Identity And Access Management (IAM) Market Analysis By Deployment (Cloud, Hybrid, On-Premise), ByEnd-Use (BFSI, Energy, Oil & Gas, Telecom &IT, Education, Healthcare, Public Sector & Utilities, Manufacturing) And Segment Forecasts To 2022

Published: November 2015 | Report Code: 978-1-68038-564-9 | Report Format: Electronic (PDF)

Industry Insights

The global identity and access management market size was estimated at USD 8.92 billion in 2014. Increasing demand for cloud-native architecture and better network capabilities are expected to drive demand across enterprises. These solutions are broadly adopted by medium and large-scale industries as well as by government agencies.

Companies operating across cloud platforms offer complete on-demand development tools such as cloud database and cloud infrastructure layer, which enable enterprise IT groups to test, develop, and deliver customer on-demand business applications without investing in traditional system infrastructure.

IAM solutions are evolving into a risk-based program, with capabilities focused on enforcement of logical access control and entitlement management. Enterprises have started achieving benefits from their costs, but face the challenges to manage time-incentive processes such as manual approval and provisioning.

Inadequate identity assurance for cloud services & applications and lack of trust in cloud service providers is expected to hamper growth. Major gap between the CSPs and service consumer due to lack of awareness about cloud computing solutions is anticipated to cause vulnerability issues. However, increase in global spending of government and large-scale organizations on centralizing the management of identities with security id solutions and servicesis expected to reduce the impact over the next few years.As IAM continues to evolve over the forecast period, enterprises are estimated to look for broader and more advanced solutions, which are adaptable to trends such as cloud and mobile computing.

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

U.S. identity and access management market

Deployment Insights

The industry can be categorized by deployment into cloud, hybrid and on-premise IAM. Identity administration functions continue to be delivered in enterprise silos, leading to users with inefficient process, excessive access, and higher costs of provisioning and de-provisioning.

On-premise identity and access management market accounted for over 55% of the overall share in 2014 and is expected to lose considerable share by 2022. On-premise infrastructure uses traditional in-house data centers that completely controls security patches and software updates. However, security breaches due to unauthorized physical access cannot be detected by this technology. On the other hand, cloud hosting companies protect customers and alert them immediately which would positively favor demand for cloud and hybrid solutions.

End-Use Insights

Applications sectors analyzed in the studyinclude BFSI, energy, oil &gas, telecom & IT, healthcare, manufacturing, public sector and utilities. BFSI sector organizations are adopting the cyber security solutions to report, monitor, detect and counter the cyber threats for maintaining the confidentiality of information and to increase productivity.

Several regulatory reforms and stringent government regulations are causing enterprises and organizations to address their internal control infrastructure. For example, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), healthcare organizations are required to ensure the portability of healthcare coverage and the privacy of patient records. It requires organizations to train employees to effectively follow privacy measures, designate one individual in the organization in charge of HIPPA compliance and implementation, and undertake considerable measures for limiting the disclosure of patient information such as securing electronic access to patient records.

Regional Insights

North America and Europe identity and access management market are expected to contribute considerably to the global share owing to the favorable regulatory scenario. The U.S. government has issued 400 regulatory policies related to cyber security, which is expected to propel growth across the region.

Asia-Pacific identity and access management market is anticipated to grow at a high rate due to the high deployment of IAM solutions and increased cyber threats on critical infrastructure.MEA region is also anticipated to gain traction with significant growth over the forecastperiod.

Competitive Insights

Companies dominating IAM marketshare include Amazon Web services, CA Technologies, OneLogin, Centrify, Oracle, Net IQ, ForgeRock Inc, Dell Software, HID Global Corporation, EMC Corporation, HP, and IBM.

Enhancingsecurity of critical data, scalability, ease of mobility, and smooth authentication &authorization are a few of the key strategies adopted by industryparticipantsin order to connect with cloud-based environment.

Industry participants are investing in R&D to invent new technologies for enhancing the network-basedsecurity.Strategic acquisitions and partnershipsare being adopted for business expansion.

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