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SAN FRANCISCO, CA--(Marketwired - Feb 11, 2016) - The global identity and access management market is expected to reach USD 24.55 billion by 2022, according to a new report by Grand View Research, Inc. Increased spending by large scale enterprises and government organizations along with stringent regulatory compliances are expected to drive industry growth. Rise in web-based applications, risk management such as policy-based compliance and audit management combined with cost containment are the key factors driving demand. Additionally, growing popularity of connected devices, Bring Your Own Device (BYOD) and Internet of Things (IoT) are projected to positively impact the identity and access management market.
Growing innovation with interoperable technologies are enabling providers in building advanced solutions including secure print authentication and EV charging station access.
Browse full research report with TOC on "Identity And Access Management (IAM) Market Analysis By Deployment (Cloud, Hybrid, On-Premise ), ByEnd -Use (BFSI, Energy, Oil & Gas, Telecom &IT, Education, Healthcare, Public Sector & Utilities, Manufacturing)And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam
The global IAM market is expected to witness significant growth owing to surging demand across various application segments. Cloud-based and hybrid solutions are estimated to extend their footprints in the industry with enhanced security and minimize error rates features. Commoditization of identity functions and the explosion of available applications are expected to compel enterprises to seek more scalable options.
Further key findings from the report suggest:
Grand View Research has segmented the Identity and Access Management (IAM) market on the basis of deployment, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.