Rising Security Breaches Drive Growth In Healthcare Identity Management Market: Strategic Insights Driving Healthcare Identity Management Market Momentum in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Healare Identity Management Market Size By 2025?
Recent years have marked a swift expansion in the scale of the healare identity management sector, projected to increase from a value of $4.57 billion in 2024 to $5.14 billion throughout 2025, reflecting an annual compound growth rate of 12.3%. This upward trajectory observed during the past period is fueled by several factors, including the escalating occurrence of long-term health conditions, greater uptake of solutions hosted in the cloud within healare, advancements in biometric verification methods, expanding efforts to share medical information, and the proliferation of systems designed to expose fraudulent activities in the medical field.

How Big Is the Healare Identity Management Market Size Expected to Grow by 2029?
Anticipating swift expansion across the foroming years, the healare identity management sector's market valuation is projected to reach $8.22 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 12.5%; this upward trajectory during the projection timeframe stems from the escalating incidence of long-term illnesses, greater uptake of cloud platforms within healare, advancements in biometric verification methods, proliferation of efforts to share health data, coupled with the deployment of systems designed to combat healare fraud, while key developments shaping this era will involve technological innovation, the integration of blockchain, incorporation of artificial intelligence capabilities, the expansion of the Internet of Medical Things, and the increasing use of telehealth services.

View the full report here:
https://www.thebusinessresearchcompany.com/report/healare-identity-management-global-market-report

Which Key Market Drivers Powering Healare Identity Management Market Expansion and Growth?
Anticipated escalation in security compromises is positioned to fuel the expansion of the healare identity management sector in the foreseeable future. A security breach is defined as the forbidden entry into or revelation of confidential data, apparatus, or networks, which carries the potential for detriment or misuse. Several elements contribute to the increase in such breaches, notably the proliferation of sophisticated cyber dangers, the broadening of digital frameworks, and mistakes made by personnel. Identity administration platforms within healare utilize methods such as multi-factor authentication and biological confirmation to ensure that access to delicate patient details is restricted exclusively to authorized parties, thereby substantially mitigating the hazard of illicit entry and solidifying protections against prospective compromises. Illustratively, data released in January 2024 by the Identity Theft Resource Center, a US non-profit entity, indicated that during 2023, approximately 725 data compromises were documented, leading to the exposure or unauthorized sharing of upwards of 133 million records, which underscores a persistent upward trend in healare data incidents across that year, consequently making the increasing frequency of security breaches a key catalyst for the healare identity management market's advancement.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19084&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Healare Identity Management Market?
Key players within the healare identity management space are concentrating their efforts on pioneering sophisticated technological solutions, notably multi-factor authentication, aiming to bolster security measures against illicit entry. MFA constitutes a security framework that elevates the rigor of user confirmation by necessitating at least two distinct forms of credentials for verifying identity access. To illustrate, in March of 2023, Clario, an American technology firm, introduced its Federated Identity Management (FIM) System, a development intended to improve both security and user experience by permitting access to various services and institutions using just one set of login details, thereby simplifying the verification steps. This FIM solution is designed to interface with third-party identity authorities, thus permitting customers to leverage their established credentials for secure entry into Clario's environment. Furthermore, to fortify protection, especially for those involved in clinical research, the system incorporates both single-sign-on (SSO) capabilities alongside multi-factor authentication (MFA).

What Are the Emerging Segments in the Healare Identity Management Market?
The healare identity managementmarket covered in this report is segmented -

1) By Solution: Identity And Access Management (IAM); Authentication; Verification; Access Management And Authorization
2) By Deployment Mode: On-Premises; Cloud-Based; Hybrid
3) By Technology: Biometric Authentication; Radio Frequency Identification And Smart Card; Single Sign-On (SSO); Multi-Factor Authentication (MFA); Internet Of Things Authentication
4) By End User: Hospitals And Clinics; Diagnostic Laboratories; Research Institutions; Health Insurance Companies

Subsegments:
1) By Identity And Access Management (IAM): User Provisioning And De-Provisioning; Role-Based Access Control (RBAC); Single Sign-On (SSO); Directory Services
2) By Authentication: Multi-Factor Authentication (MFA); Biometric Authentication; Passwordless Authentication; One-Time Password (OTP) Authentication
3) By Verification: Identity Verification Solutions; Credential Verification Services; Document Verification Systems
4) By Access Management And Authorization: Access Control Policies; User Role Management; Session Management; Audit And Compliance Management

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19084&type=smp

Who Are the Global Leaders in the Healare Identity Management Market?
Major companies operating in the healare identity management market are Deloitte Touche Tohmatsu Limited, Oracle Corporation, Infosys Limited, Atos SE, Okta Inc., CyberArk Software Ltd., SailPoint Technologies Holdings Inc., Ping Identity Corporation, Saviynt Inc., ForgeRock Inc., Simeio Solutions LLC, One Identity LLC, Veritis Group Inc., Radiant Logic Inc., Promobi Technologies Private Limited, Ubisecure Inc., Zluri Inc., Evidian, Optimal IdM LLC, My1Login Limited

Which are the Top Profitable Regional Markets for the Healare Identity Management Industry?
North America was the largest region in the healare identity management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healare identity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19084

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.