The global identity and access management (IAM) market size is expected to reach USD 24.12 billion by 2025, at a CAGR of 13.1% over the forecast period according to a new report by Grand View Research, Inc. Rising investment by government and private organizations on security solutions in order to curb the growing incidences of identity theft and to implement regulatory compliances are expected to keep the market growing in the coming years. In addition to these, the growth of web-based applications, risk management such as policy-based compliance and audit management are anticipated to be the key factors driving IAM demand.
COVID-19 & Its Impact
The arrival of pandemic on the world stage proved to be a terrible world event for the markets. It adversely affected several industries and IAM industry was also affected by it. It suffered a decline in growth however, as the months passed by and the industries adopted WFH model and started working online efficiently, IAM market received a fresh set of demands. This led to better growth for the market and is expected to drive the market growth in the coming years.
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Identity And Access Management Market Report Highlights
- Provisioning component segment accounted for highest market share of 30.71% in terms of revenue in 2018
- Multifactor authentication component segment is anticipated to witness the highest CAGR of 17.0% over the forecast period
- On-premise deployment segment led the identity and access management market and was valued at USD 5.28 billion in 2018
- BFSI end use segment is anticipated to witness the highest CAGR of 14.7% over the forecast period
- Asia Pacific is expected to expand at the highest CAGR of 15.6% over the forecast period
- Oracle, IBM Corporation, CA Technologies, NetIQ Corporation, HID Global Corporation and others accounting for the majority share of the market in 2018
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Identity And Access Management Market Segmentation
Grand View Research has segmented identity and access management market on the basis of component, deployment, end-use, and region:
Identity and Access Management (IAM) Component Outlook (Revenue, USD Million, 2015 – 2025)
- Audit, Compliance & Governance
- Directory Service
- Multifactor Authentication
- Password Management
- Single Sign-On
Identity and Access Management (IAM) Deployment Outlook (Revenue, USD Million, 2015 – 2025)
Identity and Access Management (IAM) End Use Outlook (Revenue, USD Million, 2015 – 2025)
- Energy, Oil & Gas
- Telecom & IT
- Public sector & utilities
Identity and Access Management (IAM) Regional Outlook (Revenue, USD Million 2015 – 2025)
- North America
- Asia Pacific
- Latin America
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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