Transparency Market Research delivers key insights on the U.S. and Latin America identity and access management (IAM) market. In terms of revenue, the U.S. and Latin America identity and access management (IAM) market is estimated to expand at a CAGR of 15.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the U.S. and Latin America identity and access management (IAM) market.
The growing adoption of identity and access management (IAM) solutions in various industry verticals is meant to identify theft and control the access to various enterprise resources. IAM solutions are considered a key component of the security system of an organization, which helps to protect the organization’s operational system from cyber-attacks and data breach activities from internal and external thefts and frauds. Identity and access management (IAM) solutions help enterprises to monitor, detect, report, and manage cyber threats to maintain data privacy. It represents how advanced technologies help organizations to more easily, efficiently, and conveniently ingest information and security concerns. The key features of IAM security solutions is to provide multi-factor authentication to end users to protect information such as location, time-of-day, IP address, and device type of the user.
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The growing integration of identity and access management (IAM) security solutions strengthens the security by eliminating risky password management and reduces vulnerabilities to improve user experiences. This factor is anticipated to drive the growth of the identity and access management (IAM) market.
U.S. and Latin America Identity and Access Management (IAM) Market: Dynamics
The rising adoption of various technologies such as cloud computing and AI along with advance technology in different industries is likely to drive the adoption rate of identity and access management (IAM) solutions during the forecast period. However, the market faces challenges due to uncertainty of Internet connectivity and generation of new threats among various end-users across countries. Lack of knowledge about identity and access management (IAM) solutions in SME’s negatively impacts the growth of the market. Identity theft and fraudulent activities damage and disrupt the information system and hack the confidential information of an organization using phishing, and malware. The increasing adoption of identity and access management (IAM) solutions in various industry verticals helps to improve the efficiency and productivity of the business by providing secure access to enterprises. This is a major factor which is anticipated to fuel the identity and access management (IAM) market during the forecast period.
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Rising need for security mechanisms to protect enterprise data from advanced threats to provide flexible and secure cloud infrastructure is a key factor which is expected to boost the adoption of identity and access management (IAM) during the forecast period.
U.S. and Latin America Identity and Access Management (IAM) Market: Prominent Regions
The identity and access management (IAM) market in the U.S. is expected to account for largest share during the forecast period due to innovations in production technologies to improve the efficiency of operation systems and also due to the presence of major market players in the region. In addition, the U.S. Government has increased investment in security solutions, which is fuelling the growth of the identity and access management (IAM) market.
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