One of the primary factors driving market expansion is the cost-effectiveness of cloud-based IAM services. Enterprises are rapidly embracing cloud-based apps, which is increasing cloud traffic. For example, according to Coherent Market Insights, global cloud IP traffic will exceed 14 ZB by the end of 2020, up from 4 ZB in 2015. Furthermore, the implementation of cloud-based IAM will benefit organisations by lowering infrastructure costs and reducing the complexity of administering access controls and compliance for users.
The Identity And Access Management Market is expected to develop at a 14.5% CAGR from USD 13.41 billion in 2021 to USD 34.52 billion in 2028.
Leading Companies in the Identity and Access Management Industry:
1. Amazon Web Services: Established in 1994. With $386 billion in net sales and an estimated $578 billion in physical/digital online gross merchandise volume in 2021, Amazon is a significant online retailer and one of the highest-grossing e-commerce aggregators. The retail sector accounts for roughly 80% of overall revenue, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments account for 25%-30% of Amazon's non-AWS sales, with Germany, the United Kingdom, and Japan leading the way. DataRow (Feb 2020), TSO Logic (Jan 2019), and CloudEndure (Jan 2019) are the most recent acquisitions.
2. CA Technologies: It was founded in 1976. Headquarters are in the United States. Provider of software development services aimed at assisting businesses in competing and succeeding. The company creates enterprise information technology software as well as tools for agile planning, application security testing, network monitoring, and mainframe security management, removing the obstacles that exist between ideas and business outcomes. Source Clear (April 2018), Runscope (September 2017), and Automic (December 2016) are the most recent acquisitions.
3.Centrify Corporation: Established in 2006. Headquarters are in the United States.Operator of a monitoring and security platform designed to bridge the IT-security divide. The platform visualises risks and measures the business impact of downtime, performance degradation, and security attacks, and it includes features that make complex data easy to interpret and manage, allowing clients to automate IT operations processes like event correlation, anomaly detection, and causality determination. Thycotic and Centrify Join Forces to Form a Leading Cloud Privileged Identity Security Vendor
4. Dell Emc: It was founded in 1979. Hopkinton, Massachusetts, is the company's headquarters. Provider of IT infrastructure services aimed at transforming workplaces in order to meet digital business objectives. Through big data, cloud-based solutions, and technology consulting services, the company provides information infrastructure management, data storage solutions, servers, networking solutions, data protection systems, and enterprise security solutions, allowing clients to efficiently store, protect, and manage data while also accelerating workload performance.
5. ForgeRock Inc: Established in 2010. Headquarters are in San Francisco, California, USA. ForgeRock Inc is a cloud identification firm of the future. Identity Management, Access Management, Identity Governance, and AI-powered Autonomous Identity are among its solutions. Its revenue comprises subscription revenue, which it refers to as recurring revenue from term licences, SaaS, and maintenance and support. Its revenue comes from the Americas, EMEA, and APAC. Thoma Bravo will pay $2.3 billion for ForgeRock.
6. Hewlett Packard: It was founded in 1939. Headquarters are in the United States. Hewlett-Packard is a multinational information technology firm that manufactures personal computers and other access devices. It specialises in the production of printing equipment, scanning devices, business personal computers, thin client PCs, workstations, calculators, tablets, modems, and other associated accessories. The company was established in 1939 and is based in Palo Alto, California. It has a scaled expansion acquisition strategy to further strengthen its position in the rapidly developing IT hardware market by acquiring companies with consistent, competitive, and profitable long-term growth. OpsRamp (Mar 2023), Axis Security (Mar 2023), and Athonet (Feb 2023) are the most recent acquisitions.
7. HID Global Corporation: Established in 1991. Headquarters in the United States Developer and provider of security identity software and technology for accessing physical and digital locations securely. Authentication and credential management appliances, biometric authentication solutions, card printers, smart card-based credentials such as cards, tags, and keyfobs, and controllers are among the company's products, which assist governments, universities, hospitals, and financial institutions in creating trusted physical and digital environments. Guard RFID (Feb 2023), Janam Technologies (Dec 2022), and ACURA (Jun 2022) are the most recent acquisitions.
*Definition: Identity and access management (IAM) is a framework of business processes, policies and technologies that facilitates the management of electronic or digital identities.
