India Identity & Access Management (IAM) Market

India Identity & Access Management (IAM) Market Overview:

The India identity & access management (IAM) market size reached USD 748.51 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,506.68 Million by 2033, exhibiting a growth rate (CAGR) of 8.08% during 2025-2033. The market is growing due to rising cyber threats, stringent data privacy regulations, cloud adoption, remote work expansion, and digital transformation initiatives. Increasing adoption of multi-factor authentication, zero-trust security frameworks, and AI-driven identity verification solutions is further driving demand, particularly in banking, government, and healthcare sectors.

India Identity & Access Management (IAM) Market Trends:

Increasing Demand for Zero-Trust Security Models

Adoption of zero-trust architecture is gaining pace in India's IAM market due to increasing cyber threats and compliance mandates. Zero-trust unlike traditional perimeter security models strictly enforces identity authentication on every request for access, irrespective of whether it comes from within or outside the organization's network. Indian organizations, especially BFSI, IT, and government, are implementing zero-trust frameworks to avert unauthorized access and data leaks. The growth of remote work and hybrid cloud infrastructures has rendered it essential to adopt identity-driven security measures. IAM solutions today incorporate continuous authentication, privilege access management (PAM), and micro-segmentation to impose stringent access controls. With companies moving towards cloud-based operations, zero-trust IAM models are becoming a necessity for maintaining data security and regulatory compliance. For instance, in November 2024, iValue Group partnered with RSA to strengthen cybersecurity in India by offering advanced identity and access management solutions. This collaboration integrates RSA’s expertise with iValue’s distribution capabilities to enhance data protection and regulatory compliance. Focusing on privileged access management and multi-factor authentication, the partnership supports zero-trust security adoption across industries. As businesses implement stricter identity verification to prevent breaches, this alliance aims to improve security frameworks and reinforce IAM strategies for enterprises in India's evolving digital landscape.

Growing Emphasis on Decentralized Identity Solutions

Decentralized identity technologies, based on blockchain, are making inroads in India's IAM market. Decentralized identity systems are different from traditional centralized identity management systems in that they give power to users to own and manage their credentials securely without depending on one authority. The trend is highly applicable in areas like finance, healthcare, and e-governance where privacy of data is of top priority. Identity verification through blockchain guarantees tamper-proof records and lowers the risks of identity fraud. Government programs, including Aadhaar-based authentication and digital identity models, are driving the growth of decentralized IAM models. Indian businesses are increasingly looking at self-sovereign identity (SSI) solutions, which give individuals more control over their data but ensure data protection legislation compliance. With digital identity security now taking centre stage, decentralized IAM solutions will reshape authentication and access management methodologies in India. For instance, in March 2025, Cross Identity launched a Privileged Identity and Access Management (PIAM) solution to enhance cybersecurity for financial institutions in compliance with RBI guidelines. The solution secures privileged access across on-premises, cloud, and hybrid environments, reducing cyber threats. It provides centralized control, continuous monitoring, and integration with IAM systems. The solution addresses gaps in traditional privileged access management by offering lifecycle management for privileged users. Major Indian banks, including HDFC and Paytm Bank, have already adopted Cross Identity’s IAM solutions.

India Identity & Access Management (IAM) Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on solution, deployment, organization type, and end use industry.

Solution Insights:

• Provisioning
• Password Management
• Directory Service
• Advanced Authentication
• Single Sign-On (SSO)
• Audit
• Compliance
• Governance

The report has provided a detailed breakup and analysis of the market based on the solution. This includes provisioning, password management, directory service, advanced authentication, single sign-on (SSO), audit, compliance, and governance.

Deployment Insights:

• On-premises
• Cloud

A detailed breakup and analysis of the market based on the deployment have also been provided in the report. This includes on-premises and cloud.

Organization Type Insights:

• SME
• Large Organization

A detailed breakup and analysis of the market based on the organization type have also been provided in the report. This includes SME and large organization.

End Use Industry Insights:

• BFSI
• IT and Telecom
• Education
• Healthcare
• Retail
• Others

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes BFSI, IT and telecom, education, healthcare, retail, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Identity & Access Management (IAM) Market News: 

• In December 2024, Saviynt trained over 250 Identity and Access Management (IAM) practitioners in India through its Saviynt University workshops, addressing the cybersecurity talent shortage. The training focused on accelerating Time-to-Value (TTV) deployment for IAM solutions, equipping global partners with critical skills. Given India's rising demand for cybersecurity professionals, this initiative enhances expertise in identity governance.
• In March 2025, Verizon and Accenture announced a strategic partnership to enhance cybersecurity solutions for businesses across industries. This collaboration will offer advanced services in Identity and Access Management (IAM), Managed Extended Detection and Response (MxDR), and cyber risk management. The partnership aims to help organizations detect vulnerabilities, respond to cyberattacks, and recover from threats, addressing the growing risks in today's cybersecurity landscape. By combining their expertise, Verizon and Accenture seek to support businesses in becoming more cyber resilient.

India Identity & Access Management (IAM) Market Report Coverage:

Key Questions Answered in This Report:

• How has the India identity & access management (IAM) market performed so far and how will it perform in the coming years?
• What is the breakup of the India identity & access management (IAM) market on the basis of solution?
• What is the breakup of the India identity & access management (IAM) market on the basis of deployment?
• What is the breakup of the India identity & access management (IAM) market on the basis of organization type?
• What is the breakup of the India identity & access management (IAM) market on the basis of end use industry?
• What are the various stages in the value chain of the India identity & access management (IAM) market? 
• What are the key driving factors and challenges in the India identity & access management (IAM) market?
• What is the structure of the India identity & access management (IAM) market and who are the key players?
• What is the degree of competition in the India identity & access management (IAM) market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India identity & access management (IAM) market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India identity & access management (IAM) market.
• Porter's Five Forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India identity & access management (IAM) industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.