Identity and Access Management Market reaches $ 18.30 Billion by 2019 – New Report by MarketsandMarkets
(PRWEB) February 17, 2015 -- The market research report "Identity and Access Management Market" studies and provides key players and analysts insights on various developments that are taking place in the identity and access management market space.
Browse 113 market data tables with 76 figures spread through 176 pages and in-depth TOC on "Identity and Access Management Market".
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Researchers expect the Identity and Access Management market to reach $18.30 billion in 2019. This represents a Compound Annual Growth Rate (CAGR) of 14.85% during forecasted period.
Identity and Access Management solutions are continually becoming a matter of necessity for organizations of all sizes which used to be a matter of choice in the past. Presently there is a surging need for organizations to opt for Identity and Access Management solutions because of growing enterprise mobility, continual increase in the number of cloud-based applications and growing regulatory compliance requirements.
The North American market is expected to lead the market share for Identity and Access Management. In the longer term emerging economies such as Asia Pacific and Middle East and Africa market are expected to have increased Identity and Access Management adoption. This is largely due to the fact that Small and Medium-sized Enterprises (SMEs) across these economies are growing at a rapid rate. Cloud adoption among SMEs is expected to act as a major driver behind increased adoption of Identity and Access Management solutions across a majority of verticals. Companies such as CA Technologies, Oracle, Dell-Quest Software, Microsoft, EMC and Amazon Web Services are key players in this market. Companies such as Okta, Covisint, Cross Ideas and many others are also coming up with innovative cloud Identity and Access Management solutions.
MarketsandMarkets has recently published its latest research report on the emerging Identity and Access Management Market which provides an overview of drivers, restraints and opportunities in the market. It also segments and forecasts the overall Identity and Access Management software market in terms of components, deployments, organization sizes, regions and verticals for the coming 5 years.
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