Identity and Access Management Market 2030 Sees Surge in Demand for Localization Services
Global Identity and Access Management Market Set to Surge, Projected to Reach $46.24 Billion by 2030
The global Identity and Access Management (IAM) Market Share is poised for significant growth, with projections indicating an increase from $19.40 billion in 2023 to $46.24 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 13.21% during the forecast period. This surge is driven by escalating cybersecurity threats, stringent regulatory compliances, and the widespread adoption of cloud services across various industries.
Competitive Landscape
The IAM market is characterized by intense competition, with key players such as IBM Corporation, Microsoft Corporation, Oracle Corporation, CA Technologies, and SailPoint Technologies leading the charge. These companies are focusing on strategic mergers and acquisitions, innovative product developments, and partnerships to strengthen their market positions and cater to the evolving security needs of organizations worldwide.
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Regional Insights
United States: IAM Market Growth and Consolidation
In the United States, the IAM market is experiencing substantial growth, primarily due to the increasing number of cyberattacks and stringent regulatory frameworks like the Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act (SOX). The region's market size reached $6.70 billion in 2023 and is expected to attain around $22.32 billion by 2033, growing at a CAGR of 12.78% between 2024 and 2033.
Major players are engaging in mergers and acquisitions to enhance their IAM offerings. For instance, Okta, Inc. acquired Auth0 in 2021 to expand its identity platform and address a broader range of customer needs.
Asia Pacific: IAM Market Opportunities and Trends
The Asia Pacific region presents significant opportunities for the IAM market, driven by rapid digital transformation, increasing internet penetration, and the proliferation of smart devices. The market in this region is expected to witness the fastest growth during the forecast period.
Countries like China and India are witnessing a surge in cyber threats, prompting organizations to adopt robust IAM solutions. Recent developments include Alibaba Cloud enhancing its IAM capabilities to provide secure and efficient identity management services to its clients.
Middle East and Africa: IAM Market Trends and Updation
The Middle East and Africa (MEA) region is gradually embracing IAM solutions, driven by the need to protect critical infrastructure and comply with emerging data protection regulations. The market is projected to grow steadily as organizations in sectors like oil and gas, banking, and telecommunications invest in IAM to safeguard their operations. Notably, SecureMisr, an Egyptian cybersecurity firm, was acquired by Help AG, the cybersecurity arm of Etisalat Digital, to bolster IAM services in the region.
Europe: IAM Market Trends and Consolidation
Europe's IAM market is witnessing significant growth, propelled by stringent data protection laws such as the General Data Protection Regulation (GDPR) and the increasing adoption of cloud services. The market size reached $5.97 billion in 2023 and is expected to grow at a CAGR of 12.6% from 2023 to 2030.
The region is also experiencing consolidation, with companies like Atos acquiring IDnomic, a leading digital identity management provider, to enhance its cybersecurity offerings.
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Identity and Access Management Market Segmentation
by Component
Provisioning
Directory Services
Password Management
Audit, Compliance, and Governance
Single Sign-On
Advanced Authentication
by Organization Size
Small & Medium Enterprises
Large Enterprises
by Deployment Type
Cloud
On-Premises
by Vertical
BFSI
Telecom & IT
Public Sector & Utilities
Energy
Education
Manufacturing
Healthcare & Life Sciences
Others
Identity and Access Management Market Key Players
1. CA Technologies
2. Centrify
3. One Identity LLC
4. ForgeRock Inc.
5. HID Global Corporation
6. IBM Corporation
7. McAfee
8. Microsoft Corporation
9. NetIQ Corporation
10.Okta Inc.
11.One Login Inc.
12.Oracle Corporation
13.Ping Identity
14.SecureAuth
15.Evidian
16.Intel Corporation
17.Salesforce
18.Broadcom
19.Ubisecure
20.CyberArk
21.SAP
22.SailPoint Technologies
23.Saviynt
24.SecureAuth Corporation
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