Market Forecast By Component (Solutions, Services), By Solution (Data Directory, Identity Lifecycle Management), By Deployment Mode (Cloud, On-premises), By Organization Size (SMEs, Large Enterprises), By Vertical (BFSI, Travel and Hospitality, Healthcare, Retail and eCommerce, IT and ITeS, Education, Others (Energy and Utilities, Telecommunication, Other Citizen Services)) And Competitive Landscape
Product Code: ETC4386576 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 3 |
Report Name | Australia Identity And Access Management Market |
Forecast period | 2025-2031 |
CAGR | 3.1% |
Growing Sector | BFSI |
Australia Identity and Access Management Market report thoroughly covers the market by component, solution, deployment mode, organisation size and vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Identity and Access Management Market is in a state of dynamic evolution, driven by the digitalization of the economy and the need for more robust security frameworks. It exhibits a vibrant mix of global leaders and local innovators, each contributing unique strengths to the IAM arena. Australian businesses and government entities are increasingly recognizing IAM as a foundational element of digital security, leading to expanded adoption and investment. The market's trajectory is further influenced by regulatory requirements and a strong emphasis on protecting individual privacy, positioning Australia as a significant player in the global IAM landscape. With technological advancements such as blockchain and biometrics on the rise, the Australia IAM market is set to continue its growth trajectory, enhancing security and user experience in the digital age.
According to 6Wresearch, the Australia Identity and Access Management Market size is projected to grow at the CAGR of 3.1% during the forecast period of 2025-2031. There are various factors driving the growth of the IAM market in Australia. One of the key drivers is the increasing adoption of cloud-based services, which has led to a rise in demand for efficient and secure IAM solutions. With more organizations leveraging cloud computing for their business operations, there is a growing need for robust IAM systems that can manage user identities across multiple cloud platforms. Another major driver is the rise of digital transformation initiatives in Australia. As organizations strive to digitize their operations, they are faced with the challenge of managing identities and access for a growing number of digital users, devices, and applications. IAM solutions help organizations streamline this process by providing centralized identity management, access control, and user authentication. While there are numerous benefits to implementing an IAM system, there are also challenges that organizations face. One of the main challenges is managing user identities and access across different environments, such as on-premises and cloud-based systems. This can lead to a fragmented IAM approach, making it difficult for organizations to ensure consistency and security across all their systems. Another challenge is the complexity of IAM solutions, which can be overwhelming for organizations without dedicated IAM expertise. Implementation and management of these solutions require specialized skills, which may not be readily available in every organization and these factors have affected Australia Identity and Access Management Market Growth.
The Australian government has implemented strict regulations to ensure the protection of personal data and privacy. The Notifiable Data Breaches (NDB) scheme requires organizations to report any significant data breaches that pose a risk of harm to affected individuals. Failure to comply with these regulations can result in fines and reputational damage for organizations. IAM solutions play a critical role in helping organizations comply with these regulations by providing robust identity and access management capabilities. By implementing IAM systems, organizations can maintain better control over user identities, reduce the risk of data breaches, and demonstrate compliance with government regulations.
The Australia Identity and Access Management Industry is characterized by the presence of both global giants and innovative local players. Companies such as IBM, Microsoft, and Oracle lead the way with comprehensive IAM suites, offering advanced features like AI-based threat detection and predictive analytics. On the home front, Australian firms like First Point Global and UNIFY Solutions have made significant strides, specializing in bespoke IAM solutions tailored to specific industry needs and regulatory requirements.
The Identity and Access Management Market In Australia is poised for continued growth and innovation. The increasing adoption of cloud services, coupled with the Australian Government's commitment to digital transformation, lays a fertile ground for IAM advancements. Future trends likely to shape the Australian IAM landscape include greater integration of blockchain technology for enhanced security and privacy, further adoption of biometric authentication methods, and the continued shift towards zero-trust architecture. These developments will not only enhance security protocols but also offer more seamless and user-friendly access to digital resources, reinforcing Australia's position as a leader in digital identity and access management.
The large enterprises segment is expected to experience significant growth in the Australia IAM market, driven by the increasing need for advanced security measures and compliance with regulatory requirements.
According to Dhaval, Research Manager, 6Wresearch, the BFSI (Banking, Financial Services and Insurance) segment is expected to dominate the Australia IAM market in the coming years. This can be attributed to the high volume and sensitivity of financial data that requires strict access controls for security purposes. Moreover, with the rise of digital banking and online transactions, there is a growing need for secure identity verification and access management solutions in the BFSI sector.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Identity and Access Management Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Identity and Access Management Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Identity and Access Management Market - Industry Life Cycle |
3.4 Australia Identity and Access Management Market - Porter's Five Forces |
3.5 Australia Identity and Access Management Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Australia Identity and Access Management Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Australia Identity and Access Management Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 Australia Identity and Access Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Australia Identity and Access Management Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Australia Identity and Access Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Identity and Access Management Market Trends |
6 Australia Identity and Access Management Market, By Types |
6.1 Australia Identity and Access Management Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Australia Identity and Access Management Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Australia Identity and Access Management Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 Australia Identity and Access Management Market Revenues & Volume, By Services, 2021-2031F |
6.2 Australia Identity and Access Management Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Australia Identity and Access Management Market Revenues & Volume, By Data Directory, 2021-2031F |
6.2.3 Australia Identity and Access Management Market Revenues & Volume, By Identity Lifecycle Management, 2021-2031F |
6.3 Australia Identity and Access Management Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 Australia Identity and Access Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.3.3 Australia Identity and Access Management Market Revenues & Volume, By On-premises, 2021-2031F |
6.4 Australia Identity and Access Management Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Australia Identity and Access Management Market Revenues & Volume, By SMEs, 2021-2031F |
6.4.3 Australia Identity and Access Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5 Australia Identity and Access Management Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Australia Identity and Access Management Market Revenues & Volume, By BFSI, 2021-2031F |
6.5.3 Australia Identity and Access Management Market Revenues & Volume, By Travel and Hospitality, 2021-2031F |
6.5.4 Australia Identity and Access Management Market Revenues & Volume, By Healthcare, 2021-2031F |
6.5.5 Australia Identity and Access Management Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.5.6 Australia Identity and Access Management Market Revenues & Volume, By IT and ITeS, 2021-2031F |
6.5.7 Australia Identity and Access Management Market Revenues & Volume, By Education, 2021-2031F |
7 Australia Identity and Access Management Market Import-Export Trade Statistics |
7.1 Australia Identity and Access Management Market Export to Major Countries |
7.2 Australia Identity and Access Management Market Imports from Major Countries |
8 Australia Identity and Access Management Market Key Performance Indicators |
9 Australia Identity and Access Management Market - Opportunity Assessment |
9.1 Australia Identity and Access Management Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Australia Identity and Access Management Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Australia Identity and Access Management Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 Australia Identity and Access Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Australia Identity and Access Management Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Australia Identity and Access Management Market - Competitive Landscape |
10.1 Australia Identity and Access Management Market Revenue Share, By Companies, 2024 |
10.2 Australia Identity and Access Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |