Identity and Access Management Market
Global Identity and Access Management Market Size, Share & Trends Analysis Report by Component (Solution and Services), by Deployment Mode (Cloud-Based and On-Premises), and by Vertical (BFSI, Travel & Hospitality, Healthcare, Retail & E-Commerce, IT, Education, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global identity and access management market is anticipated to grow at a significant CAGR of 13.5% during the forecast period. The major factor driving the growth of the identity and access management market during the forecast globally is the increasing instances of security breaches and growing instances of identity-related fraud. According to the Federal Trade Commission (FTC), in 2020, identity fraud incidents increased by almost 45% incurring huge financial losses globally. For the same timeframe, ID thefts of more than one million children were reported by FTC. Furthermore, in 2021, around 1.4 million reports of identity theft were received by the FTC. Hence, the increasing instances of identity theft are driving the demand for identity and access management solutions which in turn is driving the market growth.
Impact of COVID-19 Pandemic on Global Identity and Access Management Market
The COVID-19 pandemic had a positive impact on the global identity and access management market. During COVID-19, the population across the globe has witnessed a major shift in the businesses to operate online due to the COVID-19 pandemic has increased the instances of security breaches and cyber fraudulent activities which in turn has increased the spending on cybersecurity by the companies. Hence, this is driving the growth of the market during the forecast period. Further, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which forced the companies to operate online or adopt cloud platforms for their operations. Hence, the shifting of businesses online due to COVID-19 increased the risk for security breaches as well as hacking which in turn increased the demand for identity and access management solutions and services making it critical for businesses.
Segmental Outlook
The global identity and access management market is segmented based on component, deployment mode, and vertical. Based on the component, the market is sub-segmented into solutions and services. The solution segment includes data directory, identity lifecycle management, provisioning, de-provisioning, authentication, verification, password management, self-service password reset, password reset, password synchronization, access management and authorization, audit, compliance, and governance. Further, the services segment comprises integration & deployment, support & maintenance, and consulting. Based on the deployment mode, the market is sub-segmented into cloud-based and on-premises. Based on the vertical, the market is sub-segmented into BFSI, travel & hospitality, healthcare, retail & e-commerce, it, education, and others.
Global Identity and Access Management Market Share by Component, 2021 (%)
Verification Solution to Hold Prominent Share of the Global Identity and Access Management Market
Among the components, the verification solutions sub-segment in the global identity and access management market is expected to hold a prominent share over the forecast period. The factor driving the segment includes the growing demand for verification of individuals due to increasing security breaches globally. For instance, in April 2020, Nintendo reported that 160,000 users were affected by a mass account hijacking that leveraged the company’s NNID legacy login system giving hackers access to payment services linked to these accounts including PayPal accounts or credit cards. Additionally, due to the rapid growth of businesses, the need for identity and access management solutions is increasing and identity verification is an essential part of it which in turn is driving the growth of the segment.
Regional Outlook
The global identity and access management market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among all the regions, the Asia-Pacific is anticipated to grow at an considerable CAGR during the forecast period, due to the increasing threat of identity and access breaches in the countries including China and others.
Global Identity and Access Management Market Growth by Region, 2022-2028
North America Region is Anticipated to Hold a Prominent Share in the Global Identity and Access Management Market
The North America region is anticipated to hold a prominent share in the identity and access management market. The major factor driving the growth of the market in the region is the increasing adoption of cloud applications, growing trends of BYOD, and the rising requirement for ensuring compliance with regulations. In addition, the requirement for cybersecurity is growing to offer economic and national security which in turn is boosting the growth of the market across the region. For instance, in July 2021, around 200 US software companies were hit by a colossal ransomware attack, according to a cyber-security firm, Huntress Labs. Thus, rapidly increasing cyberattacks and data breaches in one of the major factors which have propelled the requirement and demand for the identify and access management market.
Market Players Outlook
The major companies serving the global identity and access management market include Broadcom Inc., IBM Corp., Microsoft Inc., Oracle Corp., and Salesforce Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, and geographical expansion, to stay competitive in the market. For instance, in February 2022, Ping Identity announced to launch PingOne DaVinci. It is a new no-code identity orchestration service and enables organizations to integrate as well as orchestrate identity services from a wide range of vendors.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global identity and access management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Identity and Access Management Market
• Recovery Scenario of Global Identity and Access Management Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Broadcom Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. IBM Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Microsoft Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Oracle Corp.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Salesforce Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Identity and Access Management Market by Component
4.1.1. Solution
4.1.2. Services
4.2. Global Identity and Access Management Market by Deployment Mode
4.2.1. Cloud
4.2.2. On-Premises
4.3. Global Identity and Access Management Market by Vertical
4.3.1. BFSI
4.3.2. Travel and Hospitality
4.3.3. Healthcare
4.3.4. Retail and E-commerce
4.3.5. IT
4.3.6. Others (Education)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Avatier Corp.
6.2. Beyond Identity, Inc.
6.3. CyberArk
6.4. EmpowerID
6.5. ForgeRock
6.6. HID Global
6.7. Otka Inc.
6.8. Ping Identity Corp.
6.9. RSA Security LLC
6.10. SAP SE
1. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SOLUTIONS FOR IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICES FOR IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
8. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
9. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR TRAVEL & HOSPITALITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR IT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
21. EUROPEAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. EUROPEAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
24. EUROPEAN IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
29. REST OF THE WORLD IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD IDENTITY AND ACCESS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET, 2022-2028 (%)
4. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5. GLOBAL SOLUTIONS FOR IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SERVICES FOR IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
8. GLOBAL CLOUD-BASED IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ON-PREMISES IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY VERTICAL, 2021 VS 2028 (%)
11. GLOBAL IDENTITY AND ACCESS MANAGEMENT FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY TRAVEL & HOSPITALITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY RETAIL & ECOMMERCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY IT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY EDUCATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL IDENTITY AND ACCESS MANAGEMENT BY OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL IDENTITY AND ACCESS MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. UK IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
