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Identity and Access Management (IAM) Market Size By Solution (Provisioning, Password Management, Directory Services, Advanced Authentication, Single Sign-On, Audit, Compliance & Governance), By Deployment Model, By Application & Forecast, 2023 – 2032

  • Report ID: GMI176
  • Published Date: Mar 2023
  • Report Format: PDF

Identity and Access Management (IAM) Market size exceeded USD 12 billion in 2022 and is expected to grow at 13% CAGR till 2032. This industry growth can be attributed to the exponential increase in the adoption of cloud computing services across multiple industries including BFSI, retail, and healthcare. For instance, the cloud computing market generated a revenue of over 450 billion in 2022 from cloud computing & related services and is likely to generate over USD 700 billion by 2030.
 

U.S. Identity & Access Management (IAM) Market Share By Solution

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The design and operation of every business model are different in an organization, making it difficult to secure the entire organization with IAM solutions. Centralized IAM structures and processes cannot keep up with access control demands. According to our analysis for 2022, 88% of large-scale enterprises have independent business processes. It is difficult for cybersecurity organizations to establish an IAM infrastructure independently for every section of the business process and manage the risk & security compliances. This is a major factor restraining market growth.

Increasing demand for advanced authentication by enterprises

The identity and access management market from on-premises deployment model is poised to witness around 12.3% growth rate from 2023 to 2032. Rising adoption of on-premises models, which are increasingly being used by data-sensitive enterprises to enhance enterprise security and reduce dependencies on the security services offered by third-party cloud providers. On-premise solutions offer greater control over enterprise data and better resiliency compared to cloud-based tools.
 

Identity and Access Management (IAM) Market Share,  By Solution

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The IAM market from growing demand from SMEs as well as large enterprises for advanced authentication solutions to store valuable information, such as employee authenticated credentials, personal information, and pay slips is expected to drive the growth of on-premises segment. Growing development in blockchain technology has also created a demand for secure & authenticated platforms to safeguard personal organization identities from cyberattacks and fraudulent activities.
 

Rising digitalization initiatives by financial institutions around the globe

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market value for identity and access management (IAM) was crossed USD 12 billion in 2022 and will depict over 13% CAGR through 2023-2032, due to an increase in identity theft, data breaches, and hacking incidents.

The single sign-on (SSO) solution segment is anticipated to account for over 13% share of the identity and access management (IAM) industry by 2032, owing to the increasing use of passwords in enterprises.

The industry for identity and access management (IAM) in Europe was valued at over USD 3 billion in 2022, considering the rising number of mobile workforces in the region.

Dell Inc., Hitachi Id Systems, Inc., IBM Corporation, Microsoft Corporation, Net IQ (Micro Focus), Okta Inc., Oracle Corporation, Siemens AG, and Symantec Corporation are among the key participants in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 279
  • Countries covered: 19
  • Pages: 200
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