Global Personal Identity Management Market was valued at USD 1.07 Billion in 2022 and is projected to reach USD 2.53 Billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030.
The Personal Identity Management (PIM) market is experiencing significant growth, driven by the increasing need for secure and efficient management of personal information in the digital age. As organizations and individuals become more reliant on digital platforms, the demand for robust identity management solutions has surged. In 2024, the global PIM market was valued at approximately USD 22.2 billion and is projected to reach USD 63.6 billion by 2033, reflecting a compound annual growth rate (CAGR) of 11.82% during this period. citeturn0search1
Several factors contribute to this upward trend. The proliferation of cyber threats has heightened the necessity for advanced security measures to protect personal data. Additionally, the rapid adoption of cloud computing and the Internet of Things (IoT) has expanded the digital landscape, necessitating sophisticated identity management solutions to ensure secure access across various platforms and devices. The integration of technologies such as artificial intelligence (AI) and blockchain into PIM systems further enhances their capabilities, offering more secure and efficient management of personal identities. citeturn0search4
Key players in the PIM market include International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, and Okta, Inc., among others. These companies are at the forefront of developing and implementing innovative identity management solutions to meet the evolving needs of businesses and consumers. Their contributions are instrumental in shaping the future of personal identity management. citeturn0search1
In summary, the Personal Identity Management market is poised for substantial growth, driven by technological advancements and the increasing importance of data security in the digital era. Organizations and individuals alike are recognizing the critical need for effective identity management solutions to safeguard personal information and maintain trust in digital interactions.
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IBM Corporation
VMware
CA Technologies
Microsoft
Oracle
OneLogin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Personal Identity Management Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Personal Identity Management market share In 2023.
On-Premises
Cloud
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Personal Identity Management Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Personal Identity Management Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Personal Identity Management Market, By Type
6. Global Personal Identity Management Market, By Application
7. Global Personal Identity Management Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Personal Identity Management Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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