The Latin America, Middle East and Africa Identity and Access Management Market is expected to witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Identity and Access Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $889.1 million by 2031. The Argentina market is registering a CAGR of 16.3% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 13.6% during 2024-2031.
The rise of insider threats from employees, contractors, and partners has increased the demand for IAM solutions to manage and control access securely. The "least privilege" principle is enforced by IAM systems, which ensure that users are granted only the minimal amount of access required to perform their duties, thereby restricting their capacity to misuse data.
Moreover, a financial institution can restrict an entry-level employee in accounting from viewing executive-level financial records. If an employee’s role changes, IAM solutions automatically update access permissions, preventing inappropriate access. Additionally, IAM solutions use machine learning to detect abnormal behaviors, like an employee accessing files at odd hours or a contractor trying to access patient records outside of their project. Such capabilities allow organizations to flag suspicious activity and respond before it escalates into a larger issue.
Governments in these regions are increasingly focused on data protection and cybersecurity, implementing policies that encourage IAM adoption across industries. In the United Arab Emirates (UAE), the growing demand for IAM solutions is closely tied to the nation’s ambitious manufacturing goals. With a vision to expand the manufacturing sector by 30% and increase GDP by $6.8 billion by 2031, the UAE is rapidly embracing digital and Industry 4.0 technologies, including IoT, robotics, and artificial intelligence. This modernization drive necessitates strong IAM systems to secure access to advanced manufacturing processes and protect proprietary data.
The UAE government has introduced cybersecurity strategies, such as the National Cybersecurity Strategy, which aims to safeguard critical infrastructure and foster a secure digital economy. By implementing IAM solutions, UAE manufacturers can control access to sensitive industrial systems and protect intellectual property, supporting security and innovation in their journey toward economic growth.
The Brazil market dominated the LAMEA Identity and Access Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $889.1 million by 2031. The Argentina market is registering a CAGR of 16.3% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 13.6% during 2024-2031.
The rise of insider threats from employees, contractors, and partners has increased the demand for IAM solutions to manage and control access securely. The "least privilege" principle is enforced by IAM systems, which ensure that users are granted only the minimal amount of access required to perform their duties, thereby restricting their capacity to misuse data.
Moreover, a financial institution can restrict an entry-level employee in accounting from viewing executive-level financial records. If an employee’s role changes, IAM solutions automatically update access permissions, preventing inappropriate access. Additionally, IAM solutions use machine learning to detect abnormal behaviors, like an employee accessing files at odd hours or a contractor trying to access patient records outside of their project. Such capabilities allow organizations to flag suspicious activity and respond before it escalates into a larger issue.
Governments in these regions are increasingly focused on data protection and cybersecurity, implementing policies that encourage IAM adoption across industries. In the United Arab Emirates (UAE), the growing demand for IAM solutions is closely tied to the nation’s ambitious manufacturing goals. With a vision to expand the manufacturing sector by 30% and increase GDP by $6.8 billion by 2031, the UAE is rapidly embracing digital and Industry 4.0 technologies, including IoT, robotics, and artificial intelligence. This modernization drive necessitates strong IAM systems to secure access to advanced manufacturing processes and protect proprietary data.
The UAE government has introduced cybersecurity strategies, such as the National Cybersecurity Strategy, which aims to safeguard critical infrastructure and foster a secure digital economy. By implementing IAM solutions, UAE manufacturers can control access to sensitive industrial systems and protect intellectual property, supporting security and innovation in their journey toward economic growth.
List of Key Companies Profiled
- IBM Corporation
- Google LLC
- Cisco Systems, Inc.
- Oracle Corporation
- Broadcom, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NEC Corporation
- Fortra, LLC (HGGC)
- Ping Identity Holding Corp. (Thoma Bravo, L.P.)
- Delinea Inc. (TPG Inc.)
Market Report Segmentation
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Deployment
- On-premise
- Hybrid
- Cloud
By Component
- Provisioning
- Multifactor Authentication (MFA)
- Audit, Compliance & Governance
- Password Management
- Single Sign-On (SSO)
- Directory Service
By End-use
- Public Sector & Utilities
- BFSI
- Telecom & IT
- Manufacturing
- Healthcare
- Education
- Energy, Oil & Gas
- Other End-use
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Identity and Access Management Market by Organization Size
Chapter 6. LAMEA Identity and Access Management Market by Deployment
Chapter 7. LAMEA Identity and Access Management Market by Component
Chapter 8. LAMEA Identity and Access Management Market by End-use
Chapter 9. LAMEA Identity and Access Management Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Google LLC
- Cisco Systems, Inc.
- Oracle Corporation
- Broadcom, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NEC Corporation
- Fortra, LLC (HGGC)
- Ping Identity Holding Corp. (Thoma Bravo, L.P.)
- Delinea Inc. (TPG Inc.)
Methodology
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