An identity and access management (IAM) system in BFSI is a framework for business processes, which facilitates the management of electronic identities. This framework includes the technology, which supports identity and access management. IAM technology can be used to capture, initiate, record, and manage user identities and their access permissions through automation. This ensures that all individuals and services are properly authorized, authenticated, and audited.
Increase in need for compliance management, reduction of risk, and prevention of advanced insider threats in the BFSI sector drive the market. In addition, growth in demand for mobility solutions as well as rise in security concerns among BFSI sector propels the growth of the market. However, lack of effective identity and access management poses significant risks to compliance and to an organizations overall security, which limits the growth of the market. Furthermore, increase in adoption of cloud and SaaS applications in BFSI sector, emergence of hybrid cloud model, and expansion of the banking sector in emerging economies is expected to provide numerous opportunities for the market.
The identity and access management market in BFSI is segmented on the basis of deployment type, end user, size, and region. Deployment type segment covered in this study includes cloud and on-premise systems. Cloud systems are again bifurcated into public, private, and hybrid. Based on organization size, the market is divided into small & medium enterprises (SMES) and large enterprises. Based on component, the market is classified into directory services, password management, audit, compliance, and governance management, advanced authentication, provisioning, and single sign-on. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include IBM Corporation, Oracle Corporation, Hitachi ID Systems, Inc., Dell Technologies, CA Technologies, Micro Focus, Bitium, Inc., Okta, Inc., Centrify Corporation, and Core Security SDI Corporation.
- The study provides an in-depth analysis of the global identity and access management market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities is provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Identity And Access Management Market Key Segments:
By Deployment Type
By Organization Size
- Small & Medium Enterprises (SMES)
- Large Enterprises
- Directory Services
- Password Management
- Audit, Compliance, and Governance management
- Advanced Authentication
- Single Sign-On
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled In The Report
- IBM Corporation
- Oracle Corporation
- Hitachi ID Systems, Inc.
- Dell Technologies
- CA Technologies
- Micro Focus
- Bitium, Inc.
- Okta, Inc.
- Centrify Corporation
- Core Security SDI Corporation.