its Identity Platform by equipping it with cloud and AI capabilities to provide its customers with a more simplified, smooth, and secure digital experience. The advanced platform has been designed to ensure an organization’s data security and protect an individual’s privacy.February 2020: Amazon Web Service’s AWS Identity and Access Management introduced a new control for access to requests made by AWS on behalf of the users. Using this control, customers can now grant indirect access to their IAM principals to launch the Amazon Elastic Compute Cloud (EC2).ForgeRock   CrossmatchCyberarkCA TechnologiesSymantecGemaltoSiemens AGOracleHP Development Company L.P.Amazon Web Services Inc.Fischer IdentityCore SecurityCentrifyBeta SystemsAvatierIBM CorporationMicrosoftAkamai Technologies
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Detailed Table of ContentIntroductionResearch ScopeMarket SegmentationResearch Methodology and AssumptionsExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging Trends of MarketKey InsightsMacro and Micro Economic FactorsKey Technological DevelopmentsIndustry SWOT AnalysisGlobal Identity and Access Management Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By ComponentProvisioningDirectory ServicesSingle Sign-OnPassword ManagementAdvanced AuthenticationAudit, Compliance, and GovernanceMarket Analysis, Insights and Forecast – By DeploymentCloudOn-PremisesMarket Analysis, Insights and Forecast – By Organization SizeSmall and Medium Enterprises (SMES)Large EnterprisesMarket Analysis, Insights and Forecast – By VerticalBFSIIT and TelecomRetail and Consumer Packaged GoodsGovernmentEnergy and UtilitiesEducationManufacturingHealthcare and Life SciencesOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!
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