Identity and Access Management Market Statistics 2027
The global Identity and Access Management market size is projected to reach US$ 43190 million by 2027, from US$ 15960 million in 2020, at a CAGR of 15.3% during 2021-2027. Major factors driving the growth of Identity and Access Management market size are a rise in awareness about compliance management across various industries, the proliferation of Bring Your Own Devices (BYOD), an increase in security concerns among organizations, and the demand for mobility solutions.
Identity and access management (IAM) is a framework for business processes that facilitates the management of electronic or digital identities. The framework includes the organizational policies for managing digital identity as well as the technologies needed to support identity management.
The market is primarily driven by the increase in security concerns among organizations and the demand for mobility solutions. Moreover, the rise in awareness about compliance management across various industries has driven the adoption of identity & access management solutions for security purposes.
The Healthcare vertical is increasingly deploying cutting-edge technology to deliver enhanced, intuitive, and personalized treatment and experience for patients. IAM solutions help healthcare organizations resolve the security concerns linked to users' identities and help them provide their patients with an enhanced experience. The growing implementation of IAM in the healthcare industry is expected to increase the growth of the
IAM Market size.
Increasing awareness of regulatory compliance is expected to fuel the IAM market size. Companies are introducng identity and access management solutions to control and prevent cybercrime, ensuring that the right people get access to the right things. To meet various compliance standards, identity and access management tools can be used. The IAM solution eases the compliance burden and provides the enterprise with a highly protected environment.
Identity and Access Management Market Share
North America is expected to hold the largest IAM market share. This dominance of North America is attributed to the favorable regulatory scenario. Several U.S. federal agencies have incorporated strict authentication criteria for their workers for accessing government IT infrastructure and networks, such as hardware-based personal identity verification cards.
Due to IAM solutions' high deployment and rising cyber threats to critical infrastructure, Asia Pacific is likely to witness the highest growth during the forecast period. The versatile economic conditions, industrialization-motivated policies, and increasing digitalization are expected to have a major impact on the APAC business environment and there benefit companies operating in the IAM market.
The report offers an exhaustive geographical analysis of the global Identity and Access Management market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Major Players in the Identity and Access Management Market
- Broadcom
- IBM Corporation
- Microsoft Corporation
- Dell EMC
- Intel Corporation
- Oracle Corporation
- Sailpoint Technologies Inc
- Google
- Ping Identity Corporation
- Centrify Corporation
- NetIQ Corporation
- Amazon
- Okta
- Onelogin Inc
- Alibaba
- Hitachi ID Systems
- IDMWORKS
Identity and Access Management Market by Type
Identity and Access Management Market by Application
- Healthcare
- Telecommunication
- BFSI
- Media & Entertainment
- Travel & Hospitality
Scope of the Identity and Access Management Market Report
|
Report Metric |
Details |
|
Report Name |
Identity and Access Management Market |
|
The market size in 2020 |
USD 15960 Million |
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The revenue forecast in 2027 |
USD 43190 Million |
|
Growth Rate |
CAGR of 15.3% from 2021 to 2027 |
|
Market size available for years |
2021-2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, End-User, Offerings, and Region |
|
Market by Type |
Cloud, Hybrid, On-Premise |
|
Market by Applications/Enduser |
Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Frequently Asked Questions About This Report
1. How big is the identity and access management market?
Ans. The global Identity and Access Management market size is projected to reach US$ 43190 million by 2027, from US$ 15960 million in 2020, at a CAGR of 15.3% during 2021-2027.
2. What are the factors driving the identity and access management market?
Ans. Major factors driving the growth of identity and access management market size are a rise in awareness about compliance management across various industries, the proliferation of Bring Your Own Devices (BYOD), an increase in security concerns among organizations, and the demand for mobility solutions
3. Who are the leading vendors in identity and access management market?
Ans. Some leading vendors operating in the identity and access management market are Broadcom, IBM Corporation Microsoft Corporation, Dell EMC, Intel Corporation, ORACLE CORPORATION, Sailpoint Technologies Inc, GOOGLE INC, Ping Identity Corporation
4. What would be the forecast period in the identity and access management market report?
Ans. The forecast period for the identity and access management market is 2021 to 2027
5. Which region dominated in the global identity and access management market share?
Ans. North America is expected to hold the largest IAM market share. This dominance of North America is attributed to the favorable regulatory scenario.
