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Identity and Access Management Market Share
The market is characterized by large-scale investments in R&D for developing advanced IAM frameworks as well as collaborations & partnerships among leading enterprises and IAM solution providers. Major players, such as:
focus on developing differentiated products to meet the growing demand and reduce the security challenges faced by enterprises. Companies are also focused on launching new IAM solutions to increase their market shares.
The industry for identity and access management (IAM) in Europe was valued at over USD 3 billion in 2022, considering the rising number of mobile workforces in the region.
The single sign-on (SSO) solution segment is anticipated to account for over 13% share of the identity and access management (IAM) industry by 2032, owing to the increasing use of passwords in enterprises.
The market value for identity and access management (IAM) was crossed USD 12 billion in 2022 and will depict over 13% CAGR through 2023-2032, due to an increase in identity theft, data breaches, and hacking incidents.
Dell Inc., Hitachi Id Systems, Inc., IBM Corporation, Microsoft Corporation, Net IQ (Micro Focus), Okta Inc., Oracle Corporation, Siemens AG, and Symantec Corporation are among the key participants in the market.