Global Identity and Access Management (IAM) Market size was valued at USD 13.32 Billion in 2022 and is expected to grow from USD 15.4 Billion in 2023 to reach USD 48.78 Billion by 2031, at a CAGR of 15.6% during the forecast period (2024-2031).

In 2022, the consumer Identity Access Management (IAM) market was valued at approximately 26.3 billion U.S. dollars. The market was expected to more than double its size by 2028.

According to Cognitive Market Research, the global Identity and Access Management (IAM) market size will be USD 16512.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6605.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4953.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3797.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 825.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 330.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
The Workforce IAM category is the fastest growing segment of the Identity and Access Management (IAM) industry

Market Dynamics of Identity and Access Management (IAM) Market

Key Drivers for Identity and Access Management (IAM) Market

Rising Cybersecurity Threats to Boost Market Growth

Rising cybersecurity threats are a significant driver for the Identity and Access Management (IAM) market, as organizations face an increasing number of data breaches, identity theft, and cyberattacks. Hackers are targeting weak access controls to gain unauthorized entry into systems, making it essential for businesses to adopt IAM solutions to safeguard sensitive information. IAM systems, including multi-factor authentication (MFA) and Single Sign-On (SSO), help strengthen security by ensuring only authorized users can access critical systems. With cybercriminals employing advanced tactics, such as phishing, ransomware, and credential stuffing, businesses are prioritizing IAM solutions to mitigate risks. These security solutions not only protect against data breaches but also help organizations comply with strict regulatory requirements, further driving the demand for IAM systems. For instance in August 2022, Saviynt, a provider of advanced identity and access governance solutions, secured USD 205 million in growth funding from AB Private Credit Investors' Tech Capital Solutions group. The company plans to utilize this investment to address the increasing demand for its integrated identity platform and to drive further innovation.

Growing Use of Cloud Services to Drive Market Growth

The growing use of cloud services is a major driver for the Identity and Access Management (IAM) market, as more businesses migrate their operations to cloud environments. Cloud platforms offer flexibility, scalability, and cost-effectiveness, but they also introduce security challenges related to user access and data protection. IAM solutions are essential for securing cloud-based systems by managing user identities and ensuring that only authorized individuals can access sensitive data and applications. Cloud IAM solutions, which support multi-factor authentication (MFA), Single Sign-On (SSO), and centralized access controls, help organizations secure their cloud infrastructure. As businesses continue to embrace cloud technologies and hybrid environments, the need for robust IAM systems to mitigate security risks, ensure compliance, and protect against unauthorized access will continue to grow, driving the IAM market forward.

Restraint Factor for the Identity and Access Management (IAM) Market

High Implementation Costs will Limit Market Growth

High implementation costs are a significant restraint for the Identity and Access Management (IAM) market, particularly for small and medium-sized enterprises (SMEs). The initial investment in IAM solutions can be substantial, as it involves purchasing software, hardware, and services, along with integration and customization to fit existing IT infrastructure. Additionally, ongoing maintenance, updates, and the need for specialized personnel to manage IAM systems add to the overall cost. For many organizations, these expenses may be prohibitive, delaying or limiting their adoption of IAM solutions. The compl...

The global Identity & Access Management market is projected to grow significantly, from USD 17,246.2 million in 2025 to USD 73,276.8 million by 2035 an it is reflecting a strong CAGR of 12.2%.

Country-wise Insights

Category-wise Insights

Competitive Landscape

The global Identity and Access Management (IAM) market generated revenues estimated at nearly 16 billion U.S. dollars in 2022. It is forecasted that the market value of IAM will increase to 43.1 billion U.S. dollars by 2029. IAM refers to a framework of policies, business processes, and tools used to regulate and facilitate the appropriate access to a company’s resources.

According to Cognitive Market Research, the global Identity and Access Management IAM market size will be USD 23514.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 15.60% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 8700.37 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6819.21 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 5643.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 18.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 893.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.3% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 940.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.0% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 517.32 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2025 to 2033.
BFSI category is the fastest growing segment of the Identity and Access Management IAM industry

Market Dynamics of the Identity and Access Management IAM Market:

Key Drivers for Identity and Access Management IAM Market

Rising Cybersecurity Threats and Data Breaches to Boost Market Growth

Identity and Access Management (IAM) solutions help businesses enforce stringent authentication and authorization controls, reducing the risk of unauthorized access. Regulatory bodies across industries, such as healthcare, finance, and government, mandate compliance with strict data protection laws, further driving IAM adoption. Additionally, as organizations transition to remote work and cloud-based environments, ensuring secure user access has become critical. Multi-factor authentication (MFA), single sign-on (SSO), and biometric authentication are gaining traction as part of IAM frameworks to mitigate security vulnerabilities. The need for enhanced security postures, along with growing awareness about cyber risks, is significantly propelling the IAM market’s expansion. For instance, Aembit, a Workload identity and access management startup, raised USD 16.6 million in seed funding from CrowdStrike Falcon Fund. Through this partnership, the company aimed to deliver its Zero Trust strategy by assessing workloads' identities and health before permitting access to sensitive data resources.

https://aembit.io/press-release/aembit-secures-crowdstrike-investment-for-zero-trust-workload-access/

Growth of Cloud Computing and Digital Transformation To Boost Market Growth

The rapid adoption of cloud-based solutions and digital transformation initiatives is fueling the demand for IAM solutions. As enterprises shift from traditional on-premises infrastructure to hybrid and multi-cloud environments, managing user identities and access privileges across different platforms has become increasingly complex. IAM solutions provide centralized access control, enabling organizations to ensure security while maintaining operational efficiency. Additionally, the rise of Software-as-a-Service (SaaS) applications has necessitated identity federation and seamless authentication across various cloud platforms. The growing reliance on digital services, e-commerce, and mobile applications has also contributed to the IAM market's growth as businesses seek to secure customer and employee identities.

Restraint Factor for the Identity and Access Management IAM Market

High Implementation Costs and Complexity Will Limit Market Growth

The adoption of Identity and Access Management (IAM) solutions often requires a significant financial investment, making it a major restraining factor. Organizations must allocate substantial budgets for licensing, hardware, and integration services, which can be a challenge, especially for small and medium-sized enterprises (SMEs). Additionally, implementing IAM involves integrating it with existing IT infrastructure, which can be complex and time-consuming. Many companies struggle with compa...

Persona led the global identity and access management (IAM) software industry in 2025 with a market share of ***** percent, followed by OpenID Connect and Microsoft. The source indicates that IAM technology or platform allows for appropriate access assignment to resources across a wide array of technology environments. Please see "Details" for more information on the research methodology.

The global identity and access management (IAM) market size reached around USD 16.19 Billion in 2024. The market is projected to grow at a CAGR of 13.20% between 2025 and 2034 to reach nearly USD 55.94 Billion by 2034.

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Customer Identity And Access Management (IAM) Market Size 2024-2028

The customer identity and access management (IAM) market size is forecast to increase by USD 19.37 billion at a CAGR of 21.48% between 2023 and 2028.

The market is experiencing significant growth due to several key trends and challenges. With the increasing adoption of Internet of Things (IoT) technologies, there is a growth in the number of smart home appliances and connected devices, leading to a growing need for IAM systems to ensure cybersecurity. The complexities of IT infrastructure, particularly in large organizations, necessitate the implementation of advanced IAM systems to manage user identities and access permissions. Additionally, the Bring Your Own Device (BYOD) trend has become prevalent in various industries, increasing the need for IAM systems to secure mobile devices and applications. Artificial intelligence (AI) and machine learning technologies are also being integrated into IAM systems to enhance security and streamline processes. Overall, the market is driven by the increasing need for enhanced security and the complexity of digital environments.

What will be the Size of the Customer Identity And Access Management (IAM) Market During the Forecast Period?

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The Customer Identity and Access Management (CIAM) market is a critical segment of the cybersecurity landscape, addressing the growing concern for secure and efficient management of digital identities in an increasingly interconnected world. With the growth in cyberattacks, identity theft, and data breaches, there is a heightened demand for advanced IAM solutions that can mitigate risks and ensure privacy. Mobile security is a significant trend in CIAM, as the proliferation of mobile devices necessitates secure access to applications and services from anywhere, at any time. Skilled cybersecurity professionals are in high demand to implement and manage IAM systems, which can be deployed in various environments, including cloud, hybrid, and on-premise. Logistics and supply chain industries are also leveraging IAM systems to secure their digital operations and protect sensitive data.
Industries such as healthcare, utilities, manufacturing, and financial institutions are major adopters of CIAM solutions due to the sensitive nature of their data. Business expansions and digital transformations are driving the market's growth, with companies seeking to provide seamless and secure access to their customers while maintaining regulatory compliance. Decentralized identity and fraud prevention are emerging trends in CIAM, offering more control to users and reducing the risk of unauthorized access. Microsoft's Identity platform is a notable player in this market, providing comprehensive identity solutions for businesses of all sizes. Overall, the CIAM market is expected to continue its growth, as organizations prioritize security and privacy in their IT infrastructure.

How is this Customer Identity And Access Management (IAM) Industry segmented and which is the largest segment?

The customer identity and access management (IAM) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premises
  Cloud-based


End-user

  Large enterprises
  Government organizations
  SMEs


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period.

Customer Identity and Access Management (IAM) is a critical business technology for securing digital identities and managing access to systems and applications. IAM systems encompass capabilities such as single sign-on (SSO), social login, and directory services for provisioning and managing user identities. The market for IAM is driven by various factors, including cybersecurity concerns, identity theft, and cyberattacks. Healthcare, mobile security, and cloud technologies are major industries adopting IAM solutions to mitigate fraudulent activities and ensure regulatory compliance. The BFSI sector in APAC is a significant contributor to the market, utilizing both on-premises and cloud-based IAM deployment models. On-premises IAM offers greater customization and data security but requires significant capital investment and in-house hardware.

In contrast, cloud-based IAM is more cost-effective and offers ease of deployment, scalability, and automation. The Internet of Things (IoT), Artificial Intelligence (AI), and the increasing use of business technologies in industries such as manufacturing, logistics, energy, education, transportation,

The identity & access management market is projected to grow from USD 17.25 billion in 2023 to USD 49.21 billion by 2032 at a CAGR of 12.4%.

The market value of India's identity and access management products in 2019 amounted to nearly six billion Indian rupees. This was estimated to cross 12 billion rupees by 2025. This marked a CAGR of over 12 percent between 2020 and 2025.

The identity and access management market size is projected to grow from $19.5 billion in 2024 to $75 billion by 2035, representing a CAGR of 13% during the forecast period 2024-2035

The global sales of Cloud IAM are estimated to be worth USD 6,880.7 million in 2024 and anticipated to reach a value of USD 46,035.6 million by 2034. Sales are projected to rise at a CAGR of 20.9% over the forecast period between 2024 and 2034. The revenue generated by Cloud IAM in 2023 was USD 5,689.7 million. The market is anticipated to exhibit a Y-o-Y growth of 18.6% in 2024.

Semi-annual Market Update for Cloud IAM Market

Analysis of Top Countries Adopting Cloud IAM Solutions

Cloud IAM Industry Analysis by Top Investment Segments

The global cloud identity and access management market size was valued at more than USD 4.38 billion in 2024 and is expected to register a CAGR of over 21.3%, exceeding USD 53.91 billion revenue by 2037. Cloud segment is estimated to secure majority share by 2037, attributed to increasing adoption of cloud computing by enterprises and the growing volume of data stored in the cloud globally.

Global Identity & Access Management (IAM) Market will grow at a CAGR of 12.4% during the forecast period, with an estimated size and share crossing USD 49.21 billion by 2032.

Consumer Identity and Access Management Market is Segmented by Component (Solutions, Services), Deployment Mode (Cloud-Based, On-Premise), End-User Industry (BFSI, Healthcare, IT and Telecom, Government, Energy and Utilities, Transportation, Aerospace and Defense, Education), Authentication Type (Multifactor (MFA), and More), Organisation Size (Large Enterprises, Small- and Medium-Sized Enterprises (SMEs)), and Geography.

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Physical Iam Market Size 2024-2028

The physical iam market size is forecast to increase by USD 1.31 billion, at a CAGR of 16.5% between 2023 and 2028.

The Physical Identity and Access Management (IAM) market is experiencing significant momentum, driven by the proliferation of IoT networks. The integration of IoT devices into various industries is expanding the scope of physical access control systems, necessitating robust IAM solutions. However, this growth is not without challenges. One of the primary concerns is the need for Multi-Factor Authentication (MFA) in physical IAM. With the increasing sophistication of cyber threats, traditional access methods are no longer sufficient. MFA adds an extra layer of security, ensuring only authorized individuals gain access to physical spaces. Another challenge facing the market is poor handling of data. The collection, storage, and management of data from various access points can be complex and error-prone. Ensuring data privacy and security is crucial, especially with the potential for sensitive information to be compromised. Companies must invest in advanced data management solutions and adhere to stringent data protection regulations to mitigate risks and maintain trust with their customers.

What will be the Size of the Physical Iam Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleIn the ever-evolving world of physical IAM, dynamic market activities continue to unfold, integrating various technologies and practices to optimize supply chain operations. Barcode scanners streamline inventory management and order fulfillment, while delivery optimization leverages real-time tracking and route planning to enhance customer service. Regulatory standards and global supply chains necessitate compliance management and deep learning to ensure adherence, reducing costs and enhancing supply chain resilience. Predictive analytics and logistics optimization utilize business intelligence to anticipate demand and optimize transportation management. Quality control and asset tracking employ sensor networks and data integration to maintain efficiency improvements and environmental sustainability. Compliance auditing and risk management incorporate security systems and access control to mitigate potential disruptions and ensure industry best practices. Continuous improvement through machine learning and artificial intelligence (AI) drives process optimization and inventory management. Lean manufacturing and six sigma methodologies further enhance production planning and reduce transportation costs. Supply chain visibility and data visualization enable effective decision-making and disaster recovery strategies. Trade agreements, fleet management, and customs regulations necessitate data analytics and reporting and analytics for effective implementation and adherence. Sustainability reporting and carbon footprint reduction strategies incorporate energy efficiency and data security to meet evolving market demands. Ultimately, the market remains a dynamic and interconnected landscape, requiring ongoing adaptation and innovation.

How is this Physical Iam Industry segmented?

The physical iam industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSolutionsServicesEnd-userCommercialGovernmentDefenseGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanRest of World (ROW).

By Component Insights

The solutions segment is estimated to witness significant growth during the forecast period.In today's business landscape, ensuring the security and efficiency of physical operations is paramount. Physical Identity and Access Management (IAM) solutions play a crucial role in safeguarding assets, optimizing supply chains, and maintaining regulatory compliance. Advanced technologies such as barcode scanners, delivery optimization, and deep learning are transforming IAM, enabling real-time tracking, predictive analytics, and inventory optimization. Regulatory standards and global supply chains necessitate stringent quality control and compliance management. Asset tracking and location tracking facilitate supply chain resilience, while continuous improvement through lean manufacturing and six sigma methodologies optimize production planning and inventory management. Environmental sustainability is a growing concern, with businesses focusing on carbon footprint reduction, energy efficiency, and sustainability reporting. Real-time tracking, data integration, and data analytics support these efforts, while fleet management and transportation management systems help minimize transportation costs. Security syste

The United States Consumer Identity and Access Management (IAM) Market is Segmented Cloud and On-Premise. The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Consumer Identity and Access Management (IAM) Market size was valued at USD 15.9 Billion in 2023 and is projected to reach USD 8.9 Billion by 2030, growing at a CAGR of 8.5% during the forecast period 2024-2030.

Global Consumer Identity and Access Management (IAM) Market Drivers

The market drivers for the Consumer Identity and Access Management (IAM) Market can be influenced by various factors. These may include:

Growing Apprehensions Regarding Data Security and Privacy: Robust Identity and Access Management (IAM) solutions are in high demand to safeguard sensitive user data due to growing consumer and company concerns about data privacy and security.

Growing Numbers of Cybersecurity Attacks: The increasing prevalence and complexity of cyber risks, including as identity theft and unauthorised access, highlight the necessity of implementing efficient Identity and Access Management (IAM) systems to protect customer data.

Strict Standards for Regulatory Compliance: The market for consumer IAM solutions is being driven by regulatory frameworks and data protection legislation, such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), which require organisations to install robust identity and access management (IAM) safeguards.

Growth of Internet-Based Services and Applications: IAM solutions are more in demand as e-commerce, digital applications, and online services expand because they simplify access, manage user identities, and improve user experience overall.

Cloud computing and mobile technology adoption: Flexible identity and access management (IAM) solutions that enable secure access across a variety of platforms and devices are becoming increasingly necessary due to the growing adoption of cloud services and mobile technology.

A move in favour of Bring Your Own Device (BYOD) guidelines: IAM solutions that guarantee secure and controlled access to corporate resources are necessary in light of the growing trend of remote work and the implementation of BYOD rules in workplaces.

Pay attention to personalisation and the customer experience: Businesses place a high priority on providing customers with smooth, customised experiences. IAM solutions are essential for providing secure access and letting users customise and personalise their experience.

The Internet of Things' (IoT) emergence: Consumer IAM solutions are growing as a result of the proliferation of Internet of Things devices and the requirement to manage identities and access rights for these linked devices.

Initiatives for Digital Transformation: The market for consumer IAM technology is driven by organisations that are undertaking digital transformation efforts and are looking for IAM solutions to safeguard and modernise their digital infrastructure.

Need for Convenient Access and Single Sign-On (SSO): One of the main drivers of the adoption of SSO solutions, which are an essential part of consumer IAM, is the growing desire for streamlined user experiences and easy access to numerous applications.

According to recent data, the worldwide identity and access management (IAM) market generated approximately ***** billion U.S. dollars in revenue during 2023, a significant increase when compared to the previous year. This market is then forecast to grow by over *** billion U.S. dollars in 2024, reaching around **** billion U.S. dollars. What is IAM? This market refers to a set of technologies and policies within the realm of cyber threat intelligence, implemented within an organization to ensure authorized users have appropriate access to resources while reducing some of the common cyber security threats. These resources may include company data on the cloud or on-premises - providing access to various users, including employees, partners, customers, and via a variety of hardware such as routers, smartphones, and computers. Why are businesses looking at IAM? Implementing an IAM system aims to improve security measures and maintain confidentiality within a company. Business leaders and IT departments face increasing pressure to protect access to corporate resources at a time with high levels of cybercrime, making it necessary to automate tasks and enable granular access control and auditing of all assets. IAM replaces manual processes that are prone to errors in assigning and tracking user privileges, both on-premises and in the cloud, using robotic process automation or artificial intelligence. This is evident from reports that security automation reduces the costs of a data breach in an organization.