Identity Security Posture Management (ISPM) Market Size, Share, Growth Analysis, By Offering (Solutions, Services), Deployment Mode (On-premises, Cloud), Organization Size, Vertical and Region - Global Industry Forecast to 2029
[276 Pages Report] The identity security posture management (ISPM) market size is projected to grow from USD 13.7 billion in 2024 to USD 33.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. The critical driver of ISPM is the proliferation of mobile devices, and digital payment methods have created new opportunities for identity-based threats. Organizations are increasingly adopting comprehensive identity security solutions to adapt to the changing landscape of mobile and digital transactions.
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ISPM MARKET DYNAMICS
Driver: Increasing frequency of identity-based attacks
Identity-based attacks exploit compromised user credentials to gain unauthorized access to resources, differing from malware attacks using legitimate authentication processes without malicious code. These attacks can involve credential compromise and privilege escalation, targeting human and non-human identities. Organizations must implement strong security measures like multi-factor authentication, employee education, and account monitoring to mitigate risks as these attacks grow in sophistication and scale. Proactive identity security measures are essential to minimize the impact of these threats. Various identity attacks include credential stuffing, password spraying, phishing, social engineering, adversary-in-the-middle (AiTM), kerberoasting, and silver and golden tickets. Recently, Enterprise Strategy Group (ESG by TechTarget) surveyed IT, cybersecurity, and application development professionals in North America who are responsible for or involved with identity security technology and processes. According to the ESG survey, 86% of respondents experienced multiple accounts or credential compromises the previous year.
Restraint: Privacy concerns in ISPM adoption
Extensive monitoring of identities, which is essential for detecting and preventing security threats, can lead to apprehensions among employees and stakeholders regarding their personal information and activities being monitored. It can create resistance to adopting robust identity security measures within organizations, as individuals may fear intrusion into their privacy or data misuse. Balancing the need for stringent security measures with respecting individual privacy rights becomes a critical challenge, requiring organizations to implement transparent policies, secure data handling practices, and clear communication to mitigate privacy concerns while ensuring adequate security measures are in place.
Opportunity: Advancements in AI and ML technologies
The adoption of ISPM solutions is significantly driven by advancements in artificial intelligence (AI) and machine learning (ML) technologies. These cutting-edge technologies enhance ISPM capabilities by enabling more sophisticated anomaly detection, predictive analytics, and automated responses to potential threats. AI and ML can quickly analyze vast amounts of data to identify patterns and deviations that may indicate security vulnerabilities or breaches, thus allowing for proactive and precise threat mitigation. This results in a more robust, adaptive, and intelligent security posture that can effectively respond to the evolving landscape of cyber threats.
Challenge: Integration with Legacy Systems
A challenge in adopting ISPM solutions is the integration with legacy systems. Many organizations rely on outdated, complex IT infrastructures not designed to support modern identity management technologies. Integrating ISPM solutions with these legacy systems can be technically challenging and resource-intensive, often requiring significant modifications or complete overhauls of existing processes. It will demand substantial investment in time and money and necessitate a workforce skilled in old and new technologies to ensure a seamless transition and ongoing management.
ISPM Market Ecosystem
By vertical, Healthcare & Life Sciences is expected to grow at the highest CAGR during the forecast period.
ISPM solutions are gaining traction within the Healthcare & Life Sciences vertical, driven by the increasing digitization of patient records and medical data and stringent regulatory requirements such as HIPAA and GDPR. Ongoing trends, such as the rise of telemedicine, the integration of IoT devices, and the growing reliance on cloud-based services, further exacerbate the need for robust identity security. ISPM solutions address these needs by continuously monitoring and automating identity and access control management, ensuring data integrity, compliance, and protection against sophisticated cyber threats targeting sensitive health information.
By organization size, the SME segment is expected to grow at the highest CAGR during the forecast period.
SMEs' adoption of ISPM solutions is driven by the increasing frequency and sophistication of cyber attacks targeting smaller businesses, which often lack robust security measures. Trends such as the growing reliance on remote work, cloud services, and digital transactions amplify the need for adequate identity security. ISPM solutions provide SMEs with affordable, scalable, and automated tools to monitor and manage identity risks, ensuring data protection, regulatory compliance, and business continuity without requiring extensive in-house cybersecurity expertise.
By region, North America accounts for the highest market size during the forecast period.
North America will lead the ISPM market during the forecast period. The US and Canada are expected to contribute substantially to the North American market. The presence of key players such as Cisco, Microsoft, Oracle, and Ping Identity makes it a leading region in the ISPM market. The increasing implementation of cloud-based, growing identity frauds, and other cyber threats contribute to the region's ISPM market growth.
Key Players
The key players in the ISPM market are Microsoft (US), Cisco (US), Oracle (US), Palo Alto Networks (US), Check Point (US), Okta (US), CrowdStrike (US), Trend Micro (Japan), CyberArk (US), Ping Identity (US), SailPoint (US), BeyondTrust (US), ManageEngine (US).
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Report Metrics |
Details |
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Market size available for years |
2022-2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million/USD Billion) |
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Segments Covered |
Offering, Deployment Mode, Organization Size, Vertical, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa and Latin America |
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Companies covered |
Major vendors in the ISPM market include Microsoft (US), Cisco (US), Oracle (US), Palo Alto Networks (US), CrowdStrike (US), Check Point (US), Okta (US), Trend Micro (Japan), CyberArk (US), Ping Identity (US), SailPoint (US), BeyondTrust (US), ManageEngine (US), Mesh Security (US), Delinea (US), Silverfort (Israel), Veza (US), One Identity (US), Radiant Logic (US), PlainID (Israel), Zilla Security (US), Adaptive Shield (Israel), AuthMind (US), Grip Security (Israel), Rezonate (US), and Sharelock (Italy). |
The study categorizes the ISPM market into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
By Offering:
- Solutions
- Identity and Access Management (IAM) Integration
- Privileged Access Management (PAM) Integration
- Identity Analytics and Risk Intelligence
- Services
- Professional
- Managed
By Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By Deployment Mode:
- On-Premises
- Cloud
By Vertical:
- Banking, Financial Services, and Insurance (BFSI)
- Retail & eCommerce
- Government & Defense
- Gaming & Gambling
- IT & ITeS
- Telecom
- Energy & Utilities
- Education
- Healthcare & Life Sciences
- Other Verticals
By Region:
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North America
- US
- Canada
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Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
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Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
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Middle East and Africa
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Middle East
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GCC
- UAE
- KSA
- Rest of GCC
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GCC
- South Africa
- Rest of the Middle East & Africa
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Middle East
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments
- In May 2024, Palo Alto Networks and IBM forged a broad-reaching partnership to deliver AI-powered security solutions for customers. IBM planned to intensify innovation and investment in data security, identity, and access management for hybrid cloud and AI. The partnership was expected to enhance security operations, threat management, and DevSecOps capabilities.
- In February 2024, Microsoft collaborated with SAP to develop a solution to enable customers to migrate their identity management scenarios from SAP Identity Management (SAP IDM) to Microsoft Entra ID.
- In August 2023, Cisco acquired Oort. The Oort team's experience and technical capabilities were expected to help accelerate Cisco's path to delivering Identity Threat Detection and Response (ITDR) capabilities into its Extended Detection and Response (XDR) and Identity and Access Management solutions.
Frequently Asked Questions (FAQ):
What are the opportunities in the ISPM market?
ISPM opportunities are expanding as technology advances and data analytics become more sophisticated. With the proliferation of digital transactions and online interactions, there's a growing need for innovative solutions to combat fraudulent activities across various industries. From machine learning algorithms that can identify suspicious patterns in financial transactions to biometric authentication methods for securing sensitive information, the landscape of ISPM is ripe for innovation.
What is the definition of the ISPM market?
Securing an organization's digital identities by managing identities and access rights across its IT systems and applications. This practice utilizes processes, technologies, and policies to comprehensively view an identity's risk profile and determine actions to mitigate that risk. ISPM is independent of specific devices and networks, encompassing identities within and beyond the enterprise perimeter.
Which region is expected to show the highest market share in ISPM?
North America is expected to account for the largest market share during the forecast period.
Which are the prominent market players covered in the report?
Major vendors in the ISPM market include Microsoft (US), Cisco (US), Oracle (US), Palo Alto Networks (US), CrowdStrike (US), Check Point (US), Okta (US), Trend Micro (Japan), CyberArk (US), Ping Identity (US), SailPoint (US), BeyondTrust (US), ManageEngine (US), Mesh Security (US), Delinea (US), Silverfort (Israel), Veza (US), One Identity (US), Radiant Logic (US), PlainID (Israel), Zilla Security (US), Adaptive Shield (Israel), AuthMind (US), Grip Security (Israel), Rezonate (US), and Sharelock (Italy).
What is the current size of the ISPM market?
The ISPM market size is projected to grow from USD 13.7 billion in 2024 to USD 33.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. .
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This research study used extensive secondary sources, directories, and databases, such as D&B Hoovers and Bloomberg BusinessWeek, to identify and collect information useful for this technical, market-oriented, and commercial study of the global ISPM market. The primary sources were mainly several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to this industry's value chain segments. In-depth interviews were conducted with primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess prospects.
Secondary Research
In the secondary research process, various secondary sources were referred to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of ISPM solution vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from the supply and demand sides of the ISPM market were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives of various vendors providing ISPM solutions and services, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
After the complete market engineering process (including calculations for market statistics, market breakups, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. The primary research helped identify and validate the segmentation types, industry trends, key players, a competitive landscape of ISPM solutions and services offered by several market vendors, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.
In the complete market engineering process, the bottom-up and top-down approaches and several data triangulation methods were extensively used to estimate and forecast the overall market segments and subsegments listed in this report. An extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
Following is the breakup of the primary study:
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Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the ISPM market and the size of various other dependent sub-segments in the overall ISPM market. The research methodology used to estimate the market size includes the following details: critical players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.
All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets.
INFOGRAPHIC DEPICTING BOTTOM-UP AND TOP-DOWN APPROACHES
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Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
MarketsandMarkets defines ISPM as securing an organization's digital identities by managing identities and access rights across its IT systems and applications. This practice utilizes processes, technologies, and policies to comprehensively view an identity's risk profile and determine actions to mitigate that risk. ISPM is independent of specific devices and networks, encompassing identities within and beyond the enterprise perimeter.
Key Stakeholders
- Government Bodies and Public Safety Agencies
- Project Managers
- Developers
- Business Analysts
- Quality Assurance (QA)/Test Engineers
- Providers of ISPM Solutions and Services
- Consulting Firms
- Third-party Vendors
- Investors and Venture Capitalists
- Technology Providers
Report Objectives
- To describe and forecast the ISPM market by offering, deployment mode, organization size, vertical, and region from 2024 to 2029, and analyze the various macroeconomic and microeconomic factors that affect market growth
- To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
- To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the major players
- To profile the key market players; provide a comparative analysis based on the business overviews, regional presence, product offerings, business strategies, and critical financials; and illustrate the market's competitive landscape.
- To track and analyze the competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and research development (R&D) activities, in the market
Customization Options
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Geographic analysis
- Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
- Further breakup of the North American market into countries contributing 100% to the regional market size
- Further breakup of the Latin American market into countries contributing 75% to the regional market size
- Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
- Further breakup of the European market into countries contributing 75% to the regional market size
Company information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Identity Security Posture Management (ISPM) Market