Identity & Access Management Market by Offering, Industry, Deployment

Description

List of Tables

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

Identity & Access Management (IAM) is a critical component of modern IT infrastructure, providing frameworks that allow organizations to manage digital identities and regulate access to technological resources securely. The necessity for IAM solutions arises from increasing cybersecurity threats, regulatory compliance requirements, and the need for seamless user experiences. Recent adoption trends show that IAM is increasingly being integrated into cloud environments, with a particular focus on enhancing multifactor authentication (MFA) and single sign-on (SSO) capabilities. End-use applications span across various industries, including finance, healthcare, retail, and government, each valuing the ability to safeguard sensitive information while facilitating access for legitimate users. Market demand is driven by the escalating frequency of data breaches and the proliferation of remote work models. Growth is also fueled by the convergence of IAM with emerging technologies like artificial intelligence, which enhances threat detection and response capabilities.

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%

However, the IAM market faces several challenges. The complexity of integration with existing systems, high initial costs, and ongoing management requirements can dissuade some organizations from full adoption. Moreover, there is a looming skills gap in cybersecurity, which can impede the effective deployment and maintenance of sophisticated IAM solutions. Opportunities for innovation lie in improving user experience and reducing friction through advanced biometric authentication and behavior analytics. Research into decentralized identity models and zero-trust architectures can also provide new avenues for business growth. Companies should focus on developing adaptive IAM solutions that not only address security but also enhance productivity. Additionally, forming strategic partnerships with cybersecurity firms can help provide comprehensive solutions tailored to specific industry needs. The nature of the market is highly dynamic, characterized by rapid technological advancements and evolving regulatory landscapes worldwide. To stay competitive, businesses should continuously monitor these changes and maintain agile strategies, allowing them to swiftly adopt new technologies and align with compliance standards.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Identity & Access Management Market

The Identity & Access Management Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Identity & Access Management Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Identity & Access Management Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Identity & Access Management Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Identity & Access Management Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Identity & Access Management Market

A detailed market share analysis in the Identity & Access Management Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Identity & Access Management Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Identity & Access Management Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

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:

Based on Offering, market is studied across Services and Solution. The Services is further studied across Consultation, Integration & Deployment, and Support & Maintenance. The Solution is further studied across Access Management & Authorization, Audit, Compliance, & Governance, Data Directory, Identity Lifecycle Management, Identity Verification Process, and Multi-Factor Authentication.
Based on Industry, market is studied across 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, and Travel & Hospitality.
Based on Deployment, market is studied across On-Cloud and On-Premises.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

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. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Identity & Access Management Market, by Offering

6.1. Introduction
6.2. Services
- 6.2.1. Consultation
- 6.2.2. Integration & Deployment
- 6.2.3. Support & Maintenance
6.3. Solution
- 6.3.1. Access Management & Authorization
- 6.3.2. Audit, Compliance, & Governance
- 6.3.3. Data Directory
- 6.3.4. Identity Lifecycle Management
- 6.3.5. Identity Verification Process
- 6.3.6. Multi-Factor Authentication

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

Companies Mentioned

1. Accenture PLC
2. Affinidi Pte. Ltd.
3. Altron Limited
4. Amazon Web Services Inc.
5. Avatier Corporation
6. Broadcom Inc.
7. Business Connexion (Pty) Ltd. by Telkom Group
8. Cisco Systems, Inc.
9. Cloudflare, Inc.
10. Cyber Security 1 AB
11. CyberArk Software, Inc.
12. CyberIAM Holdings Ltd.
13. Deloitte Touche Tohmatsu Limited
14. Entersekt Proprietary Limited
15. Entrust Corporation
16. EOH Holdings Limited
17. Forgerock, Inc. by Thoma Bravo, L.P.
18. Fujitsu Limited
19. Google LLC by Alphabet Inc.
20. HCL Technologies Limited
21. Hera Group
22. Hewlett Packard Enterprise Development LP
23. Hid Global Corporation
24. Huawei Technologies Co., Ltd.
25. HYPR Corp.
26. IDEMIA Group
27. Imperva, Inc.
28. Intel Corporation
29. International Business Machines Corporation
30. Ivanti, Inc.
31. Microsoft Corporation
32. miniOrange Security Software Pvt Ltd.
33. Nclose
34. NEC Corporation
35. Okta, Inc.
36. OneLogin, Inc.
37. Open Text Corporation
38. Optimal IdM
39. Oracle Corporation
40. Performanta Ltd.
41. Ping Identity Corporation
42. PricewaterhouseCoopers International Limited
43. Red Hat, Inc.
44. Salesforce.com, Inc.
45. SAP SE
46. SOFFID IAM S.L
47. Solid Systems Info Technology CC
48. Thales Group
49. ZKTeco Co., Ltd.
50. Zoho Corporation Pvt. Ltd.