New Analysis from Global Industry Analysts Reveals Robust Growth for IAM Security Services, with the Market to Reach $23.9 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "IAM Security Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 31168
Companies: 10 - Players covered include Amazon Web Services, Inc.; CA Technologies, Inc.; Centrify Corporation; HID Global Corporation; IBM Corporation; Microsoft Corporation; NetIQ Corporation; Okta, Inc.; Oracle Corporation; SailPoint Technologies Holdings, Inc.; Symantec Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use Vertical (BFSI, Telecom & IT, Public Sector & Utilities, Education, Healthcare, Energy, Manufacturing); Type of Deployment (On-premise, Hybrid, Cloud-based); Type of Solutions (Identity Cloud, Identity Governance, Access Management, Directory Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global IAM Security Services Market to Reach $23.9 Billion by 2026
Amid the COVID-19 crisis, the global market for IAM Security Services estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$23.9 Billion by 2026, growing at a CAGR of 12.8% over the analysis period. Identity Cloud, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$9.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Identity Governance segment is readjusted to a revised 12.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.9 Billion in 2021, While China is Forecast to Reach $4.2 Billion by 2026
The IAM Security Services market in the U.S. is estimated at US$3.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2026 trailing a CAGR of 12.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Access Management Segment to Reach US$6.4 Billion by the year 2026
In the global Access Management segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$5.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.