The $3Bn Identity and Access Management Market in Asia Pacific, 2024 - Experiencing a CAGR of 15% from 2019
Category: #tech  By Partha Ray  Date: 2019-09-20
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The $3Bn Identity and Access Management Market in Asia Pacific, 2024 - Experiencing a CAGR of 15% from 2019

According to the Graphical Research new growth forecast report titled “Asia Pacific Identity and Access Management (IAM) Market Size By Solution (Provisioning, Password Management, Directory Services, Advanced Authentication, Single Sign-on, Audit, Compliance and Governance), By Deployment Model (On-premise, Cloud), By Application (BFSI, IT & Telecom, Healthcare, Education, Public Sector and Utilities, Manufacturing, Retail)”, Estimated to Exceed USD 3 Billion By 2024. The rising number of data breaches witnessed by organizations is a major factor responsible for the rapid adoption of IAM solutions. Countries including India and China are the key centers of data breaches with around 39 million data records being stolen in India since 2013 and 35 million in China. Hence, enterprises residing in this region are more focused on improving their digital relationship by connecting trusted employees and users to trusted applications, thereby preventing fraudulent access.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1131/sample

The single sign-on solution is expected to grow at a CAGR of over 15% in the Asia Pacific IAM market. The combination of single sign-on with IAM assists in improving organizations’ productivity and augmenting user experience by enabling the users to access their applications from a single location coupled with a single set of credentials.

The public sector and utilities application dominate the APAC IAM market with a market revenue projected to cross USD 1 billion by 2024. The water and energy power utilities are witnessing persistent cyber threats, such as DDOS and ransomware attacks, leading to large damages due to the disruption of industrial power provision, public to business disruptions, and revenue & information loss or damage to assets. Hence, IAM solutions are largely being adopted by the public sector domain to reduce cyber threats and serve a satisfied customer base.

The Asia Pacific IAM market includes multinational companies as well as pure IAM providers, offering niche products and services. The leading players functioning in this market include CA Technologies, Oracle Corporation, Microsoft Corporation, Okta, and IBM Corporation.

As the Asia Pacific IAM market portrays tremendous growth opportunities, various domestic and multinational companies are expanding their business offerings in this region. Some of the major companies include Oracle, IBM Corporation, Microsoft Corporation, Infosys, HCL Technologies, and SailPoint Technologies.

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1131/apac-identity-and-access-management-market

Segments we Cover:

Asia Pacific IAM Market Statistics, By Solution

  • Provisioning
  • Password Management
  • Directory Services
  • Advanced Authentication
  • Single Sign-on
  • Audit, Compliance, and Governance

Asia Pacific IAM Market Trends, By Deployment Model

  • On-premise
  • Cloud

Asia Pacific IAM Market Analysis, By Application

  • BFSI
  • IT & Telecom
  • Healthcare
  • Education
  • Public Sector and Utilities
  • Manufacturing
  • Retail
  • Others

Related Reports:

Europe Testing Inspection And Certification Tic Services Market : https://www.marketwatch.com/press-release/what-is-the-future-of-europe-testing-inspection-and-certification-tic-services-market-2019-09-19

Lamea Endpoint Security Market : https://www.marketwatch.com/press-release/lamea-endpoint-security-market-2018-evolving-technology-trends-and-industry-analysis-to-2024-2019-09-19

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected] 
Web: https://www.graphicalresearch.com

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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