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Report Scope & Overview:

Identity and Access Management Market size was valued at USD 14.34 Bn in 2022 and is expected to reach USD 39.26 Bn by 2030, and grow at a CAGR of 13.41% over the forecast period 2023-2030.

IAM, or identity and access management, is a corporate framework that streamlines the entire administration of electronic identities. The technology may be used to automatically collect, record, maintain, and initiate user identities and their associated rights. Customers benefit from the identity and access management system by boosting security profiles, allowing quick access, increasing productivity, improving user experience, and saving total IT costs. IAM platforms are intended to guarantee that on-premises, cloud, and hybrid systems deliver appropriate access to the appropriate roles and persons at the appropriate time. Indeed, the influence of GDPR has given rise to the term customer identity and access management.

Identity and Access Management Market Revenue Analysis

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IAM technology may be used to automate the creation, capture, recording, and management of user identities and their associated access rights. These technologies also enable the safe storage of identification and profile data, as well as data governance features to guarantee that only essential and relevant data is exchanged. The basic goal of IAM systems is to generate a single digital identity for each individual. Once formed, each consumer's digital identity should be preserved, updated, and monitored throughout the service life cycle.

Microsoft announced the debut of Entra, a new product family of identity and access management solutions, in May 2022. Existing technologies like as Azure AD are part of the family, as are two new product categories: Cloud Infrastructure Servics Entitlement Management (CIEM) and Decentralized Identity. Entra Permissions Management offers a solution for detecting unused and excessive permissions, allowing security teams to more effectively enforce the principle of least privilege and maintain a top-down view of identities across all cloud services.

MARKET DYNAMICS:

KEY DRIVERS:

  • An increase in security breaches and an increase in identity-related fraud.

  • Increasing public knowledge of compliance management.

  • IoT IAM is becoming increasingly important.

RESTRAINTS:

  • In the deployment of IAM systems, there is a lack of identification standards as well as cost limits.

OPPORTUNITY:

  • The transition in culture from classic IAM to IAM.

  • The growth of cloud-based IAM solutions and services and the rising acceptance of the hybrid cloud paradigm.

  • Integrating more technologies into the identification and access management, such as AI, ML, blockchain, and biometrics.

CHALLENGES:

  • Enterprises face a scarcity of experienced cybersecurity workers.

  • Difficulties in dealing with the complexity of advanced threats.

IMPACT OF COVID-19:

The COVID-19 pandemic had a favorable influence on the market due to an increase in demand for cloud services during the pandemic as individuals began to embrace cloud access control management systems for controlling employee and staff authentication using cloud services and keeping records. Furthermore, when employees began working remotely, cloud access management systems assisted in defining roles and granting users access to resources at various granularity levels. Furthermore, the possibility to spend less on organizational security by relying on a centralized trust architecture to manage identity across third-party and own apps boosted demand for cloud IAM during the COVID-19 epidemic.

MARKET ESTIMATION:

With a growing revenue share, the provisioning component category led the identity and access management market in 2021. With more people accessing systems and applications, it is critical for businesses to have an appropriate mechanism in place in their IT infrastructure to manage identities. Over the projected period, multifactor authentication is expected to rise. Stringent online banking compliance and rules, such as self-created passwords and OTP tokens, are possible reasons expected to drive the rise of multifactor authentication applications. Furthermore, the combination of physical and logical security, such as the usage of traditional passwords, with modern technologies such as biometrics and smart cards, is expected to increase multifactor authentication sector acceptance.

The market is segmented into three deployment types: cloud, hybrid, and on-premise. In 2021, on-premise solutions will lead the market. Large companies benefit from the cost savings associated with automated user provisioning, as well as improved audibility and compliance across their whole portfolio of Software as a Service (SaaS) applications. The cloud sector is expected to increase rapidly throughout the projection period. One of the primary reasons driving sector expansion is the increasing acceptance of cloud models across various organizations due to their cost-effectiveness and economies of scale. A growing number of IT, sales, and business processes are migrating to the cloud in order to reap the benefits.

The identity and access management market is classified by end-use into BFSI, telecom and IT, energy, oil and gas, education, public sector and utilities, healthcare, and manufacturing. Defense, logistics, and residential safety and security are some of the other applications. In 2021, the public sector and utility category will lead the market. Several regulatory reforms and demanding government standards are forcing businesses and organizations to examine their internal control systems. The BFSI segment is predicted to grow at the fastest rate over the projection period. This industry handles sensitive consumer information that must be kept secure. Organizations in this industry are implementing IAM solutions to boost productivity, assure compliance, and save IT administration expenses.

KEY MARKET SEGMENTS:

On The Basis of Services

  • User Provisioning

  • Single Sign-On

  • Access Management

  • Multi-Factor Authentication

  • Password Management

  • Directory Services

  • Governance and Compliance Management

On The Basis of Deployment Mode

  • Public

  • Hybrid

  • Private

On The Basis of Industry Verticals

  • BFSI

  • IT and Telecommunication

  • Healthcare

  • Media & Entertainment

  • Retail

  • Education

  • Others

Identity and Access Management Market Segmentation Analysis

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REGIONAL ANALYSIS:

The North American region is expected to account for a sizable portion of the IAM market share. The rapid advancement of technology and the presence of competitive market actors have aided in the growth of nations such as the United States and several Canadian areas. The European area is stated to represent the second dominating IAM market share due to the expansion of identity and access management and the presence of BFSI. Because of the growth in identity and access management market revenue in the Chinese and Indian regions, the Asia Pacific region's identity and access management market trends are on the rise.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • MexicO

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

 The major key players are SecureAuth, EmpowerID, SAP, OndIndentity, FusionAuth, Microsoft, IBM, Oracle, SalesForce, HID, CyberArk, Okta, Avatier, Beyond Identity & Other Players

SecureAuth - Company Financial Analysis

Identity and Access Management Market Report Scope:
Report Attributes Details
 Market Size in 2022  US$ 14.34 Bn
 Market Size by 2030  US$ 39.26 Bn
 CAGR   CAGR of 13.41% From 2023 to 2030
 Base Year  2022
 Forecast Period  2023-2030
 Historical Data  2020-2021
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By Services (User Provisioning, Single Sign-On, Access Management, Multi-Factor Authentication, Password Management, Directory Services, Governance, and Compliance Management)
• By Deployment Mode (Public, Hybrid, and Private)
• By Industry Verticals (BFSI, IT and Telecommunication, Healthcare, Media & Entertainment, Retail, Education, Others)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles SecureAuth, EmpowerID, SAP, OndIndentity, FusionAuth, Microsoft, IBM, Oracle, SalesForce, HID, CyberArk, Okta, Avatier, Beyond Identity
 Key Drivers • An increase in security breaches and an increase in identity-related fraud
• Increasing public knowledge of compliance management
 Market Opportunity • The transition in culture from classic IAM to IAM
• The growth of cloud-based IAM solutions and services and the rising acceptance of the hybrid cloud paradigm

 

Frequently Asked Questions

Ans: - The Identity and Access Management market size was valued at USD 14.34 Bn in 2022.

Ans: - In the deployment of IAM systems, there is a lack of identification standards as well as cost limits.

Ans: - The segments covered in the Identity and Access Management Market report for study are On the Basis of Services, Deployment Mode, and Industry Verticals.

Ans: - The major key players are IBM, Microsoft, CA, Inc., Secureworks, Inc., Oracle Corporation, Intel Corporation, OneLogin, Inc., Hewlett Packard Enterprise Development LP, SailPoint Technologies Holdings, Inc.

Ans: - The study includes a comprehensive analysis of Identity and Access Management Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.

Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Identity and Access Management Market Segmentation, Services

8.1 User Provisioning

8.2 Single Sign-On

8.2 Access Management

8.3 Multi-Factor Authentication

8.4 Password Management

8.5 Directory Services

8.6 Governance and Compliance Management

9. Identity and Access Management Market Segmentation, by Deployment Mode

9.1 Public

9.2 Hybrid

9.3 Private

10. Identity and Access Management Market Segmentation, by Industry Verticals

10.1 BFSI

10.2 IT and Telecommunication

10.3 Healthcare

10.4 Media & Entertainment

10.5 Retail

10.6 Education

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12 Company Profiles

12.1 SecureAuth

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 EmpowerID

12.3 SAP

12.4 OndIndentity

12.5 FusionAuth

12.6 Microsoft

12.7 IBM

12.8 Oracle

12.9 SalesForce

12.10 HID

12.11 CyberArk

12.12 Okta

12.13 Avatier

12.14 Beyond Identity

12.15 Others
 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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