The global identity and access management market size was valued at USD 15.93 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. 

Identity and access management (IAM) assures that the appropriate person and job position (identities) in an organization have access to the tools they need to perform their duties. Identity management and access systems allow companies to administer employee apps without logging in as an administrator to each app. Advances in the internet of things (IoT) and artificial intelligence (AI), rising awareness about regulatory compliance management, increasing reliance on digital platforms & automation, and growing adoption of cloud technologies across industries are estimated to drive the market over the forecast period.

The rising cases of fraudulent and cybercrime activities are driving organizations to implement IAM systems as a result of the rapid adoption of the cloud and the advancement of new technologies. IAM uses identity analytics and intelligence to monitor unusual user account activity. In addition, it allows for the deletion of inactive accounts, the detection of policy violations, and the removal of inappropriate access privileges. Hence, the rising enterprise identity and security concerns drive the growth of the industry. Moreover, lower production costs make application administration effortless; the centralizing process time for connectivity and identity modifications increases user reliability, provides easier access to sign-in, signup, and user management processes for application holders, and implements procedures and policies related to user verification and prerogatives.

Gather more insights about the market drivers, restrains and growth of the Identity And Access Management Market

Identity And Access Management Market Report Highlights

• The provisioning component segment accounted for the largest revenue share in 2022. Identity management as a service provides an additional layer of security by identifying, validating, and granting individuals access to a company’s information systems

• The cloud-based deployment segment is anticipated to register the highest growth rate over the forecast period

• The public sector & utilities end-use segment held the highest market share in 2022due to rapid digitalization adoption and increased investment in public sector applications

• The BFSI segment is estimated to grow at the fastest CAGR over the forecast period. The growing popularity of online payments, e-wallets, and digital/retail banking is expected to increase the adoption of these types of solutions across the BFSI sector

• Asia Pacific is expected to register the fastest growth rate over the forecast period due to therising internet penetration, rapid digital infrastructure development, presence of a large number of SMEs adopting such systems, and rising operational digitalization

Browse through Grand View Research's Network Security Industry Research Reports.

• The global service provider network infrastructure market size was valued at USD 139.21 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2028.

• The global next-generation firewall market size was valued at USD 4.33 billion in 2021 and is expected to expand at a CAGR of 11.1% from 2022 to 2030. 

Identity And Access Management Market Segmentation

Grand View Research has segmented the globalidentity and access management market on the basis of component, deployment, end-use, and region:

IAM Component Outlook (Revenue, USD Million, 2018 - 2030)

• Audit, Compliance & Governance

• Directory Service

• Multifactor Authentication

• Provisioning

• Password Management

• Single Sign-On

IAM Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud

• Hybrid

• On-premise

IAM End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Energy, Oil & Gas

• Telecom & IT

• Education

• Healthcare

• Public Sector & Utilities

• Manufacturing

• Others

IAM Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Identity And Access Management Market Intelligence Study, published by Grand View Research.