Identity And Access Management Software Statistics 2024


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In today’s digital age, identity and access management (IAM) software is not just a technological tool but a cornerstone of business security and operational efficiency. As we step into 2024, tracking the latest statistics and trends in this sector becomes crucial for understanding the business landscape. IAM software plays a pivotal role in safeguarding sensitive information, ensuring compliance with regulatory standards, and enabling seamless user experiences.

Key stakeholders such as IT leaders, cybersecurity professionals, and business executives will find the upcoming data invaluable. For IT leaders, these statistics provide insights into technological advancements and industry standards. Cybersecurity experts use this data to assess threats and reinforce security protocols, while business executives leverage these insights to align their strategies with market dynamics. The ripple effects of IAM innovations can influence every sector, driving the need for constant vigilance and adaptability.

Ultimately, the data on IAM software in 2024 will be instrumental in shaping informed decision-making and strategic planning. Understanding these trends allows organizations to stay ahead of potential threats, optimize operational efficiency, and maintain competitive edge in an increasingly digital world. As the industry evolves, staying attuned to these statistics is not merely a preference but a necessity for robust and resilient business practices.

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Top Identity And Access Management Software Statistics 2024

☰ Use “CTRL+F” to quickly find Identity And Access Management Software facts. There are total 107 Identity And Access Management Software Statistics on this page πŸ™‚


Cybersecurity Trends & Statistics

  • For 2023 and beyond, the focus is on the cyber-attack surface and vectors to mitigate threats and enhance resiliency and recovery. [2]
  • During the past 12 months, 34.5% of polled executives report their organizations’ accounting and financial data were targeted by cyber adversaries. [1]
  • Within that group, 22% experienced at least one cyber event, and 12.5% experienced more than one. [1]
  • Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. [1]
  • Just 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with cybersecurity peers. [1]
  • AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027. [1]
  • The cost of cybercrime is predicted to hit $8 trillion in 2023 and grow to $10.5 trillion by 2025. [1]
  • At least one open source vulnerability was found in 84% of code bases examined by Synopsys researchers. [2]
  • All code bases from aerospace, aviation, automotive, transportation, and logistics sectors contained open source code, making up 73% of total code. [2]
  • Of the 1,481 code bases examined, 91% contained outdated versions of open-source components. [2]
  • A ransomware gang used a new zero-day flaw to steal data on 1 million hospital patients. [2]
  • Community Health Systems confirmed hackers accessed the personal and protected health information of up to 1 million patients. [2]
  • Lookout observed the highest rate of mobile phishing in history in 2022, with half of mobile phone owners worldwide exposed to a phishing attack every quarter. [2]
  • Non-email-based phishing attacks, including vishing, smishing, and quishing, increased sevenfold in the second quarter of 2022. [2]
  • The potential annual financial impact of mobile phishing to an organization of 5000 employees is nearly $4m. [2]
  • Cybercriminals mostly abused Microsoft’s brand name in phishing attacks, with over 30 million messages. [2]
  • In 2022, 76% of organizations were targeted by a ransomware attack, out of which 64% were actually infected. [2]
  • Only 50% of these organizations retrieved their data after paying the ransom. [2]
  • 78% of business email compromise involved fake CEO emails using common CEO phrases, resulting in a 64% increase from Q3 to Q4 2022. [2]
  • 82% of business email compromise emails were sent using free email services. [2]
  • Consumers reported losing nearly $8.8 billion to fraud in 2022, a 30% increase over the previous year. [2]
  • There were over 1.1 million reports of identity theft received through the FTC’s IdentityTheft.gov website. [2]
  • By 2025, humanity’s collective data will reach 175 zettabytes. [2]
  • The IAM market is projected to be worth US$39.26bn by 2030. [5]
  • 38 million identities are managed, and 46% of Fortune 500 companies are SailPoint customers. [5]
  • Okta was named a leader in Gartner’s 2021 Magic Quadrant. [5]
  • Azure Active Directory employs more than 3500 security experts and offers single sign-on, multi-factor authentication, and conditional access. [5]
  • Worldwide security spending in the identity access management segment from 2017 to 2024 is projected to grow significantly. [3]
  • Global market value of Identity and Access Management is expected to reach USD 49.28 billion by 2032. [8]
  • 60% of USA IT and cybersecurity leaders stated that biometrics have supplanted passwords as of 2023. [8]
  • Identity and access management software was used by 65% of large businesses in 2023. [8]
  • Global Identity and Access Management market is projected to grow at a CAGR of 13.20% between 2024 and 2032. [8]
  • The average cost of a data breach reached $4.45 million in 2023. [13]
  • Employment of information security analysts is projected to grow 32 percent from 2022 to 2032. [13]
  • The number of applications people are dealing with has risen from ten to more than 50. [15]
  • 95% of data breaches are caused by human error. [27]

Cybercrime & Statistics

  • Nearly 10 billion unique passwords have been posted on a popular hacking forum. [18]
  • The cybersecurity market is expected to grow at a CAGR of 11% from 2023 to 2032. [21]
  • The global cyber security market size is projected to grow from $172.32 billion in 2023 to $424.97 billion by 2030. [16]
  • The global identity and access management (IAM) market size was valued at USD 16.19 billion in 2023 and is expected to grow to USD 49.28 billion by 2032. [8]
  • Cybersecurity Market size is estimated at USD 182.84 billion in 2024, expected to reach USD 314.28 billion by 2029. [36]
  • The global IAM market size was valued at USD 15.93 billion in 2022 and is projected to grow at a CAGR of 12.6% from 2023 to 2030. [14]
  • The Cyber Security Market size is USD 193 Billion in 2023 and is expected to grow at a CAGR of 11% from 2023 to 2032. [21]
  • The cybersecurity market revenue in the United States was valued at USD 73.41 billion in 2023. [36]

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Phishing & Ransomware

  • The highest rate of mobile phishing in history was observed in 2022, with half of mobile phone owners worldwide exposed to a phishing attack every quarter. [2]
  • Phishing attacks accounted for 16% of all breaches, with social engineering attacks like phishing prompting 22% of hacking and breaches. [6]
  • Phishing and stolen or compromised credentials were the two most prevalent attack vectors over the past year. [9]
  • Phishing, a form of social engineering attack, is responsible for 25% of all data breaches. [12]

Identity And Access Management (iam)

  • The IAM market size is expected to reach USD 27.5 billion by 2023. [29]
  • The IAM market is expected to grow at a CAGR of 13.20% between 2024 and 2032. [8]
  • The average cost of a data breach was $4.24 million, with compromised credentials being the most common entry point. [10]
  • 80% of data breaches stem from attackers guessing or stealing weak passwords. [6]
  • The number of global IAM market size was valued at USD 18.3 billion in 2020 and is expected to expand at a CAGR of 11.1% during the forecast period from 2021 to 2026. [12]
  • The IAM market is estimated to reach 14.4 billion USD by 2023 and is expected to experience a CAGR of 13.1% for the next 10 years. [12]

Technology Trends & Market Growth

  • AI and Machine Learning are set to play a more critical role in cybersecurity in 2024. [7]
  • The market value of artificial intelligence in cybersecurity is estimated to reach 22.4 billion USD in 2023 and is projected to grow to 60.6 billion USD by 2028. [37]
  • The global cybersecurity market share is worth $660.67 billion by 2030, growing at a CAGR of 15.9% from 2022 to 2030. [11]
  • The cybersecurity market is expected to be worth USD 379.75 billion by 2029 from USD 239.04 billion in 2024. [38]
  • The global cyber security market size was estimated at USD 222.66 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2023 to 2030. [31]

Cybersecurity Ventures & Investments

  • In Q1 of 2024, VC invested $2.7B into cybersecurity startups across 154 deals. [30]
  • The cybersecurity cloud category boasted the highest number of companies with over $300 million in cash reserves on their balance sheets. [30]
  • The cyber insurance market is set to burgeon with projections hitting $14 billion by 2023. [32]
  • The IoT segment within IAM market is anticipated to witness a CAGR of 16% during the forecast period of 20212026. [26]

Workforce Trends & Skills Gap

  • There is a significant skills gap, with a shortage of professionals needed to protect organizations from cyber-attacks. [28]
  • Employment of IAM analysts is projected to grow 17% by 2022, faster than the average for all occupations. [25]
  • The cybersecurity industry will grow by over 30% throughout the next decade, making it the fastest-growing industry in the US. [33]
  • The global cybersecurity workforce gap is estimated at roughly 4 million people. [35]

Regulatory & Compliance

  • Legislative changes impact access governance for computer systems in the public and private sectors. [25]
  • The US National Defense Authorization Act and Executive Order 14028 include the misrepresentation of an organization’s cybersecurity program and qualifications. [39]
  • The GDPR can impose fines up to 4% of global revenue for violations. [40]
  • The Digital Personal Data Protection Act was passed by the Indian parliament in August 2023. [38]

Iam Tools & Solutions

  • Okta is a leading identity and access management (IAM) solution provider used by over 14,000 global brands. [34]
  • SailPoint has emerged as a leading provider of IAM solutions. [23]
  • OneLogin offers a user-friendly platform with extensive application integrations. [23]
  • IBM Security Identity and Access Assurance, Microsoft Azure Active Directory, Ping Identity, and ManageEngine ADManager Plus are top IAM tools for 2024. [20]

Cyber Defense & Incident Response

  • Organizations take an average of 197 days to detect a data breach. [32]
  • Containing a breach takes an average of 69 days post-detection. [32]
  • Ransomware attacks surged by a whopping 141% in 2022. [32]
  • The total number of identities in an organization (humans and machines) is expected to grow by 240% over the next 12 months. [35]

Social Media & Internet Use

  • The number of global internet users reached 5.4 billion in 2024. [17]
  • The number of active social media users increased by 259 million from April 2023 to April 2024. [24]
  • TikTok was the most downloaded app globally in 2023 with over a billion downloads. [17]
  • The average daily time spent using social media worldwide increased to 2 hours and 31 minutes. [41]

Data Privacy & User Behavior

  • 99% of businesses surveyed plan to further invest in security outcomes in the next 12 months. [37]
  • The demand for cybersecurity experts increased by 35% compared to the previous year. [35]
  • 62% of organizations named staffing as the primary issue holding back their security efforts. [35]
  • 60% of businesses say they had difficulties retaining qualified cybersecurity staff. [35]

Cloud Security & Adoption

  • Cloud-based IAM solutions accounted for more than 40% of the market in 2020. [26]
  • The hybrid cloud deployment model is expected to grow at a compound annual growth rate (CAGR) of more than 12% from 2021 to 2026. [26]
  • Cloud security spending increased by 24% during the pandemic. [36]
  • The global cybersecurity market for the healthcare segment is expected to grow at the highest CAGR of 13.5% from 2021 to 2028. [26]

Internet Penetration & Usage

  • The global internet penetration rate reached 67.1% in April 2024. [24]
  • There were 5.44 billion internet users worldwide at the start of April 2024. [24]
  • The number of mobile broadband subscriptions worldwide reached 7 billion in 2023. [41]
  • The average daily time spent using the internet by online users worldwide was 6 hours and 37 minutes. [19]

Cyber Threat Landscape

  • The top two reasons for identity-related incidents were complex technology environments and insufficient budget. [37]
  • The most commonly experienced identity security incident in 2024 was phishing, at 69%. [37]
  • The number of mobile phishing attacks increased sevenfold in the second quarter of 2022. [2]
  • The number of cyber incidents targeting SMEs is over 50%, and 60% of affected SMEs go bankrupt within six months following a cyber-attack. [4]

Future Projections

  • By 2029, the estimated number of IoT devices will jump to 125 billion. [22]
  • The smart home (IoT) market is projected to grow to over $1 trillion by the end of 2024. [17]
  • The smart home (IoT) market was valued at $53.45 billion in 2022. [22]
  • Global internet usage statistics show that over 54.4 million active websites are using CMS technology. [22]

Miscellaneous

  • The Federal Trade Commission (FTC) data shows that consumers reported losing nearly $8.8 billion to fraud in 2022. [2]
  • The IAM market for small and medium-sized enterprises (SMEs) is forecasted to grow at a CAGR of 13% from 2021 to 2026. [26]
  • The number of applications people are dealing with has risen from ten to more than 50. [15]
  • The average cost of a single data breach reached $4.45 million in 2023. [13]

Also Read

Sources

  1. forbes – https://www.forbes.com/sites/chuckbrooks/2023/03/05/cybersecurity-trends–statistics-for-2023-more-treachery-and-risk-ahead-as-attack-surface-and-hacker-capabilities-grow/
  2. Unknown URL – Unknown URL
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  8. expertmarketresearch – https://www.expertmarketresearch.com/reports/identity-and-access-management-market
  9. expertinsights – https://expertinsights.com/insights/50-identity-and-access-security-stats-you-should-know/
  10. pingidentity – https://www.pingidentity.com/en/resources/blog/post/preventing-data-breaches-with-iam.html
  11. yahoo – https://finance.yahoo.com/news/cybersecurity-market-growth-hit-15-124600747.html
  12. vsecurelabs – https://vsecurelabs.co/identity-and-access-management-statistics/
  13. augusta – https://insider.augusta.edu/identity-and-access-management-tools/
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