Global Identity and Access Management (IAM) Market 2015-2019 with CA Technologies, Dell, Emc2, IBM, Oracle & Symantec Dominating

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Jul 09, 2015, 10:31 ET

DUBLIN, July 07, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/wzp6mn/global_identity) has announced the addition of the "Global Identity and Access Management (IAM) Market 2015-2019" report to their offering.

The Global Identity and Access Management market to grow at a CAGR of 12.9% over the period 2014-2019

IAM is a solution that helps end-users to ensure that access across multiple technological environments is granted only to the right individuals. IAM solutions provide secure, identity-based access to various systems, applications, and information from any location. IAM solutions help enterprises manage security across various systems by permitting employees access with a single sign-on password. Thus, IAM solutions are able to avoid fraudulent activities, thereby preventing the misuse of data. Hence, IAM solutions are being widely adopted by large and medium-scale enterprises as well as government departments.

Vendors are increasingly offering SaaS-based IAM solutions to increase their market share and they are gaining in popularity. These solutions offer benefits such as low initial investment and pay-per-use models.

According to the report, increased demand from the BFSI sector is one of the key drivers of the market. This sector holds critical customer data; therefore, it needs a high level of security. Organizations in the BFSI sector adopt IAM solutions to reduce IT management costs, increase productivity, and ensure compliance.

Further, the report states that IAM solutions come with high implementation costs, such as the cost of obtaining licenses, system design and customization, implementation, training, and maintenance. The implementation takes a long time and changes after implementation drive up the cost even more.

To calculate the market size, the report considers revenue generated from the sales of the following deployment models: