Cloud Identity and Access Management Market Size

Cloud Identity And Access Management Market size was valued at USD 4.38 billion in 2024 and is likely to reach USD 54.24 billion by the end of 2037, expanding at around 21.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cloud identity and access management is assessed at USD 5.13 billion.

The growth of the market can primarily be attributed to the increasing number of identity fraud scams along with the growing concern for identity loss worldwide. For instance, approximately 40 million Americans were victims of identity fraud scams, which cost the population almost USD 50 million in 2021. Also, the increased security concerns in a cloud-based environment and penetration of blockchain technology in identity management are other factors anticipated to drive market growth.

The demand for cloud identity and access management is on the rise owing to the surge in cyberattacks and fraudulent activities, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global cloud identity and access management market during the forecast period. Cloud identity and access management leverage identity analytics and intelligence to track unusual activities from user accounts. It also has the advantage of identifying policy violations, deleting idle accounts, and removal of inappropriate access privileges. Thus, to eliminate the cases of cyberattacks while ensuring cyber security and data security, the demand for cloud identity and access management is expected to soar in organizations.