The global personal identity management market size reached US$ 19.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 58.4 Billion by 2032, exhibiting a growth rate (CAGR) of 12.4% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 19.7 Billion |
Market Forecast in 2032
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US$ 58.4 Billion |
Market Growth Rate 2024-2032 | 12.4% |
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.
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 2024-2032. Our report has categorized the market based on component, deployment type, data type and industry vertical.
Breakup by Component:
Breakup by Deployment Type:
Breakup by Data Type:
Breakup by Industry Vertical:
Breakup by Region:
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 Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Component, Deployment Type, Data Type, Industry Vertical, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Companies Covered | 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 |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global personal identity management market was valued at US$ 19.7 Billion in 2023.
We expect the global personal identity management market to exhibit a CAGR of 12.4% during 2024-2032.
The rising incidences of online security breaches, along with the growing integration of IoT in personal identity management solutions, as they aid in identifying devices, sensors, and monitors, which ensures efficient management of private information, are primarily driving the global personal identity management market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of personal integrity management solutions to safeguard the sensitive data and secure personal data against cyberattacks, during the remote working scenario.
Based on the deployment type, the global personal identity management market has been segmented into on-premises and cloud, where cloud currently holds the majority of the total market share.
Based on the industry vertical, the global personal identity management market can be divided into IT and telecom, Banking, Financial Services, and Insurance (BFSI), energy and utilities, consumer goods and retail, and others. Currently, Banking, Financial Services, and Insurance (BFSI) exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global personal identity management market include 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.