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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).  

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)'

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. 

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. 

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. 

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Global Identity and Access Management (IAM) Market

Product ID: SQMIG45B2126

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