Personal Identity Management Market

Market Overview:

The global personal identity management market size reached US$ 17.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.79% during 2023-2028.

Personal identity management (PIM), refers to a process of securing and managing information and resources of an organization or an individual. Organizations generally issue and use digital identities and credentials, such as usernames and passwords, for authentication and to protect users’ profiles. This restricts the intruders from accessing any private information or data without the assent of the user. PIM allows companies and employees to store and secure the required information. At present, the PIM market is at a nascent stage, however, with the repeated occurrences of data breaches and security attacks as well as the growing digital footprint of individuals across various channels, it is gaining immense popularity worldwide.

Various technological advancements, such as cloud computing, real-time data access, modern electric meters and automated meter infrastructure, have facilitated the adoption of PIM solutions. Further, as many employees work outside the company facilities and firewalls, these systems are being used for security purposes in numerous organizations. Moreover, due to the high frequency and severity of cybercrime incidents, governments across the globe are implementing various laws and regulations for securing personal data. These government mandates are supplementing the utilization of PIM solutions which is having a positive impact on the industry growth. Besides this, with the advent of the Internet of Things (IoT), digital identity management systems can identify devices, sensors and monitors which help in managing personal identity information of the user consisting of their credentials (certificates, tokens, biometrics), identifiers (User ID, email, URL) and attributes (roles, positions, privileges). This is projected to expand the applications of PIM solutions in the coming years.

IMARC Group’s latest report provides a deep insight into the global personal identity management market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global personal identity management market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global personal identity management market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on component, deployment type, data type and industry vertical.

Breakup by Component:

• Applications
  • Access Control 
  • Content Management
• Services
  • Professional Services
  • Managed Services
     

Breakup by Deployment Type:

• On-Premises
• Cloud
   

Breakup by Data Type:

• Behavioral Data
• Individual Identity Data
• Derived Data
• Self-Identified Data
   

Breakup by Industry Vertical:

• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Consumer Goods and Retail
• Others
   

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being International Business Machines Corporation, Broadcom Inc., Microsoft Corporation, Oracle Corporation, Okta, Inc., Hitachi Id Systems, Inc. (Hitachi Ltd.), Dell Technologies Inc., Micro Focus International plc, SailPoint Technologies Inc., OneLogin, Inc., Delinea, Experian PLC and Kaspersky Lab.

Report Coverage: