Identity and Access Management Market to Exhibit Stellar CAGR of 14.5% by 2028; CyberArk Expands Identity Security Solution on Amazon Web Services Market to Bolster Growth

The global identity and access management market size was USD 12.26 billion in 2020. The market is projected to grow from USD 13.41 billion in 2021 to USD 34.52 billion in 2028 at a CAGR of 14.5 % in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Identity and Access Management Market Size, Share and COVID-19 Impact Analysis By Component (Provisioning, Directory Service, Single Sign-On, Password Management, Advanced Authentication, Audit, Compliance and Governance, Others (access management and authorization, verification etc.) ), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Vertical (BFSI, Telecom and IT, Retail and Consumer Packed Goods, Government, Energy Utilities, Education, Manufacturing, Healthcare and Life Sciences, Others ) And Regional Forecast 2021-2028.”

According to our analysts, block-chain-based IAM systems helps in declining the price and functioning threats by eradicating intermediaries, data and duplicate identity sources. Such growing implementation of blockchain technology is anticipated to flourish the demand for IAM systems in the forthcoming period.

COVID-19 Impact: Increasing Demand for Individuality Security Solutions to Open Market Break

Implementation of bring your own device (BYOD) method has augmented identity and privacy worries and is expected to sustain the market growth. Owing to the arrival of industry 4.0, identity and access management solutions are presented for machines in 2020, and this has empowered these organizations to administer individualities of RPA bots, containers, IoT devices, and virtual machines, among others. Owing to the COVID-19 pandemic, companies have acknowledged the welfares of IAM solutions, therefore in the long term, the market is projected to grow extraordinarily.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/identity-and-access-management-market-100373

ForgeRock Opens Identity Cloud for Sale on Google Cloud

ForgeRock, who is a forerunner in digital identity, declared that Identity Cloud medium, owned by the company, is accessible for buying on the Google Cloud Marketplace. This collaboration has intensified the tactical association of the company with Google Cloud. By enabling the purchase of ForgeRock on Google Cloud Marketplace, consumers will be profited from profounder product amalgamation, combined promoting and an extended connection to suffice their requirements even better across the globe.

The Identity Cloud by ForgeRock is among the principal and only all-inclusive identity mediums to be made obtainable on the Google Cloud Marketplace. This empowers combined consumers to assimilate one of the most influential identity solutions into their prevailing infrastructure while transferring a fragment of their dedicated financing with Google Cloud.

As per the latest survey steered by Forrester Consulting in support of ForgeRock and Google Cloud, over 50% of organizations intend to implement or magnify their usage of fusion cloud and multi-cloud within the following two years. Similarly, by adding ForgeRock to the Google Cloud Marketplace, the Google Cloud consumers have received the capability to control a solo medium throughout their hybrid IT setting for all of their identity requirements, encompassing cloud safety and protecting cloud & on-premises executions rapidly and effortlessly.

Rising Safety Distress among Administrations to Drive Market Growth

Increasing cybercrimes and duplicitous activities due to prompt implementation of cloud and parallel developing technologies across administrations have encouraged organizations to integrate identity and access management systems.

Additionally, IAM influences identity analytics and intelligence to survey strange happenings from handler account. It empowers to detect rule defilements, removal of inactive accounts and eliminate unsuitable access liberties. Such increasing identity and safety apprehensions across organizations are projected to navigate the identity and access management market growth during the forecast period.

Industry Development

• June 2021: CyberArk, which is an identity security supplier, extended its identity security solutions on the amazon web services market. CyberArk identity security SaaS-based solutions can be opened by AWS consumers, and this development can be credited to this expansion.

List of Key Players Covered in this Market Report

• Amazon Web Services Inc. (Washington, U.S.)


• Akamai Technologies (Massachusetts, U.S.)


• HP Development Company L.P. (California, U.S.)


• Microsoft corporation (Washington, U.S.)


• Oracle Corporation (Texas, U.S.)


• IBM Corporation (New York, U.S.)


• ForgeRock (California, U.S.)


• Thales Group (Paris, France)


• Avatier (California, U.S.)


• Symantec (Arizona, U.S.)


• Beta Systems (Berlin, Germany)


• CA Technologies (New York, U.S.)


• Centrify (California, U.S.)


• CyberArk (Massachusetts, U.S.)


• Core Security (Massachusetts, U.S.)


• Crossmatch (Florida, U.S.)


• Fischer Identity (Florida, U.S.)

Further Findings

• The healthcare and life-science segment is anticipated to display maximum growth owing to the escalating adoption of IAM solutions.


• North America held the maximum identity and access management market share and is anticipated to lead the market in 2020.

Table of Segmentation