Identity and Access Management Market worth $20,050.0 Million by 2018 - New Report by MicroMarket Monitor
(PRWEB) June 04, 2014 -- Data in all forms owned by enterprises is very sensitive and must be handled only by authorized personnel. There always exist risks of data being misused or becoming corrupted due to unauthorized access. This risk has given rise to the Identity and Access Management market. Identity and Access Management policies refer to the integrated comprehensive system which acquires, stores, and manages user identities, and accordingly allows access to users. The Identity and Access Management system also helps to track movement of the identities on the network, thus making it easy to scrutinize user movement on the network.
The major players in this market include companies such as C.A Technology, Oracle, IBM, Microsoft, and Dell software, among others. These companies provide solutions like provisioning, directories, SSO, advanced authentication, password management, audit compliance, and governance. The global Identity and Access Management market in 2013 generated $12,160.0 million in revenue, and is expected to hit $20,050.0 million by 2018, growing at a CAGR of 10.5%.
Browse through the market data tables, figures and detailed ToC on the “Identity Access Management Market”.
Related Reports
European Identity Access Management Market
The European market has been a playground for advanced technological developments. The European region has very recently adopted tactical changes in their IT strategies, which include the growth of the European Identity and Access Management market. Moreover, governments in European countries have been expected to enforce cloud and network policies regarding data access, which helps boost growth in the European Identity and Access Management market. The European Identity and Access Management market was valued at $1,456.8 million in 2013, and is expected to reach $2,679.4 million by 2018, at an expected CAGR of 13.0%. This market contributed 28.38% to the global market in 2013. Major players in this market include C.A. Technology, Oracle, IBM, Microsoft, and Dell Software, among others.
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North American Identity Access Management Market
Governments in the North American region have constantly been issuing new rules concerning corporate governance and data sharing, which has given rise to a massive need for advanced Identity and Access Management systems. The North American region has also seen a high level adoption of cloud and SAS technologies, which need access management of a very high degree, thus further fueling the market. The North American Identity and Access Management market reported the revenue of $2,041.4 million in 2013, which is expected to hit $3,233.9 million by 2018, at a CAGR of 9.6%. This market contributes to 39.77% of the global market in 2013. The top players in this market are companies such as C.A. Technology, Oracle, IBM, Microsoft, and Dell Software, among others.
Asia Pacific Identity Access Management Market
The Asia-Pacific region has been the epicenter for massive developments in the high speed network and connectivity sectors. The boost in these sectors would spike great demand for Identity and Access Management solutions as the number of users for cloud access would increase exponentially. The Asia-Pacific Identity and Access Management market is expected to grow at a CAGR of 22.7%, and generate the revenue of $2,618.4 million by 2018 as compared to revenues worth $ 940.1 million earned in 2013. This market contributed 18.32% to the global market in 2013, and is poised to grow to 25.21% by 2018. The key solution providers in the Asia Pacific region are companies like C.A. Technology, Oracle, IBM, Microsoft, and Dell Software, among others.
Latin American Identity Access Management Market
The Latin American region comprises some of the fastest-growing economies of the world. These nations have been focusing a great deal on technological advancements such as cloud, mobility, BYOD, and so on. These technologies form the fuel for the growth of the Identity and Access Management market, as the need for Identity and Access Management solutions is directly linked to these industries. The Latin American Identity and Access Management market is expected to grow at an expected CAGR of 20% through 2018. Further, Latin American nations have been one of the few nations of the world who have not reduced their IT spending during the recent years of economic slowdown, which suggest a potential for growth in the coming years. The revenue reported for the Identity and Access Management market in the Latin America region in 2013 was $ 297.4 million, which is expected to hit $739.9 million by 2018. This market contributed to 5.79%of the global market in 2013, and is poised to grow to 7.12% by 2018. The top players in this market, such as C.A. Technology, Oracle, IBM, Microsoft, and Dell Software provide advanced Identity and Access Management solutions.
Middle East & Africa Identity Access Management Market
The Middle East and African region has been known for the availability of low cost variants of smart devices which provide mobile connectivity. This has led to a missive spike in the number of users on cloud-based networks, thus making it necessary to put forth various data access protocols. This, in turn, has provided great impetus for growth in the Middle East and Africa Identity and Access Management market. The Middle East and African Identity and Access Management market reported the revenue of $397.1 million in 2013. The trend in the market shows that the Middle East and Africa Identity and Access Management market is growing at a CAGR of 23%, and is expected to become a $1,116.5 million market by 2018. Further, this region has seen high levels of penetration in cloud-related technologies, which again help boost the Middle East and Africa Identity and Access Management market. This market contributed to 7.74% of the global market in 2013, and is poised to grow to 10.75% by 2018. The top Identity and Access Management solutions providers in this market are C.A. Technology, Oracle, IBM, Microsoft, and Dell Software.
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