🚀 acceleratinghigh confidence2-3 yearsSecurity & Compliance

Identity & Access Management

IAM market exceeds $50B. Gartner: 90%+ of MFA via FIDO by 2027. Passwordless becoming enterprise baseline.

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Growth Overview

15.1%

CAGR

+15.1%

YoY Growth

+55%

Search Growth

$77.9B

by 2034

12-Month Trend

Growth Rate

0%25%50%

Market Size Projection

$50B

Current (2025)

$77.9B

by 2034

Overview

Platforms for authentication, authorization, and identity governance. The IAM market exceeded $50B in 2026, with the cloud IAM segment growing at 22.7% CAGR. Gartner projects 90%+ of MFA transactions will use FIDO Authentication by 2027. Passwordless authentication is becoming the enterprise baseline for workforce access in 2026, with passkey adoption tripling in banking. Identity is the 2026 battleground as AI erases traditional trust signals. "Agent Identity" emerged as a critical sub-category for authenticating AI agents.

What's Driving This Growth?

▸Passkey adoption 3x in banking (12.4% of digital banking, up from 4.2% in March 2025)
▸Zero-trust architecture requiring identity verification at every layer
▸"Agent Identity" for AI agent authentication emerging as critical new IAM sub-category
▸48% of top 100 websites now offer passkeys; 87% of businesses deploying passkeys

Market Signals

✓Gartner: 90%+ of MFA transactions will use FIDO Authentication by 2027; passwordless becoming enterprise baseline in 2026
✓Clerk raised $50M Series C (Menlo + Anthropic) for AI agent identity; WorkOS raised $100M at $2B for enterprise SSO
✓Identity as 2026 battleground: AI erases trust signals, driving demand for phishing-resistant passkeys in regulated industries