According to a recent market study published by Growth Market Reports, titled, “Global Identity and Access Management Market” by Deployment Mode, by Type, by Offering, by Industry Vertical, by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 17,420.8 Million in 2022 and is expected to grow at a moderate growth rate of 14.3% by the year 2031.

As per Growth Market Reports industry analyst Avanti Thakre, “Global Identity and Access Management Market” is anticipated to witness significant growth during the forecast period 2023-2031.

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Identity and Access Management (IAM) is an evolutionary framework that adapts to the ever-changing landscape of digital interactions. It serves as the guardian of digital identities, fostering a secure and efficient ecosystem where access is a privilege intricately governed by policies, technologies, and the dynamic nature of user identities.

IAM is not solely confined to internal organizational boundaries. As businesses embrace cloud computing and interconnected ecosystems, IAM extends its reach to cover external entities, including partners, suppliers, and customers. Federated identity management emerges as a critical component, enabling secure collaboration and streamlined access across diverse environments.

IAM also plays a vital role in regulatory compliance, facilitating organizations in adhering to data protection laws and industry regulations. By maintaining a comprehensive audit trail, IAM systems empower organizations to demonstrate compliance and respond effectively to audit inquiries.

The value chain analysis of the Identity and Access Management (IAM) market encompasses several interconnected stages, starting with research and development of IAM solutions. IAM vendors invest in innovating authentication methods, adaptive access controls, and integration capabilities. Following this, product development involves creating user-friendly interfaces and ensuring compatibility with evolving technologies. Marketing and sales efforts focus on educating businesses about the importance of IAM in cybersecurity and compliance. The implementation and integration phase involves deploying IAM solutions into an organization's existing infrastructure, often requiring customization for specific needs. Ongoing support and maintenance services are crucial to address evolving threats and ensure system reliability. Finally, end-users, including businesses and individuals, benefit from secure access controls and identity management. The value chain emphasizes the collaborative efforts of IAM providers to deliver comprehensive solutions, from conceptualization and development to deployment and continuous support, contributing to the overall cybersecurity resilience of organizations.

The primary, as well as secondary research methodology, is used for keen observation and study of the identity and access management market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has significantly impacted the Identity and Access Management (IAM) market, prompting shifts in priorities and accelerating certain trends. With the sudden surge in remote work, organizations faced heightened security challenges, leading to an increased emphasis on IAM solutions. The need for secure access to corporate networks became crucial as remote access points expanded, driving a notable uptick in IAM adoption. Companies like Okta reported increased demand for their IAM services during the pandemic, as organizations sought solutions to manage remote user identities securely. Additionally, the pandemic highlighted the importance of adaptive authentication and robust user verification methods to prevent unauthorized access. However, economic uncertainties during the pandemic also influenced budget constraints for some organizations, affecting their ability to invest in comprehensive IAM solutions.

Key Takeaways from the Study:

  • In terms of deployment mode, the identity and access management market is segmented into cloud-based, on-premise, and hybrid. The on-premise segment is expected to dominate the market in 2022 as organizations are reevaluating their security postures and opting for on-premise IAM solutions to maintain greater control over sensitive data. Concerns about data sovereignty, regulatory compliance, and customization needs are driving this shift. On-premise IAM offers a tailored approach, ensuring organizations align security measures with specific requirements.

  • On the basis of type, the identity and access management market is segmented into workforce identity and customer identity. The workforce identity segment is expected to hold a substantial share of the market during the forecast due to the strategic shift towards more comprehensive and user-centric IAM solutions. Workforce identity focuses on seamlessly integrating employee identities, ensuring secure access across diverse platforms. The emphasis on user experience, coupled with a heightened awareness of insider threats, propels the demand for advanced workforce identity solutions.

  • On the basis of offering, the identity and access management market is segmented into solutions and services. The solution segment is expected to hold a substantial share of the market during the forecast as organizations are moving away from static access permissions, embracing a model where privileges are never assumed but continuously validated. This evolution aligns with the demand for heightened security postures, compliance adherence, and seamless user experiences.

  • Based on industry vertical, the identity and access management market is segmented into healthcare, BFSI, IT & telecommunication, manufacturing, government, retail, and others. The IT & telecommunication segment is expected to dominate the market in 2022 due to the growing complexity of IT ecosystems and the increasing reliance on telecommunications networks, IAM solutions are tailored to ensure that identities are continuously verified, mitigating the risks associated with unauthorized access. This evolution in IAM for IT and telecommunication emphasizes the industry's dedication to staying ahead of emerging threats and fostering a resilient, responsive approach to identity and access management.

Report Scope:

Report Metric


Market Value in 2022

US$ 17,420.8 Million

Market Growth Rate (from 2015 to 2030)


Historical Data


Base Year


Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Deployment Mode, by Type, by Offering, by Industry Vertical

Key Companies Profiled

Google, Okta, Microsoft, Oracle, IBM, Thales, RSA Security LLC, CyberArk Software Ltd., SailPoint Technologies, Inc., Broadcom, Ping Identity, BeyondTrust Corporation, OpenText, and OneLogin.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side:

  • Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.