Identity and access management (IAM) is a framework for linking digital identities with access to enterprise applications, services, and physical assets. IAM services offer centralized authentication and authorization services for cloud, mobile, and on-premises solutions through capabilities like strong authentication, access authorization, directory services, and more. With remote and hybrid work becoming the norm, organizations need robust IAM solutions to securely manage employees, contractors, and consumers across devices and locations.

The global Identity and Access Management Market is estimated to be valued at US$ 15.07 Bn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity

The growing reliance on cloud-based applications and services across industries is expected to drive the demand for Global Identity And Access Management Market Size. As more workloads shift to public and hybrid clouds, organizations require management of identities, entitlements, and access permissions across complex IT environments. IAM offers visibility and control over user access to ensure compliance with privacy regulations while lowering the risk of inadvertent data leakage or misuse. With cloud adoption continuing to increase post-pandemic, IAM vendors can capitalize on the opportunity by developing solutions that provide a unified experience across on-premises and cloud-based systems.

Porter’s Analysis

Threat of new entrants: The IAM market requires high R&D investments and established brand loyalty which pose barriers for new entrants. However, the growing security needs offer opportunities.

Bargaining power of buyers: Large enterprises have significant bargaining power due to high purchase volumes. However, the extensive product offerings reduce buyers' ability to compare alternatives easily.

Bargaining power of suppliers: Major IAM vendors like Autodesk and Dassault Systemes have strong bargaining power due to differentiated products and technologies. However, the threat of substitutions limits suppliers' power to a certain extent.

Threat of new substitutes: Open-source IAM solutions pose a substitution threat, though their functionalities are limited compared to proprietary products.

Competitive rivalry: The market is highly competitive due to the presence of prominent global and regional vendors. Differentiation achieved through continuous innovations and customizations intensifies rivalry.

SWOT Analysis

Strengths: Growing security threats and digital transformation initiatives boosting demand. Wide breadth of IAM capabilities addressing authentication, authorization, audit, and access controls.

Weaknesses: Legacy on-premises systems require upgrades for modern functionality. Large customer base limits willingness to change vendors.

Opportunities: Increasing adoption of cloud and hybrid deployment models. Expanding into adjacent verticals like IoT, mobility, and big data management.

Threats: Growing commoditization threatens differentiation. Stricter data protection regulations increasing compliance requirements and costs.

Key Takeaways

The global Identity and Access Management market is expected to witness high growth supported by digital transformation and increased security spending across industries.

Regional Analysis: The Asia Pacific region is projected to grow the fastest due to rapid development of cloud infrastructure and spending on cybersecurity by organizations in China, India, and other emerging countries.
North America dominates currently due to early adoption of advanced technologies and the presence of major vendors. Major players like Autodesk, Dassault Systemes, and others are focusing on portfolio expansion and collaboration with cloud providers to strengthen their market positions. Product and service innovation centered around cloud, mobility, IoT, and analytics will be key differentiators in the competitive landscape.

Key players operating in the Identity and Access Management market are Autodesk Inc., IES (Integrated Environmental Solutions), Bentley Systems, Dassault Systà ̀ˆmes, EnergyPlus, CYPE Software, DesignBuilder Software, IESVE (IES Virtual Environment), Carrier, eQUEST, Trane Technologies, IES TaP, IES SCAN, Trimble, EnergySoft.

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