Global Identity And Access Management In Healthcare Market Size, Share & Trends Analysis Report By Component (Software Solutions and Services), By End User, By Deployment, By Type, By Regional Outlook and Forecast, 2024 - 2031

Global Identity And Access Management In Healthcare Market Size, Share & Trends Analysis Report By Component (Software Solutions and Services), By End User, By Deployment, By Type, By Regional Outlook and Forecast, 2024 - 2031

The Global Identity And Access Management In Healthcare Market size is expected to reach $4.3 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.

Passwords alone are often insufficient for protecting sensitive information, especially given the prevalence of weak or reused passwords. This multifaceted approach provides a higher level of assurance that only authorized individuals can access systems and data. Therefore, the multifactor authentication segment witnessed 1/5th revenue share in the market by the year 2031. MFA addresses these weaknesses by combining something the user knows (password), something they have (security token or mobile device), and something they are (biometric factor).

The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2024, IBM Corporation came into partnership with ID Data, an access management solutions provider, to integrate IBM Security Verify with ID Data's identity verification workflows. Additionally, In June, 2024, Cisco Systems, Inc. announced a partnership with WALLIX, an access management solutions provider, to enhance industrial cybersecurity, integrating WALLIX’s PAM4OT OT. Security and Cisco Cyber Vision solutions. This partnership provides centralized, secure access management for OT environments, ensuring compliance and asset protection.

Based on the Analysis presented in the KBV Cardinal matrix; Google LLC are the forerunners in the Identity And Access Management In Healthcare Market. In June, 2023, Google LLC partnered with Mayo Clinic to integrate generative AI tools, including the Generative AI App Builder and Enterprise Search, to improve healthcare. Companies such as Amazon Web Services, Inc., Cisco Systems, Inc., IBM Corporation are some of the key innovators in Identity And Access Management In Healthcare Market.

COVID-19 Impact Analysis

Many healthcare organizations had to postpone or cancel planned IAM implementation projects due to the sudden shift in priorities. The focus on managing the immediate healthcare crisis led to the diversion of resources away from IT projects, including IAM systems, causing delays in deployment and upgrades. IAM systems faced unprecedented strain as they had to adapt quickly to secure remote access for many healthcare professionals, often leading to gaps in security and increased risks of breaches. This disruption affected the timely implementation and scaling of IAM solutions in healthcare facilities, slowing the market’s growth. Thus, the COVID-19 pandemic had a negative impact on the market.

Market Growth Factors

Healthcare professionals, including doctors, nurses, and administrative staff, interact daily with multiple systems and applications. Managing multiple usernames and passwords can be cumbersome and time-consuming, impacting overall efficiency. IAM solutions that streamline access through Single Sign-On (SSO) and unified credential management simplify the user experience by allowing healthcare workers to log in once and gain access to all necessary systems and data. IAM systems that facilitate seamless access contribute to improved service delivery and overall patient satisfaction. Thus, the demand for improved user experience and simplified access drives the market's growth.

The rise of telemedicine has led to a significant increase in remote access needs. Healthcare providers, patients, and administrative staff require secure methods to authenticate their identities from various locations. IAM systems that offer robust remote authentication solutions, such as multifactor authentication (MFA) and biometric verification, are crucial for ensuring that access to sensitive health information is secure outside traditional healthcare settings. By providing comprehensive access controls, audit trails, and secure authentication methods, IAM systems help healthcare organizations adhere to regulatory standards in remote care. In conclusion, the growth of telemedicine and remote access drives the market's growth.

Market Restraining Factors

Implementing IAM systems often requires a substantial upfront capital investment. This includes software licenses, hardware, and infrastructure costs necessary to support the IAM solution. These initial costs can be prohibitive for many healthcare organizations, particularly smaller practices or those with limited budgets. The high financial outlay required to set up IAM systems may deter organizations from adopting these solutions. Additionally, scaling IAM systems to accommodate new users, applications, or regulatory demands can involve additional expenses as organizations grow or their requirements change. Thus, the high implementation and maintenance costs impede the market's growth.

Component Outlook

Based on component, the market is divided into software solutions and services. The services segment attained 35% revenue share in the market in 2023. Healthcare organizations often have diverse and complex IT environments, including electronic health records (EHRs), clinical applications, and administrative systems. IAM service providers offer customized implementation and integration services that ensure seamless interoperability between IAM solutions and existing healthcare systems, enhancing the overall efficiency and effectiveness of identity and access management.

Deployment Outlook

On the basis of deployment, the market is segmented into on-premise and cloud. The on-premise segment recorded 33% revenue share in the market in 2023. On-premises IAM solutions offer healthcare organizations enhanced control over their identity and access management processes. Healthcare providers can implement stringent security measures tailored to their needs by hosting IAM systems on their servers. This control protects sensitive patient data from unauthorized access and cyber threats.

Type Outlook

Based on type, the market is categorized into single sign on (SSO), multifactor authentication, provisioning, directory service, and audit & compliance management. In 2023, the provisioning segment held 29% revenue share in the market. Provisioning refers to creating and managing an organization's user accounts and access rights. In healthcare, where staff turnover can be high, and roles can be complex, efficient provisioning is essential.

End Use Outlook

By end use, the market is segmented into healthcare payers, hospitals & clinics, life science companies, and others. In 2023, the hospitals & clinics segment registered 47% revenue share in the market. Hospitals and clinics handle vast amounts of sensitive patient data, including medical records, personal information, and billing details. IAM solutions ensure that only authorized personnel have access to this sensitive data. By managing user identities and controlling access based on roles and responsibilities, IAM helps protect patient information from unauthorized access and breaches.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 38% revenue share in the market in 2023. Healthcare organizations in North America handle a substantial volume of sensitive data, including Electronic Health Records (EHRs), personal health information, and financial details. IAM solutions are essential for managing this data information and that only authorized personnel can access and handle sensitive information and protecting against data breaches and unauthorized access.

Identity And Access Management In Healthcare Market Report Coverage:

Report Attribute Details

Market size value in 2023 USD 1.3 Billion

Market size forecast in 2031 USD 4.3 Billion

Base Year 2023

Historical period 2020 to 2022

Forecast Period 2024 to 2031

Revenue Growth Rate CAGR of 17.2% from 2024 to 2031

Number of Pages 308

Tables 453

Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives

Segments Covered Component, Type, Deployment, End User, Region

Country Scope

North America (US, Canada, Mexico, and Rest of North America)

• Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
• LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)

Companies Included 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.)

Recent Strategies Deployed in the Market

• Feb-2024: Fortra, LLC came into partnership with Carahsoft, an American software company, expand Fortra’s cybersecurity solutions to the Public Sector. Under the partnership, Carahsoft will distribute Fortra’s products through its extensive reseller network and government contracts, providing agencies with essential tools to enhance cybersecurity defenses and support the growing needs of public sector organizations.
• Feb-2024: Delinea Inc. announced the acquisiton of Fastpath, a leader in Identity Governance and Administration (IGA). The acquisition enhances Delinea's Privileged Access Management (PAM) capabilities.
• Oct-2023: Google released new generative AI features for healthcare, including Vertex AI Search for healthcare and life sciences. These tools help healthcare professionals find accurate clinical information from various data sources, streamline operations, and improve patient care by integrating AI search capabilities with Google Cloud’s Healthcare API and Data Engine.
• Aug-2023: Cisco took over Oort Inc., a leader in Identity Threat Detection and Response (ITDR) technology. This acquisition would strengthen Cisco’s Security Cloud and identity management capabilities across various platforms and third-party integrations.
• Jul-2023: Amazon Web Services, Inc. released AWS HealthScribe, a HIPAA-eligible service that helps healthcare software providers use generative AI to streamline clinical documentation. It automatically creates transcripts, extracts medical details, and generates summaries from doctor-patient discussions for EHR systems.

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.)

Global Identity And Access Management In Healthcare Market Report Segmentation

By Component

• Software Solutions
• Services

By End User

• Hospitals & Clinics
• Healthcare Payers
• Life Science Companies
• Other End Users

By Deployment

• Cloud
• On-premise

By Type

• Provisioning
• Single Sign On (SSO)
• Multifactor Authentication
• Directory Service
• Audit & Compliance Management

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA