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Identity and Access Management (IAM) Market Size

Report ID: GMI176
Published Date: Mar 2023
Report Format: PDF

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Identity and Access Management Market Size

Identity and Access Management (IAM) Market size exceeded USD 12 billion in 2022 and is expected to grow at 13% CAGR till 2032. This industry growth can be attributed to the exponential increase in the adoption of cloud computing services across multiple industries including BFSI, retail, and healthcare. For instance, the cloud computing market generated a revenue of over 450 billion in 2022 from cloud computing & related services and is likely to generate over USD 700 billion by 2030.

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U.S. Identity & Access Management (IAM) Market Share By Solution

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The design and operation of every business model are different in an organization, making it difficult to secure the entire organization with IAM solutions. Centralized IAM structures and processes cannot keep up with access control demands. According to our analysis for 2022, 88% of large-scale enterprises have independent business processes. It is difficult for cybersecurity organizations to establish an IAM infrastructure independently for every section of the business process and manage the risk & security compliances. This is a major factor restraining market growth.

Identity and Access Management Market Report Attributes
Report Attribute	Details
Base Year:	2022
Identity and Access Management Market Size in 2022:	12 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15%
2032 Value Projection:	45 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	279
Segments covered:	Solution, Deployment Model, Application and Region
Growth Drivers:	Growth of data breaches, identity theft, and hacking incidents Requirement for compliance management Need for mobility and remote workforce management Adoption of connected technology such IoT, BYOD, and cloud computing Challenges related to employee off-boarding and on-boarding
Pitfalls & Challenges:	Lack of awareness about IAM solutions Independent processes throughout the organization High reliance on users to protect their ID and password

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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 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.

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.