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Identity and Access Management Market to grow by USD 14.80 billion (2024-2028), driven by rising global data thefts, with AI powering market evolution – Technavio

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NEW YORK, Dec. 5, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global identity and access management market  size is estimated to grow by USD 14.80 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 13.04%  during the forecast period. Increase in data thefts globally is driving market growth, with a trend towards increased adoption of byod concept. However, threat from open-source iam solutions  poses a challenge. Key market players include Avatier Corp., CyberArk Software Ltd., Dell Technologies Inc., EmpowerID Inc., ForgeRock Inc., FusionAuth, International Business Machines Corp., Microsoft Corp., Okta Inc., Ping Identity Corp., Quest Software Inc., Salesforce Inc., SAP SE, SecureAuth Corp., Simeio Solutions LLC, Zoho Corp. Pvt. Ltd., Zuora Inc., ASSA ABLOY AB, Broadcom Inc., and Oracle Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Large enterprises, Government organizations, and SMEs), Deployment (On-premises and Cloud-based), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Avatier Corp., CyberArk Software Ltd., Dell Technologies Inc., EmpowerID Inc., ForgeRock Inc., FusionAuth, International Business Machines Corp., Microsoft Corp., Okta Inc., Ping Identity Corp., Quest Software Inc., Salesforce Inc., SAP SE, SecureAuth Corp., Simeio Solutions LLC, Zoho Corp. Pvt. Ltd., Zuora Inc., ASSA ABLOY AB, Broadcom Inc., and Oracle Corp.

Key Market Trends Fueling Growth

Identity and Access Management (IAM) is a crucial business area focusing on managing digital identities and controlling access to systems and data. Trends in IAM include AI for identity analytics, automation, and policy enforcement. Cloud technologies and digital platforms are driving the deployment of IAM solutions, with options for on-premise, cloud, or hybrid deployment. IAM solutions help manage access privileges, user verification, and biometric solutions for smartphones. IAM is essential for preventing data breaches and digital identity fraud in various industries like SMEs, Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, and Manufacturing. IAM contracts often include components such as directory services, multifactor authentication, provisioning, password management, single sign-on, and production costs. Connectivity, identity modifications, and prerogatives are also managed through IAM. Capital technology investments include installation costs for IAM solutions and cloud-based IAM services. Internet services are integral for IAM, with WAN and cloud computing enabling seamless access. Policy violations and inactive accounts are key areas of focus for IAM. 

Organizations are embracing the use of mobile devices in the workplace, allowing employees to work remotely and access organizational data and resources. The Bring Your Own Device (BYOD) trend is gaining popularity among businesses, enabling a significant increase in productivity and efficiency. Small and medium enterprises (SMEs) are particularly adopting this approach, as employees can use their personal laptops, smartphones, and tablets for professional tasks. This shift to mobile devices as primary tools in the workplace is a response to the growing need for flexibility and connectivity in today’s business environment. The use of personal devices in the workplace is becoming increasingly common, and IT departments are providing necessary support to ensure secure access to corporate networks and data. 

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Market Challenges

•         Identity and Access Management (IAM) is a crucial business function that helps organizations manage digital identities and control access to their systems and applications. However, implementing an IAM solution comes with several challenges. Artificial intelligence (AI) and automation are transforming IAM, but deployment, especially in cloud technologies and digital platforms, can be complex. Inactive accounts and policy violations pose security risks, leading to production costs and potential data breaches from digital identity fraud. Access privileges must be managed carefully to prevent unauthorized access, and user verification is essential for securing prerogatives. IAM contracts, installation costs, and connectivity are key considerations when choosing an IAM solution. Biometric solutions and smartphones offer convenient user verification methods. SMEs in sectors like Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, and Manufacturing face unique IAM challenges. IAM components include directory services, multifactor authentication, provisioning, password management, single sign-on, and on-premise, cloud, or hybrid deployment. IAM solutions must address challenges like Wide-Area Network (WAN) connectivity, cloud computing, and capital technology investments.

•         Open-source Identity and Access Management (IAM) solutions are gaining popularity, particularly among small-scale enterprises in developing economies like India and China. These solutions offer less upfront expense and more flexibility compared to on-premises and cloud-based IAM alternatives. With open-source IAM solutions, businesses can download and run software on all platforms, making it an affordable option for those with limited budgets. For instance, Soffid, a provider of free and fully available open-source software, offers a comprehensive Single Sign-On (SSO) and Identity and Access Management (IAM) solution for administrators. This solution allows businesses to securely manage user identities and access to applications, ensuring data security while keeping costs low.

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Segment Overview 

This identity and access management market report extensively covers market segmentation by

End-user 1.1 Large enterprises1.2 Government organizations1.3 SMEsDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Large enterprises-  Large enterprises are expected to boost the Identity and Access Management (IAM) market growth due to its benefits, including performance, affordability, security, enterprise-class scalability, and easy management of sensitive information. IAM solutions enable large enterprises to effectively manage a vast number of identities within and outside their organization, mitigate cyber risks, and ensure end-to-end supply chain visibility. The increasing adoption of Bring Your Own Device (BYOD) policies in large enterprises, with around two-fifths of employees using their devices for work, necessitates the implementation of IAM solutions to secure corporate data from unauthorized access. Furthermore, large enterprises with intricate IT environments require IAM vendors to manage access requirements for both on-premises and cloud-based applications. Procurement services, such as order management, content sourcing, and spot purchase management from IBM, and spend analysis, category management, strategic sourcing, and tail spend management from GEP, offer convenience and help large enterprises improve efficiency, assess risks, and coordinate data points in their process networks. These factors collectively contribute to the increasing adoption of IAM and procurement outsourcing services among large enterprises, driving the growth of the market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Identity and Access Management (IAM) market is experiencing significant growth due to the increasing importance of securing digital identities in the era of cloud-based services and remote work. Cloud-based IAM services offer flexibility, scalability, and cost savings, making them a popular choice for businesses. However, they also introduce new challenges, such as multifactor authentication to enhance security, digital identity fraud, and data breaches. IAM solutions address these concerns by providing user verification, identity modifications, biometric solutions, single sign-on, password management, provisioning, access privileges, and inactive account management. Additionally, IAM solutions offer policy violations detection, audit, compliance & governance, regulatory compliance management, identity analytics, and digital platform integration. Automation, production costs, and installation costs are also significant factors in the IAM market.

Market Research Overview

The Identity and Access Management (IAM) market is experiencing significant growth due to the increasing adoption of Artificial Intelligence (AI) technologies, Cloud technologies, and Digital platforms. Deployment options include on-premise, cloud, and hybrid, with cloud-based IAM services gaining popularity for their cost-effectiveness and ease of use. IAM solutions automate Identity analytics to detect inactive accounts, policy violations, and access privileges, reducing production costs. Connectivity and user verification are crucial components, with biometric solutions and smartphone authentication enhancing security. IAM contracts are essential for organizations, with Capital technology leading the way in IAM services. SMEs, Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, Manufacturing, and other industries are investing in IAM solutions to mitigate data breaches and digital identity fraud. Multifactor authentication, provisioning, password management, Single sign-on, and Directory services are key components of IAM solutions. Installation costs vary depending on the deployment option and the size of the organization.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userLarge EnterprisesGovernment OrganizationsSMEsDeploymentOn-premisesCloud-basedGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Sidus Space Announces Closing of Offering

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CAPE CANAVERAL, Fla., April 21, 2026 /PRNewswire/ — Sidus Space, Inc. (Nasdaq: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 13,453,700 shares of its Class A common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at an offering price of $4.35 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $58.5 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 20, 2026, and declared effective on February 4, 2026. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations
Investor-Relations@sidusspace.com

Media
press@sidusspace.com

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SOURCE Sidus Space, Inc.

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Ezee Fiber Connects First Customers in Santa Fe, Accelerates New Mexico Expansion

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HOUSTON, April 21, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet company delivering 100% fiber-to-the-home (FTTH) service, announced it has connected its first customers in Santa Fe, New Mexico. This milestone marks the company’s first major step in building its Santa Fe network and expanding multi-gigabit, symmetrical fiber service across the state.

Installations are now underway, giving residents access to Ezee Fiber’s high-performance network, which features symmetrical multi-gig speeds, no data caps, no hidden fees and transparent lifetime pricing. The company also emphasizes locally staffed customer support and a reliable, high-quality experience that sets it apart from legacy providers.

“We’re excited to bring our modern, 100% fiber network to homes the state capital,” said Carlos Rosas, Senior Vice President and General Manager, Southwest Region at Ezee Fiber. “Communities deserve more than basic connectivity. We are focused on delivering ultra-fast speeds, reliability and long-term infrastructure that supports how people live and work today.”

Ezee Fiber began expanding in New Mexico in 2024 and continues to scale rapidly. In addition to Santa Fe, the company is building fiber infrastructure in Albuquerque and surrounding communities, with service activating on a rolling basis as construction is completed.

Residents can expect construction activity to move efficiently through neighborhoods. Ezee Fiber will provide advance notice before work begins and will restore all areas in line with municipal requirements and industry best practices.

Residents can check availability and learn more at ezeefiber.com.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value.

The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

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SOURCE Ezee Fiber

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CFA Institute calls for functional, proportionate AI oversight to safeguard UK retail investors and market integrity

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LONDON, April 21, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has published its response to the Financial Conduct Authority’s (FCA) Review into the long-term impact of artificial intelligence on retail financial services (the “Mills Review”). CFA Institute welcomes the FCA’s technology-neutral approach, while urging greater operational clarity to ensure responsible AI deployment.

In its submission, CFA Institute supports anchoring AI oversight within the UK’s existing principles-based framework, including the Consumer Duty and the Senior Managers and Certification Regime (SM&CR), rather than introducing a standalone AI rulebook. However, it emphasizes that supervisory expectations must be clearer and more practical as AI systems move from assistive tools to advisory functions and, ultimately, autonomous agents.

CFA Institute argues that regulation should follow what AI systems do for consumers, not how they are labelled or constructed. AI-enabled retail interfaces may generate “advice-like” outcomes, such as personalized product steering or portfolio construction guidance, without formally crossing regulatory thresholds. A substance-over-form approach is therefore essential to prevent regulatory arbitrage and ensure consistent consumer protection.

While the Consumer Duty provides a robust foundation, CFA Institute calls for AI-specific articulation of how its four outcomes apply where decision-making is increasingly delegated to automated systems. In particular, the response highlights a risk of automation bias, which may reduce effective consumer outcomes, especially among vulnerable customers.

Firms should be expected to test, monitor and evidence outcomes based on how consumers actually use AI systems in practice, not solely on how they are intended to function.

The submission also identifies a potential governance gap where firms report formal accountability for AI systems yet lack deep operational understanding of complex or third-party models. CFA Institute recommends clearer expectations around what “reasonable steps” and “meaningful oversight” mean under SM&CR and SYSC when AI is deployed in material retail use cases.

It further calls for:

A proportionate, tiered governance framework aligned to the assistive–advisory–autonomous spectrumClear allocation of end-to-end accountability for consumer outcomesReinforced oversight of third-party AI dependencies and operational resilience risks.

Although retail-focused, the response underscores broader market structure implications, including model concentration, correlated behavior, and third-party dependencies that could amplify volatility in stressed conditions. CFA Institute encourages close coordination between the FCA and the Bank of England, as well as continued alignment with IOSCO and the Financial Stability Board, to reduce fragmentation and support the UK’s global competitiveness.

Finally, CFA Institute stresses that responsible AI adoption depends on developing “hybrid” talent, professionals who combine technological fluency with fiduciary judgement and market expertise. Strengthening professional standards and supervisory capability should form part of the UK’s long-term AI competitiveness strategy.

Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy at CFA Institute, said: “Artificial intelligence has the potential to expand access, improve efficiency and strengthen retail financial services, but only if trust and accountability remain firmly at the center.

“The UK’s principles-based framework is advantageous. The priority now is operational clarity: clear guidance on how the Consumer Duty and SM&CR apply when decision-making is increasingly delegated to AI systems.

“Regulation should follow function, not technological form. Where AI systems effectively shape or execute consumer decisions, protections must apply in substance, not just in label.

“We encourage the FCA to provide practical supervisory guidance by the end of 2026 and to continue close dialogue with industry and international standard-setters. With proportionate safeguards, meaningful oversight and investment in hybrid professional skills, the UK can play a leading role in responsible AI-enabled finance while preserving market integrity and public trust.”

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standards for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across more than 160 markets, CFA Institute has 9 offices and 157 local societies. Find us at https://www.cfainstitute.org/ or follow us on LinkedIn, and subscribe on YouTube.

 

 

 

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