Identity and Access Management Market Overview:
The Identity and Access Management Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Identity and Access Management Market, as well as the causes for variances in the industry's growth in different areas.
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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Identity and Access Management Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
This Identity and Access Management market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research window sensors market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
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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The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Identity and Access Management market are
• CA Technologies
• One Identity LLC
• ForgeRock Inc.
• HID Global Corporation
• IBM Corporation
• Microsoft Corporation
• NetIQ Corporation
• Okta Inc.
• One Login Inc.
• Oracle Corporation
• Ping Identity
The region portion of the Identity and Access Management market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Identity and Access Management Market:
Following the outbreak of the pandemic, end-user sectors where Identity and Access Management are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Identity and Access Management manufacturers, influencing the growth of the Identity and Access Management market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Identity and Access Management from end-user businesses has decreased significantly.
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Key Questions answered in the Identity and Access Management Market Report are:
Which are the major companies in the Identity and Access Management market?
Which is the potential market for Identity and Access Management in terms of the region?
What are the opportunities for new market entrants?
What is expected to drive the growth of the market in the next seven years?
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