Latest News- Identity And Access Management Market: Large enterprises is expected to lead the End-user segment during 2025-2029

The Identity And Access Management Market is being driven by Increase in data thefts globally

The Identity And Access Management Market is expected to grow at a CAGR of 18.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 36712.5 million. In today's business landscape, the use of mobile devices such as smartphones and tablets has become essential for remote work. Employees are increasingly relying on these devices to access organizational data and resources, enabling them to work from anywhere. Small and medium-sized enterprises (SMEs) have embraced the Bring Your Own Device (BYOD) concept, allowing employees to use their personal devices for professional tasks. This shift towards mobile devices has significantly improved productivity and efficiency within organizations. The popularity of BYOD policies continues to grow, making personal laptops, smartphones, and tablets primary tools for business operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • Government organizations
  • SMEs
• Deployment
  • On-premises
  • Cloud-based
• Component
  • Solutions
  • Services
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in data thefts globally
• Rapid growth of IoT networks
• Increasing need to comply with regulatory requirements related to IAM

However, the market also witnesses some limitations, which are as follows:

• Threat from open-source IAM solutions
• Networking and connectivity issues with cloud-based IAM
• Increasing concerns over SLAs

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Market Scope in Identity And Access Management Market Research Report

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Research Analysis Overview

The Identity and Access Management (IAM) market encompasses solutions that enable secure access control through systems like access control, authentication, and authorization servers. Identity providers (IdPs) and service providers (Sps) interact via identity stores, while token-based authentication methods, such as OpenID Connect, facilitate secure communication. Solutions include Active Directory for on-premises IAM, cloud IAM, API security, intrusion detection, security analytics, user behavior analytics, privileged user monitoring, session management, device management, endpoint security, data governance, compliance regulations, privacy regulations, audit trails, log management, identity analytics, consent management, and user experience.

Market Research Overview

In the expansive realm of the global IT software industry, the Identity and Access Management (IAM) market occupies a significant niche. This sector encompasses companies specializing in access control policies, authentication protocols, and authorization mechanisms. The IAM market falls under the system software market umbrella, which comprises organizations engaged in the development and production of various software categories, such as application development and management software, cloud computing software, data centers, hosting software, IT management software, mobility software, networking software, security software, and storage software. The system software market size is determined by the consolidated revenue generated by these organizations, including those providing cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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