Sep 13, 2019 (Reporthive Research via COMTEX) -- The global IAM market is valued at 12800 million USD in 2017 and is expected to reach 28600 million USD by the end of 2023, growing at a CAGR of 14.3% between 2017 and 2023.
The IAM Market research report includes historical and predictable market data, demand, application details, price trends and company shares of the leading IAM industry by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Additionally, growing popularity of connected devices, Bring Your Own Devices (BYOD) and Internet of Things (IoT) are projected to positively impact the market. Surging demand for intensive R&D has led to the development of sophisticated high-end products, which are delivered for ease-of-use and to provide control to meet process requirements.
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Identity and access management (IAM) is a framework for business processes that facilitates the management of electronic or digital identities. The framework includes the organizational policies for managing digital identity as well as the technologies needed to support identity management.
The market is primarily driven by the increase in security concerns among organizations and the demand for mobility solutions. Moreover, rise in awareness about compliance management across various industries has driven the adoption of identity & access management solutions for security purposes.
Key players covered in this report:
Hitachi ID Systems, Inc.
Market Segment by Type, covers: