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Identity And Access Management Market Size, Share, Growth, Analys...

Businesses have come to the conclusion that demanding a username and password for confirming the identities of users accessing resources is insufficient as the number of apps, systems, and data has expanded.

In 2020, the identity and access management market was worth USD 12.26 billion. The market is anticipated to increase at a CAGR of 14.5% between 2021 and 2028, rising from USD 13.41 billion in 2021 to USD 34.52 billion in 2028. The COVID-19 epidemic has had an unprecedented and overwhelming impact on the world, and identity and access management has seen steady expansion in every region as a result. According to our data, the global market showed a notable increase of 9.1% in 2020 compared to the typical annual growth throughout the years of 2017 to 2019. When the pandemic is finished, this market's demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.

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List Of the Key players in Identity And Access Management Market:

· Amazon Web Services Inc. (Washington, U.S.)

· Akamai Technologies (Massachusetts, U.S.)

· HP Development Company L.P. (California, U.S.)

· Microsoft Corporation (Washington, U.S.)

· Oracle Corporation (Texas, U.S.)

· IBM Corporation (New York, U.S.)

· ForgeRock (California, U.S.)

· Thales Group (Paris, France)

· Avatier (California, U.S.)

· Symantec (Arizona, U.S.)

· Beta Systems (Berlin, Germany)

· CA Technologies (New York, U.S.)

· Centrify (California, U.S.)

· CyberArk (Massachusetts, U.S.)

· Core Security (Massachusetts, U.S.)

· Crossmatch (Florida, U.S.)

Regional Analysis:

The market is geographically divided into five main areas, including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. They are further divided up into nations.

In 2020, North America is anticipated to hold the largest market share. The use of remote work, cloud technologies, and an increase in cyberattacks are all contributing factors to this region's rise. The presence of important businesses like Amazon Web Services Inc., Akamai Technologies, HP Development Company L.P., Microsoft Corporation, Oracle Corporation, IBM Corporation, and others in the area also contributes to the market growth.

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The key benefits of the Identity and Access Management (IAM) market include:

· Improved security: IAM solutions provide secure authentication and authorization for users and devices, helping to protect against unauthorized access and data breaches.

· Compliance: IAM solutions help organizations comply with various security and regulatory requirements, such as HIPAA, PCI-DSS, and SOX.

· Increased efficiency: IAM solutions automate many of the manual processes involved in managing user identities and access rights, reducing the administrative burden on IT teams.

· Better control over access: IAM solutions enable organizations to easily manage and monitor user access to systems, applications, and data, providing greater visibility and control over who has access to what.

· Improved user experience: IAM solutions provide users with a single sign-on (SSO) experience, allowing them to access multiple systems and applications with a single set of credentials, resulting in a better user experience.

· Reducing risk of insider threats: IAM solutions provide detailed logs of user activity, which can be used to detect and investigate insider threats and data breaches.

· Reducing cost: IAM solutions can also help organizations reduce costs by reducing the need for multiple usernames and passwords, reducing the need for helpdesk support, and reducing the need for expensive security hardware and software.

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Jan 23 '23 · 0 comments

Wireless Audio Device Market Outlook 2023: Market Trends, Segment...

In 2021, the for wireless audio devices market was estimated to be worth USD 40.58 billion. The market is anticipated to expand at a CAGR of 17.1% from 2022 to 2029, rising from USD 47.37 billion in 2022 to USD 143.41 billion in 2029. According to our data, the global market for wireless audio devices grew by an average of 16.5% in 2020 compared to 2019.

Since a few years ago, wireless speakers have been increasingly popular. Users may now stream audio to speakers from a variety of devices utilising a wireless connection. The popularity of Bluetooth speakers has significantly increased recently, along with advancements in Bluetooth protocol and the standardisation of A2DP (Advanced Audio Distribution Profile).

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Another important element boosting the development of the wireless audio device market is the evolving technology of these devices, which have several applications in consumer, commercial, automotive, and other fields. Additionally, customer preferences for portable devices, advances in wireless technology, and rising demand for smartphones as a source of entertainment are propelling growth in this market.

List of key Players:

· Apple Inc. (U.S.)

· Samsung Electronics Co., Ltd. (South Korea)

· Logitech International S.A. (Switzerland)

· Sennheiser Electronic GmbH & Co. KG (Germany)

· Sony Group Corporation (Japan)

· Zound Industries International AB (Sweden)

· Sonos, Inc. (U.S.)

· Panasonic Corporation (Japan)

· Shure Incorporated (U.S.)

· Bose Corporation (U.S.)

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Highlight of this report:

· The wireless audio device market has seen significant growth in recent years, driven by advancements in technology and the increasing popularity of streaming services.

· Wireless earbuds and headphones have become particularly popular, with many consumers preferring their convenience and portability over traditional wired options.

· The market is expected to continue growing in the coming years, driven by the increasing adoption of wireless technology and the development of new, innovative products.

· Key players in the market include Apple, Samsung, Bose, and Sony.

· Incorporation of smart features, such as voice assistants and fitness tracking, has further increased demand for these devices.