Press release
U.S. Identity Management Software Market to Grow at 7.1% CAGR | Top Key Players are Okta, Inc., SailPoint Technologies , Inc., CyberArk Software Ltd., Ping Identity Holding Corp., Microsoft Corporation, Oracle Corporation, ForgeRock, Inc., Avatier Corpora
This surge is primarily driven by escalating cybersecurity threats, compliance requirements, and the widespread need for secure digital access across industries. Businesses in sectors like BFSI, healthcare, and government are deploying these solutions to prevent data breaches and improve access control. The rise of cloud-based systems and remote work further fuels demand, making identity management a critical investment for enterprises of all sizes.
Browse the full report with a detailed analysis on: https://www.psmarketresearch.com/market-analysis/us-identity-management-software-market
Key Insights
• The software segment dominates the market with a 75% share, driven by the need for identity governance, access control, and compliance solutions.
• Services are growing at the fastest pace (7.5% CAGR), as organizations seek expert consultation and tailored integration support.
• Multi-factor authentication (MFA) holds the largest revenue share at 65%, as companies aim to bolster security beyond basic password protection.
• Passwordless authentication is rapidly emerging, supported by biometric systems, security keys, and mobile push notifications-especially as over 22 million U.S. workers now operate remotely.
• Cloud-based deployment is both the largest and fastest-growing category (7.7% CAGR), favored for scalability, flexibility, and real-time threat updates.
• Large enterprises lead the market due to complex regulatory environments and widespread digital infrastructure, while SMEs are growing fast due to cloud adoption.
• The BFSI sector accounts for 55% of the market, propelled by regulatory compliance and the need to protect sensitive financial data.
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• Western U.S. is the largest and fastest-growing regional market, reflecting high tech adoption and digital transformation efforts.
• The market remains fragmented, with multiple players, including those offering integrated passwordless identity management systems.
• Regulatory standards such as HIPAA and GDPR are reinforcing the need for robust identity verification and access control tools.
About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
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