Identity Security Posture Management (ISPM) Market

The identity security posture management (ISPM) market size is projected to grow from USD 13.7 billion in 2024 to USD 33.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. The growth of the ISPM market is fueled by the shift to cloud services, expanding the potential for identity-based attacks and boosting the demand for secure identity management in cloud environments.

The growing complexity of cyber threats demands a comprehensive approach to identity security. As hackers use increasingly sophisticated methods to exploit identity weaknesses, enterprises must actively maintain and enhance their security measures to safeguard against breaches and unauthorized entry, driving the adoption of ISPM solutions.

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ISPM Market Definition:

Securing an organization's digital identities by managing identities and access rights across its IT systems and applications. This practice utilizes processes, technologies, and policies to comprehensively view an identity's risk profile and determine actions to mitigate that risk. ISPM is independent of specific devices and networks, encompassing identities within and beyond the enterprise perimeter.

Competitive overview:

The ISPM market is led by some of the globally established players, such as Microsoft (US), Cisco (US), Oracle (US), Palo Alto Networks (US), CrowdStrike (US), Check Point (US), Okta (US), Trend Micro (Japan), CyberArk (US), Ping Identity (US), SailPoint (US), BeyondTrust (US), ManageEngine (US), Mesh Security (US), Delinea (US), Silverfort (Israel), Veza (US), One Identity (US), Radiant Logic (US), PlainID (Israel), Zilla Security (US), Adaptive Shield (Israel), AuthMind (US), Grip Security (Israel), Rezonate (US), and Sharelock (Italy). Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players use to increase their market presence.

CrowdStrike (US) is a leading cybersecurity company that protects endpoints, cloud workloads, identity, and data to stay ahead of current threats and prevent breaches. The company's main product, Falcon, utilizes artificial intelligence and machine learning to identify and stop cyber threats. The platform comprises EDR technology, threat-hunting abilities, and extensive threat intelligence. Furthermore, CrowdStrike provides an Identity Security and Protection Management (ISPM) module, which offers immediate visibility, detection, and defense against identity-focused attacks.

Cisco (US) is a global networking and IT infrastructure leader renowned for its innovative connectivity, cybersecurity, and collaboration solutions. The company's comprehensive portfolio includes networking hardware, software, and services that support enterprises in their digital transformation journeys. Its Cisco is committed to driving technological advancements and providing robust security measures to protect digital assets. In August 2023, Cisco acquired Oort, a cybersecurity firm specializing in identity threat detection and response. This acquisition aims to enhance Cisco's security offerings by integrating Oort's advanced identity security capabilities, enabling more effective protection against identity-based threats and reinforcing Cisco's position as a leader in the cybersecurity industry. The company has a global presence in North America, Europe, Middle East & Africa, Asia Pacific, and Latin America.

According to MnM's approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with ISPM solutions and professional services, which would assist businesses in boosting market revenue.

Related Reports:

Identity Security Posture Management (ISPM) Market Size, Share, Growth Analysis, By Offering (Solutions, Services), Deployment Mode (On-premises, Cloud), Organization Size, Vertical and Region - Global Industry Forecast to 2029

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