Identity and Access Management (IAM) Market Set to Soar with 13.21% CAGR, Reaching USD 40.87 Billion by 2029

Identity and Access Management Market Overview

Identity and Access Management (IAM) serves as the bedrock for enterprises to manage electronic identities efficiently. IAM technology facilitates the collection, management, and initiation of user identities and their permissions, enhancing security, user experience, and reducing IT costs. IAM solutions ensure that individuals have the right access at the right time for on-premises, cloud, and hybrid systems. IAM's role has expanded, giving rise to Customer Identity and Access Management (CIAM) in response to regulations like GDPR. IT administrators rely on IAM architecture to control user access to vital information within organizations, utilizing tools such as single sign-on, two-factor authentication, multifactor authentication, and privileged access management.

Identity and Access Management Market was worth US$ 17.14 Bn in 2022 and total revenue is expected to grow at a rate of 13.21% CAGR from 2023 to 2029, reaching almost US$ 40.87 Bn in 2029.

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Identity and Access Management Market Dynamics

The growing cyber threat landscape, rising identity theft and fraud, and challenges related to IAM standards and budget constraints are influencing the Identity and Access Management Market. Insufficient budgets often hinder successful IT security operations due to the high initial and ongoing costs of IAM systems. Enterprises are increasingly adopting hybrid IAM solutions, which combine on-premises and cloud-based technology to enjoy the benefits of both. This market shift, coupled with subscription-based models and pay-per-use options, is expanding IAM service providers' market share.

What are Identity and Access Management Market Dynamics?

Identity and Access Management Market Segmentation?

by Component

Provisioning
Directory Services
Password Management
Audit, Compliance, and Governance
Single Sign-On
Advanced Authentication

The market is divided into Provisioning, Directory Services, Audit, Compliance and Governance, Single Sign-On, and Advanced Authentication sub-sectors based on Component. The provisioning component category dominated the identity and access management market in 2022 with over 30% in sales. Businesses must have a process in place to manage identities in their IT infrastructure since more and more people are gaining access to systems and apps. User provisioning is essential to the execution of an identity lifecycle since it allows for the creation, modification, deactivation, and removal of user accounts and profiles in business applications and IT infrastructure.

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Deployment Type

Cloud
On-Premises

The market is further divided into Cloud and On-Premise segments based on the type of development. In2022, the market was oversaturated with on-premise options. representing over 53.0% of total income. Prominent enterprises derive economic advantages from automated user provisioning, in addition to enhanced auditability and compliance for their entire SaaS array, encompassing Yammer, WebEx, Google Apps, and Box.net. However, it is anticipated that the other two would gain market share from the segment by 2025.

by Vertical

BFSI
Telecom & IT
Public Sector & Utilities
Energy
Education
Manufacturing
Healthcare & Life Sciences
Others

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Who are Identity and Access Management Market Key Players?

1. CA Technologies 2. Centrify 3. One Identity LLC 4. ForgeRock Inc. 5. HID Global Corporation 6. IBM Corporation 7. McAfee 8. Microsoft Corporation 9. NetIQ Corporation 10.Okta Inc. 11.One Login Inc. 12.Oracle Corporation 13.Ping Identity 14.SecureAuth 15.Evidian 16.Intel Corporation 17.Salesforce 18.Broadcom 19.Ubisecure 20.CyberArk 21.SAP 22.SailPoint Technologies 23.Saviynt 24.SecureAuth Corporation

Table of content for the Identity and Access Management Market includes:

Part 01: Executive Summary

Part 02: Scope of the Identity and Access Management Market Report

Part 03: Global Identity and Access Management Market Landscape

Part 04: Global Identity and Access Management Market Sizing

Part 05: Global Identity and Access Management Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: North America led the market with over 38% market share in 2022, driven by a favorable regulatory environment. State and federal initiatives addressing cybersecurity challenges and strengthening authentication procedures have propelled regional growth.
The report aims to provide a comprehensive analysis of the Global Identity and Access Management Market, offering insights into industry status, future trends, and key players. The report includes various analyses, including PORTER and PESTEL, to assess micro-economic factors' impact on the market. It also analyzes external and internal factors affecting the industry, providing decision-makers with a clear view of the industry's future.

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