KuppingerCole Analysts predicts Access Management market to grow in 3 bn USD by 2025

The firm’s analysts predict the Access Management Market’s CAGR (Compound Annual Growth Rate) to be approximately 15%, which would lead to a growth of the market by 3 bn US dollars by 2025, compared to 2021. Controlling user access as well as supporting modern authentication and federation to target systems continues to be a growing market. This expected growth is in line with the overall growth of the cybersecurity and IAM (Identity & Access Management) markets that have been observed in the last few years. The Access Management is a global market, with North America and EMEA being the most relevant regions, contributing 39.1% respectively 38.6% of the overall revenue in this market.

The trend towards Work from Anywhere alongside with the ever-increasing cyber risks further drives the Access Management market segment. Passwordless authentication and support for a multitude of devices and authentication mechanisms requires modern solutions, also leading to replacements of legacy solutions in this market. All types and sizes of organizations require modern Access Management solutions, which commonly are delivered from the cloud. This demand will lead to further increase in market size, despite economic turmoil.

“Access Management” refers to the group of capabilities targeted at supporting access management requirements of organizations ranging from authentication, authorization, single sign-on, and identity federation traditionally found within Web Access Management & Identity Federation solutions. These access management capabilities are well-established areas in the broader scope of IAM (Identity and Access Management), in which they are continuing to gain attraction due to emerging requirements for integrating business partners and customers.

With this first report on the Access Management market, KuppingerCole launches a series on market size prediction in the IT sector. The company’s analysts will continuously release new data to help IT professionals and journalists understand the market’s evolution and navigate a quickly evolving environment.