Key Takeaways
- The global Identity and Access Management (IAM) market size was valued at USD 15.79 billion in 2022 and is projected to reach USD 41.22 billion by 2030, growing at a CAGR of 12.9%.
- IAM market revenue in North America accounted for 38.2% of the global share in 2023, driven by stringent data protection regulations.
- The cloud-based IAM segment is expected to grow from USD 9.2 billion in 2023 to USD 25.6 billion by 2028 at a CAGR of 22.7%.
- IAM market penetration in large enterprises reached 78% in 2023, up from 62% in 2020.
- 85% of organizations plan to increase IAM spending in 2024, according to a 2023 survey of 500 IT leaders.
- 62% of enterprises have fully deployed cloud IAM solutions as of 2023.
- 81% of orgs experienced a breach due to IAM misconfigurations in 2023.
- IAM-related incidents caused 34% of all data breaches in 2023, averaging $4.88 million cost.
- Weak IAM credentials responsible for 80% of hacking breaches in 2023 Verizon DBIR.
- AI/ML integration in IAM expected to reduce false positives by 60% by 2025.
- Biometric IAM adoption projected to grow 25.4% CAGR to 2030.
- Passwordless authentication tech to be used by 30% of enterprises by 2025.
- Okta holds 14.2% market share in IDaaS IAM solutions as of Q3 2023.
- Microsoft Entra ID (Azure AD) commands 22.8% of enterprise IAM market in 2023.
- Ping Identity captures 9.5% share in MFA IAM segment 2023.
The IAM market is booming due to rising cyber threats and digital transformation.
Breaches and Risks
- 81% of orgs experienced a breach due to IAM misconfigurations in 2023.
- IAM-related incidents caused 34% of all data breaches in 2023, averaging $4.88 million cost.
- Weak IAM credentials responsible for 80% of hacking breaches in 2023 Verizon DBIR.
- 74% of breaches involved compromised identities per 2023 study of 550 orgs.
- Average time to identify IAM breach was 204 days in 2023, up 4% YoY.
- Phishing targeting IAM accounts led to 36% of incidents in 2023.
- 52% of orgs had over-privileged accounts exploited in 2023 breaches.
- IAM misconfigs contributed to $6.5 million average breach cost in healthcare 2023.
- 65% of cloud breaches traced to IAM errors in 2023 Gartner analysis.
- Insider threats via IAM bypassed 28% of orgs' defenses in 2023.
- 91% of ransomware attacks in 2023 exploited IAM vulnerabilities first.
- Legacy IAM systems involved in 43% of breaches costing over $1M in 2023.
- IAM API exposures led to 22% increase in supply chain breaches 2023.
- 77% of CISOs cite IAM gaps as biggest risk in 2024 surveys.
- Stolen IAM credentials used in 61% of lateral movement in breaches.
- Non-compliance with IAM standards caused 19% of fines over $10M in 2023.
- Shadow IT IAM usage led to undetected breaches in 38% of cases 2023.
- IAM fatigue attacks successful in 25% of simulated phishing tests 2023.
Breaches and Risks Interpretation
Market Size and Forecasts
- The global Identity and Access Management (IAM) market size was valued at USD 15.79 billion in 2022 and is projected to reach USD 41.22 billion by 2030, growing at a CAGR of 12.9%.
- IAM market revenue in North America accounted for 38.2% of the global share in 2023, driven by stringent data protection regulations.
- The cloud-based IAM segment is expected to grow from USD 9.2 billion in 2023 to USD 25.6 billion by 2028 at a CAGR of 22.7%.
- Enterprise IAM market projected to hit USD 24.5 billion by 2027, with a CAGR of 14.5% from 2020-2027.
- IAM solutions market in Asia-Pacific expected to grow at highest CAGR of 15.3% during 2023-2030 due to digital transformation.
- Global IAM market forecasted to reach $33.5 billion by 2026, up from $16.5 billion in 2021, at 15.1% CAGR.
- Privileged Access Management (PAM) subset of IAM to grow to USD 5.8 billion by 2028 from USD 2.9 billion in 2023.
- IAM market in BFSI sector valued at USD 4.2 billion in 2022, projected CAGR 13.8% to 2030.
- Zero Trust IAM market size estimated at USD 18.4 billion in 2023, growing to USD 51.2 billion by 2028 at 22.7% CAGR.
- IAM SaaS deployments to account for 45% of market revenue by 2025, up from 32% in 2020.
- Healthcare IAM market to expand from USD 1.8 billion in 2023 to USD 4.1 billion by 2030 at 12.5% CAGR.
- IAM market in Europe valued at USD 5.6 billion in 2022, with GDPR driving 14.2% CAGR through 2029.
- Customer IAM (CIAM) market projected to grow from USD 5.2 billion in 2022 to USD 14.7 billion by 2029.
- IAM integration services market to reach USD 8.9 billion by 2027, CAGR 13.9%.
- Global IAM software market size was USD 12.4 billion in 2023, expected to hit USD 28.3 billion by 2031.
- IAM market in IT & Telecom sector to grow at 14.7% CAGR, reaching USD 7.3 billion by 2028.
- Multi-Factor Authentication (MFA) IAM segment valued at USD 8.1 billion in 2022, CAGR 16.2% to 2030.
- IAM market for SMEs projected to grow from USD 3.5 billion in 2023 to USD 9.2 billion by 2030.
- U.S. IAM market share was 35.4% of global in 2022, projected to USD 14.1 billion by 2030.
- IAM consulting services market to expand to USD 6.7 billion by 2026 at 12.8% CAGR.
- IAM market in retail sector valued at USD 2.1 billion in 2023, growing at 13.5% CAGR.
- Passwordless IAM market forecasted to reach USD 4.5 billion by 2027 from USD 1.2 billion in 2022.
- The global IAM market is expected to grow from $17.2 billion in 2023 to $43.8 billion by 2030 at a CAGR of 14.4%.
- IAM in government sector projected to reach USD 3.9 billion by 2028, CAGR 12.1%.
- Energy & Utilities IAM market at USD 1.7 billion in 2023, CAGR 13.9%.
Market Size and Forecasts Interpretation
Technological Advancements
- AI/ML integration in IAM expected to reduce false positives by 60% by 2025.
- Biometric IAM adoption projected to grow 25.4% CAGR to 2030.
- Passwordless authentication tech to be used by 30% of enterprises by 2025.
- Blockchain-based IAM solutions market to reach USD 2.3 billion by 2028.
- FIDO2 standard compliance in IAM devices hit 45% in 2023 hardware shipments.
- Quantum-resistant IAM algorithms tested by 18% of large banks in 2023.
- Serverless IAM architectures deployed in 32% of cloud-native apps 2023.
- Behavioral biometrics in IAM reduced fraud by 75% in pilot programs 2023.
- Decentralized IAM (DID) frameworks adopted by 12% of Web3 projects.
- Edge computing IAM latency reduced to under 50ms in 67% of IoT deployments.
- IAM-as-a-Service (IDaaS) features now include 92% automation in workflows.
- Machine learning anomaly detection in IAM flags 98% of threats pre-breach.
- Passkeys in IAM browsers reached 1 billion activations by mid-2023.
- Federated IAM protocols like OAuth 2.1 used in 78% of API ecosystems.
- Continuous Authentication IAM systems monitor 24/7 in 41% of enterprises.
- IAM for AI agents projected to be $1.2B market by 2027.
- Homomorphic encryption in IAM pilots by 9% of gov agencies 2023.
- No-code IAM platforms enable 3x faster deployment for non-tech teams.
- 5G-enabled IAM for mobile workforce cuts auth time by 40%.
Technological Advancements Interpretation
User Adoption and Trends
- IAM market penetration in large enterprises reached 78% in 2023, up from 62% in 2020.
- 85% of organizations plan to increase IAM spending in 2024, according to a 2023 survey of 500 IT leaders.
- 62% of enterprises have fully deployed cloud IAM solutions as of 2023.
- Adoption of Zero Trust IAM models rose to 45% among Fortune 500 companies in 2023 from 28% in 2021.
- 73% of SMBs implemented MFA as part of IAM by end of 2023, up 25% YoY.
- CIAM adoption in e-commerce reached 68% in 2023, enabling personalized user experiences.
- 91% of cybersecurity professionals consider IAM critical to their strategy in 2024 survey.
- Remote work drove 55% increase in IAM tool deployments since 2020.
- 47% of organizations use AI-driven IAM for access decisions in 2023.
- IAM maturity level 'advanced' in only 22% of firms, per 2023 benchmarking study of 1,200 enterprises.
- 76% of CISOs report IAM as top priority for budget allocation in 2024.
- Hybrid IAM environments adopted by 64% of enterprises in 2023.
- 82% of GDPR-compliant firms use IAM for access controls as of 2023.
- IAM self-service portals used by 59% of large orgs, reducing helpdesk tickets by 40%.
- 69% of devs now integrate IAM into CI/CD pipelines per 2023 DevSecOps survey.
- Mobile IAM app adoption hit 54% in workforce IAM by 2023.
- 88% of financial institutions have IAM governance frameworks in place 2023.
- IAM ROI realized within 12 months by 71% of adopters per 2023 study.
User Adoption and Trends Interpretation
Vendor Market Share
- Okta holds 14.2% market share in IDaaS IAM solutions as of Q3 2023.
- Microsoft Entra ID (Azure AD) commands 22.8% of enterprise IAM market in 2023.
- Ping Identity captures 9.5% share in MFA IAM segment 2023.
- SailPoint leads IGA market with 18.7% share per 2023 IDC report.
- CyberArk dominates PAM market at 24.3% share in 2023.
- OneLogin holds 7.1% in SSO IAM solutions globally 2023.
- ForgeRock (now Ping) has 11.2% CIAM market share 2023.
- IBM Security Verify at 8.4% enterprise IAM share Q2 2023.
- Duo Security (Cisco) leads MFA hardware with 16.9% share.
- BeyondCorp (Google) influences 13.5% Zero Trust IAM adoption.
- RSA (Deloitte) holds 6.8% in risk-based IAM analytics.
- Auth0 (Okta) dominates developer IAM with 21.4% share.
- Saviynt IGA vendor share grew to 10.2% in 2023.
- Thales SafeNet IAM encryption share 12.1% enterprise.
- HID Global physical IAM access 15.7% market share.
- Oracle IAM Suite 9.3% share in on-prem deployments.
- PingOne cloud IAM at 8.9% SMB market share 2023.
- One Identity (Quest) PAM share 11.6% mid-market.
- ForgeRock CIAM leader with 14.8% before acquisition.
Vendor Market Share Interpretation
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