Scienza e Tecnologia
Identity and Access Management Market Worth $ 29.79 Billion, Globally, by 2027 at 13.21% CAGR: Verified Market Research
https://www.verifiedmarketresearch.com/download-sample/?rid=2726
on Identity and Access Management Market
Increased spending on security solutions by government bodies and large-scale enterprises to curb identity theft and to adhere to regulatory compliance are the prominent factors expected to boost the growth. For instance, in case of the healthcare sector, as per the Health Insurance Portability and Accountability Act of 1996 (HIPAA), organizations are required to ensure portability of healthcare coverage and privacy of patient records. Additionally, increasing need for IAM for IoT further propel the market growth. The role of IAM in IoT is expanding like never before. IAM is focused on identifying people and managing access to different data types (like sensitive data, non-sensitive data, or device data). IAM helps in identifying devices while also managing user access to data, thus safeguarding against breaches and malicious activities. IoT introduces the need to manage exponentially more identities than what the existing IAM systems are required to support. IAM in IoT offers multiple benefits to provide a secure environment for users, such as how a user will manage access to all the connected things and the information they hold and how they will control which people or devices are allowed to do what. Therefore, IAM solutions help global SMEs and large enterprises provide consistent, frictionless, and enhanced user experience; these benefits will drive the growth of the global IAM market.
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