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.
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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:
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
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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, SalesForece, HID, CyberArk, Okta, Avatier, Beyond Identity & Other Players
| 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, SalesForece, 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 |
Ans: - The Identity and Access Management market size was valued at USD12.65 Bn in 2021.
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 SalesForece
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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