Artificial Intelligence
Identity and Access Management Market to Reach USD 24.76 Billion by 2026, CAGR of 13.2% is Expected
Pune, India, Sept. 01, 2021 (GLOBE NEWSWIRE) — The global identity and access management market size is projected to reach USD 24.76 billion by 2026, exhibiting a CAGR of 13.2% during the forecast period. Increasing implementation of blockchain for IAM operations will be a game-changer for the market, states Fortune Business Insights™ in its report, titled “Identity And Access Management Market Size, Share and Industry Analysis By Component (Provisioning, Directory Services, Single Sign-On, Others), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and Consumer Packed Goods, Others) And Regional Forecast 2019-2026”. The rising trend of bring your own device (BYOD) is expected to drive the global market.
Identity access management or an IAM system offers framework for businesses to effectively manage and access user identities via an automated system. Furthermore, IAM involves functions such as character creation for different systems, robust authentication service, and securely exchange data and information. Installing an IAM system allows companies to manage users with respect to their identities and access permission.
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List of Players in the Identity and Access Management Market:
- ForgeRock
- Crossmatch
- Cyberark
- CA Technologies
- Symantec
- Gemalto
- Siemens AG
- Oracle
- HP Development Company L.P.
- Amazon Web Services Inc.
- Fischer Identity
- Core Security
- Centrify
- Beta Systems
- Avatier
- IBM Corporation
- Microsoft
- Akamai Technologies
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR | 13.2% |
| 2026 Value Projection | USD 24.76 Billion |
| Base Year | 2018 |
| Market Size in 2018 | USD 9.53 Billion |
| Historical Data for | 2015 to 2017 |
| No. of Pages | 150 |
| Segments covered | Component, Deployment Model, Enterprise Size, Industry Vertical and Geography |
| Growth Drivers | Increasing Instances of Identity Thefts to Accelerate Market Growth |
| North America to Have Commanding Market Presence; Asia Pacific to Witness Steady Growth | |
| Cloud Computing to Transform the Business Operations, Moves the Market Upwardly | |
| Focus on Innovation be the Key Strategy for Market Companies |
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments as well as several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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As per the report findings, the global market value was at USD 9.53 billion in 2018. The report also contains the following:
- An exhaustive study of all the factors driving and restraining the market
- A thorough analysis of the various market segments
- Detailed examination of the regional developments shaping the market
- Microscopic research into the competitive landscape of the market
Market Driver:
Increasing Instances of Identity Thefts to Accelerate Market Growth
The identity and access management market growth is set to surge on account of a steady climb in the incidence of identity thefts. According to the US Federal Trade Commission (FTC) Consumer Sentinel Network, 650,572 reports of identity theft were filed across the country in 2019. The FTC also highlighted that among these thefts, credit card frauds topped the list, with over 270,000 reports from people claiming that their credit information was being misused for transactions or for opening new accounts. In 2019, Symantec stated in its Internet Security Threat Report that approximately 10% of people are victims of identity frauds annually and 21% of these have been defrauded several times previously. As a result, the demand for identity and access management tools is escalating as the majority of people have a virtual presence and are frequently transacting online.
Regional Insights:
North America to Have Commanding Market Presence; Asia Pacific to Witness Steady Growth
With a market size of USD 3.65 billion in 2018, North America is poised to lead the global market during the forecast period owing to the massive generation, storage, and exchange of data in the region. Besides this, the region is home to some largest tech companies in the world, which are constantly engaged in introducing advanced security solutions for companies and individuals.
In Asia Pacific, lucrative opportunities await the market players as countries such as India and China are aggressively digitizing their citizen databases and rapidly adopting online channels for business transactions. Thus, the demand for secure IAM services will enable the region to tighten its grip on the identity and access management market share in the coming years.
Cloud Computing to Transform the Business Operations, Moves the Market Upwardly
Cloud computing plays a significant role in the IAM market as the adoption of this technology helps businesses to improve the complex identification process of users. The rising adoption of risk management solutions such as audit management and policy-based compliance for cost control is driving the market. The emergence of digitization has compelled organizations to develop data-driven business solutions, ensuring more scalability and agility.
A lead analyst at Fortune Business Insights says, “The trend of bring your own device (BYOD) concept in several organizations is likely to gain popularity in the coming years.” He added, “This is further pushing organizations to implement IAM services.” Increasing remote workforce and adoption of the Internet of Things (IoT) also act as potential growth enablers in the market. Rising research and development (R&D) activities and strong investments are expected to accelerate development of IAM tools to fulfil customer requirements. This is anticipated to boost the market during the forecast period.
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Competitive Landscape:
Okta Joined Hands with Stormpath to Improve its Identity Services
In order to stay ahead of competition, companies are offering new IAM solutions to help their consumers keep pace with the rapidly changing technologies. Moreover, identity access management providers are likely to adopt acquisition, partnership, and other strategies to expand their product profile and establish a strong market position. For instance, Okta Inc., joined forces with Stormpath SDK in 2018 to expand their line of businesses. With the help of Stormpath, the company can offer several solutions to developers. These solutions include user management, authentication, and authorization into mobile apps and web. In 2017, Google acquired Bitium to enhance its cloud identity management capabilities and offer better security solutions.
Focus on Innovation be the Key Strategy for Market Companies
Large, global players in the tech world such as Google and Microsoft are ramping up their investments in innovation and developing next-gen IAM technologies to address the pestering menace of identity frauds worldwide. Many new companies are also entering the fray and trying to establish themselves through novel ideas and launch of comprehensive solutions.
Industry Developments:
- June 2020: US-based IAM specialist ForgeRock strengthened its Identity Platform by equipping it with cloud and AI capabilities to provide its customers with a more simplified, smooth, and secure digital experience. The advanced platform has been designed to ensure an organization’s data security and protect an individual’s privacy.
- February 2020: Amazon Web Service’s AWS Identity and Access Management introduced a new control for access to requests made by AWS on behalf of the users. Using this control, customers can now grant indirect access to their IAM principals to launch the Amazon Elastic Compute Cloud (EC2).
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Major Table of Contents:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints and Opportunities
3.2. Emerging Trends of Market
4. Key Insights
4.1. 4.1.Macro and Micro Economic Factors
4.2. 4.2. Key Technological Developments
4.3. 4.3. Industry SWOT Analysis
5. Global Identity and Access Management Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Component
5.2.1. Provisioning
5.2.2. Directory Services
5.2.3. Single Sign-On
5.2.4. Password Management
5.2.5. Advanced Authentication
5.2.6. Audit, Compliance, and Governance
5.3. Market Analysis, Insights and Forecast – By Deployment
5.3.1. Cloud
5.3.2. On-Premises
5.4. Market Analysis, Insights and Forecast – By Organization Size
5.4.1. Small and Medium Enterprises (SMES)
5.4.2. Large Enterprises
5.5. Market Analysis, Insights and Forecast – By Vertical
5.5.1. BFSI
5.5.2. IT and Telecom
5.5.3. Retail and Consumer Packaged Goods
5.5.4. Government
5.5.5. Energy and Utilities
5.5.6. Education
5.5.7. Manufacturing
5.5.8. Healthcare and Life Sciences
5.5.9. Others
5.6. Market Analysis, Insights and Forecast – By Region
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. Latin America
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Artificial Intelligence
Signant Health extends eCOA leadership position through operational innovations that reduce timelines by at least one-third
PHILADELPHIA, May 8, 2024 /PRNewswire/ — Signant Health, the leader in evidence generation for modern clinical trials, announced today that it has substantially reduced implementation timelines for its flagship eCOA solution, TrialMax®. By leveraging process and technology enhancements, Signant’s operational teams can reduce the time it takes to go live with electronic patient-reported outcomes solutions by thirty percent or more.
Sponsors and Contract Research Organizations (CROs) have relied on Signant’s eCOA solution for over 20 years. The solution is known for its flexibility, reliability, scientific support, global logistics support, and ability to scale to any size trial, anywhere in the world. Traditionally, the time to bring the system live for patients and sites was commensurate with the operational complexity and trial design.
According to the company, customers can now benefit from this highly customizable eCOA solution along with Signant’s leading levels of science, scale, and service – delivered under much faster timelines.
“We are excited to offer customers the best of both worlds,” said Sanjiv Waghmare, Signant’s chief product officer. “They can get the fully featured, market-leading eCOA solution they already use and love, at a much faster pace. We believe this is especially meaningful as trial designs continue to increase in complexity. We want to ensure our customers hit their FPFV dates and start collecting high quality data without worrying about if their eCOA solution will be available.”
According to Waghmare, Signant’s engineering and operational teams identified areas where process enhancements and automation could dramatically reduce common implementation steps regardless of trial complexity. These steps cover all aspects of a typical eCOA timeline including study build, testing, translations, scale management, and validation.
“This is just the beginning of our efforts to deliver complexity at speed, with outstanding quality,” continued Waghmare. “We are also bringing additional efficiencies to our processes that will accelerate post-implementation support, including reporting, analytics, and data change management.”
Signant also offers a tenured solution for eCOA studies as part of its Signant SmartSignals® Unified Platform, which is fully integrated with EDC, RTSM, eConsent, and telemedicine. For more information about all Signant’s eClinical solutions, go to www.signanthealth.com.
About Signant Health
Signant Health is the evidence generation company. We are focused on leveraging software, deep therapeutic and scientific knowledge, and operational expertise to consistently capture, aggregate, and reveal quality evidence for clinical studies across traditional, virtual, and hybrid trial models. For more than 25 years, over 600 sponsors and CROs of all sizes – including all Top 20 pharma – have trusted Signant solutions for remote and site-based eCOA, EDC, eConsent, RTSM, supply chain management, and data quality analytics. Learn more at www.signanthealth.com.
Contact:
Heather [email protected]+1 610.400.4141
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Artificial Intelligence
Ness Digital Engineering Acquires Intricity – a New York based company specializing in data strategy, governance, modernization, and monetization
NEW YORK, May 8, 2024 /PRNewswire/ — Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, has acquired Intricity, a leading provider of data strategy, governance, modernization, and monetization solutions. The acquisition deepens Ness’s data offerings, which global F1000 clients have utilized to create new revenue streams and improve operating efficiencies.
“Ness has always had a strong capability in data engineering, and the acquisition of Intricity brings the data strategy and advisory capability. Furthermore, Ness will build on Intricity’s strategic alliances with Snowflake and Databricks,” said Ranjit Tinaikar, CEO, Ness Digital Engineering. “We are excited to welcome Intricity’s talented team to Ness, combining our strengths to deliver even greater value to our clients.”
Intricity brings deep expertise in handling complex data modernization and monetization problems that are the heart of any digital transformation today.
“Joining Ness, backed by KKR, presents an exciting opportunity to accelerate our growth trajectory worldwide. We are excited to leverage Ness’s global presence, digital competencies, and deep industry expertise to deliver digital transformation solutions to a wider range of clients,” said Arkady Kleyner, Principal & Co-Founder, Intricity. “Together, we are well-positioned to drive meaningful business outcomes and accelerate innovation for our clients.”
Commenting on the acquisition, Troy Clemente, Principal & Co-Founder, Intricity, added, “We have successfully established ourselves as experts covering the entire information lifecycle, and by joining Ness, we can accelerate our combined clients’ AI journeys based on modern data infrastructures.”
Zinnov acted as financial advisor to Ness Digital Engineering.
For more information:Tanaya Misra, Global Head – PR & [email protected]
About Ness Digital Engineering
Ness Digital Engineering, which funds managed by global investment firm KKR acquired in 2022, is a full-lifecycle digital engineering firm offering digital advisory through scaled engineering services. Headquartered in New York, Ness serves our customers across 11 innovation hubs in the US, Eastern Europe, and India. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. For more information, visit www.ness.com.
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Artificial Intelligence
Körber Pharma and Siemens Take the Lead in ABI Research’s MES Software for Pharmaceutical, Biotechnology, and Cell & Gene Manufacturing Competitive Ranking
LONDON, May 8, 2024 /PRNewswire/ — The new Competitive Assessment by global technology intelligence firm ABI Research provides an in-depth and unbiased examination of the solutions offered by 13 manufacturing execution system (MES) software suppliers targeting pharmaceutical, biotech, and cell & gene manufacturing. The companies evaluated and ranked are:
Market Leaders: Körber Pharma, Siemens, Apprentice, Rockwell Automation, and TulipMainstream: Dassault Systèmes, GE Digital, Honeywell, Emerson, MPDV, MasterControl, ParsecFollowers: Sepasoft
“Overall, the MES software market for pharmaceutical, biotechnology, and cell & gene manufacturing is highly competitive, and the top innovators offer very comparable solutions. Technology vendors are aggressively developing new functionality, and competitors must closely watch and identify areas where they can match or leapfrog software capabilities,” explains James Prestwood, Industrial & Manufacturing Industry Analyst at ABI Research.
A total of ten overarching criteria were chosen for the purposes of this analysis and segmented across innovation and implementation clusters. These include how comprehensive the solution is and what innovative functionality it offers, data visibility, accessibility, and security within the platform, the user experience, and the capacity of worker augmentation, the MES’s contribution to manufacturers digital thread capabilities, and the alignment of the MES software with the pharmaceutical, biotechnology, and cell & gene manufacturing markets. In addition, the report evaluates MES vendor’s ability to deliver rapid time to value, their experience in delivering the software to manufacturers, the extensiveness of the vendor’s partnership base, the support for SME manufacturers, and the comprehensiveness of the software’s pricing options.
Körber Pharma and Siemens came out on top in the competitor ranking, with both firms scoring well across all criteria. Apprentice ranked as the top innovator in the assessment, offering a wide range of strong functionality designed specifically for life sciences manufacturing, an excellent cloud-native design, and comprehensive low/no-code capabilities. Dassault Systèmes scored particularly well in the implementation criteria, ranking second, with its center-of-excellence deployment model allowing manufacturers to quickly and consistently deploy and scale DELMIA Apriso.
“Pharmaceutical, biotech, and cell & gene manufacturing have been slow to embrace digital transformation but are now catching up. The industry’s strict regulations mean new solutions must be proven, and a premium should be placed on extensive deployment experiences when choosing solutions and technology partners,” Prestwood concludes.
These findings are from ABI Research’s MES Software for Pharmaceutical, Biotech, and Cell & Gene Therapy Manufacturing Competitive Ranking report. This report is part of the company’s Industrial and Manufacturing Markets research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Competitive Ranking reports offer comprehensive analysis of implementation and innovation strategies to offer unparalleled insight into a company’s performance and standing compared to its competitors.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
GlobalDeborah Petrara Tel: +1.516.624.2558 [email protected]
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