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Cloud Identity and Access Management Market size to exceed $5bn by 2022

More Information @ http://bit.ly/2kFpmT4 IAM processes help in saving time across varied areas, such as reducing the time frame to approve access requests. In addition, they help in revenue generation by facilitating employees as well as contractors to gain access to desired resources. Additionally, enterprises produce reports for day-to-day security administration.

Cloud Identity and Access Management Market size to exceed $5bn by

Identity and Access Management Market forecast to grow at 15% CAGR from 2015 to 2022: Fractovia.org Identity & Access Management (IAM) market size is estimated to reach USD 26.74 billion by 2022; Identity and access management market share is poised to witness a double-digit growth (15% CAGR) over the coming five years, driven by the increasing demand for establishing secure access control infrastructure worldwide. Enterprises, both the government and privately owned, are adopting IAM technology vigorously, owing to the rising security needs pertaining to the information access by the right individual, at the right time and the right place. Moreover, adoption of this technology by various large and medium scale organizations to enhance their operating efficiency and performance will further influence the IAM industry share. According to the research by Global market insights, Inc; “Global identity and access management (IAM) market share is expected to surpass a revenue of USD 26 billion by 2022.” Strict regulations about secure access control for industries such as healthcare, pharmaceutical, financial services, energy, etc. will impact identity and access management industry size noticeably. Growing demand for native cloud application and superior network capabilities will be some of the major attributing factors for the identity and access management market growth. Public sector is likely to be the leading end-use segment of the global IAM market Education, energy, telecom & IT, BFSI, healthcare, oil & gas, manufacturing, public sector & utilities are some key end-users of the identity and access management industry. Banking, financial services, and insurance (BFSI) sector will positively influence IAM market size, owing to the growing need to protect consumer and institutional assets. Furthermore, education and healthcare sector are projected to contribute significantly towards the market growth over the coming five years. Government sector is estimated to lead the UAV application landscape Cloud-based IAM is anticipated to register a growth rate of 20% over the coming five years Cloud identity and access management market will witness an annual growth rate of 20% over the coming period of 2015-2022, which is driven by the various benefits offered by cloud-based IAM such as low cost, improved productivity, simplified management, and no hardware & software deployment. Additionally, cloud technology 1 | P a g e

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