"Personal Identity Management Market by Application (Access Control and Content Management), Service (Professional Services and Managed Services), Deployment Type (On-Premises and Cloud), Vertical, and Region - Global Forecast to 2021"
[127 Pages Report] The Personal Identity Management market size is estimated to grow from USD 7.37 Billion in 2016 to USD 12.76 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 11.61%.
The report aims at estimating the market size and future growth potential of Personal Identity Management across different segments, such as applications, service, vertical, and regions. The base year for the study is 2015 and the market size is considered to be 2016 to 2021. The objective of the study is to define, describe, and forecast the Personal identity management market on the basis of applications, service types, verticals, and regions. It also analyzes recent developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the global market.
The research methodology used to estimate and forecast the market begins with collection and analysis of data on key vendor revenues through secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors, and Executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.
To know about the assumptions considered for the study, download the pdf brochure
The Personal Identity Management ecosystem comprises identity management vendors such as IBM Corporation (U.S.), VMware (U.S.), CA Technologies (U.S.), Microsoft (U.S.), and Oracle (U.S.); deployment service providers such as OneLogin (U.S.), IBM Corporation (U.S.) and Microsoft (U.S.); system integrators such as Centrify (U.S.), Sailpoint (U.S.), and CA Technologies (U.S.); and various consulting firms such as Accenture (U.S.), Deloitte (U.S.), and Ernst & Young (U.K.) sell these Personal Identity Management solutions to end users to cater to their unique business requirements and security needs.
Key Target Audience
• Security solution vendors
• Security service providers
• System integrators
• Consulting firms
• Research organizations
• Resellers and distributors
• Technology partners
“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.
North America is expected to have the largest market size and would dominate the market during the forecast period. Increasing penetration of the internet and smart & connected devices has led to growing security needs. Also, rapid economic growth in the developing APAC countries along with improving regulatory reforms and economic stability are driving the growth of the Personal identity management market in the region. In Latin America, SMEs as well as enterprises belonging to a range of verticals such as public utilities and many others are expected to increase investments in Personal Identity Management applications.
Lack of trust in IDaaS providers and apprehensions regarding the existing defense mechanisms are few of the important restraints to the growth of the market.
The increasing adoption of cloud and mobile devices is expected to provide great opportunities to the Personal Identity Management solution vendors to grow in the years to come. There are several established players in this market such as IBM Corporation (U.S.), VMware (U.S.), CA Technologies (U.S.), Microsoft (U.S.), Oracle (U.S.), and others. To further strengthen their position in the market, the major vendors have opted to strengthen their product portfolio by launching new products and services in the past five years.
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