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Microsoft Corporation and Google LLC holds significant market share, accounting over 15% of the market value. The growing adoption of cloud computing is driving the demand for cloud-based MIM solutions. These solutions offer scalability, affordability, and easier integration with existing cloud infrastructure. Market leaders are focusing on developing and promoting these cloud-based offerings to cater to the growing market demand.
Collaboration through partnerships and acquisitions is another key strategy, companies are teaming up with established players in the cybersecurity and mobile device management space to offer comprehensive solutions. Acquisitions of smaller, niche players with specific expertise can also be a way to expand product portfolios and reach new market segments.
Major players operating in the mobile identity management industry are:
The software segment in the mobile identity management industry is expected to exceed USD 16 billion by 2032, driven by integration of AI and ML for enhancing capabilities of identity verification and authentication processes.
North America market held over 30% share in 2023, attributed to high smartphone penetration and with strong focus on cybersecurity.
The market size of mobile identity management (MIM) reached USD 3.27 billion in 2023 and is set to witness over 27.2% CAGR between 2024 and 2032, owing to the increasing reliance on smartphones.
Microsoft Corporation, Google LLC, IBM, VMware, Cisco Systems, Okta, Inc, and BlackBerry Limited