What is the global market size of Identity and Access Management (IAM) Market?

Global Identity and Access Management (IAM) Market size was valued at USD 15.9 billion in 2022 and is poised to grow from USD 17.89 billion in 2023 to USD 45.9 billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).

What is the key market trend for Global Identity and Access Management (IAM) Market?

Use of Artificial Intelligence and Machine Learning: Edge security vendors can focus on developing new solutions that have improved threat detection by utilizing AI and ML. Companies can analyze threats in real-time and evolve the edge security solution at the same time by using the technologies.

Identity and Access Management (IAM) Market Size, Share, Growth Analysis, By Component(Audit, Compliance & Governance, Directory Service, Multifactor Authentication), By Deployment(Cloud, Hybrid, and On-premise), By Industry Vertical(BFSI, Energy, Oil & Gas, Telecom & IT), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45B2126 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 202 | Figures: 80

Identity and Access Management (IAM) Market News

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.

Identity and Access Management (IAM) Market Report Snapshots

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Global Identity and Access Management (IAM) market size was valued at USD 13.32 Billion in 2022 and is expected to grow from USD 15.4 Billion in 2023 to reach USD 48.78 Billion by 2031, at a CAGR of 15.6% during the forecast period (2024-2031).

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. 'Salesforce Inc. ', 'OneLogin ', 'Broadcom ', 'SecureAuth ', 'Microsoft ', 'CyberArk ', 'Evdian ', 'ForgeRock ', 'Okta Inc. ', 'One Identity LLC ', 'IBM', 'ORACLE CORPORATION ', 'HID Global ', 'McAfee ', 'Ping Identity'

The threat landscape is continuously evolving, and this has resulted in a high prevalence of data breaches and cyberattacks around the world. Identity and access management (IAM) solutions help fend off cyberattacks and improve the security of organization’s data, which is why their adoption is projected to increase in the future.

Use of Artificial Intelligence: Identity and access management (IAM) vendors can focus on developing new solutions that are integrated with artificial intelligence to improve the capabilities of IAM solutions such as verification and authentication.

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.

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Identity and Access Management (IAM) Market News

Identity and Access Management (IAM) Market Report Snapshots

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