According to Stratistics MRC, the Global Identity & Access Management market is estimated for $7.94 billion in 2016.

GAITHERSBURG, MARYLAND, US, May 3, 2017 /EINPresswire.com/ -- According to Stratistics MRC, the Global Identity & Access Management market is estimated for $7.94 billion in 2016 and is expected to reach $20.87 billion by 2022 growing at a CAGR of 14.8% during the forecast period 2016 to 2022. Burgeoning prominence of compliance management and growing trend for mobility has given prominent importance for Identity and Access management. Moreover, Internet of Things (IOT), Bring Your Own Device and popularity of connected devices are estimated to drive the market in future scenario, whereas the threat of cyber attack or cyber crime is hampering the market growth.

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Audit, Compliance, and Governance segment in component is expected to grow at highest CAGR on account of rising concern over theft and data breaches of valuable information. In addition to this the Public Sector and Utilities segment in end-user is expected to have significant growth with relatively good CAGR due to its deployment of solution for market through automated solutions. By region, North American market is estimated to dominate the market and Asia Pacific market is expected to grow at highest CAGR, attributing to the funding and supporting local initiatives related to digital world.

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Some of the key players of the Identity & Access Management market include Amazon Web Services, CA Technologies, Centrify Corporation, Dell Emc, ForgeRock Inc., Hewlett Packard, HID Global Corporation, Hitachi Id Systems, Inc., IBM Corporation, Intel Corporation, McAfee, Microsoft Corporation, NetIQ Corporation, Okta, Inc., OneLogin Inc., Open IAM, Oracle Corporation, Sailpoint Technologies, Inc., SecurIT and Siemens.

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