Identity and access management market to be worth $29.79bn by 2027

From: RegTech Analyst

The identity and access management market is predicted to grow from being worth $11.82bn in 2019 to have a valuation of $29.79bn by 2027, according to new research.

The research from Verified Market Research estimated that the market would grow at a compound annual growth rate of 13.21%.

The fact that big businesses and governments are spending more on solutions aimed at fighting identity theft and ensuring regulatory compliance was identified as a key driver of the market’s growth.

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