Identity and Access Management (IAM) [A part of Cyber Security] market is estimated to grow from USD 8.1 billion in 2016 to USD 14.8 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 12.9% between 2016 and 2021.

The major factors that are expected to be driving the IAM market are the growing emphasis on compliance management and increasing trend of mobility have driven the demand for IAM solutions in various sectors. Employees can use their devices from different locations these days. Moreover, the Bring Your Own Device (BYOD) approach is increasing the usage of mobile applications. Changing scenarios and distributed IT environments have made organizations susceptible to cyber threats, thereby fueling the demand for IAM solutions.