Personal identity management: Key market research findings
- Rising instances of high-profile data breaches
- Increase in malware removal
Technavio has released a new market research report on the global personal identity management market, which is expected to generate revenues of $4.5 billion between 2016 and 2020. The growing personal and professional use of mobile devices has paved for better mobile security. Rise in the number of mobile security attacks has resulted in the augmented adoption of identity management solutions as it helps to protect mobiles from unauthorized access. The Americas is the largest revenue-contributing region in the personal identity management market, owing to the high occurrence of cyber-attacks.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Rising incidences of high-profile data breaches is propelling the growth of personal identity management market. With the rapidly changing IT environment, attackers have found new ways to access valuable information. This increased dependency on web applications will lead to an unprecedented rise in cyber-attacks, which includes advanced persistent threats (APTs). To avoid instances of such advanced threats, enterprises from across the globe are implementing identity management solutions, such as unified threat management (UTM) solutions, to help protect sensitive data,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
Of late, the consumers are switching from PCs to mobile devices like smartphones, which demand a high level of protection from malware threats. An increase in the number of online transactions has also led to an increasing demand for improved and advanced versions of personal identity management software for better protection against cyber-attacks. Personal identity management providers are shifting their focus from offering basic identity administration to identity protection, which includes advanced functionalities such as intelligence security applications.
The key vendors in the global personal identity management market include Citrix, Good Technology, IBM, MobileIron, and VMware. This market is highly fragmented because of the presence of numerous small and large vendors. The providers in this market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market has led to an increase in the number of mergers and acquisitions, wherein smaller entities are being acquired by major players.
A more detailed analysis is available in the Technavio report, Global Personal Identity Management Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Identity and Access Management (IAM) Market 2015-2019
- Global Privileged Identity Management Market 2015-2019
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