Remote Workforces and IoT Fuel the Growth of the Global Personal Identity Management Market to 2028
DUBLIN, Sept. 28, 2023 /PRNewswire/ -- The "Personal Identity Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global personal identity management (PIM) market is experiencing substantial growth, with a market size of US$ 17.2 Billion in 2022. Projections indicate that the market will continue to flourish, aiming to reach US$ 38.4 Billion by 2028. This robust growth is expected to manifest at a remarkable compound annual growth rate (CAGR) of 13.79% during the period from 2023 to 2028.
Empowering Secure Information Management
Personal Identity Management (PIM) involves the crucial process of safeguarding and managing information and resources for organizations and individuals alike. Digital identities and credentials, such as usernames and passwords, are issued and used for authentication purposes, ensuring the protection of user profiles.
PIM solutions enable companies and individuals to securely store and manage essential information. While PIM is currently in its nascent stage, its popularity is surging globally due to recurring data breaches, heightened security threats, and the expanding digital footprint across various platforms.
Key Drivers and Trends
Several factors are driving the growth of the PIM market:
The comprehensive report segments the personal identity management market based on various parameters:
Key players in the personal identity management market include International Business Machines Corporation, Broadcom Inc., Microsoft Corporation, Oracle Corporation, Okta, Inc., Hitachi Id Systems, Inc. (Hitachi Ltd.), Dell Technologies Inc., Micro Focus International plc, SailPoint Technologies Inc., OneLogin, Inc., Delinea, Experian PLC, and Kaspersky Lab.
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/330jy6
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