USD 13.32 Billion
Report ID:
SQMIG45B2126 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
202
|Figures:
80
Identity and Access Management (IAM) Market size was valued at USD 15.4 Billion in 2023 and is poised to grow from USD 17.8 Billion in 2024 to USD 56.39 Billion by 2032, growing at a CAGR of 15.6% during the forecast period (2025-2032).
Identity and access management (IAM) solutions are used to manage identities in an organization and secure them. Growing emphasis on security in the wake of surging cyberattacks and evolving threat landscape is projected to bolster the demand for identity and access management (IAM) in the future. The growing popularity of remote work trend and high adoption of cloud-based platforms and applications are forecasted to augment the identity and access management (IAM) market growth over the coming years. Identity and access management (IAM) companies can also integrate their offering with advanced technologies such as artificial intelligence and machine learning to improve their application scope in the long run. On the contrary, complexity of deployment and integration and consent management are slated to be the key constraints for market development across the forecast period and beyond.
Global Market Size
USD 13.32 Billion
Largest Segment
Workforce IAM
Fastest Growth
Workforce IAM
Growth Rate
15.6% CAGR
To get more reports on the above market click here to Buy The Report
The global identity and access management (IAM) market is segmented based on component, deployment, industry vertical, and region. In terms of component, the market is bifurcated into audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on. Based on deployment, the market is divided into cloud, hybrid, and on-premises. In terms of industry vertical, the market is segmented into BFSI, energy, oil & gas, telecom & IT, education, healthcare, public sector & utilities, manufacturing, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Component
The provision segment is projected to account for a major chunk of the global identity and access management (IAM) market share at present. Provisioning promotes better compliance with regulations and reduces the possibility of manual errors, which is why it has become an integral part of any kind of identity and access management (IAM) solution.
Demand for multifactor authentication is projected to surge at a rapid pace over the coming years. Growing demand for better security and rapidly evolving threat landscape are estimated to bolster identity and access management (IAM) market growth via this segment going forward.
Analysis by Deployment
On-premises identity and access management (IAM) solutions are projected to account for a prominent chunk of the global identity and access management (IAM) market. Enhanced security and no requirement of external network connections makes on-premises identity and access management (IAM) solutions popular among organizations who prioritize their security.
Meanwhile, the demand for cloud-based identity and access management (IAM) is projected to increase at a rapid pace owing to growing popularity and acceptance of cloud technologies. Growing emphasis on reducing operational costs and IT infrastructure costs are also estimated to promote identity and access management (IAM) market growth via this segment in the long run.
To get detailed analysis on other segments, Request For Free Sample Report
North America is estimated to account for a substantial share of the global identity and access management (IAM) market. Growing adoption of remote work and rising emphasis on improving security are estimated to be key factors allowing this region to dominate the global landscape. Surging adoption of cloud-based platforms and growing incidence of cyberattacks are also predicted to augment the adoption of identity and access management (IAM) in this region going forward. Canada and the United States are forecasted to be the leading markets in this region.
Meanwhile, the demand for identity and access management (IAM) in Asia Pacific is slated to rise at a robust CAGR over the coming years. Rising digital transformation in this region and high investments in securing identities and data by organizations are projected to promote the demand for identity and access management (IAM) in the long run. China, India, Japan, and South Korea are estimated to be the top markets for identity and access management (IAM) companies in the Asia Pacific region going forward.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Identity and Access Management (IAM) Market Drivers
Rising Incidence of Cyberattacks
Growing Mobile Workforce and High Use of Cloud Platforms
Restraints
Complex Deployment and Integration
Consent Management
Request Free Customization of this report to help us to meet your business objectives.
Identity and access management (IAM) providers should focus on simplifying the integration and deployment process of their solutions to improve their revenue generation potential. Identity and access management (IAM) companies can also collaborate and partner with other digital security solution providers to maximize their business reach in the future. Mergers and acquisitions will also help identity and access management (IAM) market players maximize their business presence on a global level.
Identity and Access Management (IAM) Market Top Player’s Company Profiles
Identity and Access Management (IAM) Market Recent Developments
In April 2023, Saviynt announced that it teamed with the Worlds Technology and Consulting Giants like IBM to introducing New Saviynt Thus bringing to market Solution Exchange. It is a Hospitality Store of Ready-to-Improve Solutions that Help Organizations Scale Cloud Identity Security Eventually.
In March 2023, CyberArk released improvement in its Workforce Password Management Software. Some new capabilities Access control of High-Risk High Value Business Applications where the Web Application Firewall can assist business and help them secure and minimize risk.
In November 2022 Okta announced the Workforce Identity Cloud Innovations to Drive Business Security, Productivity and Resilience. New this will fortify single SCP for managing identity of all resources and enterprise users.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rising incidence of data breaches and cyberattacks and increasing demand for better data security are projected to boost the demand for identity and access management (IAM) over the coming years. However, complexity in deployment and consent management are forecasted to impede identity and access management (IAM) market growth in the long run. North America is projected to hold sway over global identity and access management (IAM) demand outlook owing to the presence of developed IT infrastructure. Integration of AI will be a key trend for identity and access management (IAM) companies looking to maximize their business scope in the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 15.4 Billion |
Market size value in 2032 | USD 56.39 Billion |
Growth Rate | 15.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered | |
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Identity and Access Management (IAM) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Identity and Access Management (IAM) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Identity and Access Management (IAM) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Identity and Access Management (IAM) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45B2126
sales@skyquestt.com
USA +1 351-333-4748