As identity and access management 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 . IAM services and solutions are growing into a risk-based program , with their abilities focused on entitlement management and enforcement of logical access control . Enterprises have started attaining benefits from their prices , but face major challenges to manage time-incentive practices such as manual provisioning and approval . The market can be categorized by deployment into on-premise , hybrid and cloud IAM . On-premise identity and access management market accounted for a majority share in 2014 and is anticipated to lose substantial share over the forecast period . On-premise infrastructure uses conventional in-house data centers that entirely controls software updates and security patches . However , security breaches owing to unauthorized physical access cannot be spotted by this technology .
Alternatively , cloud hosting companies safeguard customers and alert them instantly which would positively favor demand for hybrid and cloud solutions . Applications sectors in the IAM market include oil & gas , telecom & IT , public sector , utilities , BFSI , energy healthcare , and manufacturing . BFSI sector companies have to adopt cyber security solutions to monitor , detect , report , and counter the cyber threats for keeping the privacy of information and to increase productivity . Several stringent government regulations and regulatory reforms are causing organizations and enterprises to address their internal control infrastructure .
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For instance , according to Health Insurance Portability and Accountability Act of 1996 ( HIPAA ), it is mandatory for healthcare organizations to safeguard the portability of healthcare coverage and the confidentiality of patient records . It involves organizations to train staffs to efficiently follow secrecy measures , designate an individual in the organization in-charge of HIPAA compliance and implementation , and undertake significant measures for regulating the disclosure of patient information such as secure electronic access to patient records .
Geographically the global market for identity and access management is segmented into North America , Asia- Pacific , Middle East and Asia , Europe and Latin America . Europe and North America are expected to contribute substantially to the global market share owing to the favorable regulatory scenario . The U . S . government has issued over 400 regulatory policies associated to cyber security , which is expected to fuel the market for IAM across the region . Asia-Pacific identity and access management market are expected to grow at a higher rate owing to the large deployment of IAM services & solutions and an increasing number of cyber threats on cloud architecture .
The Middle East & Africa is also expected to gain traction with substantial growth over the forecast period . The key market players dominating the global market for identity and access management includes IBM , HP , EMC