Identity and Access Management Market Size, Share Industry Analysis by Future Demand, Top Players, Opportunities, Revenue and Growth Rate

Identity and Access Management Market was worth US$ 17.14 Bn in 2022 and total revenue is expected to grow at a rate of 13.21% CAGR from 2023 to 2029, reaching almost US$ 40.87 Bn in 2029.

Identity and Access Management Market Overview

The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Identity and Access Management Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc. 

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Identity and Access Management Market Report Scope and Research Methodology

The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Identity and Access Management market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Identity and Access Management market. To understand Identity and Access Management market estimations and growth rates, a bottom-up approach was used in the report.

Regional analysis of the Identity and Access Management market was conducted at a local, regional and global level to understand the Identity and Access Management market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Identity and Access Management market such as stakeholders, investors and new entrants used to develop marketing plans and investments. 

The primary and secondary data methods were used for the data collection for the Identity and Access Management Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Identity and Access Management Market

Identity and Access Management Market Regional Insights

The Identity and Access Management market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Identity and Access Management market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions. 

Identity and Access Management Market Dynamics:

The Consumer Sentinel Network, which is run by the Federal Trade Commission (FTC), keeps track of consumer fraud and identity theft reports filed with both public and commercial organisations as well as federal, state, and local criminal enforcement agencies. Of the 3.2 million identity theft and fraud reports received in 2022, 1.7 million involved fraud, 900,000 involved other consumer concerns, and 651,000 involved identity theft. In 2022, consumers reported losing more than 1.9 billion USD as a result of fraud, a USD 293 million increase from the prior year. The average sum paid in these circumstances was USD 320. The FTC’s top ten fraud categories were ranked, and imposter schemes came in #1 as the fraud kind that was most frequently reported of all. They caused an overall loss of USD 667 million. Identity

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 dominated the identity and access management market in 2022 with over 30% in sales. 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.

The market is divided into two sub-segments: Cloud and On-Premise, based on development type. In 2022, on-premise solutions will dominate the market. generating over 53.0% of total revenue. 

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Identity and Access Management Market Key Players

1. CA Technologies
2. Centrify
3. One Identity LLC
4. ForgeRock Inc.
5. HID Global Corporation
6. IBM Corporation
7. McAfee
8. Microsoft Corporation
9. NetIQ Corporation
10.Okta Inc.
11.One Login Inc.
12.Oracle Corporation
13.Ping Identity
14.SecureAuth
15.Evidian
16.Intel Corporation
17.Salesforce
18.Broadcom
19.Ubisecure
20.CyberArk
21.SAP
22.SailPoint Technologies
23.Saviynt
24.SecureAuth Corporation

Key questions answered in the Identity and Access Management Market are:

• What is Identity and Access Management?
• What was the Identity and Access Management market size in 2022?
• What is the growth rate of the Identity and Access Management Market?
• Which are the factors expected to drive the Identity and Access Management market growth?
• What are the different segments of the Identity and Access Management Market?
• What are the factors restraining the growth of the Identity and Access Management Market?
• What is the demand pattern of the Identity and Access Management Market?
• What major challenges could the Identity and Access Management Market face in the future? 

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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