Identity & Access Management Market is Expected to Rise at a CAGR of 12.5% from 2022 to 2028 | Report by FMI
The identity & Access Management Market is predicted to rise at a CAGR of 12.5% over the forecast period to attain a projected market valuation of US$ 12.9 Bn in 2022 and US$ 26.1 Bn by the end of 2028. The global market for identity and access management is likely to observe an impressive growth outlook in years to come. The rapid increase in cybercrime prevalence is necessitating effective and efficient IT security measures, which is primarily driving the identity & access management market. Public Domain, IT & Telecom, and Finance & Insurance – Key End Use Industries While several business verticals have been focused on heavy investments in physical identity management, it is highly likely that operators in public domain, finance and insurance sectors, and IT and telecom will continue to account for significant revenue shares in global market for identity and access management, in the near future. As suggested by the report, the collective share...