Identity And Access Management Market Worth $41.52 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, March 8, 2023 /PRNewswire/ -- The global identity and access management market size is anticipated to reach USD 41.52 billion by 2030, registering a CAGR of 12.6% over the forecast period, according to a new study by Grand View Research Inc. Identity and access management (IAM) is a security discipline that ensures the right entities to use the right resources (data or apps). Advancements in the internet of things (IoT) and artificial intelligence (AI), rising awareness about regulatory compliance management, and increasing reliance on digital platforms & automation across industries are anticipated to drive the industry over the forecast period. The integration of IAM solutions and MDM is anticipated to drive market growth over the forecast period. The rising fraudulent and cybercrime activities are driving enterprises to implement IAM systems as a result of the rapid adoption of the cloud and the advancement of new technologies, such as AI and ML. IAM uses identity analytics and intelligence to monitor unusual user account activity.
Key Industry Insights & Findings from the report:
- The provisioning component segment accounted for the largest revenue share in 2022. Identity management as a service provides an additional layer of security by identifying, validating, and granting individuals access to a company's information systems.
- The cloud-based deployment segment is anticipated to register the highest growth rate over the forecast period.
- The public sector & utilities end-use segment held the highest market share in 2022due to rapid digitalization adoption and increased investment in public sector applications.
- The BFSI segment is estimated to grow at the fastest CAGR over the forecast period. The growing popularity of online payments, e-wallets, and digital/retail banking is expected to increase the adoption of these types of solutions across the BFSI sector.
- Asia Pacific is expected to register the fastest growth rate over the forecast period due to the rising internet penetration, rapid digital infrastructure development, presence of a large number of SMEs adopting such systems, and rising operational digitalization.
Read 143-page market research report, "Identity And Access Management Market Size, Share & Trends Analysis Report By End-use (BFSI, Education), By Component (Directory Service, Provisioning), By Deployment (Cloud, On-premise), And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Identity And Access Management Market Growth & Trends
Furthermore, IAM systems reduce the cost of services, such as outsourcing, among others. Hence, the rising enterprise identity and security concerns and the elimination of service costs drive the growth of the industry over the forecast period. Furthermore, high installation costs of identity and access management systems are expected to stifle the growth of the industry over the forecast period. The identity and access management industry is adopting the latest IAM business technologies as capital technology. These technologies have increased market opportunities for identity and access management which have been purchased and implemented in recent years. IAM contracts' market revenue necessitates extensive implementation. Hence, cloud-based IAM services and technology are becoming more accessible by the day which creates opportunities for market growth over the forecast period.
Identity And Access Management Market Segmentation
Grand View Research has segmented the global identity and access management market on the basis of component, deployment, end-use, and region
IAM Component Outlook (Revenue, USD Million, 2018 - 2030)
- Audit, Compliance & Governance
- Directory Service
- Multifactor Authentication
- Provisioning
- Password Management
- Single Sign-On
IAM Deployment Outlook (Revenue, USD Million, 2018 - 2030)
- Cloud
- Hybrid
- On-premise
IAM End-use Outlook (Revenue, USD Million, 2018 - 2030)
- BFSI
- Energy, Oil & Gas
- Telecom & IT
- Education
- Healthcare
- Public Sector & Utilities
- Manufacturing
- Others
IAM Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
List of Key Players of Identity And Access Management (IAM) Market
- Amazon Web Services, Inc.
- Broadcom
- One Identity LLC.
- ForgeRock
- HID Global Corp.
- IBM
- McAfee, LLC
- Microsoft
- Okta
- OneLogin
- Oracle
- Ping Identity
- SecureAuth
- Evidian
- Intel Corp.
Check out more related studies published by Grand View Research:
- Identity As A Service Market - The global identity as a service market size is expected to reach USD 14.89 billion by 2027 expanding at a CAGR of 22.0% over the forecast period, according to a new report by Grand View Research, Inc. The rapid growth in IT infrastructure, ease of scalability, and cost-effectiveness of the Identity as a Service (IDaaS) solutions are anticipated to be the key factors driving the market. Rising threats and vulnerabilities across crucial organizational data have compelled companies to enhance their cybersecurity stand and focus on managing identities. This will support market growth.
- Application Security Market - The global application security market size is expected to reach USD 10.7 billion by 2025, expanding at a CAGR of 17.7%, according to a new report by Grand View Research, Inc. Increasing targeted attacks on the applications is anticipated to be a major factor that is expected to drive market growth. In addition, BYOD adoption in the organizations that are deploying application security services and solutions to protect against potential threats has contributed to the market demand.
- Messaging Security Market - The global messaging security market size is expected to reach USD 11.10 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness a CAGR of 13.7% over the forecast period, owing to increasing demand for cloud-based secure messaging products and solutions is driving the growth of the market. This can be attributed to the increasing popularity of Software-as-a-Service (SaaS) and virtual appliance-based solutions.
Browse through Grand View Research's Network Security Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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