Identity and access management: Key market research findings
- The Americas dominates the market geographically
- The large enterprises segment accounts for a majority share of the market revenue
- Key vendors – Citrix, Good Technology, IBM, MobileIron, and VMware
Technavio’s industry experts predict the global market for identity and access management to generate revenues of almost $22 billion by 2020. The growth of this market is fueled by the increasing need to improve operational efficiency. In an increasingly competitive market landscape, organizations choose IAM solutions to enhance operational efficiency and gain a competitive advantage. They adopt IAM solutions to detect and prevent fraud, analyze real-time and historical trends in business activities to identify high-risk areas, and ensure optimal performance. The global IAM market was dominated by the Americas with a market share of around 44% during 2015. The need to reduce operational costs, especially by SMEs, is the primary factor contributing to the increased adoption of IAM solutions in the Americas.
The new market research report from Technavio presents a breakdown and analysis of the IAM segments based on the end-user.
“The increased deployment of cloud computing in several enterprises has prompted vendors in the market to start offering IDaaS. This is a security verification infrastructure that is developed and controlled by a third-party service provider and allows employees access to cloud-based applications through a single sign-in process. IDaaS manages access to applications on premises as well as legacy on cloud applications,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
In 2015, the large enterprises segment accounted for more than 42% of the overall market revenue to become the key revenue generating vertical of the global market. The adoption of IAM solutions has increased because of the need to maintain data confidentiality and prevent data breaches. Large enterprises can be defined as enterprises having operations across multiple geographical locations, a workforce of more than 1,000, and revenues amounting to more than $100 million. Their diverse operations make them vulnerable to frequent attacks, making them the most prolific users of IAM solutions.
The key vendors in the global IAM market include Citrix, Good Technology, IBM, MobileIron, and VMware. The market is highly fragmented due to the presence of several small and large vendors. The vendors in this market compete based on the price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market is resulting in 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 Identity and Access Management Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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