IAM solutions integrate diverse authentication such as biometrics and passwords to control and monitor user access to critical applications and infrastructure. The global Identity and Access Management Market is estimated to be valued at US$ 15.07 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of access management solutions and tools across organizations has accelerated the growth of the identity and access management market over the past few years. Various organizations are increasingly adopting centralized and automated access management solutions to secure access to critical resources and applications and maintain compliance with regulatory standards. Access management solutions help organizations streamline authentication, authorization, and access workflows which enhances security and compliance. The growing demand for centralized access control and the need to reduce identity-related risks are expected to drive increased adoption of advanced IAM solutions during the forecast period.
Segment Analysis
The Global Identity And Access Management Market Size is segmented based on component, deployment mode, organization size, vertical and region. By component, the market is divided into solutions and services. The solutions segment dominated in 2023 and is expected to continue its dominance during the forecast period. This is attributed to growing demand for risk and compliance management solutions and data security solutions for user authentication and authorization.
Key Takeaways
The global Identity and Access Management market is expected to witness high growth over the period of 2023 to 2030.
Regional analysis: North America dominated the market in 2023 and is expected to continue its dominance during the forecast period. This is attributed to growing adoption of cloud-based IAM services and solutions across various industries to secure critical infrastructure from advanced cyber threats.
Key players operating in the Identity and Access Management market are Autodesk Inc., Bentley Systems, Dassault Systà ̈mes, EnergyPlus, CYPE Software, DesignBuilder Software, IESVE (IES Virtual Environment), Carrier, eQUEST, Trane Technologies, IES TaP, IES SCAN, Trimble, EnergySoft. Autodesk Inc. holds the leading position in the market owing to its comprehensive solutions portfolio for identity and access management.
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