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Identity & Access Management (IAM) Market<br>
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Identity & Access Management (IAM) Market Set to Exceed USD 25.15 billion by 2026 | CAGR 12.1% “Identity and Access Management (IAM) Market [By Components (Directory Servers, Single Sign-On (SSO), Access & Authentication Management, Password Management); By Deployment (On-premise, Hybrid, Cloud); By End-use (Energy, Oil & Gas, Healthcare, IT & Telecom, Manufacturing, BFSI, Government); By Regions]: Market Size & Forecast, 2017 – 2026”
Identity Access Management Estimate & Forecast to 2026 According to a new study published by Polaris Market Research the global identity & access management (IAM) market is anticipated to reach USD 25.15 billion by 2026. The increasing adoption of connected devices, Bring Your Own Device (BYOD), Internet of Things (IoT) and audit management combined with cost control are the prime components boosting the market growth. Also, the growth in online applications and risk management compliance mandates are anticipated to impel the identity & access management market and thus it is projected to gain traction over the forecast period. The implementation of identity & access management systems has grown considerably in the last few years, inferable from the developing usage at enterprise level for unified checking and stringent government regulations to secure client information. The increase in occurrences of cyberattacks and rise in adoption of IoT (Internet of Things) are projected to drive the market. The absence of predefined set of rules and mandates in certain industries and concerns about cloud-based security is hampering the market development to a certain extent. Owing to the developing market for electronic security frameworks and various functionalities provided by IAM systems, the worldwide market is expected to grow at a high pace.
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Identity Access Management Market Estimate & Forecast to 2026 Identity access management market is projected to witness noteworthy development inferable from increasing interest throughout different application segments. Cloud and hybrid deployments are expected to gain adoption in the business due to improved security with decreased error rates. Growth in client interaction through physical, online networking, mobile, and different channels for monetary services has given way to enormous development to the IAM solution providers in the BFSI segment. Besides, the oil & gas and energy vertical is anticipated to develop at a significant growth rate amid the forecast years, attributable to innovative technology, for example, robotized framework and distributed computing among others. Browse Complete Report
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