PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1775589
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1775589
The Identity and Access Management (IAM) Market is expected to grow from US$25.179 billion in 2025 to US$46.413 billion in 2030, at a CAGR of 13.01%.
Identity And Access Management (IAM) Market Trends:
IAM technology enables easier management of electronic and/or digital identities based on specific corporate procedures, rules, and technology. The technology enables IT managers to limit access to user information. The primary function of an IAM system is the storage of identities with utmost security. It also helps in data governance, making sure that only essential and relevant data is exchanged. Growing digitalization in the corporate sector is one of the key drivers that is nudging growth in the market.
Furthermore, the introduction of sophisticated technology taps new opportunities in the market. Blockchain technology, for instance, has witnessed significant adoption across numerous industry verticals owing to its pros and productive results. While the technology ensures transparency, it has been successful in limiting access to identity for the users. Machine learning and AI are other IAM systems that are been adopted at a dynamic rate. The rising need for security governance, poor quality security service, propelling enforcement issues, and significant existing dispersed systems and workforce have created notable demand for the adoption of IAM for effective operation. However, security concerns linked with stored data and notable cost have the potential to hamper the market growth. Nevertheless, companies operating in the market are revolutionizing technology and adding new avenues to the system to cater to the issue, while devising affordable alternatives.
Identity and Access Management (IAM) Market Growth Drivers:
IAM-technology-based software, such as blockchain, machine learning & AI, and others, has witnessed a significant surge in penetration across different industry verticals. The increase in internet penetration and surge in adoption of cloud computing are anticipated to support the market, driving significant growth. Machine learning & AI have witnessed a robust adoption over the years owing to their lucrative yield and promising prospects. Moreover, the onset of the COVID-19 pandemic, the implementation of lockdown, and the adoption of work-from-home culture have notably increased the adoption of AI.
Identity and Access Management (IAM) Market Company Offerings:
Oracle offers identity and access management solutions for both cloud and on-premise deployment. The IAM technology is effective in managing enterprise workload by providing flexible protection, integrating highly scalable identity management software, along having built-in IAM technology. The solution comes in 6 variations, which are reframed as per the client's requirement.
One of the leading companies operating in the market is IBM. The company's Identity Governance and Administrative (IGA) Services simplify access requests and approvals. Furthermore, the solution has an inbuilt feature that launches periodic access rectification. Other key perks of the solution include efficiency in managing roles and segregation of duties, effective institution of provisioning and remediating, use of advanced integration, and having on-board applications reliably.
Identity And Access Management (IAM) Market Geographical Outlook:
By geography, the IAM market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America is expected to hold a significant share. Asia Pacific is expected to witness growth due to rising technological and digital advancements. Asia Pacific (APAC) has seen advanced and rapid adoption of new technologies, and the worldwide IAM market is anticipated to grow at the fastest rate over the forecast period.
Identity And Access Management (IAM) Market Segmentation: