The Latin America, Middle East and Africa Identity and Access Management Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Identity and Access Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $889.1 million by 2031. The Argentina market is registering a CAGR of 16.3% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 13.6% during (2024 - 2031).
The rise of insider threats from employees, contractors, and partners has increased the demand for IAM solutions to manage and control access securely. The "least privilege" principle is enforced by IAM systems, which ensure that users are granted only the minimal amount of access required to perform their duties, thereby restricting their capacity to misuse data.
Moreover, a financial institution can restrict an entry-level employee in accounting from viewing executive-level financial records. If an employee’s role changes, IAM solutions automatically update access permissions, preventing inappropriate access. Additionally, IAM solutions use machine learning to detect abnormal behaviors, like an employee accessing files at odd hours or a contractor trying to access patient records outside of their project. Such capabilities allow organizations to flag suspicious activity and respond before it escalates into a larger issue.
Governments in these regions are increasingly focused on data protection and cybersecurity, implementing policies that encourage IAM adoption across industries. In the United Arab Emirates (UAE), the growing demand for IAM solutions is closely tied to the nation’s ambitious manufacturing goals. With a vision to expand the manufacturing sector by 30% and increase GDP by $6.8 billion by 2031, the UAE is rapidly embracing digital and Industry 4.0 technologies, including IoT, robotics, and artificial intelligence. This modernization drive necessitates strong IAM systems to secure access to advanced manufacturing processes and protect proprietary data. The UAE government has introduced cybersecurity strategies, such as the National Cybersecurity Strategy, which aims to safeguard critical infrastructure and foster a secure digital economy. By implementing IAM solutions, UAE manufacturers can control access to sensitive industrial systems and protect intellectual property, supporting security and innovation in their journey toward economic growth.
Free Valuable Insights: The Worldwide Identity and Access Management Market is Projected to reach USD 42.9 Billion by 2031, at a CAGR of 12.2%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment, the market is segmented into On-premise, Hybrid, and Cloud. Based on Component, the market is segmented into Provisioning, Multifactor Authentication (MFA), Audit, Compliance & Governance, Password Management, Single Sign-On (SSO), and Directory Service. Based on End-use, the market is segmented into Public Sector & Utilities, BFSI, Telecom & IT, Manufacturing, Healthcare, Education, Energy, Oil & Gas, and Other End-use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Organization Size
By Deployment
By Component
By End-use
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 