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Research Nester published a report titled“Bimodal Identity Management Solutions Market : Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobalbimodal identity management solutions market in terms of market segmentation by deployment, enterprise size, end use vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global bimodal identity management solutions market is estimated to occupy a large amount of revenue by growing at a notable CAGR during the forecast period, i.e., 2022 – 2031, ascribing to the rising development of advanced identity management systems integrated with AI. Along with this, escalating technological advancements in the global IT sector, and high requirement for proper authenticity check and raising security concerns in companies are also expected to accelerate the growth of the market in the upcoming years.
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The market is segmented by deployment, enterprise size and end use vertical. Based on enterprise size, the large enterprises segment is anticipated to acquire the largest share during the forecast period on the back of increasing incidences of data breaches through stolen or weak privileged credentials in these enterprises. Additionally, by end use vertical, the healthcare segment is projected to observe robust growth over the forecast period attributing to the higher number of cyberattacks by employees in this sector.
Geographically, the global bimodal identity management solutions market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the growing adoption of identity management solutions as a result of digitalization in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth in the future owing to the growing government initiatives associated with authenticated access control in workplaces in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Development of Sophisticated Identity Management Systems with Artificial Intelligence to Drive Market Growth
Since the last decade, the total number of cyberattacks and data breaches have witnessed a significant surge. This is raising the need for proper authenticity check at organizations to keep confidential data safe and secure, which in turn is anticipated to raise the demand for effective solutions to prevent damage from cyberthreats. It is predicted to drive market growth significantly in the near future.
However, high deployment cost of these systems is expected to operate as key restraint to the growth of the global bimodal identity management solutions market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global bimodal identity management solutions market which includes company profiling of Sophos Ltd, SOTI Inc, VMware, Inc., Microsoft Corporation, Fischer International, OneLogin, Inc., Okta, Inc., NetIQ Corporation, Symantec Corporation, Oracle Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bimodal identity management solutions market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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