Identity and Access Management Market Industry Outlook, Size, Growth Factors, Forecast, Insights on Scope | 2029

Identity and Access Management Market was worth US$ 15.14 Bn in 2021 and total revenue is expected to grow at a rate of 13.21 % CAGR from 2022 to 2029, reaching almost US$ 40.87 Bn in 2029.

Identity and Access Management Market Overview:

The Identity and Access Management industry research provided a comprehensive analysis of the worldwide Identity and Access Management Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.

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Market Scope:

The Identity and Access Management Market report includes a comprehensive analysis of major players in the market, application, and geographic conditions to help identify key competitors both locally and globally. The report also covers the investment options available in the micro market to investors, along with a comprehensive analysis of the competitive landscape and key products the companies offer. 

Identity and Access Management Market report provides in-depth knowledge and understanding of trends, dynamics, restraints, and opportunities. Research identifies the most important trends that will impact business operations. It helps to identify the information included in the research that determines the competitive landscape of key companies, the factors affecting the market size and volume, and other aspects that can help to determine the current marketing plan. SWOT analysis was done to find the strengths and weaknesses of the market.

Segmentation Analysis:

The market is further divided into the following sub-segments based on component: Advanced Authentication, Password Management, Audit, Compliance, and Governance, Directory Services, and Provisioning. The provisioning component category led the identity and access management market in 2021 with over 30% in revenue. Businesses must put a process in place to manage identities in their IT infrastructure because of the increase in the number of users using systems and apps. User provisioning is essential to the implementation of an identity lifecycle because it creates, modifies, disables, and deletes user accounts and profiles across IT infrastructure and business applications.

The market is divided into two sub-segments: Cloud and On-Premise, based on development type. In 2021, on-premise solutions will dominate the market. generating over 53.0% of total revenue. With automated user provisioning, large enterprises can save money while also improving the auditability and compliance of their whole SaaS portfolio, which may include Yammer, WebEx, Google Apps, and Box.net. Nonetheless, it is anticipated that the segment will lose market share to the other two by 2025.

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Key Players:

• CA Technologies
• Centrify
• One Identity LLC
• ForgeRock Inc.
• HID Global Corporation
• IBM Corporation
• McAfee
• Microsoft Corporation
• NetIQ Corporation
• Okta Inc.
• One Login Inc.
• Oracle Corporation
• Ping Identity
• SecureAuth
• Evidian

Regional Analysis:

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the regions that make up the Identity and Access Management market growth. Every region has different factors such as political, geographic, economic, etc. which are affecting the Identity and Access Management market. Local and regional development plans are often affected by the performance of the Identity and Access Management market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

Key Questions answered in the Identity and Access Management Market Report are:

• What is Identity and Access Management Market?
• What is the forecast period of the Identity and Access Management Market?
• What is the competitive scenario of the Identity and Access Management market?
• Which region held the largest market share in the Identity and Access Management Market?
• What are the opportunities for the Identity and Access Management Market?
• What factors are affecting the Identity and Access Management market growth?
• Who are the key players of the Identity and Access Management market?
• Which company held the largest share in the Identity and Access Management market?
• What will be the CAGR of the Identity and Access Management market during the forecast period?
• What key trends are likely to emerge in the Identity and Access Management market in the coming years?

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Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Identity and Access Management
• Landscape- Leading key players and other prominent key players.

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