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Identity and Access Management (IAM) Market Research Report Information by Component (Solutions and Services), By Deployment (Cloud and On-premises), By Organization Size (Small & Medium Enterprises (SMEs) and Large Enterprises) By Vertical (BFSI, Hospitality, Healthcare and Life Science, Retail and CPG, Public Sector, Manufacturing, Education, IT & Telecommunication, Transportation and Logistics, and Others) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) – Market Forecast Till 2032


ID: MRFR/ICT/1966-CR | 176 Pages | Author: Shubham Munde| March 2024

Global Identity And Access Management (IAM) Market Overview


Identity and Access Management (IAM) Market Size was valued at USD 14,355.8 million in 2022. The Identity and Access Management (IAM) market industry is projected to grow from USD 16,730.5 Million in 2023 to USD 71,650.5 million by 2032, exhibiting a compound annual growth rate (CAGR) of 17.5% during the forecast period (2023 - 2032). The Identity and Access Management (IAM) Market is experiencing unprecedented growth driven by the escalating need for robust security solutions in the digital era. IAM solutions play a pivotal role in safeguarding sensitive data and ensuring secure access to resources across organizations. The market is witnessing a surge in demand due to the rising frequency of cyber threats, stringent regulatory compliance requirements, and the proliferation of cloud-based services. Key drivers include the adoption of advanced technologies such as artificial intelligence and biometrics to enhance authentication processes. As businesses recognize the importance of efficient IAM systems in preventing unauthorized access, the market is poised for substantial expansion. Major players are focusing on innovation and strategic partnerships to capitalize on this burgeoning market, catering to diverse industries including finance, healthcare, and government sectors. The global IAM market is anticipated to maintain its upward trajectory, driven by the increasing digitalization of business processes and the imperative to fortify cybersecurity measures.


FIGURE 1: IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET SIZE 2019-2032 (USD MILLION)


IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET SIZE 2019-2032 (USD MILLION)


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Identity And Access Management (IAM) Market Trends




  • INCREASING CYBERSECURITY THREATS AND DATA BREACHES




The growth of the Identity and Access Management (IAM) market is significantly driven by the increasing cybersecurity threats and the alarming frequency of data breaches in today's digital landscape. Organizations across various industries are facing sophisticated cyberattacks that target sensitive information, intellectual property, and personal data. As a result, the demand for robust IAM solutions has surged, as businesses recognize the critical role of identity management in fortifying their cybersecurity defenses.


Cybersecurity threats have evolved in complexity, with hackers employing advanced techniques to exploit vulnerabilities and gain unauthorized access to systems and networks. Traditional methods of protecting sensitive information, such as relying solely on usernames and passwords, have proven inadequate in the face of these sophisticated attacks. IAM solutions play a crucial role in mitigating these risks by implementing multi-layered authentication mechanisms, such as biometrics, smart cards, and one-time passwords. This enhanced security posture ensures that even if one layer is compromised, additional layers act as formidable barriers, thwarting unauthorized access attempts.


Moreover, the rising frequency and severity of data breaches have heightened awareness among businesses and individuals about the importance of securing digital identities. High-profile breaches have exposed the vulnerabilities of organizations, leading to financial losses, reputational damage, and legal consequences. Consequently, businesses are increasingly investing in IAM solutions to strengthen their cybersecurity infrastructure and protect against unauthorized access and data breaches.


In addition to the direct financial and reputational risks associated with data breaches, regulatory bodies and governments worldwide have implemented stringent data protection laws and compliance standards. Organizations are compelled to adhere to these regulations, such as the General Data Protection Regulation (GDPR) in Europe or the Health Insurance Portability and Accountability Act (HIPAA) in the United States. IAM solutions help businesses achieve and maintain compliance by ensuring secure access, proper user authentication, and detailed audit trails, which are essential components of regulatory requirements.


Furthermore, the evolving threat landscape has prompted organizations to adopt a proactive approach to cybersecurity. IAM solutions not only provide reactive measures to prevent unauthorized access but also incorporate advanced technologies like artificial intelligence (AI) and machine learning (ML) to anticipate and respond to emerging threats in real-time. These technologies enable IAM systems to analyze user behavior, detect anomalies, and automatically adapt security measures to evolving risks. This proactive stance is crucial in a dynamic cybersecurity environment, where threats continuously evolve, and organizations need adaptive solutions to stay ahead of malicious actors.


Identity And Access Management (IAM) Market Platform Segment Insights


Identity And Access Management (IAM) Component Insights


Based on Component, the Identity and Access Management (IAM) Market segmentation includes Solutions and Services. Solutions holds the majority share in 2022, contributing around 71% to the market revenue. This is because businesses prioritize investing in IAM solutions to enhance cybersecurity, streamline access control, and comply with regulatory requirements. The demand for comprehensive and effective IAM solutions to safeguard digital identities drives their majority share in the market.


FIGURE 2: IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET, BY COMPONENT, 2022 VS 2032 (USD MILLION)


 IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET, BY COMPONENT, 2022 VS 2032 (USD MILLION)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Identity And Access Management (IAM) Deployment Insights


Based on the Deployment, the Identity and Access Management (IAM) Market segmentation is Cloud and On-premises. On-premises dominated the market in 2022. This dominance is attributed to the continued preference of businesses for on-premises solutions, ensuring direct control over security infrastructure and compliance measures. The perceived need for data control and regulatory compliance drives the majority share of on-premises deployment in the IAM market.


Identity And Access Management (IAM) Organization Size Insights


Based on the Organization Size, the Identity and Access Management (IAM) Market segmentation is Small & Medium Enterprises (SMEs) and Large Enterprises. Large Enterprises dominated the market in 2022. This is a result of the complex security needs and scalability requirements of large organizations, prompting a higher adoption of IAM solutions. The prevalence of sophisticated cyber threats and the necessity for robust access control contribute to the majority share of Large Enterprises in the IAM market.


Identity And Access Management (IAM) Vertical Insights


Based on the Vertical, the Identity and Access Management (IAM) Market segmentation is BFSI, Hospitality, Healthcare and Life Science, Retail and CPG, Public Sector, Manufacturing, Education, IT & Telecommunication, Transportation and Logistics, and Others. BFSI dominated the market in 2022. This dominance is driven by the sector's heightened focus on cybersecurity, compliance requirements, and the protection of sensitive financial data. The stringent regulatory landscape and the need for secure access control contribute to BFSI's majority share in the IAM market. 


Identity And Access Management (IAM) Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. In 2022, the North America Identity and Access Management (IAM) market commands a significant share of the global market at approximately 35%, highlighting its pivotal role in driving IAM adoption. This dominance is attributed to the strong cybersecurity focus and proactive technology adoption within North American businesses.


Similarly, Europe plays a key role in the global IAM market, contributing significantly in 2022. European organizations prioritize IAM solutions to enhance data security and comply with regulatory standards.


Meanwhile, the Asia-Pacific (APAC) region emerges as a noteworthy contender, holding substantial market potential in 2022. APAC's IAM market growth is fuelled by rapid digital transformation, heightened cyber threats, and a growing awareness of the importance of robust identity and access management practices.


FIGURE 3: IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET SIZE, BY REGION 2022 VS 2032


IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET SIZE, BY REGION 2022 VS 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Identity And Access Management (IAM) Key Market Players & Competitive Insights


The global identity & access management market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and high-quality identity & access management solutions to sustain their presence in an intensely competitive market environment.


Key Companies in the Identity And Access Management (IAM) market include.



  • IBM

  • HID Global

  • Oracle Corporation

  • Broadcom Inc.

  • Okta, Inc.

  • Identiv

  • WSO2

  • ForgeRock, Inc.

  • Idcube

  • Convergint Technologies

  • AlertEnterprise

  • Rightcrowd

  • Soloinsight Inc.

  • Microsoft

  • Salesforce

  • Ping Identity Corporation

  • Ubisecure

  • OneLogin, Inc.

  • CyberArk Software, Inc.

  • SAP

  • Amazon Web Services (AWS)

  • SailPoint Technologies Inc.


Identity And Access Management (IAM) Industry Developments



  • In November 2023, Saviynt and AWS collaborated for its identity governance technology and Amazon Web Services (AWS) Identity and Access Management (IAM) Access Analyzer.

  • In October 2023, Okta, Inc. announced Identity Threat Protection with Okta AI (Identity Threat Protection), a new product for Okta Workforce Identity Cloud that delivers real-time detection and response for Identity-based threats.

  • In February 2023, Invixium and IDCUBE have collaborated in the past to give end-users and system integrators a straightforward way to install and implement the best-of-the-breed integrated solution – Invixium biometric devices with IDCUBE’s Access360 software platform. This new agreement deepens the existing relationship and will initially focus on joint sales penetration in India, the Middle East, and the United States.


Identity And Access Management (IAM) Market Segmentation:


Identity And Access Management (IAM) Component Outlook




  • Solutions

    • Data Directory

    • Identity Lifecycle Management

    • Authentication

    • Verification

    • Password Management

    • Access Management, and authorization

    • Audit, Compliance, and Governance




  • Services

    • Integration and Deployment

    • Support and Maintenance

    • Consulting




Identity And Access Management (IAM) Deployment Outlook



  • Cloud

  • On-premises


Identity And Access Management (IAM) Organization Size Outlook



  • Small & Medium Enterprises (SMEs)

  • Large Enterprises


Identity And Access Management (IAM) Vertical Outlook



  • BFSI

  • Hospitality

  • Healthcare and Life Science

  • Retail and CPG

  • Public Sector

  • Manufacturing

  • Education

  • IT & Telecommunication

  • Transportation and Logistics

  • Others


Identity And Access Management (IAM) Regional Outlook




  • North America

    • US

    • Canada

    • Mexico




  • Europe

    • Germany

    • France

    • UK

    • Rest of Europe




  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest of Asia-Pacific




  • Rest of the World

    • Middle East & Africa

    • South Ameria



Report Attribute/Metric Details
Market Size 2022 USD 14,355.8 million
Market Size 2023 USD 16,730.5 million
Market Size 2032 USD 71,650.5 million
Compound Annual Growth Rate (CAGR) 17.5% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Deployment, Organization Size, Vertical and Region
Geographies Covered Europe, North America, Asia-Pacific, and the Rest of the World
Countries Covered The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, Brazil, and Others.
Key Companies Profiled Microsoft, Amazon Web Services (AWS), Okta Inc., IBM, Oracle Corportation, Ping Identity, and Others.
Key Market Opportunities ·       Growing Trend for Bring Your Own Device (BYOD) Policies ·       Growing Technological Advancements
Key Market Dynamics ·        Increasing Cybersecurity Threats and Data Breaches ·       Stringent Regulatory Requirements and Compliance Standards


Frequently Asked Questions (FAQ) :

The Identity and Access Management (IAM) Market size is expected to be valued at USD 14,355.8 Million in 2022.

The global market is projected to grow at a CAGR of 17.5% during the forecast period, 2023-2032.

North America had the largest share of the global market.

The key players in the market are Microsoft, Amazon Web Services (AWS), Okta Inc., IBM, Oracle Corporation, and Ping Identity.

The Solutions dominated the market in 2022.

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