The global personal identity management market reached a value of US$ 11.5 Billion in 2020. Personal identity management (PIM), refers to a process of securing and managing information and resources of an organization or an individual. Organizations generally issue and use digital identities and credentials, such as usernames and passwords, for authentication and to protect users’ profiles. This restricts the intruders from accessing any private information or data without the assent of the user. PIM allows companies and employees to store and secure the required information. At present, the PIM market is at a nascent stage, however, with the repeated occurrences of data breaches and security attacks as well as the growing digital footprint of individuals across various channels, it is gaining immense popularity worldwide.
Various technological advancements, such as cloud computing, real-time data access, modern electric meters and automated meter infrastructure, have facilitated the adoption of PIM solutions. Further, as many employees work outside the company facilities and firewalls, these systems are being used for security purposes in numerous organizations. Moreover, due to the high frequency and severity of cybercrime incidents, governments across the globe are implementing various laws and regulations for securing personal data. These government mandates are supplementing the utilization of PIM solutions which is having a positive impact on the industry growth. Besides this, with the advent of the Internet of Things (IoT), digital identity management systems can identify devices, sensors and monitors which help in managing personal identity information of the user consisting of their credentials (certificates, tokens, biometrics), identifiers (User ID, email, URL) and attributes (roles, positions, privileges). This is projected to expand the applications of PIM solutions in the coming years. Looking forward, the analyst expects the global personal identity management market to exhibit strong growth during the next five years.
This latest report provides a deep insight into the global personal identity management market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global personal identity management market in any manner.
Report Coverage: Historical, Current and Future Market Trends
Market Breakup by Component: Applications Access Control Content Management Services Professional Services Managed Services
Market Breakup by Deployment Type: On-Premises Cloud
Market Breakup by Data Type: Behavioral Data Individual Identity Data Derived Data Self-Identified Data
Market Breakup by Industry Vertical: IT and Telecom Banking, Financial Services, and Insurance (BFSI) Energy and Utilities Consumer Goods and Retail Others
Market Breakup by Region: North America Europe Asia Pacific Middle East and Africa Latin America
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being IBM Corporation, VMware, Inc., CA Technologies, Microsoft Corporation, Oracle Corporation, Okta, Inc., Hitachi Id Systems, Inc., Dell Software, Netiq., Sailpoint Technologies, Inc., Onelogin, Inc, Centrify corporation, Experian Inc, Kaspersky Lab, etc.
Key Questions Answered in This Report: How has the global personal identity management market performed so far and how will it perform in the coming years? What are the key regional markets in the global personal identity management industry? What has been the impact of COVID-19 on the global personal identity management industry? What is the breakup of the market based on the component? What is the breakup of the market based on the deployment type? What is the breakup of the market based on the data type? What is the breakup of the market based on the industry vertical? What are the various stages in the value chain of the global personal identity management industry? What are the key driving factors and challenges in the global personal identity management industry? What is the structure of the global personal identity management industry and who are the key players? What is the degree of competition in the global personal identity management industry?
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