Identity and Access Management Market Growth or Demand Increase or Decrease for what it contains:

IAM solutions are crucial for securing digital identities and managing access to systems and data. The market for IAM has been experiencing significant growth due to increasing cybersecurity threats, regulatory compliance requirements (such as GDPR and CCPA), and the adoption of cloud-based services. Companies are increasingly investing in IAM solutions to enhance security, streamline operations, and ensure compliance with data protection regulations. Therefore, the demand for IAM solutions is generally on the rise as organizations prioritize cybersecurity and identity management.

Identity and Access Management Market was worth US$ 19.40 Bn in 2023 and total revenue is expected to grow at a rate of 13.21% CAGR from 2024 to 2030, reaching almost US$ 46.24 Bn in 2030.

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Identity and Access Management Market Segmentation:

by Component

Provisioning
Directory Services
Password Management
Audit, Compliance, and Governance
Single Sign-On
Advanced Authentication

The market is divided into Provisioning, Directory Services, Audit, Compliance and Governance, Single Sign-On, and Advanced Authentication sub-sectors based on Component. The provisioning component category led the identity and access management market in 2023, accounting for over 30% of revenue. Businesses must have a process in place to manage identities in their IT infrastructure since more and more people are gaining access to systems and apps. User provisioning is essential to the execution of an identity lifecycle since it allows for the creation, modification, deactivation, and removal of user accounts and profiles in business applications and IT infrastructure.

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Deployment Type

Cloud
On-Premises

The market is further divided into Cloud and On-Premise segments based on the type of development. In 2023, on-premise solutions reached saturation in the market. representing over 53.0% of total income. Prominent enterprises derive economic advantages from automated user provisioning, in addition to enhanced auditability and compliance for their entire SaaS array, encompassing Yammer, WebEx, Google Apps, and Box.net. However, it is anticipated that the other two would gain market share from the segment by 2025.

by Vertical

BFSI
Telecom & IT
Public Sector & Utilities
Energy
Education
Manufacturing
Healthcare & Life Sciences
Others

Identity and Access Management Market: Which Regions are Experiencing Growth or Increased Demand?

The Identity and Access Management (IAM) market is experiencing growth and increased demand across various regions globally. Some key regions that are prominent in this growth include:

1. North America: The United States and Canada are major contributors to the IAM market due to stringent regulatory requirements, increasing adoption of cloud services, and a high concentration of large enterprises.

2. Europe: Countries like the UK, Germany, and France are significant players in the IAM market, driven by GDPR compliance efforts, digital transformation initiatives, and growing cybersecurity concerns.

3. Asia-Pacific: This region, led by countries such as China, India, and Japan, is witnessing rapid growth in IAM adoption. Factors include increasing internet penetration, government initiatives for digital transformation, and a burgeoning IT industry.

Identity and Access Management Market Key Players:

1. CA Technologies
2. Centrify
3. One Identity LLC
4. ForgeRock Inc.
5. HID Global Corporation
6. IBM Corporation
7. McAfee
8. Microsoft Corporation
9. NetIQ Corporation
10.Okta Inc.
11.One Login Inc.
12.Oracle Corporation
13.Ping Identity
14.SecureAuth
15.Evidian
16.Intel Corporation
17.Salesforce
18.Broadcom
19.Ubisecure
20.CyberArk
21.SAP
22.SailPoint Technologies
23.Saviynt
24.SecureAuth Corporation

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Key questions answered in the Identity and Access Management Market are:

• What is Identity and Access Management?
• What is the growth rate of the Identity and Access Management Market?
• Which are the expected factors to drive the Identity and Access Management market growth?
• What are the different segments of the Identity and Access Management Market?
• What growth strategies are the players considering to increase their presence in Identity and Access Management?
• What are the upcoming industry applications and trends for the Identity and Access Management Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Identity and Access Management Market?
• What major challenges could the Identity and Access Management Market face in the future?
• What segments are covered in the Identity and Access Management Market?
• Who are the leading companies and what are their portfolios in Identity and Access Management Market?
• What segments are covered in the Identity and Access Management Market?
• Who are the key players in the Identity and Access Management market?

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