Research Note: Identity Security Market

Written By Gideon Gartner

The Identity Security market, valued at $13.6B in 2023 with projected CAGR of 32% through 2026, encompasses solutions that secure digital identities across workforce, customer, and privileged access scenarios in hybrid enterprise environments. The market segments into core Identity and Access Management (IAM), Privileged Access Management (PAM), Identity Governance and Administration (IGA), and Customer Identity and Access Management (CIAM), with leading vendors increasingly converging these capabilities into unified platforms. Enterprise adoption is driven by digital transformation initiatives, zero trust security mandates, and regulatory compliance requirements, with organizations spending an average of $2.5M annually on identity security solutions. Cloud transformation and remote work acceleration have expanded the scope of identity security to include advanced authentication methods, AI-driven risk analytics, and automated lifecycle management, processing over 100 billion identity events daily across global enterprises. The market landscape continues to evolve through strategic acquisitions and technological convergence, with vendors competing on platform unification, deployment flexibility, and advanced security capabilities, while enterprises prioritize vendors offering comprehensive identity security portfolios that demonstrate clear ROI and operational efficiency gains.

Key Identity Security Vendors

Market Leaders: Microsoft, Okta, SailPoint, CyberArk, Ping Identity (ForgeRock), IBM Security


Strong Challengers: OneLogin (One Identity), BeyondTrust, Thycotic, Saviynt, Delinea, ForgeRock


Emerging Players: JumpCloud, SecureAuth, Transmit Security, Optimal IdM, Avatier, Identity Automation


Legacy Providers: Oracle, OpenText (Micro Focus), RSA Security, CA Technologies (Broadcom), Dell Technologies


Cloud Specialists: Auth0 (Okta), OneLogin, Duo Security (Cisco), LastPass, FusionAuth


Note: Recent market consolidation has significantly impacted vendor positioning, with notable acquisitions including:

  • Okta acquiring Auth0 ($6.5B)

  • Thoma Bravo acquiring SailPoint ($6.9B)

  • Ping Identity merging with ForgeRock ($2.8B)

  • One Identity acquiring OneLogin ($817M)

  • OpenText acquiring Micro Focus ($2.3B)

  • Imprivata acquiring SecureLink ($225M)

Gideon Gartner https://GartnorGroup.com
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