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Identity Security Posture Management (ISPM) Market worth $33.1 billion by 2029- Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

10 Jul, 2024, 14:15 GMT

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CHICAGO, July 10, 2024 /PRNewswire/ -- 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, according to a new report by MarketsandMarkets™. The key driver of ISPM is the growing complexity and interconnectedness of digital ecosystems. Trends such as the proliferation of IoT devices, the convergence of IT, and the increasing use of third-party vendors and partners create expanded attack surfaces and identity management challenges.

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Browse in-depth TOC on "Identity Security Posture Management (ISPM) Market"

287 – Tables
52 - Figures
288 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=58967384

Scope of the Report

Report Metrics

Details

Market size available for years

2022-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion) 

Segments Covered

Offering Deployment Mode, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Companies covered

Major vendors in the ISPM Market include 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), 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), Mesh Security (US), Rezonate (US), and Sharelock (Italy).

ISPM solutions enable organizations to unify and streamline identity governance across diverse environments, providing granular access controls, continuous monitoring, and automated responses to security incidents. By addressing these complexities, ISPM solutions bolster resilience against cyber threats, enhance compliance with industry regulations, and safeguard critical assets in today's interconnected digital landscape.

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Based on the offering, the solutions segment accounts for the highest market size during the forecast period.

The adoption of ISPM solutions is driven by the increasing recognition of identity-related vulnerabilities as the weakest link in cybersecurity. Also, the adoption is driven by integrating AI and machine learning for proactive threat detection, the rise of remote work and BYOD policies, and the complexity of managing identities across hybrid IT environments, which underscore the need for robust ISPM solutions. These technologies enable organizations to achieve comprehensive visibility, enforce least privilege access, and automate identity governance, strengthening overall security posture and resilience against evolving cyber threats.

By deployment mode, the cloud segment will grow at the highest CAGR during the forecasted period.

The adoption of ISPM in cloud deployment mode is driven by the rapid migration of enterprise workloads to cloud environments, facilitated by trends such as digital transformation, remote workforces, and the scalability of cloud services. Organizations increasingly leverage ISPM cloud solutions to manage identities centrally and access across dispersed IT infrastructures, ensuring consistency, agility, and enhanced security. This approach allows for seamless integration with cloud-native identity services, robust API-based controls, and real-time monitoring capabilities, enabling businesses to mitigate risks effectively, comply with regulatory requirements, and optimize operational efficiencies in the evolving digital landscape.

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By region, Asia Pacific will grow at the highest CAGR during the forecast period.

The Asia Pacific region comprises countries such as China, India, Australia, and Japan, leading in the ISPM Market. Asia Pacific region is expected to register high growth rates in the ISPM Market. China is the leading country in this market, with extensive adoption of ISPM technology in various sectors, including BFSI, government, and healthcare. Other countries in the region, such as Japan, are also witnessing growth in the ISPM Market. The rapid digitalization of economies drives the ISPM growth, the increasing sophistication of cyber threats targeting businesses and government agencies, and the growing regulatory scrutiny around data protection and privacy laws. Also, there is a rising number of emerging startups in the region in the ISPM space.

Top Key Companies in Identity Security Posture Management (ISPM) Market:

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), 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), Mesh Security (US), Rezonate (US), and Sharelock (Italy) are the key players and other players in the ISPM Market.

Browse Adjacent Market: Information Security Market Research Reports & Consulting

Browse Other Reports:

Application Security Market- Global Forecast to 2029

Secure Multiparty Computation Market - Global Forecast to 2029

Perimeter Security Market- Global Forecast to 2029

Managed Security Services Market- Global Forecast to 2028

Privileged Access Management Market- Global Forecast to 2028

Get access to the latest updates on Identity Security Posture Management (ISPM) Companies and Identity Security Posture Management (ISPM) Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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