New York, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Identity And Access Management in Healthcare Market Overview:
The global identity and access management in the healthcare market size was USD 1.37 billion in 2023, expected at USD 1.60 billion in 2024, and is projected to extend to USD 5.57 billion by 2032, showcasing a CAGR of 16.9% between 2024–2032.
What is Identity and Access Management in Healthcare?
Identity and Access Management (IAM) in healthcare is a type of software that enables healthcare organizations to manage identity governance better, reject user access privileges, and secure patient profile information. It protects private information in the system and verifies a person's authorization to access it.
As healthcare organizations are increasingly opting for digital solutions, there is a tremendous need for identity and Access Management (IAM) systems in healthcare organizations to avoid unauthorized access and to comply with regulatory guidelines.
Key Takeaways from Reports:
- The market is expected to showcase a CAGR of 16.9%.
- The market for IAM in healthcare is expanding continuously in order to detect data breaches as healthcare organizations are opting for more and more cloud-based solutions.
- The identity and access management in healthcare market segmentation is primarily based on component, deployment, type, end-user, and region.
- Based on components, the software category dominated the market significantly in 2023.
- In 2023, North America dominated the market, having the largest share, and it is expected that there will be huge competition between North America and Asia Pacific during the forecasted period.
Download Free Sample PDF Copy of the Report:
Identity and Access Management in Healthcare Market Dynamics:
Growth Drivers:
Increasing Cyberattacks Incidents: The amount of cyberattacks across the globe is rising uncontrollably which is also propelling the identity and access management in healthcare market growth. As a result of increased cyber-attacks, healthcare organizations are pushing for employee training and access management for cybersecurity practices. By enforcing best practices across the access control, IAM systems align perfectly with these initiatives.
Growing Adoption of Telemedicine: Telemedicine practices allow remote interaction between medical practitioners and patients, and this interaction needs to be confidential. IAM ensures only recognized or legal users have access to it from anywhere, thus maintaining confidentiality while increasing security. This need for improved security advantages has been making the IAM in healthcare a necessity and propelling the growth of the market.
Trends and Opportunities:
Importance of Data Protection: The IAM in healthcare has become a necessity recently as both healthcare organizations and patients are realizing how important it is to maintain confidentiality regarding the treatment processes and medications. Any small leak from the data could have a huge impact on one’s life and dignity. Thus, protecting such data from cyberattacks is leading the IAM in the healthcare market significantly.
Adoption of Cloud-based Systems: In order to address the threats of cyberattacks, healthcare organizations are enhancing their security system while maintaining industrial standards. This has led them to opt for more and more cloud-based solutions as healthcare providers look for an expandable and flexible system to control user identities effectively.
Competitive Analysis: The players involved in Identity and Access Management in the Healthcare market are focusing more and more on offering innovative solutions in order to survive in an ever-growing and aggressive market environment. Additionally, in order to increase their global footprint, players involved in the market are opting for various tactical approaches such as unique and innovative launches, mergers and acquisitions between organizations, increasing investments, and international collaborations.
Request for a Discount on this Report Before Purchase:
Major Players Involved in Identity and Access Management in Healthcare market are:
- Veritis Group Inc.
- Fortra, LLC
- LexisNexis Risk Solutions
- Ping Identity
- Imprivata, Inc.
- IBM
- Okta
- CyberArk Software Ltd.
- Delinea
- SailPoint Technologies, Inc.
- Oracle
- Cisco Systems, Inc.
- CloudIBN
- Symplr
Regional Insights:
North America: In 2023, the identity and access management in healthcare market was dominated by North America alone. This was due to the presence of the latest and advanced healthcare infrastructure and larger investments in the field of cybersecurity. Moreover, the presence of majorly well-established players such as IBM, Microsoft, and Oracle and their strong encouragement from newer innovations are proving to be an important factor for the dominance of this region over the market.
Asia-Pacific: The identity and access management in healthcare market in Asia Pacific is projected to showcase a noticeable amount of CAGR within the forecasted period, thanks to the rising adoption of telemedicine services and digital transformation in healthcare sectors of countries like India and China. Additionally, enhanced awareness of data security and privacy amongst healthcare organizations of these countries is proving to be a major factor in the growth too.
Inquire more about this report before purchase:
Identity and Access Management in Healthcare Market Segmentation:
By Component Outlook (Revenue, USD billion, 2019–2032)
- Software
- Services
By Deployment Outlook (Revenue, USD billion, 2019–2032)
- On-Premise
- Cloud
By Type Outlook (Revenue, USD billion, 2019–2032)
- Single Sign On
- Multifactor Authentication
- Provisioning
- Directory Service
- Audit & Compliance Management
By End User Outlook (Revenue, USD billion, 2019–2032)
- Healthcare Payers
- Hospitals & Clinics
- Life Sciences Companies
- Other
By Regional Outlook (Revenue, USD billion, 2019–2032)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
More Trending Latest Reports by Polaris Market Research:
Voice Biometrics Market Growth
Claims Processing Software Market Size
Educational Robot Market Analysis
Smart Government Market Forecast
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
