Global Identity & Access Management (IAM) Market worth USD 23,212.65 Million by 2024

Pune, India, October 15, 2018 -- /360iResearch/ -- The report "Global Identity & Access Management Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 7,803.61 million in 2016 and is projected to reach USD 23,212.65 million by 2024, growing at a CAGR of 14.60% from 2016 to 2024.

The major forces driving the growth of the identity & access management market include the rising demand for effective and authorized access to critical resources and transparency and accountability with one identity solution. Moreover, enhanced security measures to authenticate identity and access is also one of the factors that is driving the market growth. However certain factors such as the security concern due to adoption of cloud-based application and byod may hinder the market growth. In the middle of difficulty lies opportunity such as the holistic tool for improving information security and corporate performance, centralized cloud-based iam system for productive provisioning, and security tool to identify vulnerabilities inside big data. The possible challenges for the market growth are increasingly distributed mobile workforce and applications, invisible complexity while switching to the cloud, and security conflicts related to third party. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global identity & access management market is studied across Advanced Authentication, Audit, Compliance, and Governance, Directory Services, Password Management, Provisioning, and Single Sign-On. Based on market, the global identity & access management market is studied across Identity & Access Management Professional Services, and Multi-factor Authentication. Based on industry, the global identity & access management market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global identity & access management market is studied across On-Cloud, and On-Premises. Based on geography, the global identity & access management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the identity & access management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Amazon Web Services, Inc., Bitium, Inc., CA Technology, Inc., Centrify Corporation, Cyber-Ark Software, Inc., International Business Machines Corporation, Microsoft Corporation, Okta, Inc., OneLogin, Inc., Oracle Corporation, RSA Security LLC, SAP SE, and, Inc..

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