Summary
Security and risk professionals must protect corporate resources while giving secure access to a variety of users on a variety of devices. Identity and access management (IAM) software tools help digital businesses provide access to employees, partners, and customers without sacrificing security or user experience. We expect the global IAM software market to grow at an 11.3% compound annual growth rate (CAGR) over the 2016-to-2021 period. This forecast breaks out global growth by region (US, Europe, Asia Pacific, Latin America, and the rest of the world) and by 20 industry segments (chemicals; construction and engineering; consumer products; education and social services; financial services; government; healthcare; high-tech products; industrial products; insurance; media, entertainment, and leisure; oil and gas; pharma and medical equipment; primary production; professional services; retail; telecommunications; transportation; utilities; and wholesale). We examine growth in seven software subsets: web single sign on (SSO); identity-as-a-service (IDaaS); identity management and governance (IMG); consumer IAM (CIAM); two-factor authentication (2FA) and multifactor authentication (MFA); risk-based authentication (RBA); and privileged identity management (PIM).
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