Identity and Access Management (IAM) Statistics, Trends And Facts 2023

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.

Identity and Access Management (IAM) Stats

Statistic	Data
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
Global market	14.5%
Asia Pacific market	>15%
Market size in 2021	USD 13.41bn
Market size in 2028	USD 34.52bn
Growth in 2020	9.1%

IAM Facts

1. The top three identity and access management challenges are password management, multifactor authentication, and role-based access control (Source: TechRepublic)
2. The average cost of a data breach in the United States is $8.64 million (Source: IBM)
3. 80% of all data breaches involve stolen or weak passwords (Source: Verizon)
4. 42% of organizations use IAM solutions for both on-premises and cloud applications (Source: Thales)
5. The most common use case for IAM is to manage employee access to corporate resources (Source: TechRepublic)

Identity and Access Management (IAM) Latest Statistics

Statistics	Percentage/Amount
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 Benefits

1. IAM solutions can reduce the risk of data breaches by up to 50% (Source: TechRepublic)
2. 55% of organizations that implement IAM solutions report an improvement in security posture (Source: Thales)
3. IAM solutions can help organizations comply with regulatory requirements such as GDPR and HIPAA (Source: TechRepublic)
4. IAM solutions can improve productivity by reducing password-related help desk calls by up to 90% (Source: TechRepublic)
5. 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

Statistic	Percentage
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%

IAM Trends

1. Cloud-based IAM solutions are gaining in popularity, with a CAGR of 25.4% from 2020 to 2025 (Source: MarketsandMarkets)
2. 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)
3. 55% of organizations plan to increase their IAM spending in the next 12 months (Source: Thales)
4. Multi-factor authentication (MFA) is becoming the norm, with 90% of organizations planning to implement MFA within the next two years (Source: Thales)
5. 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

Statistic	Percentage
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

Statistic	Percentage
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.

IAM Demographics:

• 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

Statistic	Percentage
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%

IAM Software:

• 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.