Identity & Access Management Market by Offering (Services, Solution), Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance), Deployment - Global Forecast 2024-2030

Identity & Access Management Market by Offering (Services, Solution), Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance), Deployment - Global Forecast 2024-2030

The Identity & Access Management Market size was estimated at USD 25.05 billion in 2023 and expected to reach USD 28.47 billion in 2024, at a CAGR 15.23% to reach USD 67.59 billion by 2030.

Identity & access management are the frameworks for policy solutions and technologies that allow organizations and companies to manage, monitor, and secure access to critical systems and data of policy services and technologies, ensuring that individuals have appropriate access to technology resources within an organization. It primarily focuses on identifying users and managing their access to various resources based on roles, ensuring data security and compliance with regulations. Identity and access management (IAM) systems provide tools for securely managing digital identities and access rights, including authentication, authorization, user management, and session management. The escalating need for enhanced security mechanisms amidst the rising number of cyber-attacks has propelled organizations to adopt robust IAM solutions. In addition, the increasing trend of remote working scenarios amplifies the demand for efficient IAM systems to ensure secure access to organizational data. However, the concerns associated with privacy and security breaches are a significant challenge to IAM providers and end users. Moreover, advancements in technology, including the integration of AI and ML in IAM solutions, are significantly contributing to the expansion of this market by offering more sophisticated and automated identity verification processes.

Regional Insights

In the Americas, particularly in the United States and Canada, there is a high demand for sophisticated identity & access management (IAM) solutions driven by stringent regulatory standards and a substantial presence of global enterprises requiring advanced security measures. The region has seen significant investments in cloud-based IAM solutions, reflecting a shift towards more flexible and scalable security infrastructures. Recent patents in the United States focus on biometric authentication methods, indicating a trend toward more personal and secure identity verification techniques. EMEA countries demonstrate a keen interest in IAM solutions, underpinned by the General Data Protection Regulation (GDPR) compliance requirements. The emphasis is on privacy and data protection, resulting in the adoption of IAM solutions that offer robust data processing and control mechanisms. The latest research and initiatives in the region involve developing unified IAM frameworks that can seamlessly integrate with various European digital infrastructures, ensuring interoperability and a high level of security across borders. The Asia Pacific region, featuring key markets such as China, Japan, and India, is witnessing explosive growth in IAM demand. This is largely fueled by digitalization trends, the expansion of the e-commerce sector, and a generally high awareness of cyber security. China's IAM market is particularly geared towards domestic players, with the government's emphasis on locally developed technologies. Japan prioritizes advanced technological integration in IAM, which is evident from its latest patents in network security technologies. Conversely, India shows a remarkable increase in IAM adoption amongst SMEs, driven by affordable cloud-based solutions and government digital initiatives.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Identity & Access Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising demand for effective and authorized access to critical resources
    • Increasing digitalization of end-user sectors
    • Implementation of Mobile Device Management (MDM) to simplify the process of managing devices
    • Market Restraints
      • Security concern due to adoption of cloud-based application and BYOD
      • Market Opportunities
        • Integration of advanced technology in identity & access management solution
        • Significant surge in number of SMEs with potential to adoption of identity & access management solutions
        • Market Challenges
          • Dearth of skilled professionals
          • Market Segmentation Analysis
            • Offering: Integration of advanced technology in IAM to seamlessly monitor and manage identity functions
            • Industry: Extensive adoption of IAM in varied industries for safeguarding sensitive data and regulated sensitive information
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Identity & Access Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Identity & Access Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Microsoft and SAP Join Forces to Revolutionize Identity and Access Management
              
              Microsoft and SAP have entered a strategic partnership, signaling a transformative shift towards elevated security protocols, improved user interactions, and superior operational efficiencies. This partnership is poised to establish benchmarks in digital identity management, heralding a new era of integration and innovation in safeguarding digital identities. The partnership between Microsoft's cutting-edge technology and SAP's comprehensive business solutions is expected to deliver holistic and resilient identity management solutions, ensuring a seamless and secure user experience across various platforms.
              
              Xalient Acquires Grabowsky, a Digital Identity Specialist in Europe
              
              Xalient, a global company in identity and access management (IAM), security, and network transformation, announces its strategic acquisition of Grabowsky BV, a digital identity advisory and managed services firm. This acquisition follows the integration of Integral Partners LLC in the USA, significantly bolstering Xalient's global presence in IAM services and solutions. By acquiring Grabowsky's expertise with that of Integral Partners, Xalient is set to elevate its standing further in the digital identity domain. This expansion enhances Xalient's offerings to its clientele and positions the company to deliver unparalleled value to organizations across the globe.
              
              ManageEngine Launches Its Cloud-Native Identity Platform to Address Workforce IAM Challenges
              
              ManageEngine, a division of Zoho Corporation specializing in enterprise IT management, launched Identity360, a cloud-native identity management platform. Further bolstering its identity governance and administration (IGA) solutions, ManageEngine introduced new access certification and identity risk assessment capabilities to its ADManager Plus offering. These enhancements are pivotal for reinforcing businesses' compliance frameworks and fortifying their defenses against security threats.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Identity & Access Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Identity & Access Management Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Affinidi Pte. Ltd., Altron Limited, Amazon Web Services Inc., Avatier Corporation, Broadcom Inc., Business Connexion (Pty) Ltd. by Telkom Group, Cisco Systems, Inc., Cloudflare, Inc., Cyber Security 1 AB, CyberArk Software, Inc., CyberIAM Holdings Ltd., Deloitte Touche Tohmatsu Limited, Entersekt Proprietary Limited, Entrust Corporation, EOH Holdings Limited, Forgerock, Inc. by Thoma Bravo, L.P., Fujitsu Limited, Google LLC by Alphabet Inc., HCL Technologies Limited, Hera Group, Hewlett Packard Enterprise Development LP, Hid Global Corporation, Huawei Technologies Co., Ltd., HYPR Corp., IDEMIA Group, Imperva, Inc., Intel Corporation, International Business Machines Corporation, Ivanti, Inc., Microsoft Corporation, miniOrange Security Software Pvt Ltd., Nclose, NEC Corporation, Okta, Inc., OneLogin, Inc., Open Text Corporation, Optimal IdM, Oracle Corporation, Performanta Ltd., Ping Identity Corporation, PricewaterhouseCoopers International Limited, Red Hat, Inc., Salesforce.com, Inc., SAP SE, SOFFID IAM S.L, Solid Systems Info Technology CC, Thales Group, ZKTeco Co., Ltd., and Zoho Corporation Pvt. Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Identity & Access Management Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Offering
              • Services
                • Consultation
                • Integration & Deployment
                • Support & Maintenance
                • Solution
                  • Access Management & Authorization
                  • Audit, Compliance, & Governance
                  • Data Directory
                  • Identity Lifecycle Management
                  • Identity Verification Process
                  • Multi-Factor Authentication
                  • Industry
                    • Aerospace & Defense
                    • Automotive & Transportation
                    • Banking, Financial Services & Insurance
                    • Building, Construction & Real Estate
                    • Consumer Goods & Retail
                    • Education
                    • Energy & Utilities
                    • Government & Public Sector
                    • Healthcare & Life Sciences
                    • Information Technology
                    • Manufacturing
                    • Media & Entertainment
                    • Telecommunication
                    • Travel & Hospitality
                    • Deployment
                      • On-Cloud
                      • On-Premises
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year