The global identity and access management market size was valued at USD 18.33 Billion in 2025. The industry is expected to grow at a CAGR of 13.20% during the forecast period of 2026-2035 to reach a value of USD 63.33 Billion by 2035. The market growth is attributed to the rapid proliferation of machine identities, such as bots, API-enabled services, IoT devices, containers and automated workloads, that is reshaping how organizations approach identity security.
As companies increasingly deploy cloud-native architectures, microservices, and AI agents, machine identities are growing faster than human identities. In response, vendors in the identity and access management market are evolving their offerings to secure both human and nonhuman identities in a unified platform.
A significant example is CyberArk’s acquisition of Venafi in May 2024 for about USD 1.54 billion. By integrating Venafi’s machine identity and certificate management capabilities with CyberArk’s secrets and identity security suite, the combined entity expanded its total addressable market by roughly USD 10 billion, bringing TAM to about USD 60 billion. This deal underscores how IAM is no longer just about human credentials, as it now extends to machine-to-machine trust, certificate lifecycle management, and automated identity governance at scale. With enterprises adopting hybrid and cloud-first architectures, demand for comprehensive identity platforms covering both human and machine identities is set to accelerate, thereby expanding the identity and access management market opportunities for IAM providers.
Base Year
Historical Period
Forecast Period
The most widely used multifactor authenticators were SMS time-based one-time passwords (TOTPs), which are employed by approximately 56% of organisations worldwide.
In 2022, the identity and access management (IAM) market brought in USD 16 billion in revenue worldwide. By 2029, it is anticipated that IAM's market value will reach USD 43.1 billion.
60% of USA IT and cybersecurity leaders stated that biometrics, such as voice verification, iris, fingerprint, and facial recognition, have supplanted passwords as of 2023.
Identity and access management software was used by 65% of large businesses in 2023 as an additional security measure.
There was a 20% increase in biometric authentication in 2023.
Compound Annual Growth Rate
13.2%
Value in USD Billion
2026-2035
*this image is indicative*
Organizations are shifting away from traditional perimeter-based security towards a model that treats every user and device as untrusted, which has positioned continuous identity verification and least-privilege access as the defining pillars of Zero Trust architectures. This shift is well-reflected in the consolidation trend among leading vendors. In August 2023, Thoma Bravo bought ForgeRock and merged it into Ping Identity, indicating high enterprise demand for unified IAM platforms that support Zero Trust as the main security strategy. The consolidation initiative provides a platform for enterprises not only to survive in the challenging environment but also to have the wide range of functionalities necessary to carry out large-scale implementations of Zero Trust-based IAM, thus boosting the identity and access management market expansion.
As companies want to have a more secure system that users can also use with less effort, password less authentication and modern identity flows are becoming increasingly popular. Auth0 in September 2023 launched several new features including universal login improvements, PKCE support, and OAuth flows enhancement that allows developers to provide more secure and seamless authentication in SaaS and web apps. Such product improvements lead the way for modern authentication-supported identity platforms and push the need for upgrading legacy IAM systems as well as implementing more advanced solutions, thereby boosting the development of the identity and access management market.
Along with cloud, microservices, IoT, and automation, a rapid increase of non-human identities, such as workloads, containers, bots, and APIs, is observed. To cater to this demand, leading firms are making efforts to introduce solutions. For instance, CyberArk acquired Venafi in May 2024, enabling the integration of secrets management with certificate, SSH, and machine identity management to unify security for both human and machine identities. As a result, this move not only broadens the scope of the identity and access management market beyond just human access but also substantially increases the addressable market, paving the way for ongoing growth.
Most of the traditional IAM professionals are currently being turned into parts of bigger security platforms as identity is becoming the key to protecting hybrid, cloud, and AI-driven infrastructures. For example, through its 2024 acquisition of Venafi, CyberArk broadened its portfolio to deliver a full-spectrum identity security solution. Meanwhile, in mid-2025, Palo Alto Networks announced its plan to acquire CyberArk to enhance its existing security platform by integrating advanced identity security capabilities. This alteration essentially demonstrates that identity security is now being viewed as one of the fundamental components of a broader cybersecurity architecture which, in turn, is a major factor contributing to the rising investments in the identity and access management market.
IAM vendors and investors are consolidating to build broader, more integrated identity platforms. The August 2023 merger of ForgeRock into Ping Identity by Thoma Bravo combined two of the largest IAM firms, creating a stronger full stack identity offering. This consolidation move reflects the buyers' preference for a combined suite of identity solutions (workforce IAM, consumer IAM, governance, authentication) instead of separate tools, which leads to higher average deal sizes and thus contributes to the growth of the IAM market.
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The EMR’s report titled “Global Identity and Access Management Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Key Insights: The Identity and Access Management (IAM) market consists of solutions for audit, compliance, and governance, directory services, multifactor authentication (MFA), provisioning, password management, and single sign-on (SSO). A few of such companies as Microsoft, AWS, Oracle, and IBM, are improving audit and governance through automated monitoring, enhancing directory services, improving MFA by using adaptive authentication, making provisioning more efficient, updating password management including password-less solutions, and making SSO more efficient for easy access. Microsoft's 2025 leadership recognition exemplifies innovation across all these segments.
Market Breakup by Deployment Mode
Key Insights: Cloud deployment mode gains traction in the identity and access management market as vendors like Microsoft, AWS, and Oracle provide scalable, subscription-based platforms to facilitate remote work and SaaS integration. On-premises solutions are still essential for regulated industries that require complete control over data and compliance. Hybrid deployments provide the best of both categories, making it possible to manage legacy and cloud systems effortlessly. Citing an instance, Okta's 2024 introduction of its Adaptive Identity Cloud is a clear indication of innovation in hybrid IAM solutions, thus resulting in enterprise adoption.
Market Breakup by End Use
Key Insights: The identity and access management industry serves the BFSI, energy, oil and gas, IT and telecom, healthcare, public sector, manufacturing, and other industries. Companies like Microsoft, IBM, Oracle, and ForgeRock are enhancing BFSI by facilitating secure, compliant transactions and providing energy companies with access control to essential energy sources. The companies are supporting IT and telecom sectors in cloud and network security and are helping secure patient data in the healthcare sector. Many firms are also focused on providing public sector agencies with the ability to manage citizen services in a secure way and to simplify manufacturing identity and IoT access in the manufacturing sector.
Market Breakup by Region
Key Insights: The global identity and access management market comprises regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Leading the charge to adoption are firms such as Microsoft, IBM, Oracle, and Okta through cloud-based IAM solutions, support for compliance with regulations, and initiatives for digital transformation. North America is at the forefront due to early adoption and advanced security integration. Meanwhile, Europe is centered on GDPR compliance, Asia Pacific expands through the growth of IT infrastructure. For instance, in 2024, Okta collaborated with AWS in to broaden IAM services in APAC enterprises. Latin America emphasis regulatory adherence, while Middle East & Africa directs its investments towards government digitization.
By type, Multifactor Authentication (MFA) witness high preference
As companies continue to be targeted by advanced cyber-attacks, the safeguarding of user access has become the first thing to be dealt with. The use of multifactor authentication (MFA) is one of the few ways to give some protection to a user beyond a password. In this way, the attacker can hardly get hold of the account, and unauthorized access can still be avoided. RSA in December 2024 awarded the AUTH 4.5 app a FIDO2 certificate for being password-less and phishing resistant, which aides' enterprises in implementing MFA without the need of a hardware token or the SMS-based code. As a result of this breakthrough, security is heightened with the added benefit of a better user experience, which therefore is leading to the wider adoption of MFA solutions in various industries.
To simplify access and ensure compliance, enterprises with hybrid and multi-cloud infrastructures need centralized identity management. Directory services are the core of user provisioning, role management, and authentication across the board of the applications. In October 2023, ManageEngine unveiled Identity360, which is a cloud-native platform that integrates directory services, automates provisioning, and incorporates identity governance. The product, through the simplification of identity-related tasks and lifecycle management, enables the client to securely scale their corporate network while still being efficient in operations.
By deployment mode, cloud IAM registers significant growth
Ongoing efforts by enterprises to move their workloads to cloud and multi-cloud environments have increased the need for scalable and flexible solutions in the identity and access management market. The implementation of Cloud IAM platforms goes a long way in simplifying access management, cutting down on the infrastructure costs and speeding up the organization's general operational efficiency. In October 2023, ManageEngine launched its cloud-native platform Identity360, designed to offer directory services, provisioning, access lifecycle management, and identity governance through cloud services. Such a breakthrough lets organizations take advantage of cloud scalability and agility in their centrally managed identity operations, thus speeding up cloud IAM adoption.
Conversely, enterprises operating legacy on-premises systems alongside modern cloud applications now face the challenge of unifying identity management across both environments. This has resulted in the growing demand for the hybrid category in the identity and access management market, as it combines the two domains and distinct environments, offering the same access policy while simplifying users’ tasks. In May 2024, the company Strata Identity introduced Maverics to the market, an orchestration solution that was recognized as the Best IAM/SSO Solution at the 2024 Cloud Security Awards. These platforms enable seamless single sign-on and centralized identity governance, which in turn supports a much larger pool of hybrid IAM users.
By end use, BFSI sector contributes substantially to the market growth
The identity and access management market growth greatly benefits from the BFSI sector owing to the rising cases of identity fraud as well as regulatory scrutiny, which has surged the use of robust identity verification methods and secure access control. This was exemplified in August 2025 when Incode Technologies acquired AuthenticID as a strategic move in building a comprehensive AI-powered identity verification suite. This enabled the suite to support biometric ID verification as well as document authentication and fraud detection for customers. The consolidation of these technologies makes systematic and effective KYC & e-KYC processes achievable, thus facilitating workforce identity and the entire BFSI ecosystem in terms of security, compliance, and risk reduction.
On the other hand, enterprises in the IT and telecom sectors contribute substantially to the identity and access management market revenue as they operate under dynamic, cloud native conditions. They constantly require flexible identity solutions that may scale horizontally across users, services, and workloads. Okta, Inc., in March 2025, stated it has crossed the USD 1 billion mark in cumulative sales through its collaboration with the Amazon Web Services Marketplace, depicting the extensive implementation of its cloud-native identity platform by tech and cloud-native firms. This expansion is indicative of how players in the IT and telecom sectors are shifting their stance towards unified IAM platforms.
By region, Asia Pacific leads the market growth
Asia Pacific is undergoing a massive digital overhaul in the BFSI, telecom, healthcare, and government sectors that has led to a rising demand for secure and scalable identity solutions. Companies are looking for cloud-based IAM that facilitate remote work, hybrid IT, and regulatory compliance. Vendors are partnering with local players to be able to supply this market. For instance, in April 2024, Okta, Inc. collaborated with Savex Technologies in distributing Okta's cloud-based identity solutions in India, thereby enabling workforce and customer identity services across markets.
The Middle East and Africa region, on the other hand, is slowly emerging as a lucrative destination in the identity and access management market as digitization of operations by governments and enterprises and the consequent investment in cybersecurity become the norm. Moreover, the growing necessity to secure hybrid IT, cloud apps, and workforce identities while at the same time complying with the regional regulations, fuel the adoption of IAMs. For instance, in October 2025, StarLink, an Infinigate Group company partnered with Okta to distribute its complete IAM product line throughout the MEA markets. As a result, SSO, MFA, lifecycle management, and zero-trust identity solutions become accessible to the enterprises in the region. Such initiatives help to consolidate the presence of global vendors and support local enterprises to efficiently deploy advanced IAM frameworks.
Leading identity and access management market players are striving to improve security, scalability, and user experience both in the cloud and on-premises environments. Their investments include multi-factor authentication, single sign-in, and password less technologies that they complement with AI-driven risk analytics. These approaches aim at providing enterprises with adaptive and effortless identity solutions that enable them to securely access different platforms and applications while meeting their varied requirements.
Vendors are emphasising platform integration and identity governance. The identity and access management companies are working on the creation of integrated solutions that embrace workforce IAM, customer IAM, privileged access management, and directory services. By investing in automation, provisioning, and compliance tools, organizations can not only simplify identity workflows but also reduce the risk of operational errors and enhance the security posture without sacrificing consistency and user-friendliness for all digital assets and enterprise systems, thereby supporting the global identity and access management market development.
AWS is the market leader in cloud computing and identity management solutions. The company, established in 2006 and situated in United States of America focuses on the delivery of scalable and secure IAM services that are compatible with its broad cloud platform to support enterprises all over the globe.
Microsoft Corporation, established in 1975 and located in Washington, United States of America is a leading provider of technology solutions such as cloud services and identity platforms. Its IAM products that are part of Microsoft Azure and Microsoft 365 are designed to offer global enterprises the following capabilities: adaptive authentication, single sign-in, and identity governance.
IBM Corporation, a multinational technology company, was established in 1911 and is currently headquartered at United States of America. The company is a reknowed name in the identity and access management market and offers enterprise software, cloud, and security solutions. The IBM IAM portfolio aims at the three main areas of identity governance, access management, and secure authentication in complex enterprise IT environments.
Oracle Corporation, established in 1977 and located in United States, is a significant dealer of database, cloud, and security solutions for enterprises. Its IAM offerings are structured to ensure that the identities of the workforce and customers are managed in the most efficient manner while at the same time guaranteeing compliance, governance, and effortless access for on-premises and cloud applications.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the market include Broadcom Inc., ForgeRock, Inc., Thales Group, Fischer International Identity, LLC, Fortra, LLC, Avatier Corporation, Okta, Inc., Assa Abloy, Quest Software Inc., and other prominent vendors.
Explore the latest trends shaping the Global Identity and Access Management Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on global identity and access management market trends 2026.
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In 2025, the global identity and access management market reached an approximate value of USD 18.33 Billion.
The market is projected to grow at a CAGR of 13.20% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 63.33 Billion by 2035.
Key strategies driving the market include cloud migration, adoption of password less and multi-factor authentication solutions, strategic partnerships and acquisitions, investment in AI-driven identity management, and expansion into emerging regions.
Key trends aiding market expansion include the rising expenditure on advanced computing technologies to enhance security and prevent losses, rising deployment of cloud based IAM solutions, high integration of biometrics, and government regulations regarding data security.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of identity and access management (IAM) are audit, compliance, and governance, directory service, multifactor authentication, provisioning, password management, and single sign-on.
The different technologies considered in the market report include cloud, hybrid, and on-premise.
The significant end uses of identity and access management (IAM) include BFSI, energy, oil and gas, IT and telecom, healthcare, public sector, and manufacturing, among others.
The key players in the market include Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Broadcom Inc., ForgeRock, Inc., Thales Group, Fischer International Identity, LLC, Fortra, LLC, Avatier Corporation, Okta, Inc., Assa Abloy, Quest Software Inc., and other prominent vendors.
Major challenges that the market faces includes increasing cyber threats, complex integration with legacy systems, regulatory compliance across regions, high implementation costs, and lack of skilled IAM professionals.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Deployment Mode |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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