The identity and access management market size has grown rapidly in recent years. It will grow from $16.23 billion in 2023 to $18.83 billion in 2024 at a compound annual growth rate (CAGR) of 16%. The growth observed in the historical period can be attributed to factors such as the increasing prevalence of cyber threats, a rising adoption of cloud services, initiatives related to digital transformation, and compliance with regulatory requirements. These elements have collectively contributed to the evolution and adoption of Identity and Access Management (IAM) solutions.
The identity and access management market size is expected to see rapid growth in the next few years. It will grow to $33.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The anticipated growth in the forecast period can be attributed to factors such as the integration of biometric authentication, the increasing proliferation of Internet of Things (IoT) devices, and the broader trends of adopting cloud-based technology, multi-factor authentication, adaptive access control, and the adoption of blockchain technology. These trends represent the evolving landscape of Identity and Access Management (IAM) solutions in response to emerging technological advancements and security requirements.
The escalating frequency of cyber threats is anticipated to drive the expansion of the identity and access management market in the foreseeable future. Cyber threats encompass potential risks associated with malicious activities aimed at compromising data integrity through diverse tactics targeting computer systems, networks, and digital information. The proliferation of emerging technologies provides cybercriminals with an increasingly anonymous and decentralized means to execute unauthorized access and malware attacks. Identity and access management functions as the primary line of defense, facilitating secure user privilege management, authentication, and authorization to mitigate the impact of cyber threats and enhance overall cybersecurity resilience. Notably, in February 2023, the Cyber Security Centre reported a 13% surge in cybercrime reports in 2022, totaling 76,000 cases, emphasizing the urgency for robust identity and access management solutions.
Prominent enterprises within the identity and access management market are actively investing in cutting-edge technologies, such as machine learning algorithms, to gain a competitive advantage. Machine learning algorithms, which enable computers to recognize patterns and make data-driven predictions without explicit programming, are being leveraged to enhance security measures. In June 2023, Microsoft Corporation introduced Microsoft Entra Identity Governance, a sophisticated suite of identity governance capabilities aimed at assisting organizations in managing access to critical assets, fortifying security measures, and meeting compliance and regulatory standards. This solution incorporates advanced technologies, including entitlement management, access reviews, lifecycle workflows, and privileged identity management, to ensure controlled access to critical assets, enhance productivity, and uphold compliance regulations.
In March 2022, AVAST Software s.r.o., a cybersecurity software company based in the Czech Republic, successfully acquired Secure Key Technologies Inc. This undisclosed transaction expands Avast's portfolio in the realm of identity management and digital authentication. The acquisition positions Avast to develop a global and reusable digital identity framework, laying the foundation for a new trust layer on the internet. Secure Key Technologies, headquartered in Canada, specializes in providing digital identity and authentication solutions. The synergy resulting from this acquisition aligns with Avast's objective of bolstering its capabilities in the evolving landscape of cybersecurity.
Major companies operating in the identity and access management market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, The International Business Machines (IBM) Corporation, SecureAuth Corporation, OneLogin Inc., Broadcom Inc., Thales Group, Evidian S.A., Akamai Technologies, Micro Focus International plc, Okta Inc., Netwrix Corporation, RSA Security LLC, CyberArk Software Inc., Ping Identity Corporation, Delinea, ForgeRock Inc., Simeio Solutions, One Identity LLC, Avatier Corporation.
North America was the largest region in the identity and access management (IAM) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the identity and access management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the identity and access management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Identity and Access Management (IAM) serves as a vital IT security practice, framework, and suite of solutions crafted to oversee digital identities and regulate user access to critical information within enterprises. IAM plays a crucial role in aiding organizations to meet regulatory obligations and showcase diligence in protecting sensitive data.
The key components of Identity and Access Management (IAM) include provisioning, directory service, Single Sign-On (SSO), password management, advanced authentication, audit, compliance, governance, and others. Provisioning involves the process of setting up and managing access to resources, such as software, hardware, or data, for users or devices within an organization. This functionality is utilized by various sectors, including large enterprises and small to medium enterprises (SMEs) across industries such as banking, financial services, and insurance (BFSI), energy, oil and gas, information technology (IT) and telecommunications, education, healthcare, public sector and utilities, manufacturing, and other end-users.
The identity and access management market research report is one of a series of new reports that provides identity and access management market statistics, including identity and access management industry global market size, regional shares, competitors with an identity and access management market share, detailed identity and access management market segments, market trends and opportunities, and any further data you may need to thrive in the identity and access management industry. This identity and access management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The identity and access management (IAM) market consists of revenues earned by entities by providing services such as identity lifecycle management, identity federation, security analytics and threat detection, role-based access control. The market value includes the value of related goods sold by the service provider or included within the service offering. The identity and access management (IAM) market also includes sales of privileged access management (PAM) solutions, multi-factor authentication (MFA) solutions and access management tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The identity and access management market size is expected to see rapid growth in the next few years. It will grow to $33.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The anticipated growth in the forecast period can be attributed to factors such as the integration of biometric authentication, the increasing proliferation of Internet of Things (IoT) devices, and the broader trends of adopting cloud-based technology, multi-factor authentication, adaptive access control, and the adoption of blockchain technology. These trends represent the evolving landscape of Identity and Access Management (IAM) solutions in response to emerging technological advancements and security requirements.
The escalating frequency of cyber threats is anticipated to drive the expansion of the identity and access management market in the foreseeable future. Cyber threats encompass potential risks associated with malicious activities aimed at compromising data integrity through diverse tactics targeting computer systems, networks, and digital information. The proliferation of emerging technologies provides cybercriminals with an increasingly anonymous and decentralized means to execute unauthorized access and malware attacks. Identity and access management functions as the primary line of defense, facilitating secure user privilege management, authentication, and authorization to mitigate the impact of cyber threats and enhance overall cybersecurity resilience. Notably, in February 2023, the Cyber Security Centre reported a 13% surge in cybercrime reports in 2022, totaling 76,000 cases, emphasizing the urgency for robust identity and access management solutions.
Prominent enterprises within the identity and access management market are actively investing in cutting-edge technologies, such as machine learning algorithms, to gain a competitive advantage. Machine learning algorithms, which enable computers to recognize patterns and make data-driven predictions without explicit programming, are being leveraged to enhance security measures. In June 2023, Microsoft Corporation introduced Microsoft Entra Identity Governance, a sophisticated suite of identity governance capabilities aimed at assisting organizations in managing access to critical assets, fortifying security measures, and meeting compliance and regulatory standards. This solution incorporates advanced technologies, including entitlement management, access reviews, lifecycle workflows, and privileged identity management, to ensure controlled access to critical assets, enhance productivity, and uphold compliance regulations.
In March 2022, AVAST Software s.r.o., a cybersecurity software company based in the Czech Republic, successfully acquired Secure Key Technologies Inc. This undisclosed transaction expands Avast's portfolio in the realm of identity management and digital authentication. The acquisition positions Avast to develop a global and reusable digital identity framework, laying the foundation for a new trust layer on the internet. Secure Key Technologies, headquartered in Canada, specializes in providing digital identity and authentication solutions. The synergy resulting from this acquisition aligns with Avast's objective of bolstering its capabilities in the evolving landscape of cybersecurity.
Major companies operating in the identity and access management market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, The International Business Machines (IBM) Corporation, SecureAuth Corporation, OneLogin Inc., Broadcom Inc., Thales Group, Evidian S.A., Akamai Technologies, Micro Focus International plc, Okta Inc., Netwrix Corporation, RSA Security LLC, CyberArk Software Inc., Ping Identity Corporation, Delinea, ForgeRock Inc., Simeio Solutions, One Identity LLC, Avatier Corporation.
North America was the largest region in the identity and access management (IAM) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the identity and access management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the identity and access management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Identity and Access Management (IAM) serves as a vital IT security practice, framework, and suite of solutions crafted to oversee digital identities and regulate user access to critical information within enterprises. IAM plays a crucial role in aiding organizations to meet regulatory obligations and showcase diligence in protecting sensitive data.
The key components of Identity and Access Management (IAM) include provisioning, directory service, Single Sign-On (SSO), password management, advanced authentication, audit, compliance, governance, and others. Provisioning involves the process of setting up and managing access to resources, such as software, hardware, or data, for users or devices within an organization. This functionality is utilized by various sectors, including large enterprises and small to medium enterprises (SMEs) across industries such as banking, financial services, and insurance (BFSI), energy, oil and gas, information technology (IT) and telecommunications, education, healthcare, public sector and utilities, manufacturing, and other end-users.
The identity and access management market research report is one of a series of new reports that provides identity and access management market statistics, including identity and access management industry global market size, regional shares, competitors with an identity and access management market share, detailed identity and access management market segments, market trends and opportunities, and any further data you may need to thrive in the identity and access management industry. This identity and access management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The identity and access management (IAM) market consists of revenues earned by entities by providing services such as identity lifecycle management, identity federation, security analytics and threat detection, role-based access control. The market value includes the value of related goods sold by the service provider or included within the service offering. The identity and access management (IAM) market also includes sales of privileged access management (PAM) solutions, multi-factor authentication (MFA) solutions and access management tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Identity and Access Management Market Characteristics3. Identity and Access Management Market Trends and Strategies32. Global Identity and Access Management Market Competitive Benchmarking33. Global Identity and Access Management Market Competitive Dashboard34. Key Mergers and Acquisitions in the Identity and Access Management Market
4. Identity and Access Management Market - Macro Economic Scenario
5. Global Identity and Access Management Market Size and Growth
6. Identity and Access Management Market Segmentation
7. Identity and Access Management Market Regional and Country Analysis
8. Asia-Pacific Identity and Access Management Market
9. China Identity and Access Management Market
10. India Identity and Access Management Market
11. Japan Identity and Access Management Market
12. Australia Identity and Access Management Market
13. Indonesia Identity and Access Management Market
14. South Korea Identity and Access Management Market
15. Western Europe Identity and Access Management Market
16. UK Identity and Access Management Market
17. Germany Identity and Access Management Market
18. France Identity and Access Management Market
19. Italy Identity and Access Management Market
20. Spain Identity and Access Management Market
21. Eastern Europe Identity and Access Management Market
22. Russia Identity and Access Management Market
23. North America Identity and Access Management Market
24. USA Identity and Access Management Market
25. Canada Identity and Access Management Market
26. South America Identity and Access Management Market
27. Brazil Identity and Access Management Market
28. Middle East Identity and Access Management Market
29. Africa Identity and Access Management Market
30. Identity and Access Management Market Competitive Landscape and Company Profiles
31. Identity and Access Management Market Other Major and Innovative Companies
35. Identity and Access Management Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Identity And Access Management Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on identity and access management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for identity and access management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The identity and access management market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Provisioning; Directory Service; Single Sign-On (SSO); Password Management; Advanced Authentication; Audit, Compliance, And Governance; Other Components.2) By Enterprise Size: Large Enterprises; Small And Medium Enterprises (SMEs)
3) By End-user: Banking, Financial Services, And Insurance (BFSI); Energy, Oil And Gas; Information Technology (IT) And Telecommunication; Education; Healthcare; Public Sector And Utilities; Manufacturing; Other End-users.
Key Companies Mentioned: Microsoft Corporation; Amazon Web Services Inc.; Intel Corporation; The International Business Machines (IBM) Corporation; SecureAuth Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 18.83 Billion |
Forecasted Market Value ( USD | $ 33.77 Billion |
Compound Annual Growth Rate | 15.7% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |