What's Driving the Identity And Access Management Market 2025-2034: Increasing Cyber Threats Accelerates The Growth Of Identity And Access Management Market

What Are the Projections for the Size and Growth Rate of the Identity And Access Management Market?
The identity and access management market will grow from $18.83 billion in 2024 to $21.81 billion in 2025, with a CAGR of 15.8%. The growth is fueled by rising cyber threats, the adoption of cloud services, digital transformation initiatives, and compliance with regulations.

The Identity and Access Management market is expected to grow to $39.17 billion by 2029 at a CAGR of 15.8%. Growth drivers include biometric authentication, IoT proliferation, and cloud-based technologies. Trends include multi-factor authentication, adaptive access control, and blockchain adoption.

What Are the Main Catalysts for Growth in the Identity And Access Management Market?
The rising threat of cyberattacks is expected to drive the growth of the identity and access management market in the coming years. Cyber threats refer to potential risks or dangers posed by malicious activities designed to harm data, using various tactics that target computer systems, networks, and digital information. As emerging technologies evolve, cybercriminals gain more anonymous and decentralized opportunities to access systems and launch malware attacks. Identity and access management serves as the first line of defense, enabling secure user privilege management, authentication, and authorization to mitigate the effects of cyber threats and enhance overall cybersecurity. For example, in February 2023, the Cyber Security Centre, an Australian cybersecurity agency, reported 76,000 cybercrime cases in 2022, a 13% increase from the previous year. As such, the growing cyber threats are accelerating the growth of the identity and access management market.

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Which Businesses Are at the Forefront of Identity And Access Management Market Development?
Major companies operating in the identity and access management market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, The International Business Machines (IBM) Corporation, SecureAuth Corporation, OneLogin Inc., Broadcom Inc., Thales Group, Evidian S.A., Akamai Technologies, Micro Focus International plc, Okta Inc., Netwrix Corporation, RSA Security LLC, CyberArk Software Inc., Ping Identity Corporation, Delinea, ForgeRock Inc., Simeio Solutions, One Identity LLC, Avatier Corporation

What Are the Latest Innovations in the Identity And Access Management Market?
In the identity and access management market, companies are utilizing machine learning algorithms to enhance their competitive position. For instance, in June 2023, Microsoft Corporation launched Microsoft Entra Identity Governance, which helps organizations manage access to critical resources using technologies like access reviews and privileged identity management. This platform is designed to streamline operations, improve security, and ensure compliance.

How Is the Identity And Access Management Market Segmented?
The identity and access management market covered in this report is segmented -

1) By Component: Provisioning, Directory Service, Single Sign-On (SSO), Password Management, Advanced Authentication, Audit, Compliance, And Governance, Other Components
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By End-user: Banking, Financial Services, And Insurance (BFSI), Energy, Oil And Gas, Information Technology (IT) And Telecommunication, Education, Healthcare, Public Sector And Utilities, Manufacturing, Other End-Users

Subsegments:
1) By Provisioning: User Provisioning, Role-based Provisioning, Automated Provisioning
2) By Directory Service: Active Directory (AD), Lightweight Directory Access Protocol (LDAP), Cloud Directory Services
3) By Single Sign-On (SSO): Web SSO, Federated SSO, Mobile SSO
4) By Password Management: Password Vaulting, Self-service Password Reset, Password Policy Management
5) By Advanced Authentication: Multi-Factor Authentication (MFA), Biometric Authentication, Risk-Based Authentication
6) By Audit, Compliance, And Governance: Compliance Management, Access Auditing, Identity Governance And Administration (IGA), Risk And Compliance Monitoring
7) By Other Components: Identity Federation, User Behavioral Analytics (UBA), Privileged Access Management (PAM)

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Where Is the Identity And Access Management Market Growth Most Prominent?
North America was the largest region in the identity and access management (IAM) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the identity and access management (IAM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Identity And Access Management Global Market Report?

- Market Size Analysis: Analyze the Identity And Access Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Identity And Access Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Identity And Access Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Identity And Access Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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