Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Identity and Access Management Market Overview, Analysis growth in Market

Identity access management (IAM) is a security architecture that provides end users with secure access to a variety of applications. Authorized user access requests, automated account provisioning across heterogeneous systems, password management, control over user access to target systems via automated policies and workflows, and access certification processes are all part of IAM's basic functionality, which aids organisations in protecting their IT infrastructure. With the support of security rules, context-based access control, and business-driven identity governance, identity and access management solutions secure organisations' important information and applications, which are projected to be factors fueling Identity and Access Management Market expansion.

 

Identity and Access Management Market
Identity and Access Management Market

Cloud-based IAM solution provides growth opportunity to the market

One of the primary driving factors for market growth is the cost-effectiveness of cloud-based IAM services. Enterprises are rapidly embracing cloud-based applications, resulting in increased cloud traffic. Global cloud IP traffic is estimated to exceed 14 ZB by the end of 2020, up from 4 ZB in 2015. Furthermore, cloud-based IAM will assist organisations in reducing infrastructure costs and reducing the complexity of administering access controls and compliance for users by preventing data breaches.

 

BFSI segment is expected to account for the largest market share during the forecasted period

The BFSI vertical is predicted to have the greatest market share throughout the forecasted period, based on verticals. The operations of banks and financial organisations are conducted in a secure environment. IAM solutions are rapidly being used in the BFSI industry to increase risk management and fraud detection, as they aid in the prevention of online fraud transactions, credit card-related operations, and insurance claims. As a result, numerous large financial institutions are abandoning traditional solutions in favour of integrating IAM technologies to expedite their processes. Another factor driving IAM adoption in the BFSI sector is the acceptance of hybrid deployment models for cost-effective operation.


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Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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