Identity and Access Management as A Service (IAMaaS) Market to Expand with Increasing Need for Business Security

The demand within the global market for identity and access management as a service (IMAaaS) has been rising on account of the need for increased security across business organisations. Easy access to key documents, confidential statements, and other relevant information pertaining to companies and organisations has been a matter of concern for several businesses and organisations. Hence, identity and access management as a service (IMAaaS) has emerged as a whole-sole saviour for businesses when it comes to creating a net of security. Furthermore, there have been multiple instances of fraudulence, security breaches, and unauthorised access to key and confidential data which has negatively impacted the wealth, status, and performance of regions. Hence, the demand within the global market for identity and access management as a service (IMAaaS) is projected to reach new heights as companies learn from past experiences of defaults and security breaches. A report added Market Research Reports (MRR) is a deft reminder of the various forces that shall bring about key advancements in the global cyber security industry. These advancements shall also find way for growth within the global market for identity and access management while benefitting the key vendors within this market. The title of the report is “Identity And Access Management As A Service (IAMaaS) Market: Global Industry Analysis and Opportunity Assessment 2017-2027”.

 Access security based on cloud services has become an imperative part of several industries and sectors, and this is the most broad-based reason behind the growth of the global market for identity and access management. IT and telecommunications industries have been at the forefront of growth within the global market for identity and access management as a service (IMAaaS). Moreover, industries such as healthcare and retail have made concerted efforts to enhance their physical and cyber security which has in turn generated demand within the global market for identity and access management as a service (IMAaaS). Other key industries such as manufacturing, retail, energy, oil and gas, and BFSI have also played a major role in enhancing the growth prospects of the global identity and access management as a service (IMAaaS) market.

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On the basis of geography, the immaculacy and sophistication of the business landscape of various industries in the US and Canada is projected to propel demand within the market for identity and access management as a service (IMAaaS) in North America. Furthermore, the efforts of the government in the US to enhance cyber and physical security have also accelerated regional market growth.

Some of the key players in the global market for identity and access management as a service (IMAaaS) are Oracle Corporation, SAP SE, Dell Inc., EMC Corporation, and Okta, Inc.

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