Identity and Access Management Market: Securing Tomorrow's Digital Frontiers (2023-2029)

Identity and Access Management Market Set to Soar, Expected to Reach Nearly US$ 41 Billion by 2029

In a dynamic digital landscape, the Identity and Access Management (IAM) Market is poised for unprecedented growth, with a worth of US$ 17.14 billion in 2022. Forecasts predict a remarkable 13.21% Compound Annual Growth Rate (CAGR) from 2023 to 2029, reaching a staggering US$ 40.87 billion. IAM systems, the cornerstone for managing electronic identities, are becoming indispensable for enterprises seeking enhanced security, streamlined access, and improved user experiences.

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Cyber Threat Landscape Driving Market Growth

The surge in cyber threats, highlighted by a rise in identity theft and fraud, is a significant catalyst for IAM market expansion. In 2022, the Federal Trade Commission reported 1.7 million identity theft and fraud cases, leading to a loss of over USD 1.9 billion. As cyber threats evolve, IAM remains crucial in regulating user access, safeguarding vital information, and addressing the shortage of skilled personnel in cybersecurity.

Identity and Access Management Market Report Scope and Research Methodology

The report provides business statistics and analytical insights to help you understand the Identity and Access Management market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Identity and Access Management market size. Both primary and secondary research methodologies were used to clearly present the Identity and Access Management market structure.

In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Identity and Access Management key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Identity and Access Management industry experts were interviewed.

The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Identity and Access Management competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Identity and Access Management market.

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Identity and Access Management Market Regional Analysis

The report has been segmented into many key countries. This section provides a detailed analysis of the Identity and Access Management market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:

North America- U.S., Canada, Mexico
Europe- UK, Germany, France, Spain, Rest of Europe
Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
South America- Brazil
Middle East and Africa.
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 led the identity and access management market in 2022 with over 30% of revenue. Businesses must have a process in place to manage identities in their IT infrastructure because more and more people are gaining access to systems and apps. User provisioning is essential to the execution of an identity lifecycle because it allows for the creation, modification, disabling, 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 solutions. representing almost 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 will 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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Identity and Access Management Market Key Players are:

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

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Key Questions answered in the Identity and Access Management Market Report are:

What is Identity and Access Management?
What will be the CAGR of the Identity and Access Management market during the forecast period?
What trends are expected to generate additional revenue for the Identity and Access Management market?
What are the opportunities for the Identity and Access Management Market?
What factors are driving the Identity and Access Management market growth?
Which company held the largest share in the Identity and Access Management market?
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