Market Revenue Identity And Access Management Market

Identity And Access Management Market Participation
Categorization, Competitive Environment Till 2022
“Identity And Access Management (IAM) Market continues to progress over
the forecast period, enterprises are expected to look for larger and more
innovative solutions, which are adaptable to trends such as mobile and cloud
computing.”
The global Identity and Access Management Market is expected to worth USD 24.55 billion by 2022. Growing
demand for cloud architecture and improved network capabilities are anticipated to propel the demand across
enterprises. These solutions are widely adopted by large and medium scale industries as well as by government
agencies. Companies functioning across cloud platforms offer comprehensive on-demand development tools
such as cloud infrastructure and cloud database layer, which empower enterprise IT groups to develop, test,
and deliver customer demanded business applications without investing in conventional system infrastructure.
Over the past recent years, cloud computing, mobile technology social networking, BYOD policies, and other IT
and consumer trends have transformed the threat environment.
To survive and thrive in this increasingly interconnected and virtual ecosystem, organizations must recognize
identity and access management as essential to the secure transfer of information that lies at the heart of
commerce. IAM involves trade-offs in terms of cost, risk, convenience, and other user freedoms. Insufficient
identity assurance for cloud application & services and lack of trust in cloud service providers is anticipated to
hamper the growth of the market. Major gap between the cloud service providers and service consumer owing
to lack of awareness regarding cloud computing solutions is expected to cause vulnerability concerns. However,
the rise in global spending of large-scale organizations and government on integrating the management of
identities with security identity services and solutions is anticipated to lessen the impact over the forecast
period.
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