Identity and Access Management (IAM) is a crucial aspect of any organization’s security infrastructure. It involves managing access to digital resources and ensuring that only authorized users can access sensitive data.
In this blog post, we’ll explore IAM statistics that shed light on the current state of IAM, adoption trends, benefits, challenges, and more.
Key Identity and Access Management (IAM) Statistics – MY Choice
- The average cost of a data breach is 4.24 million dollars.
- Organizations prioritize ease of integration (72%), followed by end user experience (62%), and product performance and effectiveness (61%).
- 73% of organizations had given their employees extra training on how to be “cyber-safe” when working remotely, with specific training targeting password and credential verification.
- 91% of organizations say that password MFA is important in order to stop credential theft and phishing attacks, making attack prevention the primary reason that people use passwordless MFA.
- Only 34% of organizations with a “forward-thinking” security culture have had an identity-related breach in the past year.
- 71% of organizations that have suffered a data breach in the past year say that better security awareness training for users could have prevented the breach.
Identity and Access Management (IAM) Stats
|Percentage of all breaches involving credentials||61%|
|Percentage of organizations experiencing a data breach||94%|
|Percentage of organizations breached in the last two years||79%|
|Percentage of mid-sized businesses that experienced a cyberattack while their employees worked remotely||60%|
|Percentage of mid-sized businesses that experienced credential theft while their employees worked remotely||56%|
|Percentage of mid-sized businesses that experienced social engineering while their employees worked remotely||48%|
|Percentage of organizations that experienced a phishing attack since the pandemic struck in 2020||90%|
|Percentage of organizations that experienced credential stuffing and brute force attacks since the pandemic struck in 2020||29%|
|Percentage of hacking breaches involving social attacks||22%|
|Percentage of all breaches involving stolen credentials||37%|
|Percentage of US security professionals reporting their organization experiencing a brute force attack in the last two years||24%|
|Percentage of US security professionals reporting their organization experiencing a phishing attack in the last two years||66%|
Identity and Access Management (IAM) Market Statistics
|Market region||CAGR percentage|
|Asia Pacific market||>15%|
|Market size in 2021||USD 13.41bn|
|Market size in 2028||USD 34.52bn|
|Growth in 2020||9.1%|
- The top three identity and access management challenges are password management, multifactor authentication, and role-based access control (Source: TechRepublic)
- The average cost of a data breach in the United States is $8.64 million (Source: IBM)
- 80% of all data breaches involve stolen or weak passwords (Source: Verizon)
- 42% of organizations use IAM solutions for both on-premises and cloud applications (Source: Thales)
- The most common use case for IAM is to manage employee access to corporate resources (Source: TechRepublic)
Identity and Access Management (IAM) Latest Statistics
|Market size in 2018||USD 10bn|
|Growth rate between 2019 and 2025||10% CAGR|
|Cloud deployment model CAGR||>16%|
|Worldwide enterprise security spending growth in 2018 from 2017||8%|
|Financial institutions affected by data breaches||90%|
|Breaches involving identity abuse||60%|
|Industry share expansion CAGR during 2019 to 2025||10%|
|Breaches involving credentials||61%|
|Organizations experiencing a data breach||94%|
|Organizations breached in the last two years||79%|
|Mid-sized businesses experiencing cyber attacks while working remotely||60%|
|Credential theft experienced by mid-sized businesses||56%|
|Social engineering attacks, such as phishing, experienced by mid-sized businesses||48%|
|Identity-related breach prevention possibility, according to IDSA respondents||99%|
|Security professionals believing that an IAM solution will address their current security gaps||44%|
|Individuals finding password management difficult||80%|
|Hacking breaches involving social attacks||22%|
|Breaches involving the use of stolen credentials||37%|
|US security professionals who experienced a brute force attack in the last two years||24%|
|Organizations experiencing phishing attacks||66%|
|Data breaches involving phishing||25%|
|Trickbot reports during H1 2020||47%|
|Agent Tesla reports during Q4||46%|
|Dridex reports during Q4||68%|
|Increased access to critical business systems by remote working||59%|
|Business critical applications in organizations||51|
|Organizations with a security policy for their remote workers||50%|
|Workers receiving cybersecurity awareness training from their employer since they began working from home||73%|
|Organizations requiring multi-factor authentication||35%|
|Organizations using MFA to secure privileged accounts||38%|
- IAM solutions can reduce the risk of data breaches by up to 50% (Source: TechRepublic)
- 55% of organizations that implement IAM solutions report an improvement in security posture (Source: Thales)
- IAM solutions can help organizations comply with regulatory requirements such as GDPR and HIPAA (Source: TechRepublic)
- IAM solutions can improve productivity by reducing password-related help desk calls by up to 90% (Source: TechRepublic)
- IAM solutions can provide a single sign-on (SSO) experience for users, reducing the need to remember multiple passwords (Source: TechRepublic)
Statistics related to password and privileged access management
|Consumers who believe companies are responsible for protecting their data||63%|
|Enterprises to incorporate SaaS into their infrastructure by 2021||70%|
|Small-to-medium-sized businesses dealing with identity challenges||92%|
|Professionals who say their businesses should emphasize strong password policies||95%|
|IT security professionals who say their enterprise suffered a breach due to a compromised privileged account||74%|
|Security breaches involving privileged accounts, according to Forrester Research estimation||80%|
|U.S. enterprises struggling to define privileged access management||26%|
|Enterprises without a password vault||52%|
|Enterprises not implementing multifactor authentication on their superuser accounts||21%|
|Data breaches beginning with privileged credential abuse||74%|
|Organizations suffering an identity-related breach at some point||94%|
|Organizations suffering an identity-related breach within the past two years||79%|
|Phishing attacks constituting the most common attack vector for identity||66%|
- Cloud-based IAM solutions are gaining in popularity, with a CAGR of 25.4% from 2020 to 2025 (Source: MarketsandMarkets)
- The Asia Pacific region is expected to experience the highest growth rate in the IAM market, with a CAGR of 15.9% from 2020 to 2025 (Source: MarketsandMarkets)
- 55% of organizations plan to increase their IAM spending in the next 12 months (Source: Thales)
- Multi-factor authentication (MFA) is becoming the norm, with 90% of organizations planning to implement MFA within the next two years (Source: Thales)
- IAM solutions are becoming more user-friendly, with features such as self-service password reset and social sign-on (Source: TechRepublic)
Statistics related to cybersecurity in small and medium-sized businesses
|Cyberattacks targeting the financial industry||50%|
|Financial SMBs suffering an attack in their organization’s lifetime||69%|
|Financial SMBs without a budget for strong IT security||50%|
|Financial SMBs lacking an incident response plan||47%|
|Healthcare organizations globally experiencing a cyberattack within the past year||53%|
Statistics related to identity and access management
|Businesses that think of IAM as important to extremely important||89%|
|Breaches with the largest business impact||23%|
|Breaches that disrupted business activities||22%|
|Enterprise professionals creating at least one account without involving their IT team||63%|
|Enterprise professionals creating between two and five accounts of which the IT department doesn’t know||51%|
|Cybersecurity professionals expressing concern with vulnerable mobile and at-risk devices||40%|
|Businesses planning on deploying Zero Trust in 2020||72%|
|Security decision makers planning to increase their IAM budget in 2021||61%|
|Firms that have implemented 2FA or passwordless authentication for employees||52%|
|Companies deploying more cryptographic keys and digital certificates across the enterprise||61%|
|Respondents with an enterprise-wide strategy for managing cryptography||40%|
|IT decision makers adopting or expanding or planning to adopt cloud-based solutions in the next two years||80%|
Adoption of IAM:
- According to a 2021 report by MarketsandMarkets, the IAM market is expected to grow from $12.3 billion in 2020 to $24.1 billion by 2025, at a compound annual growth rate (CAGR) of 14.5%.
- The report also found that the North American region is expected to have the largest market size for IAM solutions due to the high adoption of cloud-based technologies and the presence of major IAM vendors in the region.
- However, the report notes that the Asia Pacific region is expected to have the highest CAGR for IAM solutions due to the growing number of SMEs in the region and increasing investments in IT infrastructure.
- A 2021 survey by Cybersecurity Insiders found that 75% of organizations use an IAM solution, and 44% plan to invest in IAM technology in the next 12 months.
- The survey also found that the most common use case for IAM solutions is employee access management (60%), followed by customer access management (32%) and partner/vendor access management (19%).
- The survey found that the most common challenges organizations face with IAM are managing multiple identities (42%), managing privileged access (39%), and meeting compliance requirements (38%).
Miscellaneous statistics related to cybersecurity
|Respondents who said they have too many accounts to manage||66%|
|Respondents who can’t remember which password belongs to each account||41%|
|Respondents who can’t remember passwords because they use unique passwords for each account||38%|
|People who think that resetting and coping with passwords is hugely stressful||30%|
|People who say losing a vital password compares to losing a job||67%|
|Business decision makers who confirmed their suspicions of full remote work||71%|
|Business decision makers noting an increase in phishing attacks since embracing social distancing||46%|
|Business decision makers who believe their IT remote admin access is at risk of a security breach||53%|
- Some of the most popular IAM solutions on the market include Okta, Microsoft Azure Active Directory, Ping Identity, ForgeRock, and OneLogin.
- IAM solutions often include features such as single sign-on, multi-factor authentication, access control, identity verification, and identity governance.
- Some IAM solutions are designed specifically for certain industries, such as healthcare, finance, or government.
Opportunities in IAM:
- With the growing importance of data security and compliance, the IAM market is expected to continue to grow, presenting opportunities for vendors and service providers in the space.
- As more organizations adopt cloud-based technologies and move away from on-premises solutions, there is a growing need for cloud-based IAM solutions that can integrate with other cloud services.
- The growing number of remote workers and mobile devices also presents opportunities for IAM solutions that are designed with mobile access in mind.
Challenges in IAM:
- One of the biggest challenges in IAM is managing multiple identities, which can become complicated as employees have multiple accounts and access different systems and applications.
- Another challenge is managing privileged access, which requires stricter controls and monitoring to prevent data breaches.
In conclusion, Identity and Access Management (IAM) is a critical aspect of modern-day cybersecurity, particularly as businesses and individuals continue to rely on digital technologies to operate. The IAM statistics and trends outlined in this article highlight the importance of IAM in securing data and applications, managing user access, and enhancing overall business operations.
From the facts and benefits of IAM to the challenges and opportunities in its adoption, it is clear that IAM is not only a necessity but also a promising market for businesses and software developers. As the market continues to grow, IAM solutions will become more advanced, effective, and integrated into daily operations.
By understanding the key IAM statistics and trends, businesses can develop and implement effective IAM strategies, mitigate security risks, and improve productivity. With a proactive approach to IAM, businesses can achieve better security, greater efficiency, and increased success in the long run.
Identity and Access Management (IAM) is a framework that allows organizations to manage digital identities and access to resources. It provides a set of tools, policies, and technologies that help manage user identities and their access to information, systems, and applications.
IAM provides numerous benefits, including improved security and compliance, increased efficiency, and reduced costs. By implementing IAM, organizations can control who has access to their systems and data, and ensure that access is appropriate and secure.
Implementing IAM can be complex and requires a significant investment of time and resources. It also requires careful planning and collaboration between different departments within an organization. Additionally, there may be resistance to change among employees, who may be used to a more relaxed approach to access management.
Some of the current trends in IAM include the increased use of cloud-based IAM solutions, the use of biometrics for identity verification, and the integration of IAM with other security tools to provide a more comprehensive security posture.
To ensure the success of their IAM initiatives, organizations should take a holistic approach that involves all stakeholders, including IT, security, and business teams. They should also conduct a thorough risk assessment, create a clear IAM strategy, and carefully choose the right IAM solution that aligns with their specific needs and requirements.
IAM adoption is on the rise across various industries and geographic locations. In particular, industries such as healthcare, financial services, and government have seen significant growth in IAM adoption due to the sensitive nature of the data they handle.
There are many IAM software solutions available in the market, including Okta, Microsoft Azure Active Directory, Ping Identity, IBM Security Identity Governance and Administration, and ForgeRock.
IAM can help organizations to create new opportunities by providing secure access to data and applications, facilitating collaboration and productivity, and enabling seamless customer experiences. By implementing IAM, organizations can also reduce the risk of data breaches and regulatory non-compliance, thereby enhancing their reputation and brand value.