The Global Personal Identity Management Market is estimated to grow at a CAGR of 16.5% during the forecast period. Personal Identity management’s major purpose is to ensure that only authenticated users have access to the applications, systems, or IT environments for which they have been permitted access. Controlling the process of granting system or network permissions for existing users, as well as offboarding users who are no longer authorised to access organisation systems, are all part of identity management. Identity management determines if a user has access to systems and establishes the level of access and permissions that a user has on those systems.
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Users are often given more access privileges than they require to complete their tasks in many businesses. Attackers can get access to an organization’s network and data by using hacked user credentials. Organizations can protect their organisational assets with identity management against a variety of risks, including hacking, ransomware, phishing, and other malware attacks.
Cybercrime, which is gradually expanding with enhanced communications in many information technology sectors, is one of the primary drivers driving the market growth. Companies are seeking several measures to overcome cybercrime, such as hacking, virus/worms, bank robbery, pornography, credit card fraud, and so on. Furthermore, governments have enacted laws and regulations relating to personal data security and cybercrime, which are helping to boost the market’s prominence in numerous industries. Furthermore, the growing popularity of IoT (Internet of Things) across a variety of industries, including banking, IT & telecom, retail, energy & power, has made devices and applications more vulnerable to cyberattacks, which is expected to boost the global personal identity management market significantly.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
o By Deployment Type
o By Industry Vertical
o By Service
- Competitive Landscape: IBM Corp., Vmware, Inc., Ca Technologies, Microsoft Corp., Oracle Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Personal Identity Management Market by Segments,
By Application
- Content management
- Access control
By Deployment Type
- Cloud
- On-premises
By Industry Vertical
- IT and telecom
- Banking, financial services, and insurance (BFSI)
- Energy and utilities
- Consumer goods and retail
- Others (manufacturing, education, public sector, media and entertainment)
By Service
- Professional services
- Managed services
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
