The identity and access management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Identity And Access Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The identity and access management market size has grown rapidly in recent years. It will grow from $16.23 billion in 2023 to $18.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to rise of cyber threats, increasing adoption of cloud services, digital transformation initiatives, compliance regulations.
The identity and access management market size is expected to see rapid growth in the next few years. It will grow to $33.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to biometric authentication integration, increasing proliferation of internet of things (IoT) devices. Major trends in the forecast period include biometric authentication, adoption of cloud-based technology, multi-factor authentication, adaptive access control, adoption of blockchain technology.
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Scope Of Identity And Access Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Identity And Access Management Market Overview
Market Drivers –
The increasing cyber threats is expected to propel the growth of the identity and access management market going forward. Cyber threats refer to potential dangers or risks posed by malicious activities to damage data through a wide range of activities and tactics that target computer systems, networks, and digital information. The adoption of emerging technologies provides cybercriminals with a relatively anonymous and decentralized means to gain unauthorized access or launch malware attacks. Identity and access management provides the first line of protection, enabling safe user privilege management, authentication, and authorization to lessen the effect of cyber threats and strengthen the overall cybersecurity position. For instance, in February 2023, according to the Cyber Security Centre, an Australia-based cyber security agency, there were 76,000 cybercrime reports in 2022, reflecting a 13% increase from the previous year. Therefore, increasing cyber threats is driving the growth of the identity and access management market.
Market Trends –
Major companies operating in the identity and access management market are developing innovative technologies, such as machine learning algorithms, to gain a competitive edge in the market. Machine learning algorithms refer to computational models that enable computers to recognize patterns and make predictions or decisions based on data without being explicitly programmed. For instance, in June 2023, Microsoft Corporation, a US-based technology corporation, launched Microsoft Entra Identity Governance, an advanced set of identity governance capabilities that help organizations manage access to critical assets, strengthen security, and meet compliance and regulatory requirements. Microsoft Entra ID Governance utilizes technologies such as entitlement management, access reviews, lifecycle workflows, and privileged identity management to safeguard access to critical assets, streamline productivity, and adhere to compliance regulations. It is designed to help organizations manage access to resources, ensuring that the right people have the right access to the right resources at the right time. It also facilitates the creation of user identities and roles in the apps users need to access, maintaining and removing user identities as needed.
The identity and access management market covered in this report is segmented –
1) By Component: Provisioning, Directory Service, Single Sign-On (SSO), Password Management, Advanced Authentication, Audit, Compliance, And Governance, Other Components
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By End-user: Banking, Financial Services, And Insurance (BFSI), Energy, Oil And Gas, Information Technology (IT) And Telecommunication, Education, Healthcare, Public Sector And Utilities, Manufacturing, Other End-users
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Regional Insights –
North America was the largest region in the identity and access management (IAM) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the identity and access management (IAM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the identity and access management market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, The International Business Machines (IBM) Corporation, SecureAuth Corporation, OneLogin Inc., Broadcom Inc., Thales Group, Evidian S.A., Akamai Technologies, Micro Focus International plc, Okta Inc., Netwrix Corporation, RSA Security LLC, CyberArk Software Inc., Ping Identity Corporation, Delinea, ForgeRock Inc., Simeio Solutions, One Identity LLC, Avatier Corporation
Table of Contents
1. Executive Summary
2. Identity And Access Management Market Report Structure
3. Identity And Access Management Market Trends And Strategies
4. Identity And Access Management Market – Macro Economic Scenario
5. Identity And Access Management Market Size And Growth
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27. Identity And Access Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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