Artificial Intelligence
Identity and Access Management Market to Reach Valuation of USD 53.1 Bn at CAGR of 13.7% by 2032 | Market.us
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New York, April 17, 2023 (GLOBE NEWSWIRE) — The Global Identity and Access Management Market size accounted for USD 14.7 billion in 2022. It is expected to reach USD 53.1 billion in the forecast year of 2023-2032 with a CAGR of 13.7%. Due to the increasing number of data, systems, and applications, many businesses are identifying that security measures like providing passwords and usernames to verify the identity of authorized personnel are not sufficient. Due to this identity and access management tools are used by businesses to avoid data breaches and secure the access of users.
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Key Takeaway:
- By Component, the provisioning segment leads the market in 2022.
- By Deployment, the on-premise segment dominated the market with a 58% share in 2022.
- By the End-Use industry, the healthcare sector is anticipated to continue its domination throughout the forecast period of 2023 to 2032.
- In 2022, North America dominated the market with the highest revenue share of 34.6%.
- Asia Pacific is expected to register the fastest-growing CAGR during the forecast period of 2023 to 2032.
The demand for identity and access management solutions is rising in the market owing to security concerns and regulatory compliances. Additionally, the ongoing trend of cloud-based systems is a major factor in the growth of the identity and access management market. Also, the integration of innovative technologies like artificial intelligence, machine learning, and blockchain is expected to boost the identity and access management market over the forecast period.
Factors affecting the growth of the Identity and Access Management Market
There are several factors that can affect the growth of the identity and access management market. Some of these factors include:
- Rising cyber-attacks and identity frauds: Cyber-attacks, data breaches, and identity fraud cases have increased significantly in the last few years. This is boosting the IAM market by rising the demand for IAM solutions for the safety and security of the business.
- Cloud-based IAM solutions: Companies are moving towards cloud-based IAM, which offers remote access and high security with multiple verification and authentication process according to the policies of the organization. This is driving the growth of cloud-based IAM solutions in the IAM market.
- Integration of advanced technology: Using advanced technologies such as blockchain and biometrics for access is a trend in identity and access management. To provide access to authorized individuals, many companies are using biometrics for the verification of iris, fingerprints, and facial recognition.
- Increasing demand in the healthcare sector: Identity and access management helps the healthcare sector to secure health-related databases. This is due to the high risk of data breaches and security issues in the healthcare sector regarding the personal credentials of patients and associated users.
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Top Trends in Global Identity and Access Management Market
Cyber-attackers target and exploit specific network vulnerabilities to gain access to an organization’s network. Many attackers are evolving with advancing technology. The attacker applies strategies and techniques for penetrating in organization’s corporate network system and remains undetected. A lack of awareness of emerging cyber threats has led businesses to spend heavy money on security infrastructure.
Adopting advanced technologies such as blockchain provides a transparent and secure identity and access management platform to protect organizational and individual identities from attackers and fraudsters. By leveraging the verification and identity authorization benefits of blockchain-integrated identity and access management systems, many organizations and governments around the world are funding and investing in identity and access management solutions. In addition, blockchain-integrated identity and access management systems can reduce costs and operational risks by eliminating archived data and identities by intermediaries. Increasing adoption of blockchain-integrated identity and access management systems is expected to propel market growth.
Market Growth
In the last few years, cyber-attacks and identity fraud have increased significantly due to technologies like machine learning that allow attackers to generate multiple types of malicious code on a regular basis. Evolving cyber-attacks are negatively impacting a company’s reputation, assets, and bottom line. As a result, protection against cyber threats has become essential for business development. Enterprises have adopted IAM to prevent security breaches and cyber-attacks. This is boosting the growth of the global IAM market.
Regional Analysis
North America dominated the global identity and access management market by accounting for a large revenue share of 34.6%. North America’s domination in the identity and access management market is owing to the increase in security breaches and cyber-attacks in this region. These cyber-attacks have increased significantly in the past few years due to easier access to the Internet. Rising demand for data safety and cyber-security management is expected to boost his identity and access management growth in the North American region.
Following North America, Asia Pacific is anticipated to register the fastest-growing CAGR during the forecast period of 2023 to 2032. Key companies and organizations in this region are heavily investing in advanced and innovative technologies such as identity and access management solutions to avoid attacks on databases by hackers who steal sensitive data.
Competitive Landscape
The competitive landscape of the market has also been examined in this report. Some of the major players in the global identity access management market include Amazon Web Services Inc., Intel Corp., Microsoft, IBM, McAfee LLC, Broadcom, One Identity LLC., ForgeRock, HID Global Corp., Oracle, OneLogin, and other key players.
Recent Development of the Identity and Access Management Market
- In March 2022, Microsoft acquired Nuance to allow businesses and organizations to propel their business goals by integrating artificial intelligence and ambient intelligence in support through cloud offerings of Microsoft.
- In February 2022, Ping Identity announced PingOne DaVinci. It is a new no-code authorization service that permits businesses to adopt and authorize identity services from any service provider.
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Scope of the Report
| Report Attribute | Details |
| Market Value (2022) | USD 14.7 Billion |
| Market Size (2032) | USD 53.1 Billion |
| CAGR (from 2023 to 2032) | 13.7% |
| North America Revenue Share | 34.6% |
| Historic Period | 2016 to 2022 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
With organizations adopting digitization, the data uploaded on databases and servers has increased the risk of data breaches. Data like personal information is stored on many servers across the world increases the risk of identity theft. In the past few years, it has been reported that there has been an increase in cases of cyber-attacks and identity fraud. This is due to the integration of advanced techniques like machine learning and artificial intelligence that help attackers to generate new malicious code on a regular basis. To protect businesses and organizations from such attacks, many organizations are customizing their IAM solutions for business security. Which drives the market growth of the identity and access management market during the forecast period.
Market Restraints
Advancing technology is a challenging factor for the identity access and management industry. Cybercriminals and attackers are using advanced technologies like artificial intelligence and machine learning to enter into databases and hack the server’s organization. This poses a major threat to the identity and access management industry. Cybercriminals and attackers use these technologies to hack servers and steal data from them, which affects adversely the market. Also, high installation costs and initial investments are hindering the growth of the identity and access management market.
Market Opportunities
Using advanced technologies such as blockchain and biometrics for access is a trend in identity and access management. To provide access to authorized individuals, many companies use biometrics to verify iris, fingerprints, and facial recognition. This helps organizations to deny access to unauthorized persons. Biometrics is expected to create many opportunities in the identity and access management market during the forecast period.
Many companies permit third-party organizations to access their data, which can pose a threat like a data breach to the company. To avoid such threats, artificial intelligence and machine learning can be integrated into identity and access management to avoid such problematic situations. Technologies like these offer easy access to individuals with a high degree of security to the organizations. These technologies are therefore expected to create many opportunities in the identity and access management market.
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Report Segmentation of the Identity and Access Management Market
Component Insight
By component, identity and access management is classified into provisioning, directory service, single sign-on, audit compliance and governance, password management, multifactor authentication, and other components. From all the components, the provisioning segment is the market leader owing to accounting for a major revenue share in 2022. Identity and Access Management provides additional security by authorizing, validating, and identifying authorized individual access to the organization’s databases. This will drive the growth of the provisioning segment in the identity and access management market.
The multifactor authentication segment is anticipated to grow as the fastest-growing segment during the forecast period of 2023-2032. It provides security by offering the users multiple layers of security that provide give various authorized credentials and IDs for users to access the data. This added security enhances the overall security that many organizations are adapting to multifactor authentication. This is expected to drive the growth of this segment during the forecast period.
Deployment Insight
The on-premise segment dominated the market in 2022 by accounting for a major revenue share than cloud-based deployments. The growth of this segment is attributed to the simple functionality of solutions without access through wide area networks (WANs) and external network connections. However, the cloud-based deployment segment is expected to witness a significant CAGR during the forecast period. The growth of this segment is attributed to the increased adoption of cloud-based solutions by various companies due to low costs and economies of scale. More and more business, sales, and IT functions are moving to cloud-based deployments due to their advantages and benefits. Cloud-based deployments provide software and hardware-free IAM services with advantages such as lower cost and easier management. These factors are expected to boost the growth of the cloud-based deployment segment during the forecast period.
End-Use Industry Insight
The healthcare industry is leading the IAM market in 2022. The growth of the healthcare sector is owing to the wide applications of IAM in various roles across the healthcare industry. IAM is used by various healthcare clinics, doctors, hospitals, pharmaceutical companies, biotechnology companies, and other healthcare-related service companies. IAM helps the healthcare sector to secure healthcare-related databases from security threats. This is due to the high risk of data breaches and security issues in the healthcare sector regarding the personal credentials of patients and associated users.
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Market Segmentation
By Component
- Password Management
- Multifactor Authentication
- Audit, Compliance, and Governance
- Directory Service
- Provisioning
- Single Sign-On
- Other Components
By Deployment Mode
- Cloud-Based
- On-Premise
By End-Use Industry
- Education
- Healthcare
- Public Sector and Utilities
- BFSI
- Energy, Oil, and Gas
- Telecommunication and IT
- Manufacturing
- Other End-Use Industries
By Geography
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Market Key Players:
- Amazon Web Services Inc
- Microsoft
- Intel Corp
- IBM
- McAfee. LLC
- Broadcom
- One Identity LLC.
- ForgeRock
- HID Global Corp.
- Oracle
- OneLogin
- Other Key Players
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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”
Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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