Identity and Access Management Market Overview:
The Identity and Access Management market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Identity and Access Management Market, as well as the reasons for variations in the industry's growth between regions.
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Forecasted Growth in Revenue:
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.
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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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Identity and Access Management Market Key Companies:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Identity and Access Management market are as follows:
• 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
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Identity and Access Management market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Identity and Access Management Market:
Due to a break in operations, end-user sectors where Identity and Access Management are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Identity and Access Management manufacturers, impacting the growth of the Identity and Access Management market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Identity and Access Management.
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Key Questions Answered in the Identity and Access Management Market Report are:
In 2021, which segment owned the greatest share of the Identity and Access Management market?
What is the competitive landscape of the Identity and Access Management market?
What are the key factors influencing Identity and Access Management market growth?
In the Identity and Access Management market, which region has the most market share?
What will be the CAGR of the Identity and Access Management market over the forecast period (2022-2029)?
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