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 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).

Who are the key vendors in the Identity and Access Management (IAM) Market?

Global Identity and Access Management (IAM) market is characterized by rapid innovation and intense competition, driven by the increasing need for robust security solutions in the face of growing cyber threats. Emerging companies like Ping Identity and CyberArk are gaining traction with specialized, cutting-edge offerings that cater to specific industry needs, such as healthcare and finance. The market is also seeing a surge in demand for cloud-based IAM solutions, fueled by the ongoing digital transformation across enterprises. As organizations continue to prioritize cybersecurity and regulatory compliance, the IAM market is poised for significant growth, with vendors striving to offer scalable, user-friendly, and cost-effective solutions to secure critical data and systems. 'Microsoft (US) ', 'Okta (US) ', 'IBM (US) ', 'Oracle (US) ', 'Salesforce Inc (US) ', 'Ping Identity (US) ', 'HID Global (US) ', 'ForgeRock (US) ', 'CyberArk (US) ', 'Micro Focus (US) ', 'Thales (France) ', 'RSA Security (US) ', 'Avatier (US) ', 'ManageEngine (US) ', 'SecureAuth (US) ', 'EmpowerID (US) ', 'SAP (Germany) ', 'Simeio (Georgia) ', 'One Identity (US) ', 'FusionAuth (US)'

What is the key driver of Identity and Access Management (IAM) Market?

As the numbers and strength of the cyber-threats and hackers increase, companies are investing in better IAM systems to ensure the security of data and controlled access. This has greatly accelerated the usage of IAM systems in different sectors.

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

Adoption of Cloud-Based IAM Solutions: There is a growing trend towards cloud-based IAM solutions due to their scalability, flexibility, and cost-effectiveness. These solutions enable organizations to manage identities and access controls more efficiently across different environments, including on-premises, cloud, and hybrid setups.

Which region accounted for the largest share in Identity and Access Management (IAM) Market?

North America dominates the market globally and is regarded as having the most developed infrastructure and adoption of cyber technologies. To address the risk of cybersecurity, the administration of the region has deemed it as the most significant threat to both the growth of economy and security of the nation. This is due to the emerging requirements of the diverse coming workforce, integration of cloud applications, continued prevalence of the bring your own device concept, and the need for compliance with regulations among organizations in North America. Currently, there is always more emphasis on IAM, and different firms are trying to invest their efforts into talking about and ideating better IAM solutions. Risk and fraud analysis, measures in privacy, governance, and structures, enforcement of governance controls, management, compliance, and SIEM solutions are some of the areas where IAM solutions assist organizations.

Identity and Access Management (IAM) Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the identity and access management (iam) market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Identity and Access Management (IAM) Market Dynamics

Identity and Access Management (IAM) Market Drivers

Rising Incidence of Cyberattacks

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.

Growing Mobile Workforce and High Use of Cloud Platforms

Increasing number of remote workers around the world has also increased the risk of cyberattacks and data breaches on a cloud platform. Identity and access management (IAM) solutions help manage mobile workforce and safeguard cloud platforms from any data breaches.

Identity and Access Management (IAM) Market Restraints

Complex Deployment and Integration

Deploying and integrating identity and access management (IAM) solutions with IT infrastructure could be a very challenging task as they have various security tools and authentication measures. This complexity could hinder the adoption of identity and access management (IAM) in the long run.

Consent Management

Identity and access management (IAM) solutions need to comply with data privacy regulations and ensure consent from users whose data is stored and secured. Managing consent on an enterprise level whilst maintaining privacy compliance could slow down identity and access management (IAM) demand outlook going forward.

Identity and Access Management (IAM) Market Report Snapshots

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Identity and Access Management (IAM) Market size was valued at USD 15.4 Billion in 2023 and is poised to grow from USD 17.8 Billion in 2024 to USD 56.39 Billion by 2032, growing at a CAGR of 15.6% during the forecast period (2025-2032).

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

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