What is Cloud IAM Market Scope?
With Cloud IAM, administrators can authorize who can react to certain resources. This gives you full control and transparency to centrally manage Google Cloud resources. For companies with complex organizational structures, hundreds of workgroups, and many projects, Cloud IAM offers a unified overview of security guidelines throughout your company with integrated auditing to simplify compliance processes. Cloud IAM was designed with the simplicity of a clean, universal interface in mind to manage access control. Cloud IAM provides tools for managing resource entitlements with minimal effort and high automation. Assign job functions in your company to groups and roles. Users only have access to what they need to get the job done, and administrators can easily assign default permissions to user groups. With Cloud IAM, you can grant access to cloud resources at fine-grained levels, far beyond access at the project level. Create more granular access control policies for resources based on attributes such as device security status, IP address, resource type, and date/time. These policies ensure that the appropriate security controls are in place when access to cloud resources is granted. During the impact of Covid-19, Cloud Identity and Access Management (IAM) software will have a positive impact on the market and will add significantly to its growth over the forecast period. IAM providers support companies. Cloud IAM is becoming increasingly important in consumer industries and offers various benefits such as identity synchronization and provisioning, federated service, customer identity management, and single sign-on (SSO) capabilities. Its adoption has helped organizations reduce the cost and complexity of managing access controls and compliance for users. Equipped with robust application interfaces, Cloud IAM enables custom integration functions for companies of various types.
The Cloud IAM market study is being classified by Type (Access Management, User provisioning, Single Sign-On (SSO), Directories, Password Management and Audit governance and Compliance Management), by Application (SMEs and Large Enterprises) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cloud IAM market throughout the predicted period.
CA Technologies (United States), IBM Corporation (United States), Dell EMC Corporation (United States), LoginRadius (Canada), Google Corporation (United States), Intel Corporation (United States), Microsoft Corporation (United States), Okta (United States), Micro Focus (United Kingdom), Gemalto (United States) and Sailpoint Technologies Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Onelogin Inc. (United States), Ping Identity Corporation (United States) and Centrify Corporation (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cloud IAM market by Type, Application and Region.
On the basis of geography, the market of Cloud IAM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In 2015, EMC Corporation had acquired Virtustream, which is a cloud computing management software provider, for managing its cloud service business and to enhance its hybrid cloud product portfolio.
In May 2020, LoginRadius had announced its service implementation for the US-based video broadcasting company named BroadcastMed. The identity provider had successfully created a frictionless customer onboarding process as well as increased the streaming efficiencies for its customers. With identity management and streamlined access overpowering the market, it chose to work with LoginRadius so as to accelerate the adoption of data protection protocol and simplify their login experience.
Influencing Market Trend
- The Rising Demand for Strong Authentication
- Increasing Complexities of Cyber-Attacks
- Growth in Spending On Security Solutions by Government Bodies and Large-Scale Enterprises
Market Drivers
- An Upsurge in Adoption of Cloud Model among Different Organization
- Increasing Penetration of Mobiles and Tablets
- Growing Adoption of Cloud IAM across Different Verticals
- The Rise in Web-Based Applications and Risk Management Solutions
Opportunities
- Proliferation Of Bring Your Own Devices (BYOD), Internet of Things (IoT), Mobility, and Remote Workforce
- Increasing Adoption of Cloud Services, Centralized Security and Management, and Government Compliances
- The Growing Investment Coupled With Rigorous R&D Activities
Restraints
- Lack of Trust in Cloud IAM Providers and Inadequate Awareness
Challenges
- The Lack of Proper Security Measures
Key Target Audience
Providers of Cloud IAM, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Customization available in this Study:
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