Identity And Access Management Market Size, Share, Industry Trends and Forecast to 2030

Identity And Access Management Market Size & CAGR in 2021

The global identity and access management market is expected to have a growth rate of 8.5% CAGR from 2021 to 2028. As a result, the market is anticipated to grow by USD 12.3 billion by 2028.

COVID-19 Impact on the Identity And Access Management Market

The COVID-19 pandemic has significantly impacted the identity and access management market. With the shift to remote work and increased cybersecurity threats, the demand for advanced IAM solutions has surged. Organizations are focusing on implementing robust IAM systems to secure their data and networks in a distributed work environment.

Identity And Access Management Dynamics

The dynamics of the identity and access management market are rapidly evolving. Organizations are increasingly adopting IAM solutions to ensure secure access to their systems and applications. The market is also witnessing a rise in the adoption of cloud-based IAM solutions to enhance flexibility and scalability.

Segments and Related Analysis

The identity and access management market is segmented based on components, deployment models, organization size, and verticals. The components include provisioning, directory services, single sign-on, and others. The deployment models include on-premises and cloud-based. Small and medium-sized enterprises (SMEs) and large enterprises are the organization sizes targeted by IAM solutions.

By Region Analysis

The identity and access management market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share due to the presence of key market players and early adoption of advanced IAM solutions. Asia Pacific is expected to witness significant growth due to the increasing digitization and cybersecurity concerns in the region.

Key Market Players and Competitive Landscape

Key players in the identity and access management market include IBM Corporation, Microsoft Corporation, Oracle Corporation, Okta Inc., and Salesforce.com Inc. These companies are focusing on expanding their product portfolios and enhancing their capabilities to offer cutting-edge IAM solutions.

Recent Happenings in the Identity And Access Management Market

- In June 2021, IBM announced the launch of its new IAM platform, IBM Security Verify, to provide advanced identity and access management capabilities to enterprises. - In August 2021, Microsoft introduced Azure Active Directory External Identities to help organizations manage external user access securely. - In October 2021, Okta acquired Auth0, a leading identity platform, to strengthen its position in the IAM market and expand its customer base.