Global ID Technologies Market

[Aarti Ghodke]

Global ID Technologies Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

 

Global ID Technologies Market

 

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The report covers an in-depth analysis of COVID-19 pandemic impact on Global ID Technologies Marketby region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.

Global ID Technologies Market Dynamics:

 

Identity management comprehends thetechnologies and processes towhich makes it possible to efficiently and accurately deliver secure access to the systems for the authorized usersat any point of time from any device. Identity and access management has become keystone of each and every sector of thebusiness. It includes increased use of biometrics, edge computing with IoT devices, and blockchain technology in cloud services.

 

Seamlessly, provide a fool-proof way for devices to use specialized biometrics to recognise individuals.One of the megatrends is to integrate biometrics more thoroughly by fingerprints, retinal scans, and facial recognitionto better identify authorized users. Adoption of identity technologies across the organizations to reduce the complications for managing access control and compliance for the employees.

 

Moreover, bring your own device (BYOD) is one of the major factor driving the identification technologies market. The employees are very much familiar with their own devices which lead to the reduction in time required to finish it off within deadline and boosts productivity. IT departments must address to secure personal systems and governthe access levels across the organizations. The defined BYOD security policy must be provided to employees by the businesses to streamline the digital flow and emergence of advanced technologies. Rising cyber-attacksare expected to fuelthe market over the forecast period.

 

The corporate data breaches are a frequent occurrence to which many government and large scale business networks have been effectively targeted by cybercriminals.The companies are focusing on to secure employee identification and access to prevent the data exposure and insider attacks when credentials are stolen or lost. However, factors such as budgetary constraints such as high installation cost coupled with maintenance costs and for deployment of IAM solutionsand lack of knowledge about the solutions pose arestraint for the market growth over the forecast period.

 

Global ID Technologies Market is segmented by component, by deployment, industry vertical, organization size and by region. By component, solution isanticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the hosting of multiple domains or websites.

 

Single Sign-on is the leading segment among the solutions owing to the increased number of applications and services to which enterprises has been providing multiple third party integrations such as Sharepoint, Microsoft 365, AWS, Zscaler and amongst others.By deployment, cloud-based held the highest market share in 2019 due to the reduced costs and no need of deployment with simplified management.Moreover, it can be accessed remotely from anywhere.

 

The growth of the cloud-based applications is due to the penetration of internet-of-things applications. For instance, Ping Identity has acquired Elastic Beam that results in securing API infrastructures in private and public clouds coupled with artificial intelligence.By industry vertical, banking financial services and insurance segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. This is because of the rising financial frauds which results data leaking of the sensitive and confidential information.

 

For instance, National Stock Exchange-IT (NSEIT) has acquired Aujas Networks Ltd., that will offer next level of cybersecurityplatforms and services to rectify emerging security threats.By organization size, large organization segment held the largest market share due to the large investments on requirements on the identification and access management solutions and services.

 

By geography, global ID technologies market is segmented into North America, APAC, Europe, MEA& Africa and South Africa. Among these,North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major IT and software market players in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing digitization across the enterprises and rapid adoption of IoT, cloud computing, artificial intelligence.

 

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

 

The objective of the report is to present a comprehensive analysis of the Global ID Technologies Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants.

 

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global ID Technologies Market dynamics, structure by analyzing the market segments and project Global ID Technologies MarketClear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global ID Technologies Market the report investor’s guide.

Scope of Global ID Technologies Market: Inquire before buying

 

Global ID Technologies Market, by Component

 

• Solution

o Multifactor Authentication

o Single Sign-On

o User Lifecycle Management

o Compliance and Governance

o Directory Management

o Others

• Services

o Integration

o Support & Maintenance

o Consulting

Global ID Technologies Market, by Deployment

 

• On-Premise
• Cloud-based

Global ID Technologies Market, by Industry Vertical

 

• Banking Financial Industry Vertical and Insurance
• Healthcare and Life Sciences
• IT and Telecommunication
• Energy and Utilities
• Manufacturing
• Transportation
• Retail
• Education
• Government & Defence
• Others

Global ID Technologies Market, by Organization Size

 

• Large Enterprises
• Small Medium Enterprises

Global ID Technologies Market, by Region

 

• North America
• APAC
• Europe
• MEA& Africa
• South Africa

Global ID Technologies Market Major Players

 

• SailPoint Technologies Holdings, Inc.
• CyberArk Software Ltd.
• Centrify Corporation
• Dell
• IBM Corporation
• Microsoft Corporation
• ForgeRock
• Broadcom
• HID Global Corporation (Crossmatch)
• MTI Technology Limited
• iWelcome
• Thales
• Okta, Inc.
• Oracle
• Ping Identity
• Saviynt Inc
• SecureAuth Corporation
• OneLogin, Inc.
• Micro Focus

For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-id-tech...

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