Identity & Access Management Market by Offering, Industry, Deployment

Description

List of Tables

[190 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 25.05 billion
Estimated Year [2024]	USD 28.47 billion
Forecast Year [2030]	USD 67.59 billion
CAGR (%)	15.23%

Offering: Integration of advanced technology in IAM to seamlessly monitor and manage identity functions

Services in the identity & access management (IAM) are designed to support businesses in managing access rights, ensuring compliance with regulations, and safeguarding against unauthorized access to systems and data. Services are often preferred by organizations needing more in-house expertise or resources to manage IAM needs effectively. Professional services, including consultation, implementation, support, and maintenance offered by IAM providers, are utilized in organizations to monitor and manage identity functions. On the other hand, access management & authorization solutions are pivotal, enabling organizations to regulate access to specific network resources securely. By employing advanced protocols and policies, these systems ensure that users' access privileges precisely match their roles and responsibilities, thus bolstering security and streamlining operational efficiency. Additionally, tools for audit, compliance, & governance play an important role in preserving the integrity and trustworthiness of IT environments. They deliver a thorough understanding of access trends, adherence to policies, and compliance with regulations, showcasing the effectiveness of security protocols and aiding organizations in meeting industry standards and legal obligations to protect sensitive information and assets. Data directory services are at the core of efficient identity management, centralizing user information to facilitate simplified access management and authentication processes. This consolidation improves administrative efficiency and security by ensuring consistency and accuracy in identity data. Moreover, identity lifecycle management (ILM) addresses the fluctuating nature of user access needs by managing the lifecycle of user identities, ensuring alignment with role changes, employment status shifts, or other relevant factors to mitigate security risks and preserve operational integrity. Multi-factor authentication (MFA) verification is an essential security solution as it substantially fortifies security defenses by necessitating multiple verification layers, granting access to critical systems and data exclusively to verified users, and significantly diminishing the risk of unauthorized entry.

Industry: Extensive adoption of IAM in varied industries for safeguarding sensitive data and regulated sensitive information

In addressing the diverse requirements for identity and access management (IAM) across various industries, it becomes clear that a balance between security and user convenience is crucial. The aerospace & defense industry mandates rigorous security protocols, including multi-factor authentication for safeguarding sensitive data, while the automotive & transportation sector emphasizes the security of cyber-physical systems. In contrast, the building, construction & real estate sectors prioritize secure mobile and remote access management. The consumer goods & retail industry seeks to enhance customer experiences alongside securing personal data, and educational institutions require versatile access management systems for various users. Security for critical infrastructure characterizes the energy & utilities sector, and the government & public sector must ensure secure and regulated access to sensitive information. The healthcare industry concentrates on patient data privacy in compliance with HIPAA regulations to protect intellectual property. At the same time, the media & entertainment industry focuses on protecting digital content by utilizing IAM. Securing customer data and interactions is essential for telecommunication, and the travel & hospitality industry must balance customer service with data protection.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Identity & Access Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Identity & Access Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Identity & Access Management Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Identity & Access Management Market?

3. What are the technology trends and regulatory frameworks in the Identity & Access Management Market?

4. What is the market share of the leading vendors in the Identity & Access Management Market?

5. Which modes and strategic moves are suitable for entering the Identity & Access Management Market?

Product Code: MRR-433BAD49EE5C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for effective and authorized access to critical resources
  - 5.1.1.2. Increasing digitalization of end-user sectors
  - 5.1.1.3. Implementation of Mobile Device Management (MDM) to simplify the process of managing devices
- 5.1.2. Restraints
  - 5.1.2.1. Security concern due to adoption of cloud-based application and BYOD
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technology in identity & access management solution
  - 5.1.3.2. Significant surge in number of SMEs with potential to adoption of identity & access management solutions
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of skilled professionals
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Integration of advanced technology in IAM to seamlessly monitor and manage identity functions
- 5.2.2. Industry: Extensive adoption of IAM in varied industries for safeguarding sensitive data and regulated sensitive information
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. Value Chain & Critical Path Analysis
5.5. Regulatory Framework Analysis

6. Identity & Access Management Market, by Offering

6.1. Introduction
6.2. Services
6.3. Solution

7. Identity & Access Management Market, by Industry

7.1. Introduction
7.2. Aerospace & Defense
7.3. Automotive & Transportation
7.4. Banking, Financial Services & Insurance
7.5. Building, Construction & Real Estate
7.6. Consumer Goods & Retail
7.7. Education
7.8. Energy & Utilities
7.9. Government & Public Sector
7.10. Healthcare & Life Sciences
7.11. Information Technology
7.12. Manufacturing
7.13. Media & Entertainment
7.14. Telecommunication
7.15. Travel & Hospitality

8. Identity & Access Management Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premises

9. Americas Identity & Access Management Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Identity & Access Management Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Identity & Access Management Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Microsoft and SAP Join Forces to Revolutionize Identity and Access Management
- 12.3.2. Xalient Acquires Grabowsky, a Digital Identity Specialist in Europe
- 12.3.3. ManageEngine Launches Its Cloud-Native Identity Platform to Address Workforce IAM Challenges

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio