Identity and Access Management Market
Growth Factors of Identity And Access Management Market
The identity and access management market size was valued at USD 16.48 billion in 2023, and the market is now projected to grow from USD 18.58 billion in 2024 to USD 56.98 billion by 2032, exhibiting a CAGR of 15.0% during the forecast period of 2024-2032.
Pandemic has considerably impacted global operations, leading to the adoption of remote work and cloud tech. This has raised concerns about facts protection and privateness. Additionally, economic disruption, cybercrimes, and identity fraud have accelerated the adoption of identity and access management solutions.
The rapid adoption of cloud technology has caused growth in cybercrimes and fraudulent sports, prompting businesses to undertake Identity and Access Management (IAM) structures. IAM carriers use identification analytics and intelligence to display unusual sports, pick out policy violations, delete idle money owed, and dispose of beside the point get right of entry to privileges, thereby fueling the identity and access management market growth.
Blockchain-based identity and access management (IAM) services have the potential to revolutionize traditional IAM, as they offer secure, transparent platforms for protecting personal and organizational identities from cyberattacks and fraudulent activities. Governments and organizations are investing in these solutions, as seen in Switzerland's Zug offering digital I.D.s since 2017. Blockchain-based totally IAM systems also lessen prices and operational risks by way of removing intermediaries, records, and replicated identification repositories. The growing adoption of blockchain technology is expected to boost the demand for such systems within the coming years.
Comprehensive Analysis of Identity And Access Management Market
The global identification and get right of entry to management marketplace is segmented into provisioning, listing offerings, single sign-on, password control, superior authentication, audit, compliance, and governance. The provisioning phase held the most important market percentage in 2020, with OneLogin offering multi-function unmarried sign-on for Amazon Web Services (AWS) get right of entry to control. The single sign-on segment is expected to grow with the highest CAGR. The market is bifurcated into cloud and on-premises solutions, with cloud-based totally IAM solution expected to be the quickest-growing segment. Large enterprises are predicted to keep the largest marketplace percentage, as they spend money on advanced era solutions to make certain purchaser identity protection. The market is also segmented into BFSI, healthcare and life sciences, manufacturing, retail and client packaged items, I.T. And telecom, authorities, training, and electricity and utilities. The healthcare and lifestyles-science phase is predicted to expose the highest increase because of growing digitalization and regulatory compliances.
The North America region lead the identity and access management market share by benefitting a market size of USD 5.98 billion in 2023 due to the upward push of remote work, cloud generation, and cyberattacks. Key companies like Amazon Web Services, Akamai Technologies, H.P. Development Company L.P., Microsoft Corporation, Oracle Corporation, and IBM Corporation are using this growth.
The identification and get admission to govern (IAM) marketplace is being fashioned through agencies making an investment in superior technologies and increasing their presence via acquisitions, partnerships, and mergers. Key game enthusiasts embody ForgeRock, a US-based software program company, and MULTIVAC, a Germany-primarily based packaging answers manufacturer. Other key agencies profiled encompass Amazon Web Services, Akamai Technologies, H.P. Development Company, Microsoft, Oracle, IBM, EorgeRock, and Thales Group.
In June 2023, Ekco, a secure cloud solution provider, was awarded Microsoft's Identity & Access Management Specialization for its expertise in deploying Microsoft Identity workloads with Azure AD.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 15.0% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Component
- Provisioning
- Directory Service
- Single Sign-On
- Password Management
- Advanced Authentication
- Audit, Compliance, and Governance
- Others (access management and authorization, verification etc.)
By Deployment Model
By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
By Vertical
- BFSI
- Telecom and I.T.
- Retail and Consumer Packed Goods
- Government
- Energy Utilities
- Education
- Manufacturing
- Healthcare and Life Sciences
- Others
By Region
- North America (By Component, By Type, By Deployment, By Application, By Industry, By Country)
- U.S.
- Canada
- Europe (By Component, By Type, By Deployment, By Application, By Industry, By Country)
- U.K.
- Germany
- France
- Scandinavia
- Rest of Europe
- Asia Pacific (By Component, By Type, By Deployment, By Application, By Industry, By Country)
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa (By Component, By Type, By Deployment, By Application, By Industry, By Country)
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America (By Component, By Type, By Deployment, By Application, By Industry, By Country)
- Brazil
- Mexico
- Rest of Latin America
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