Increasing Cyber Threats Accelerates The Growth Of Identity And Access Management Market: Transformative Forces Shaping the Identity And Access Management Market Landscape in 2025

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What Is the Expected CAGR for the Identity And Access Management Market Through 2025?
The market size of identity and access management has seen a swift expansion in the past few years. The market, which was worth $18.83 billion in 2024, is expected to reach a value of $21.81 billion in 2025, growing at a compound annual growth rate (CAGR) of 15.8%. The past growth can be ascribed to the escalation of cyber threats, the growing utilization of cloud services, digital transformation strategies, and compliance standards.

What's the Projected Size of the Global Identity And Access Management Market by 2029?
The market for identity and access management is anticipated to experience a fast-paced expansion in the years to come, soaring to a value of $39.06 billion by 2029 with a compound annual growth rate (CAGR) of 15.7%. The increase during the forecast period can be linked to the incorporation of biometric identification and the rising prevalence of internet of things (IoT) devices. The period is likely to witness significant trends such as biometric verification, use of cloud-based technology, multi-factor authentication, flexible access control, and the incorporation of blockchain technology.

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Top Growth Drivers in the Identity And Access Management Industry: What's Accelerating the Market?
The surge in cyber threats is projected to fuel expansion in the identity and access management market. Cyber threats are potential hazards or risks stemming from harmful activities aimed at damaging data through a broad spectrum of actions and strategies that target computer systems, networks, and digital data. The adoption of emerging technologies offers cybercriminals a relatively hidden and decentralized way to obtain unauthorized access or initiate malware attacks. Identity and access management offers the initial line of defense, facilitating secure user privilege management, verification, and permission, reducing the impact of cyber threats and bolstering overall cybersecurity. For example, the Cyber Security Centre, a cyber security agency in Australia, reported 76,000 cybercrime incidents in 2022, up 13% from the previous year as of February 2023. Thus, the escalating cyber threats are driving the expansion of the identity and access management market.

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What Trends Will Shape the Identity And Access Management Market Through 2029 and Beyond?
Leading companies within the identity and access management market are leveraging the power of innovation, including machine learning algorithms, to maintain an edge amongst competitors. Machine learning algorithms are computational models that allow computers to identify patterns and make predictions or decisions without explicit programming. Case in point, in June 2023, the United States-based tech enterprise, Microsoft Corporation, introduced Microsoft Entra Identity Governance. This advanced set of identity governance features assists organizations in managing access rights to essential assets, enhancing security measures, and meeting regulatory and compliance benchmarks. Microsoft Entra ID Governance uses technologies like entitlement management, access reviews, lifecycle workflows, and privileged identity management, to ensure the protection of access to essential assets, improve productivity, and comply with legal regulations. It is engineered to assist organizations in managing resource access effectively, making sure that authorized individuals have timely and appropriate access. It also helps in generating user identities and roles in necessary apps, managing and deleting user identities as necessary.

What Are the Main Segments in the Identity And Access Management Market?
The identity and access managementmarket 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 Top Companies are Driving Growth in the Identity And Access Management Market?
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 Will Dominate the Identity And Access Management Market Through 2029?
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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