Identity and Access Management Market Overview:
The goal of this study is to provide an overview of the Identity and Access Management Market as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top Identity and Access Management firms, as well as important industry trends and opportunities.
The study also contains company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Identity and Access Management market. This research looks into global, regional, and corporate market trends, volume, and value. This study examines the whole Identity and Access Management Market Size from a worldwide standpoint, evaluating historical data and generating estimates.
Expected Revenue Growth:
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.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as several data triangulation methods, were often used throughout the market engineering process to get a market evaluation and predictions for the overall market segments and sub-segments included in the Identity and Access Management market study. To give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Identity and Access Management Market Segmentation:
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.
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Identity and Access Management Market Major Players:
Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the Identity and Access Management market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the global Identity and Access Management industry.
• 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
Regional Analysis:
After studying the political, economic, social, and technical elements impacting the Identity and Access Management market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Identity and Access Management Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19's influence on the Identity and Access Management market and will assist you in developing your business in accordance with the new industry standards.
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Key Questions Answered in the Identity and Access Management Market Report are:
What will be the CAGR of the Identity and Access Management market during the forecast period?
In the Identity and Access Management industry, which market category emerged as the market leader?
Who are the main market participants in Identity and Access Management?
What will the size of the Identity and Access Management market be in 2029?
Which company dominated the Identity and Access Management industry in terms of market share?
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