Identity & Access Management (IAM) Market Size Worth $49.21 Billion By 2032 | CAGR: 12.3%

The global identity & access management (IAM) market size is expected to reach USD 49.21 billion by 2032, according to a new study by Polaris Market Research. The report “Identity & Access Management (IAM) Market Share, Size, Trends, Industry Analysis Report, By Deployment (Hybrid, Cloud, and On-premise); By Component; By End-use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Identity and access management (IAM) is a security discipline that ensures authorized entities have the right access to resources, such as data or applications. The industry is expected to be driven by advancements in IoT and AI, increased awareness about regulatory compliance management, and growing reliance on digital platforms and automation across various industries.

The integration of IAM solutions with Master Data Management (MDM) is also anticipated to drive market growth. Enterprises are implementing IAM systems to address rising concerns of fraudulent activities and cybercrime, driven by the widespread adoption of cloud computing and advancements in AI and ML technologies. IAM systems use identity analytics and intelligence to monitor user account activity for any unusual behavior.

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Additionally, IAM systems are known to reduce service costs, such as outsourcing, thereby driving industry growth. However, high installation costs of IAM systems may pose a challenge to market growth. Nevertheless, the IAM industry is adopting the latest business technologies, which have increased market opportunities for IAM solutions in recent years. Cloud-based IAM services and technology are becoming more accessible, creating opportunities for market growth in the forecast period.

Identity & Access Management (IAM) Market Report Highlights

• The cloud-based deployment segment is projected to exhibit the highest growth rate during the forecast period.
• The provisioning component segment was the largest revenue contributor in 2022. Identity management as a service adds an extra layer of security by verifying and granting access to individuals for a company's information systems.
• The BFSI segment is anticipated to grow at the fastest CAGR during the forecast period. The increasing popularity of online payments, e-wallets, and digital/retail banking is expected to drive the adoption of these solutions in the BFSI sector.
• Asia Pacific is anticipated to grow at the fastest rate to increased internet penetration, rapid development of the digital infrastructure, widespread use of these systems by SMEs, and an increase in operational digitalization.
• The global key market players include HP, Intel Corporation, Okta, Inc., Microsoft, Dell, IBM, Oracle, Inc, McAfee, LLC, Broadcom, Siemens, SecureAuth, and NetIQ Corporation

Polaris Market Research has segmented the Identity & Access Management (IAM) market report based on deployment, component, end-use, and region:

Identity & Access Management (IAM), Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

• Hybrid
• Cloud
• On-premise

Identity & Access Management (IAM), Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Directory Service
• Provisioning
• Audit, Compliance & Governance
• Multifactor Authentication
• Single Sign-On
• Password Management

    Identity & Access Management (IAM), End-use Outlook (Revenue - USD Billion, 2019 - 2032)

• BFSI
• Telecom & IT
• Public Sector & Utilities
• Energy, Oil & Gas
• Education
• Manufacturing
• Healthcare
• Others

    Identity & Access Management (IAM), Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa