Global Identity And Access Management Market Report: By Component (Audit, Compliance & Governance, Directory Service, Multifactor Authentication, Provisioning, Password Management and Others) By Deployment (Cloud, Hybrid and On-premise), By End-Use (BFSI, Education, Healthcare, Public Sector & Utilities, Manufacturing, Energy, Oil & Gas, Telecom & IT and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Global Identity and Access Management market is predicted to reach approximately USD 67.53 billion by 2031, at a CAGR of 17.8% from 2022 to 2031.
IAM solutions are essential for guaranteeing quick and safe access to a variety of systems, apps, and data, protecting private information from prying eyes. These systems use a variety of tools and procedures to manage, authenticate, and grant access to devices and people inside an organisation.
Features like user provisioning, privileged access management (PAM), multi-factor authentication (MFA), and single sign-on (SSO) are commonly found in IAM solutions. Strong IAM solutions are in high demand as more businesses embrace cloud computing and digital transformation. This demand is fuelled by the need to reduce cybersecurity risks and adhere to strict regulatory requirements. The market is characterized by a diverse set of vendors offering a wide array of IAM products and services tailored to meet the unique needs of various industries and organizational sizes.
Global Identity and Access Management report scope and segmentation.
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Report Attribute |
Details |
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Estimated Market Value (2022) |
USD 15.46 billion |
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Projected Market Value (2031) |
USD 67.53 billion |
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Base Year |
2022 |
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Forecast Years |
2023 – 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Component, Application, End-Use & Region. |
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Segments Covered |
By Component, Application, End-Use & By Region. |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Identity and Access Management dynamics
The increasing frequency and sophistication of cyberattacks is a major factor driving the need for enterprises to strengthen their digital perimeters. Businesses are in greater need of identity and access management (IAM) solutions as a result of increasingly sophisticated and varied cyberattacks that compromise sensitive data.
The widespread adoption of cloud computing and the proliferation of mobile devices further contribute to the market dynamics. As organizations embrace digital transformation, the traditional boundaries of the corporate network blur, necessitating IAM solutions that can effectively manage identities and access across diverse platforms and environments. Additionally, the rise of remote work and the prevalence of bring-your-own-device (BYOD) policies underscore the importance of IAM in ensuring secure and seamless access for users, irrespective of their location or choice of devices.
Global Identity and Access Management drivers
The growing number of cyberattacks is one of the main factors driving the Identity and Access Management (IAM) market. Robust IAM solutions are essential because of the significant risks that organisations face due to the increasing frequency and sophistication of cyberattacks. Through the use of sophisticated authentication techniques, authorization controls, and ongoing monitoring to identify and address suspicious activity, IAM systems significantly contribute to the mitigation of these threats. IAM solutions are expected to become more in demand as long as hackers target sensitive data, since businesses need to prioritise cybersecurity to protect their digital assets and keep stakeholders and customers trusting them.
The widespread adoption of digital transformation initiatives and the migration to cloud-based infrastructures contribute significantly to the growth of the IAM market. As organizations embrace cloud computing and deploy diverse applications across hybrid environments, the need for seamless and secure identity and access management becomes paramount. IAM solutions facilitate centralized control and visibility over user access, ensuring that security measures extend seamlessly across on-premises and cloud-based systems. The flexibility and scalability offered by IAM solutions align with the dynamic nature of modern IT architectures, making them instrumental in supporting organizations' digital initiatives and enabling secure access to resources from anywhere, at any time.
Complex Implementations and Integration Challenges
The difficulty of integrating and deploying these solutions into current IT infrastructures is a major barrier to the IAM market. Aligning Identity and Access Management (IAM) systems with various technology stacks, applications, and legacy systems can be difficult for organisations. The complexities of IAM deployments may lead to more expensive implementations, longer implementation periods, and possible hiccups in business operations. A barrier for some organisations considering IAM adoption is the need for careful planning and expertise to overcome these integration hurdles.
User Experience Concerns
User experience-related issues are yet another barrier to the IAM market. Although security is of the utmost importance, IAM solutions must balance strong security measures with a seamless and intuitive user experience. Excessive restrictive access controls or laborious authentication procedures can cause user annoyance, adoption resistance, and even security-compromising workarounds. It is still difficult for IAM providers to strike a balance between security and user experience; they need to constantly innovate in order to provide solutions that improve security without reducing user productivity.
Biometrics and Advanced Authentication Methods
An opportunity within the IAM market lies in the advancement of biometrics and other innovative authentication methods. Technologies such as facial recognition, fingerprint scanning, and behavioural analytics offer enhanced security by providing more robust and user-friendly alternatives to traditional authentication methods. As the demand for seamless yet secure access increases, IAM vendors have the opportunity to invest in and integrate advanced authentication technologies, meeting the evolving needs of organizations and end-users.
By Component
The Identity and Access Management (IAM) market, categorized by components, encompasses crucial elements for secure digital operations. Audit, Compliance & Governance solutions ensure regulatory adherence and internal policy enforcement. Directory Service forms the core of IAM by managing centralized user identities and access permissions. Multifactor Authentication enhances security through multiple verification factors. Provisioning automates access privilege management, and Password Management secures user credentials.
By Deployment
IAM solutions, based on deployment models, cater to varied organizational preferences. Cloud deployment offers scalability and accessibility. Hybrid deployment combines on-premise and cloud features for adaptability. On-premise deployment provides organizations with complete control over their IAM systems, ensuring security and customization.
By End-use
In terms of end-use sectors, IAM solutions serve diverse industries. In Banking, Financial Services, and Insurance (BFSI), IAM ensures secure financial transactions and regulatory compliance. Education leverages IAM for efficient access to educational resources. Healthcare relies on IAM to safeguard patient data and comply with privacy regulations. Public Sector & Utilities use IAM to secure government systems and protect citizen data. In Manufacturing, IAM secures intellectual property and production systems. Energy, Oil & Gas employs IAM for critical infrastructure protection. Telecom & IT relies on IAM for network security, and the others category extends IAM applications across various industries.
Global Identity and Access Management Overview by Region
North America stands as a prominent hub for IAM solutions, driven by a high degree of digitization, stringent data protection regulations, and a proactive approach to cybersecurity. The region's mature IT infrastructure and the continuous evolution of cybersecurity practices contribute to a robust demand for IAM solutions across various sectors, particularly in finance, healthcare, and technology.
Europe follows closely, with a focus on GDPR compliance influencing the adoption of IAM to ensure secure processing and storage of personal data. The European market reflects a balance between the need for advanced security measures and the imperative to comply with stringent privacy regulations. Meanwhile, the Asia-Pacific region showcases significant growth potential, driven by the rapid digitization of economies, burgeoning IT investments, and a heightened awareness of cybersecurity. Countries like China, India, and Japan are witnessing a surge in IAM adoption, particularly in financial services, telecommunications, and manufacturing sectors, as organizations seek to fortify their digital infrastructures.
Global Identity and Access Management market competitive landscape
Global technology leaders such as Microsoft, IBM, and Oracle are prominent contenders, leveraging their extensive portfolios to provide end-to-end IAM solutions with features like multifactor authentication, privileged access management, and user provisioning. These companies maintain a strong market presence owing to their established customer base, continuous innovation, and strategic partnerships.
Niche players and emerging start-ups also contribute significantly to the competitive dynamics, introducing specialized IAM solutions to address specific industry challenges or technological gaps. ForgeRock, Okta, and Ping Identity are noteworthy examples of companies specializing in identity and access management, offering scalable and agile solutions that resonate with modern business requirements. These players often excel in agility, responsiveness, and innovation, challenging larger counterparts by providing focused and adaptable IAM solutions.
Furthermore, cybersecurity firms, including CyberArk and SailPoint, play pivotal roles in the IAM market, focusing on privileged access management, identity governance, and compliance. These companies address critical security aspects, particularly relevant in industries with stringent regulatory requirements, such as finance and healthcare. The competitive landscape is further enriched by regional players that cater to specific market nuances, tailoring IAM solutions to regional regulations and industry demands.
Global Identity and Access Management Recent Developments
Scope of global Identity and Access Management report
Global Identity and Access Management report segmentation
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
