What is Credential Management Solutions Market?
Credential management solutions are used to control access to sensitive data, organizations require user credentials. Deploying a sound credential management system—or several credential management systems—is critical to secure all systems and information. Authorities must be able to create and revoke credentials as customers and employees come and go or simply change roles, and as business processes and policies evolve. Furthermore, the rise of privacy regulations and other security mandates increases the need for organizations to demonstrate the ability to validate the identity of online consumers and internal privileged users.
The market study is being classified, by Application (Appointment Management, Committee Management, Document Management, Online Applications, Privileging and Others) and major geographies with country level break-up.
SkyXoft Technologies, Inc. (Canada), Smartsheet Inc. (United States), MedTrainer (United States), Hyland Software (United States), ideal privileges (United States), SkillSurvey (United States), NetForum (united States), Applied Statistics & Management (United States), Vistaar Technologies, Inc. (United States) and IntelliSoft Group (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Silversheet (United States), Accredible (United States) and Newport Credentialing Solutions (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.The Players having a strong hold in the market are SkyXoft Technologies, Inc., Smartsheet Inc., MedTrainer, and Hyland Software. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Credential Management Solutions market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Credential Management Solutions market by Type, Application and Region.
On the basis of geography, the market of Credential Management Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Number of Data Breaches and Cyberattacks across the World
- Effective Management of Cryptographic Keys
- Stringent Government Regulations for Security and Privacy of Data
- Tamper-Evident and Intrusion-Resistant HSMs Provide the Highest Level of Physical Security
- Cost Associated With Credential Management Solutions
- Demand for Credential Management Solutions for Data Security in the Cloud Environment
- Achieve Point-To-Point Encryption by Complying With PCI Standards
- Secure Management of Data and Encryption Keys across Private, Public, or Hybrid Environments
Key Target AudienceElectrical panel Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other