Find stats on top websites
Industry Landscape
The Identity and Access Management (IAM) industry is undergoing rapid evolution, driven by increasing cyber threats, complex regulatory environments (like FIDA), and the demand for seamless, secure digital experiences. Cloud adoption, AI integration, and the need for granular access control across distributed systems are key trends shaping its growth.
Total Assets Under Management (AUM)
Market Size in United States
~US$35.1 billion (2024)
(13.6% CAGR)
- Driven by increasing cyber threats and regulatory compliance needs.
- Accelerated by cloud adoption and digital transformation initiatives.
- Growth in demand for advanced authentication and authorization solutions.
Total Addressable Market
US$35.1 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Decentralized Identity (DID)
Decentralized Identity leverages blockchain technology to give individuals greater control over their digital identities, reducing reliance on central authorities and enhancing privacy.
Homomorphic Encryption
Homomorphic Encryption allows computation on encrypted data without decrypting it first, offering significant advancements in data privacy for cloud and AI processing.
AI in Identity Verification
The integration of AI and machine learning in identity verification enhances fraud detection, improves accuracy, and accelerates the onboarding process through advanced biometric and behavioral analysis.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA, Proposed)
The ADPPA (proposed, 2022) aims to create a comprehensive federal data privacy law in the US, establishing individual data rights and imposing obligations on companies regarding data collection, use, and sharing.
This policy will mandate stricter data governance and consent mechanisms, requiring businesses like IndyKite to ensure their platforms facilitate compliance for clients handling sensitive data.
National Institute of Standards and Technology (NIST) AI Risk Management Framework (AI RMF 1.0, 2023)
NIST AI RMF 1.0 (2023) provides a voluntary framework for organizations to manage risks associated with artificial intelligence, focusing on trustworthy AI development and deployment.
This framework directly impacts IndyKite's 'Secure your AI' and 'AI Control Suite' offerings, requiring them to demonstrate adherence to ethical and risk management principles for AI integration in IAM solutions.
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)
CIRCIA (2022) mandates critical infrastructure entities to report significant cyber incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) within specific timeframes.
This act increases the reporting burden and emphasizes the need for robust IAM and security solutions to detect and respond to incidents, directly benefiting IndyKite's fraud prevention and security features for its clients in critical sectors.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
