According to a new research study, the identity and access management market will grow from $7.2 Billion USD in 2015 to $12.78 billion USD in 2020, forecasting an expected Compound Annual Growth Rate or CAGR of 12.2%. This is rather astonishing that the information security industry has recognized the importance of this unique field to improve security and comply with regulations. Information security is no longer about just perimeter security and hackers, but is also about providing access to authorized individuals quickly, monitoring their activities, and complying with identity management regulations.
The research report divided the identity and access management solutions market by organization size, deployment, vertical, region, and the following categories:
Affordability of resources and high economies of scale have allowed large enterprises to leverage the benefits of IAM solutions. Moreover, the availability of highly skilled IAM experts in a multitude of specialized areas has enabled companies to hire experts for different areas of IAM security and to help them better manage access to enterprise resources and data and ensure compliance with privacy laws.
Other major factors contributing to the identity and access management market growth include:
Industries and sectors which will fuel demand for the identity access management solutions include:
The market remains competitive due to the entry of new players with innovative solutions. Large vendors in the identity and access management market include IBM, Microsoft, Hitachi, Dell Software, EMC Corporation, Okta, and Centrify.
Identity and Access Management Experts
Identity Management Institute (IMI) is the only vendor-neutral organization dedicated to providing training, certification, and courses for the identity and access management industry and employees. The certified experts at IMI are global members who focus on a variety of disciplines in identity and access management such as deployment and implementation, governance, access management, and identity lifecycle.
Visit IMI to learn about identity and access management market certifications or order a training course for your employees and customers which may cover identity theft protection, compliance with the Red Flags Rule, or best practices in identity and access management.