• Blog
  • Identity and Access Management Market Growth Analysis | 2023-2028

    Identity and Access Management Market Growth Analysis | 2023-2028

    Identity and Access Management Market Growth Analysis | 2023-2028
    Report code - SR1861 Delivery - 2 Weeks
    Identity and Access Management Market Size, Share, Trends, Forecast, & Growth Ana See more...

    Market Insights

    The identity and access management market was estimated at USD 13.7 billion in 2022 and is likely to grow at a CAGR of 15.2% during 2023-2028 to reach USD 32.1 billion in 2028.

    Identity-And-Access-Management-Market-Insights

    Want to know more about the market scope? Register Here

    What is identity and access management?

    Identity and access management is referred to as a system that acts as a framework for businesses that simplifies the overall management of electronic identities. The technology can be used to record, capture, manage, and initiate user identities and their respective permissions in a manner that is automated. IAM offers customers benefits such as enhancing security profiles, increasing productivity, allowing easy access, improving user experience, and lowering the overall IT cost.

    COVID-19 Impact

    The COVID-19 pandemic has positively impacted the identity and access management industry. The internet ecosystem has been playing a major role across the world, thus boosting the market growth, amid the pandemic. Due to the pandemic, the dependency on online businesses has increased substantially, thus augmenting the demand for identity and access management.

    Identity And Access Management Market Highlights

    Market Size in 2022

    USD 13.7 billion

    Market Size in 2028

    USD 32.1 billion

    Market Growth (2023-2028)

    15.2% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    The key players operating in the market are-

    • Microsoft Corporation (US)
    • Sailpoint Technologies, Inc. (US)
    • Oracle Corporation (US)
    • Dell Emc (US)
    • IBM Corporation (US)
    • Hitachi Id Systems, Inc. (Canada)
    • CA Technologies (US)
    • Micro Focus (Netiq Corporation) (UK)
    • Centrify Corporation (US)
    • Okta, Inc. (US).

    Market Dynamics

    Growing spending on security solutions by government organizations and large-scale companies to curb identity theft and to comply with regulatory compliance are some of the key factors boosting the market growth. Rising web-based applications, and risk management solutions such as policy-based compliance and audit management coupled with cost control measures are further bolster the industry growth during the review period.

    Identity-And-Access-Management-Market-Dynamics

    Want to have a closer look at this market report? Click Here.

    Segment Analysis

    By Component Type

    The market has been classified into audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on. Under these, the provisioning segment held a significant market share in 2022. Rise in users accessing systems and applications, it is vital for a company to have an ideal process in IT infrastructure to manage the identities, which boosts the segment growth.

    Regional Insights

    The North American market held the highest market share in 2022 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to favorable regulatory scenarios and initiatives. These initiatives include combating threats to critical infrastructure, offering more funding for enhanced security measures, and enforcing regulations to implement specific types of security practices in various government agencies as well as private businesses, which bolsters the regional market growth during the review period.

    Identity-And-Access-Management-Market-Regional-Insights

    Know the high-growth countries in this report. Register Here.

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the progress rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Deployment Mode Type

    • Cloud
    • Hybrid
    • On-premise

    By Component Type

    • Audit
    • Compliance & Governance
    • Directory Service
    • Multifactor Authentication
    • Provisioning
    • Password Management
    • Single Sign-On

    By End Use Type

    • BFSI
    • Energy
    • Oil & Gas
    • Telecom & IT
    • Education
    • Healthcare
    • Public sector & utilities
    • Manufacturing
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, Israel, and Others)

    Identity-And-Access-Management-Market-Segmentation

    Click Here, to learn the market segmentation details.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Identity And Access Management Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Target Audience

    The target audience of the Identity and Access Management Market includes-

    • IAM companies
    • IAM distributors
    • BFSI companies
    • Government organizations

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Identity and access management is referred to as a system that acts as a framework for businesses that simplifies the overall management of electronic identities. The technology can be used to record, capture, manage, and initiate user identities and their respective permissions in a manner that is automated. IAM offers customers benefits such as enhancing security profiles, increasing productivity, allowing easy access, improving user experience, and lowering the overall IT cost.

    The identity and access management market was estimated at USD 13.7 billion in 2022.

    The identity and access management market is likely to reach USD 32.1 billion in 2028.

    The identity and access management market is expected to grow at a CAGR of 15.2% during 2023-2028.

    The key players operating in the market are Microsoft Corporation (US), Sailpoint Technologies, Inc. (US), Oracle Corporation (US), Dell Emc (US), IBM Corporation (US), Hitachi Id Systems, Inc. (Canada), CA Technologies (US), Micro Focus (Netiq Corporation) (UK), Centrify Corporation (US), and Okta, Inc. (US).

    The target audience of the market includes IAM companies, IAM distributors, BFSI companies, Government organizations.

    North America market held the highest market share in 2022 and is projected to grow at a healthy CAGR in the coming years.

    Growing spending on security solutions by government organizations and large-scale companies to curb identity theft and to comply to regulatory compliance are some of the key factors boosting the market growth.