Identity and Access Management (IAM) Statistics 2024

Are you looking to add Identity and Access Management (IAM) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Identity and Access Management (IAM) statistics of 2024.

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Best Identity and Access Management (IAM) Statistics

Best Identity and Access Management (IAM) Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 127 Identity and Access Management (IAM) Statistics on this page 🙂

Identity and Access Management (IAM) Benefits Statistics

The cloud based identity & access management market is anticipated to grow at a CAGR of more than 16% over the forecast timeline due to its several benefits, such as economies of scale, no hardware deployment, reduced costs, and simplified management. ^[0]

Identity and Access Management (IAM) Market Statistics

The cloud based identity & access management market is anticipated to grow at a CAGR of more than 16% over the forecast timeline due to its several benefits, such as economies of scale, no hardware deployment, reduced costs, and simplified management. ^[0]
The Asia Pacific market is estimated to register a growth at over 15% till 2025 due to growing digitization across enterprises and rapid adoption of emerging technologies such as IoT and cloud computing. ^[0]
The market is projected to grow from USD 13.41 billion in 2021 to USD 34.52 billion in 2028 at a CAGR of 14.5 % in the 2021. ^[1]
Based on our analysis, the global market exhibited a significant growth of 9.1% in 2020 compared to the average yearonyear growth during 2017. ^[1]
The market is projected to grow at a CAGR of 14.5%. ^[1]

Identity and Access Management (IAM) Adoption Statistics

The Asia Pacific market is estimated to register a growth at over 15% till 2025 due to growing digitization across enterprises and rapid adoption of emerging technologies such as IoT and cloud computing. ^[0]

Identity and Access Management (IAM) Latest Statistics

Free Sample Industry Trends Identity and Access Management Market size exceeded USD 10 billion in 2018 and is estimated to grow at over 10% CAGR between 2019 and 2025. ^[0]
Forecast Period 2019 to 2025 CAGR10%. ^[0]
For instance, in 2018, enterprises invested more in IT security and the worldwide enterprise security spending accounted for USD 96.3 billion, a growth of approximately 8 percent from 2017. ^[0]
Cloud deployment model set to grow at over 16% CAGR. ^[0]
About 90% of financial institutions are affected by data breaches, out of which 60% are cases of identity abuse. ^[0]
The industry share of identity and access management is projected to expand at 10% CAGR during 2019 to 2025. ^[0]
61% of all breaches involve credentials, whether they be stolen via social engineering or hacked using brute force. ^[2]
A Work in Progress, 94% of organizations have experienced a data breach, and 79% were breached in the last two years. ^[2]
60% of mid sized businesses that have asked their employees to work remotely experienced a cyberattack; 56% of those experienced credential theft, and 48% experienced social engineering, such as phishing. ^[2]
99% of IDSA’s respondents who’d suffered an identity related breach believe that these types of attack are preventable. ^[2]
Further research shows that 44% of security professionals believe that an identity and access management solution will address their current security gaps. ^[2]
According to a recent survey, 8 out of 10 of us find password management difficult. ^[2]
22% of hacking breaches involve social attacks, and 37% of all breaches involve the use of stolen credentials…. ^[2]
24% of US security professionals say that their organization has experienced a brute force attack, including password spraying or credential stuffing, in the last two years. ^[2]
According to the same study, 66% have experienced a phishing attack – which brings us on to our next identity breach method, which is generally considered to be the most common. ^[2]
25% of all data breaches involve phishing, a type of social engineering attack. ^[2]
Trickbot reports were at a high during the first half of 2020, with 47% of reported incidents globally taking place in Q1 as hackers capitalized on the uncertainly brought about by the pandemic. ^[2]
Q4 saw the highest number of Agent Tesla reports globally, at 46%. ^[2]
Similarly, Q4 accounted for 68% of the global reports of Dridex, a financial trojan that can steal credentials, take screenshots of compromised devices, and perform distributed denial of service attacks. ^[2]
Remote working has increased access to critical business systems by 59% in the last year. ^[2]
On average, organizations today have 51 business critical applications; over half of these (56%). ^[2]
Despite the risks presented by remote and hybrid work, a concerning 50% of organizations don’t have a policy on the security requirements for their remote workers. ^[2]
73% of workers haven’t received any cybersecurity awareness training from their employer since they began working from home. ^[2]
Of those that do require that their employees use authentication, only 35% require multi. ^[2]
Only 38% of organizations use MFA to secure their privileged accounts, and 49% of organizations have at least some users with more access privileges than are required for them to do their job. ^[2]
It comes as little surprise, then, that a quarter of all cybercrime victims in the US and UK have managerial positions or own a business and that 34% of identity related breaches in the last two years have involved the compromise of privileged user accounts. ^[2]
Lack of skilled staff (41%) Not utilizing available technologies (33%) Password management and authentication (31%) Detection and/or mitigation of insider threats (30%). ^[2]
Increasing use of mobile devices (30%). ^[2]
In 2020, 80% of organizations that reported a data breach suffered a loss of PII. ^[2]
Further research, focused on data breaches in the era of remote work, has also found that customer records are considered the most vulnerable type of data, with 55% of organizations showing concern for protecting customer records from cyberattacks. ^[2]
This was followed by financial information (48%), customer credit or debit card information (31%), intellectual property (28%), employee records (21%) and business correspondence (18%). ^[2]
According to a survey by Cybersecurity Insiders, when looking to invest in an IAM solution, organizations prioritize ease of integration (72%), followed by end user experience (62%), and product performance and effectiveness (61%). ^[2]
Further features that security teams look for include Ease of administration (59%). ^[2]
by the end of March 2020, 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. ^[2]
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. ^[2]
Interestingly, this is followed by user experience, which 64% of organizations named as being a reason that passwordless MFA is important. ^[2]
Other reasons given for the importance of passwordless MFA include achieving digital transformation (21%) and saving costs (14%). ^[2]
In the past year, only 34% of organizations with a “forwardthinking” security culture have had an identity related breach in the past year. ^[2]
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. ^[2]
Take steps to become proactive in your security implementation, rather than reactive like that 71%. ^[2]
That’s a compound annual growth rate of 14.5 percent. ^[3]
In 2021, the industry’s worth may increase by around 15 percent, and throughout the next five years, the value of the industry could rise by more than 65 percent. ^[3]
According to a recent survey by the Center for Strategic & International Studies, more than 80 percent of employers lamented the lack of available talent and blamed the gap for direct harm to their companies. ^[3]
The number of unfilled positions has increased by 50 percent over the last five years. ^[3]
The report cited above revealed that almost 90 percent of the organizations surveyed include access management in their overall risk management strategy. ^[3]
Indeed, more than 70 percent consider security more important than operational efficiency. ^[3]
According to InformationWeek, companies spent approximately $15 billion extra per week in the early months of the pandemic to equip employees for secure remote work. ^[3]
In a study sponsored by JumpCloud, 97 percent of businesses surveyed plan to increase spending or maintain existing levels, and seventy seven percent plan to invest more. ^[3]
Several reports have suggested that at least 70 percent of companies utilize security systems that are inadequate. ^[3]
According to several identity and access management report analysis, the automated systems can also decrease a company’s expenses by more than 17 percent. ^[3]
Microsoft projects that 94 percent of organizations will use IoT in 2021. ^[3]
Numerous identity and access management reports have indicated that 52 percent of businesses may purchase products that could significantly increase efficiency. ^[3]
Recently, a survey indicated that 47 percent of entrepreneurs prefer innovative systems that could prevent data breaches. ^[3]
However, more than 57 percent of businesses do not utilize automated technology. ^[3]
Recently, a report indicated that at least 43 percent of entrepreneurs are searching for innovative systems that can improve automation. ^[3]
Of the executives Gilligan surveyed, more than 40 percent believe that at least half of their employees will continue to work at home in more normal circumstances. ^[3]
First, according to the Ping Identity 2019 Consumer Survey Trust and Accountability in the Era of Breaches and Data Misuse 81 percent of consumers would stop engaging with a brand online after a data breach. ^[4]
63 percent of consumers believe companies are responsible for protecting their data. ^[4]
Simultaneously, according to the Thycotic 2019 Global Research Report “Securityasa Service on the Rise,” 70% of enterprises shall incorporate SaaS into their infrastructure by 2021. ^[4]
Meanwhile, according to the LastPass by LogMeIn SMBs Guide to Modern Identity report 92 percent of smalltomedium sized businesses deal with identity challenges in their environments. ^[4]
Also, 95 percent of surveyed professionals say their businesses should emphasize strong password policies. ^[4]
For example, 74 percent of IT security professionals say their enterprise suffered a breach due to a compromised privileged account. ^[4]
However, Centrify also notes Forrester Research estimated 80 percent of security breaches involve privileged accounts. ^[4]
Yet 26 percent of U.S. enterprises struggle to define privileged access management. ^[4]
52 percent of enterprises don’t have a password vault. ^[4]
Additionally, 21 percent still have not implemented multifactor authentication on their superuser accounts. ^[4]
Just 48% of organizations have a password vault, and only 21% have multi factor authentication implemented for privileged administrative access. ^[5]
Privileged Access Management in the Modern Threatscape , found 74% of data breaches begin with privileged credential abuse. ^[5]
From the Identity Defined Security Alliance Identity Security A Work in Progress 94 percent of organizations suffered an identity related breach at some point. ^[6]
79 percent suffered such a breach within the past two years. ^[6]
66 percent say phishing attacks constitute the most common attack vector for identity. ^[6]
From Keeper Security 2019 Global State of Cybersecurity in Small and Medium Sized Businesses Over 50 percent of all cyberattacks target the financial industry. ^[6]
69 percent of financial SMBs suffered an attack in their organization’s lifetime. ^[6]
50 percent of financial SMBs say they don’t have a budget for strong IT security. ^[6]
47 percent lack an incident response plan. ^[6]
From the NordPass Password Habits Study 66 percent of respondents said they have too many accounts to manage. ^[6]
41 percent say they can’t remember which password belongs to each account. ^[6]
38 percent say they can’t remember the passwords because they use unique passwords for each account. ^[6]
More than 30 percent of people think that resetting and coping with passwords is hugely stressful, comparable to planning retirement. ^[6]
67 percent say losing a vital password compares to losing a job. ^[6]
From Centrify Study of Remote Working Cyber Breaches 71 percent of surveyed business decision makers confirmed their suspicions of full remote work. ^[6]
46 percent of these decision makers noted an increase in phishing attacks since embracing social distancing. ^[6]
53 percent believe their IT remote admin access is at risk of a security breach. ^[6]
From the Simeio Solutions 2020 Identity and Access Management Report 89 percent of businesses think of IAM as important to extremely important. ^[6]
23 percent of the breaches had the largest business impact, while 22 percent disrupted business activities. ^[6]
From the Keeper Security 2019 Global State of Cybersecurity in Small and Medium Sized Businesses 53 percent of healthcare organizations globally experienced a cyberattack within the past year. ^[6]
From the 1Password Study on the Challenges of Shadow IT 63 percent of surveyed enterprise professionals created at least one account without involving their IT team. ^[6]
51 percent created between two and five accounts of which the IT department doesn’t know. ^[6]
Nearly half use a pattern of similar passwords, while 37 percent shared an account with a colleague. ^[6]
Only around 14 percent use a password generator. ^[6]
72 percent of businesses plan on deploying Zero Trust in 2020. ^[6]
47 percent of professionals lack confidence in applying Zero Trust to their IT infrastructures. ^[6]
Over 40 percent of cybersecurity professionals express concern with vulnerable mobile and atrisk devices as found in bringyourown devices and Internet of Things trends. ^[6]
30 percent of businesses seek to simplify secure access delivery including enhancing user experience and optimizing administration and provisioning. ^[6]
“PAM has reduced access request time by 50 percent, cutting the bureaucracy involved. ^[7]
“We saw a 65 percent decrease in the number of low value support tickets…there is a direct cost benefit when users can take responsibility for simple requests.”. ^[7]
The firm’s research found that 61% of security decision makers plan to increase their IAM budget in 2021, with 32% expecting to increase by 5% or more. ^[8]
Fiftytwo percent of security decision makers say their firm has already implemented 2FA or passwordless authentication for employees. ^[8]
The research estimates 31% were implementing one of those in 2020 or had plans to implement in 2021. ^[8]
Recent research we conducted found that 61% of companies are deploying more cryptographic keys and digital certificates across the enterprise, while just 40% of respondents said they have an enterprise wide strategy for managing cryptography. ^[9]
Outages can be costly to remediate , can cause unknown periods of system downtime and can lead to unhappy customers. ^[9]
In the March 2021 study, ForgeRock states that 80% of IT Decision makers have adopted or expanded or plan to adopt the cloud based solutions in the next two years. ^[1]
Help protect your users from 99.9 percent of cybersecurity attacks with an identity and access management solution that provides single sign on, multifactor authentication, and conditional access. ^[10]
For starters, according to Forrester Research’s most recent Wave report on Privileged Access Management 80%of security breaches involve privileged credentials. ^[11]
And those breaches aren’t just a flash in the pan, according to Verizon’s 2017 Data Breach Investigations Report , which found that. ^[11]
82%of data breaches caused by insider misuse took over a week to detect, up from 70% in 2016. ^[11]
Those numbers are disastrous, and security professionals are taking note, according to The 2016 State of Privileged Account Management Report from Thycotic and Cybersecurity Ventures. ^[11]
80%of IT security professionals consider Privileged Account Management security a high priority. ^[11]
30%of federal government respondents to Tripwire’s survey disclosed they are not able to detect every non privileged user’s attempt to access files. ^[11]
Despite this,73%of federal government respondents assume their system would generate an alert or email within hours if a user inappropriately accessed file shares. ^[11]
But perhaps public sectors should pay more attention, because according to the Verizon’s 2016 DBIR. ^[11]
The public sector reported more security incidents thanany other industryin 2015 with privileged access misuse and non malicious events making up nearly half (46%). ^[11]
Shockingly little, according to Thycotic’s 2016 State of PAM report, which found that 66%of organizations still rely on manual methods to manageprivileged accounts. ^[11]
Just10%of organizations have implemented an automated security vendor solution. ^[11]
20%of organizations have never changed their default passwords on privileged accounts. ^[11]
30%of organizations allow accounts and passwords to be shared. ^[11]
40%of organizations use the same security for privileged accounts as standard accounts. ^[11]
70%of organizations do not require approval for creating new privileged accounts. ^[11]
50%of organizations do not audit privileged accounts. ^[11]
By 2018, Garter predicts that 50% of organizations will use authentication methods other than passwords for administrative access, up from 20% in 2015. ^[11]

I know you want to use Identity and Access Management (IAM) Software, thus we made this list of best Identity and Access Management (IAM) Software. We also wrote about how to learn Identity and Access Management (IAM) Software and how to install Identity and Access Management (IAM) Software. Recently we wrote how to uninstall Identity and Access Management (IAM) Software for newbie users. Don’t forgot to check latest Identity and Access Management (IAM) statistics of 2024.

Reference

gminsights – https://www.gminsights.com/industry-analysis/identity-and-access-management-market.
fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/identity-and-access-management-market-100373.
expertinsights – https://expertinsights.com/insights/50-identity-and-access-security-stats-you-should-know/.
identitymanagementinstitute – https://identitymanagementinstitute.org/identity-and-access-management-market-report-2021-and-beyond/.
solutionsreview – https://solutionsreview.com/identity-management/essential-2019-identity-management-statistics-for-enterprises/.
forbes – https://www.forbes.com/sites/louiscolumbus/2019/03/30/5-things-every-executive-needs-to-know-about-identity-and-access-management/.
solutionsreview – https://solutionsreview.com/identity-management/by-the-numbers-enterprise-identity-security-2020/.
microfocus – https://www.microfocus.com/en-us/cyberres/identity-access-management.
venturebeat – https://venturebeat.com/2021/08/13/7-biggest-trends-defining-identity-access-management-in-2021/.
forbes – https://www.forbes.com/sites/forbestechcouncil/2021/07/02/five-ways-machine-identities-are-changing-enterprise-identity-and-access-management-strategy/.
microsoft – https://www.microsoft.com/en-us/security/business/identity-access-management.
solutionsreview – https://solutionsreview.com/identity-management/privileged-account-management-by-the-numbers/.

How Useful is Identity and Access Management

Identity and Access Management (IAM) is one such security practice that has gained prominence in recent years. IAM refers to the process of managing digital identities and controlling access to resources within an organization. It involves the authentication, authorization, and administration of user identities and plays a vital role in safeguarding digital assets.

One of the key benefits of IAM is the ability to streamline access control processes within an organization. By centralizing user identities and providing a single point of access for resources, IAM helps improve efficiency and productivity. With IAM in place, users can easily and securely access the resources they need to do their jobs without having to navigate multiple logins and passwords.

IAM also enhances security by implementing strict access controls and enforcing compliance regulations. By verifying the identities of users and granting access based on predefined roles and permissions, organizations can mitigate the risk of unauthorized access and data breaches. IAM solutions often include features such as multi-factor authentication, single sign-on, and password management tools to strengthen security measures further.

Moreover, IAM can improve user experience by simplifying access to resources and reducing the friction associated with cumbersome authentication processes. With the use of single sign-on capabilities, users can access multiple applications with a single set of credentials, eliminating the need to remember multiple passwords. This not only saves time but also enhances user satisfaction and overall productivity.

In addition to improving security and user experience, IAM can also provide valuable insights into user behavior and access patterns. By monitoring and analyzing access logs and user activity, organizations can identify suspicious behavior or potential security threats in real-time. This proactive approach to security allows organizations to respond swiftly to emerging threats and prevent potential data breaches.

While IAM offers numerous benefits, it is not without its challenges. Implementing and managing IAM solutions require significant resources and expertise, making it a daunting task for many organizations. Moreover, navigating the complex regulatory landscape surrounding data privacy and security adds another layer of complexity to IAM initiatives.

Despite these challenges, the value of IAM cannot be understated in today’s interconnected world. As organizations continue to digitize their operations and store vast amounts of sensitive information online, implementing robust IAM practices is essential to safeguarding data and preserving trust with customers and stakeholders.

In conclusion, IAM is a valuable tool for enhancing security, streamlining access control processes, and improving user experience within organizations. While challenges exist, the benefits of IAM far outweigh the costs, making it a crucial component of a comprehensive cybersecurity strategy. As technology continues to evolve, organizations must prioritize IAM to protect their digital assets and maintain a secure and compliant environment.

In Conclusion

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Identity and Access Management (IAM) Statistics 2024 – Everything You Need to Know