Identity and Access Management (IAM) Market Size By End-Use (BFSI, Education, Healthcare, Energy, Oil & Gas, Telecom &IT, Manufacturing Public Sector & Utilities), By Deployment (Hybrid, Cloud, On-Premise), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022

Published Date: March 2016 | 150 Pages | Report ID: GMI176 Report Format: PDF

Summary Table of Contents Industry Coverage Methodology

Industry Analysis

Identity and access management (IAM) market size is projected to grow at a CAGR of 15% from 2015 to 2022 to be valued at over USD 26 billion by the end of the forecast period. Rising demand for superior network capabilities and cloud-native architecture is predicted to drive the industry.
 

UK identity and access management market share by deployment, 2012 – 2022 (USD Million)

identity and access management market share by deployment, 2012 – 2022 (USD Million


Increasing adoption of these systems by government agencies as well as large and medium scale organizations is expected to positively impact IAM market size.


Stringent regulations for numerous industries such as financial services, pharmaceutical, healthcare and other industries are regulated by the U.S. Food & Drug Administration and electric energy industries necessitate the establishment of a secure access control infrastructure facilities. Strict government regulations and several regulatory reforms are causing organizations as well as enterprises to address their internal control infrastructure.


Implementation of a well-defined process to control access to information may highly enhance the organization’s operating efficiency. Appropriate implementation of these solutions in large organization helps in ensuring rerouting of a request to the correct person.


IAM processes help in saving time across varied areas, such as reducing the time frame to approve access requests. In addition, they help in revenue generation by facilitating employees as well as contractors to gain access to desired resources. Additionally, enterprises produce reports for day-to-day security administration.


Increasing usage of cloud services as well as mobile apps to cut costs and boost productivity is likely to increase the complexity of IT as various types of applications and resources are accessed by the employees. Growing Bring Your Own Technology (BYOT) use has resulted in provisioning employee devices with personal software such as Evernote and Dropbox. Since each application has varied password requirements with different expiration cycles, the resultant password fatigue may negatively impact the IAM market size.


Deployment Analysis

Cloud IAM market share is anticipated to witness substantial growth and is estimated to exceed USD 5 billion by 2022. This model provides various benefits such as simplified management as well as reduced costs, along with no hardware or software deployment. Various applications including WebEx, Yammer, Box.net, and Google Apps are predicted to offer higher advantages over on-premise solutions.


On-premise infrastructure uses traditional in-house data centers, which help completely control software updates and security patches. This technology cannot detect security breaches due to unauthorized physical access. In comparison, cloud hosting companies protect customers and alert them immediately.


End-Use Analysis

Public sector and utilities is estimated to continue being the dominant end-use segment. The BFSI sector is highly regulated for protecting institutional and consumer assets. It becomes imperative for enterprises to offer internal and external identities including contractors, business partnets, and vendors the required degree of information necessary for fulfilling their responsibilities.This is expected to provide a fillip to the IAM market size across this sector.


Stringent government regulations and various regulatory reforms are causing organizations and enterprises to address internal control infrastructure. For example, in accordance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), healthcare organizations need to ensure the privacy of patient records and maintain the portability of healthcare coverage.


Regional Analysis

U.S. IAM market size is expected to continue accounting for majority of the global revenue over the next few years. Surging demand for intensive R&D has led to the development of sophisticated high-end products, which are delivered for ease-of-use and to provide control to meet process requirements.


Asia Pacific IAM market share is predicted to witness high growth due to surging deployment of IAM solutions along with rising cyber threats on critical infrastructure.


Competitive Market Share

Major industry players dominating IAM market share include CA Technologies, Amazon Web Services, OneLogin, Oracle, Centrify, Net IQ, Dell Software, ForgeRock Inc, HID Global Corporation, HP, IBM, and EMC Corporation.

Key strategies implemented by industry players to connect with cloud-based environment include scalability, enhancing security of critical data, ease of mobility, and smooth authentication & authorization.

Companies are now investing in research and development to invent new technologies for enhancing the network-based security. Business strategies such as partnerships and strategic acquisitions are now being adopted for expansion.
 

 

Questions addressed by this report?
What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2022?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2022?
What are the technology & innovation trends, how will they evolve by 2022?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
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