Bimodal Identity Management Solutions Market Size & Share to See Modest Growth Through 2024
Bimodal Identity Management Solutions Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
United States, 21 September 2017 -- Bimodal Identity Management Solutions Market: Overview
The bimodal identity management solutions integrate the conventional enterprise identity architectures with the added security layer. With the help of the solutions company’s integral information system is safeguarded.
The organizations that have a data warehouse system should consider integrating the bimodal identity environment in their businesses. The reasons for this are in order to cut down the costs the organization should make complete use of their existing tools. With the help of the bimodal identity management solutions, you are able to merge up your old data with the real-time data.
The global market for the bimodal identity management solutions is fragmented into its organization size, vertical, and deployment. Based on the organization size, the global market is segregated into large enterprises and small & medium enterprise. Based on the vertical, the market is categorized into BFSI, telecom and it, healthcare and life sciences, retail, education, manufacturing, energy, public sector & utilities. Based on the deployment, the market is divided into on-premise and cloud.
The key factors that are driving the growth of the bimodal identity management solutions are the increasing requirement for the authentication and the rise in the security concerns in the organizations. There is an increased demand for the bimodal identity management solutions for the purposes such as data security, protecting the confidential data, and proper authentication. The development in the technology has increased the chances of the data being hacked and threatens the security systems, thus fuelling the demand for the bimodal identity management solutions. The integration of the identity management system with the artificial intelligence is the key trend that is being witnessed by the market which leads to the development of the security products. The main factor that is limiting the growth of the market is the lack of the workforce that has experience in the domain.
The region that holds the maximum share in the bimodal identity management solutions market is the North America. In the countries such as Canada and the U.S., the market is growing at a significant rate due to the increased adaptability of the computerized systems. Thus, there arises the necessity to ensure the safety regarding the data accessibility by an individual. In the Asia Pacific region, the developing nations such as China and India are having an increased number of the small and medium enterprises thus contributing to the development of the bimodal identity management solutions market.
The key market players that are involved in the bimodal identity management solutions market include Hitachi ID Systems, Ping Identity, Colligo Networks, SAP, Microsoft Corporation, Fischer International OneLogin, Inc., NetIQ Corporation, Oracle Corporation, Alfresco Software, SOTI Inc., Sophos Ltd., SailPoint Technologies, IBM Corporation, CA Technologies, VMware, Inc., Good Technology, Okta, Inc., Dell EMC, MobileIron, Centrify, Symantec Corporation, and Citrix Systems, Inc.
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