Cloud Identity and Access Management Market Trends

Growth Drivers

Growing Use of Software as a Service (SaaS) - This is driving the market for cloud identity and access management. IAM is a cloud service that controls the permissions and access for users and cloud resources such as SaaS and other cloud models in use. It was found that, in 2021, more than 90% of organizations of the world used one or more SaaS solutions.
Increasing Number of Security Attacks - With rapid industrialization and urbanization, fraudulent activities and cyberattacks have also increased which is considered a threat to confidential data. To protect important data and ensure data privacy, organizations are adopting cloud identity and access management to mitigate data breaches. This trend is projected to create a positive outlook for the revenue generation of the market. It was observed that there were 5 million distributed denial-of-service (DDoS) attacks in the first of 2021 across the globe.
Increasing Amount of Data - The emergence of a large amount of data generated every day, is generating the need for new terms of the variety of data that can be stored and managed in the core network that is secured tightly. This aspect is expected to drive the market for cloud identity and access management in the forecasted period. According to estimates, around 2.5 quintillion bytes of data were produced every day in 2021 worldwide.
Rising Penetration of the Internet - It was found that 63% of the global population used the internet by the first quarter of 2022.
Growing Size Information Technology (IT) Industry - It was found that, in the year 2020, the global IT industry accounted for more than USD 5 trillion.

Challenges

Possibility of User Password Fatigue - which is the feeling expressed by users required owing to the challenge of remembering an excessive number of passwords. A password manager is a part of a comprehensive IAM approach that is layered with other IAM and security software.
Increasing Complexity with the Increasing Number of Applications Being Accessed
Concern about Siloed User Directories for Each Application

Cloud Identity And Access Management Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	21.1%
Base Year Market Size (2024)	USD 4.38 billion
Forecast Year Market Size (2037)	USD 54.24 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cloud identity and access management is assessed at USD 5.13 billion.

The 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. Rising penetration of the internet as well as increasing use of the cloud services along with rising identity scams will propel the market growth.

North America is poised to account for largest industry share by 2037, backed by growing dependence on online systems and data management, as well as increasing cloud-based data storage, coupled with massive penetration ofÂ distributed cloudÂ in the region, along with rising use of the cloud by the federal governments.

The major players in the market include Quest Software Inc. (OneLogin, Inc.), Delinea Inc., Ping Identity Corporation, Broadcom Inc. (CA Technologies), Sailpoint Technologies Holdings, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Secureworks, Inc.

Cloud Identity and Access Management Market Trends