[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.
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.
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.
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.
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).
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.
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. [Published On: 2024-02-16]
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. [Published On: 2023-12-14]
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. [Published On: 2023-10-02]
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..
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
- Services
- 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
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- 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.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Identity & Access Management Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Identity & Access Management Market?
- What are the technology trends and regulatory frameworks in the Identity & Access Management Market?
- What is the market share of the leading vendors in the Identity & Access Management Market?
- Which modes and strategic moves are suitable for entering the Identity & Access Management Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Identity & Access Management Market, by Offering
- Identity & Access Management Market, by Industry
- Identity & Access Management Market, by Deployment
- Americas Identity & Access Management Market
- Asia-Pacific Identity & Access Management Market
- Europe, Middle East & Africa Identity & Access Management Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 490]
- List of Companies Mentioned [Total: 50]
What is Identity and Access Management?
Identity and Access Management (IAM) is a set of strategies, policies, and technologies to manage digital identities and control access to services, systems, and data. IAM provides an organization with a way to securely manage user identities, control access to data and applications, and help ensure compliance. IAM has become a critical component of an organization's security structure.
Benefits of Identity and Access Management:
IAM helps to reduce the risk of unauthorized access to sensitive information by ensuring that only authorized individuals can access it. It also reduces the risk of data breaches and cyber-attacks by managing access to sensitive data or applications. IAM provides a centralized way to manage users, their roles, and access permissions.
Components of Identity and Access Management:
Identity and access management comprises several components, including Identification and Authentication, Authorization, and Auditing. Identification and Authentication are the first stages of creating a user account, as authorization refers to the level of access granted to users based on their roles and responsibilities. Auditing includes tracking user behavior and recording user activity.
Challenges in IAM Implementation:
There are challenges in implementing an IAM system. One of the most significant obstacles is developing a consistent and accurate data source for user information. It can be difficult to accurately define and assign roles when a user changes roles or leaves the organization. It can also be challenging to integrate IAM with different applications, primarily if the various applications use different authentication methods.
Best Practices in Identity and Access Management:
Effective and efficient IAM management is vital to ensuring an organization's and its data's security and safety. Some best practices for IAM implementation include implementing authentication protocols, providing end-user training and support, and regularly reviewing and auditing user accounts.
Identity and Access Management is more than just about security. It is about efficient and effective access to information for authorized personnel. Organizations must find ways to protect their sensitive data and critical resources while making them accessible. While implementing IAM may have some challenges, the benefits outweigh them. Enforcing gatekeepers to offer role-based data access can remove uncertainty from the process, thus rebalancing the potential risk of cyber-attacks. Organizations must prioritize enhancing their IAM management to bridge the gap between data access requirements with data security protocols.
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