Market Size & Trends
The global customer identity and access management market size was estimated at USD 8.12 billion in 2023 and is projected to grow at a CAGR of 17.4% from 2024 to 2030. This surge in demand can be attributed to the rising awareness of data protection laws, the growing digitalization of businesses, and the necessity for enhanced user experiences.
Market Concentration & Characteristics
The market growth stage is exponential, and the pace of the market growth is accelerating. This rapid development phase is marked by an increase in merger and acquisition (M&A) activities, indicating not only the sector’s vitality but also a growing interest from key players and investors. This interest is driven by the desire to leverage the opportunities presented by the evolving digital landscape, aiming to deliver more innovative and secure solutions to end-users.
Key Customer Identity And Access Management Companies:
- IBM Corporation
- Microsoft Corporation
- Salesforce
- SAP
- Broadcom
- Okta
- Akamai Technologies
- Ping Identity
- ForgeRock
- LoginRadius
- HID Global
