Identity and Access Management Market to See Strong Expansion Through 2026
August 18, 2022
August 18TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Identity and Access Management Market over the trend period from 2014 to 2019 and forecast period from 2022 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Identity and Access Management Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Identity and Access Management Market is no different. Derived from the previous market scenario, the Identity and Access Management Market is likely to witness an impressive CAGR of 14.3% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Identity and Access Management Market is segmented by–
- By Deployment Mode (Cloud, Hybrid, On-premise)
- By Component (Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management, Single Sign-On)
- By End Use (BFSI, Energy, Oil & Gas, Telecom & IT, Education, Healthcare, Public sector & utilities, Manufacturing, Others)
- By Region - COVID-19 Impact Analysis and Forecast to 2026
Key Players:
- Microsoft Corporation (US)
- Sailpoint Technologies, Inc. (US)
- Oracle Corporation (US)
- Dell Emc (US)
- IBM Corporation (US)
- Hitachi Id Systems, Inc. (Canada)
- CA Technologies (US)
- Micro Focus (Netiq Corporation) (UK)
- Centrify Corporation (US)
- Okta, Inc. (US).
Regional analysis:
By region, the North America market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to favorable regulatory scenario and initiatives. These initiatives include combating threats to critical infrastructure, offering more funding for enhanced security measures, and enforcing regulations to implement specific types of security practices in various government agencies as well as a private business, which bolsters the regional market growth during the review period.
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