Identity Governance Revolutionizing Access Management In The Digital Era Industry Trends Gaining Momentum in the Global Identity And Access Management Market

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Identity And Access Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of identity and access management has experienced swift expansion in the past few years. It is forecasted to increase from $18.83 billion in 2024 up to $21.81 billion in 2025, following a compound annual growth rate (CAGR) of 15.8%. The growth observed in the historical duration is a result of the escalation in cyber threats, a surge in the adoption of cloud services, initiation of digital transformation, and regulation compliances.

Identity And Access Management Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for identity and access management is projected to proliferate rapidly, expanding to a staggering $39.17 billion by 2029 at a compound annual growth rate (CAGR) of 15.8%. This growth in the forecasted period is largely due to integration of biometric authentication and the surge in Internet of Things (IoT) devices. The forecast period will be marked by key trends such as biometric authentication, the embrace of cloud-based technology, multi-factor authentication, adaptive access control, and the utilization of blockchain technology.

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What Are the Drivers Transforming the Identity And Access Management Market?
The growth of the identity and access management market is poised to accelerate due to escalating cyber threats. These threats encompass potential hazards or risks instigated by harmful activities aiming to destroy data by employing a spectrum of strategies that target computer systems, networks, and digital data. The creation of new technologies presents cybercriminals with a somewhat anonymous and decentralized path to execute unauthorized access or initiate malware attacks. Identity and access management serve as the initial shield, allowing secure user privilege administration, verification, and approval to mitigate the impact of cyber threats and fortify the overall cybersecurity stance. For instance, the Cyber Security Centre, a cyber security agency based in Australia, reported in February 2023 that there were 76,000 instances of cybercrime in 2022, marking a 13% rise from the preceding year. As such, the surge in cyber threats is spurring the expansion of the identity and access management market.

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What Long-Term Trends Will Define the Future of the Identity And Access Management Market?
Leading businesses in the identity and access management market are pioneering novel technologies like machine learning algorithms, in an attempt to achieve a competitive advantage. The term "machine learning algorithms" pertains to computational models that allow computers to identify patterns and make predictions or decisions based on data, without the need for direct programming. For example, in June 2023, the US tech giant Microsoft Corporation introduced Microsoft Entra Identity Governance, a sophisticated set of identity governance functions that support organizations in controlling access to vital assets, reinforcing security, and achieving compliance with legal and regulatory standards. Microsoft Entra ID Governance employs technologies such as entitlement management, access reviews, lifecycle workflows, and privileged identity management to secure access to vital assets, improve productivity, and comply with regulations. The system is tailored to help organizations manage resource access, making sure the correct individuals have appropriate access to the necessary resources at the right time. It also eases the process of establishing user identities and roles in the required apps, and oversees the addition and removal of user identities when necessary.

Which Segments in the Identity And Access Management Market Offer the Most Profit Potential?
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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Which Firms Dominate the Identity And Access Management Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Identity And Access Management Market?
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.

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