Identity And Access Management Market Growth & Trends
The global identity and access management market size is anticipated to reach USD 41.52 billion by 2030, registering a CAGR of 12.6% over the forecast period, according to a new study by Grand View Research Inc. Identity and access management (AIM) is a security discipline that ensures the right entities to use the right resources (data or apps).
Advancements in the internet of things (IoT) and artificial intelligence (AI), rising awareness about regulatory compliance management, and increasing reliance on digital platforms & automation across industries are anticipated to drive the industry over the forecast period. The integration of IAM solutions and MDM is anticipated to drive market growth over the forecast period.
The rising fraudulent and cyber crime activities are driving enterprises to implement IAM systems as a result of the rapid adoption of the cloud and the advancement of new technologies, such as AI and ML. IAM uses identity analytics and intelligence to monitor unusual user account activity.
Furthermore, AIM systems reduce the cost of services, such as outsourcing, among others. Hence, the rising enterprise identity and security concerns and the elimination of service costs drive the growth of the industry over the forecast period.
Furthermore, high installation costs of identity and access management systems are expected to stifle the growth of the industry over the forecast period. The identity and access management industry is adopting the latest IAM business technologies as capital technology. These technologies have increased market opportunities for identity and access management which have been purchased and implemented in recent years. IAM contracts' market revenue necessitates extensive implementation. Hence, cloud-based IAM services and technology are becoming more accessible by the day which creates opportunities for market growth over the forecast period.
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Identity And Access Management Market Segmentation
Grand View Research has segmented the globalidentity and access management market on the basis of component, deployment, end-use, and region:
IAM Component Outlook (Revenue, USD Million, 2018 – 2030)
- Audit, Compliance & Governance
- Directory Service
- Multifactor Authentication
- Password Management
- Single Sign-On
IAM Deployment Outlook (Revenue, USD Million, 2018 – 2030)
List of Key Players of Identity And Access Management (IAM) Market
- Amazon Web Services, Inc.
- One Identity LLC.
- HID Global Corp.
- McAfee, LLC
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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