According to Quadrant Knowledge Solutions study “Identity and Access Management (IAM) Market Outlook - Market Forecast, Trends, and Analysis Through 2020” the IAM market is expected to grow significantly in the next four to five years with a CAGR of 11.8% by 2020.
The Identity and Access Management market is expected to reach $7.89 billion by 2020. While the majority of revenues continue to come from software licensing, the cloud-based IAM solutions continue to post significant growth.
The Role of IAM would extend to controlling unsecured environments
The role of Identity and Access Management Solutions is extending in controlling unsecured environment. Until a few years ago, employees would access resources through equipment provided by the enterprise, for instance: laptop; but the advent of cloud-based applications on smartphones – which is now used for a lot of business related tasks – the scope of IAM is extending to monitor and secure these unsecured environments. Combining IAM features like Single Sign On (SSO), role-based access control and identity federation is an effective way for securing the multiple environments. In addition, increased mobility, rise of social media, and increasing information inflow has fostered the need for solutions that can handle these highly distributed identities.
Internet of Things (IoT) is transforming IAM Solutions and its frameworks
Growing adoption of IoT based smart devices are expected to transform the future of IAM solutions. Traditional people-centric IAMsystem is transforming to include identities of different entities including people, services and things within a single IAM framework. IoT applications are leading to a new approach to identity management called The Identity of Things (IDoT). IDoT involves assigning unique identifiers to the IoT devices (things) with an ability to connect and communicate with other entities (other devices, human, applications and services) over the internet.
Identity and Access Management (IAM) Market Outlook - Market Forecast, Trends, and Analysis Through 2020 is a part of Information & Communication Technology research of Quadrant Knowledge Solutions.
For more information about this market outlook research study, please write to [email protected]
Keywords: Identity and Access Management, IAM, Identity Management, Access Management, Internet of Things, IoT, Cloud Computing, Bring Your Own Devices, BYOD, Identity of Things, IDoT, Market Research, Market Structure, Market Size, Market Share, Competitive Strategy, Market Forecast, Key Trends, Market Drivers, Market Restraints, Market Challenges, Information and Communication Technology
For more information, please visit http://quadrant-solutions.com/. For available market research studies, please visit: http://quadrant-solutions.com/market-research.php
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth advisory services.
Our Strategic Business, and Growth Advisory services are organized specifically to help clients develop and validate strategies based on global mega trends, understand the business potential and untapped opportunities, and strategies for growth.
Our Market Research service is designed to satisfy your entire market intelligence requirement for all of your products and services in one customized package. Our experts can map your entire offerings and suitably recommend your custom Market Research package.
Market Research service provides details on Market Structure, Market Size, Market Share, Competitive Strategy, Market Forecast, Key Trends, Market Drivers, Market Restraints, Market Challenges, and such others