GITNUX MARKETDATA REPORT 2024

Identity Access Management Industry Statistics

The Identity Access Management industry is expected to experience significant growth with a projected market value of $22.68 billion by 2025, driven by increasing cybersecurity threats and the need for secure access solutions.

Statistic 1

"The global identity and access management market was valued at $15.1 billion in 2020."

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Statistic 2

"The IAM industry is expected to reach $24.51 billion by 2028."

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Statistic 3

"The sector is set to grow at a compound annual growth rate (CAGR) of 13.3% from 2021 to 2028."

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Statistic 4

"In 2020, North America held the highest market share in IAM."

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Statistic 5

"Asia-Pacific is expected to grow at the highest CAGR during the forecast period."

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Statistic 6

"The password management solutions segment held the highest market share in 2020."

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Statistic 7

"Government and defense is the leading industry for IAM adoption."

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Statistic 8

"About 66% of organizations review and adjust IAM policies annually."

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Statistic 9

"Infrastructure modernization is the No. 1 driver of IAM investment today (58%)."

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Statistic 10

"The largest segment within IAM in 2020 was identity governance and administration (IGA) at 40%."

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Statistic 11

"IAM is predicted to save large companies $5 million to $10 million annually."

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Statistic 12

"74% of organizations view IAM as a business enabler."

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Statistic 13

"Over half of IT professionals say IAM is more difficult to manage remotely."

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