Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87038588
By component, the services segment to register the highest growth rate during the forecast period
Based on component, the global CIAM market is segmented into solutions and services. Robust CIAM solutions and services usually provide a combination of features, including customer registration, self-service account management, consent and preference management, SSO, Multi-Factor Authentication (MFA), access management, directory services, and data access governance. These components assist organizations in improving their security capabilities for mitigating cyber threats proactively.
An average of 30% of users were affected by web-threat incidents, as per Kaspersky Security Network. Cybercrimes such as espionage, data thefts, malware attacks, and phishing crimes have intensified amid the COVID-19 outbreak. Major industry verticals such as Banking, Financial Services, and Insurance (BFSI), media and entertainment, and healthcare are lucrative targets for cybercriminals. There have been instances of ransomware attacks on healthcare departments, universities, and SMEs amid the pandemic. As a result, organizations are embedding security solutions to combat COVID-related malicious cybercrimes in their enterprise networks. More organizations and industry verticals are looking to rapidly outsource the best-of-breed cybersecurity solutions for solving unique business challenges.
Get sample of report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=87038588
Based on application area, the Healthcare segment to grow at the highest CAGR during the forecast period
The Healthcare segment is projected to witness the fastest growth rate of during the forecast period. The healthcare vertical comprises hospitals, health clinics, medical and dental practices, healthcare equipment and services providers, pharmaceutical companies, biotechnology companies, and related life sciences services providers
Healthcare is one of the most targeted sectors across the world by cybercriminals. The healthcare vertical is rapidly deploying cutting-edge technologies to offer patients improved, intuitive, and personalized care and experience. CIAM solutions help healthcare organizations address the security issues related to users credentials and help them deliver an enriched experience to their patients. The lack of patient identity safeguards many challenges for patients. For instance, patients can become victims of medical identity theft, resulting in their health records containing false medical and health data, which puts further treatments at risk. All these lead to unsafe and inefficient patient care.
Additionally, an increasing number of cyberattacks on PII, Electronic Health Records (EHRs), and PHI is major concern for healthcare organizations. In healthcare, CIAM solutions offer control of digital identities and data sharing choices to patients, with comprehensive preference and consent management. Moreover, these solutions help healthcare organizations comply with stringent HIPAA and PCI DSS compliances. CIAM solutions ensure security, privacy, and compliance while providing unified, frictionless access to patients and partners.
North America to hold the largest market share during the forecast period.
North America has several prominent market players delivering CIAM solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the CIAM markets growth. The geographical presence, significant Research and Development (R&D) activities, partnerships, and acquisitions and mergers are the major factors for deploying CIAM services.
Market Players
Key and innovative vendors in CIAM market include IBM (US), Microsoft (US), Salesforce (US), SAP (Germany), Broadcom (US), Okta (US), Akamai Technologies (US), Ping Identity (US), ForgeRock (US), Loginradius (Canada), Manageengine (US), Widasconcept (Germany), Acuant (US), Omada (Denmark), Iwelcome (Netherlands), Globalsign (UK), Ubisecure (Finland), Secureauth Corporation (US), WSO2 (US), AWS (US), Simeio Solutions (US), Autho (US), Cyberark(US), Onelogin(CA), Trusona (US), Fusionauth (US), Idnow (Germany), Strata Identity (US), Passbase (Germany), and Evident(Georgia).
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketss flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Discussion about this post