Industry Background:
The global Cloud Identity Access Management (IAM) market is expected to witness high demand in the forecasted period due to Cloud IAM is gaining increased traction in end-use industries, offering several benefits such as identity synchronization and provisioning, federation service, customer identity management, and single sign-on (SSO) features. Identity and access management (IAM) is the business framework encapsulating organizational policies and technologies for managing electronic or digital identities. Cloud IAM service provides secure and identity-based access to various industry verticals such as BFSI, IT & telecom, healthcare, media & entertainment, retail, education, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | SailPoint Technologies (United States), EMC Corporation (United States), CA Technologies (United States), Intel Corporation (United States), International Business Machine (IBM) Corp. (United States), Okta, Inc. (United States), SAP SE (Germany), Auth0, Inc. (United States), Microsoft Corporation (United States) and Google LLC (United States) |
According to AMA, the market for Cloud Identity Access Management (IAM) is expected to register a CAGR of 26.2% during the forecast period to 2028. This growth is primarily driven by The cost-effectiveness of the cloud IAM service compared to the traditional IAM services and The increasing popularity of Bring Your Own Device (BYOD).
Globally, a noticeable market trend is evident The increasing number and complexity of cyber-attacks and The various mobility trends in organizations have augmented the end-user device authentication security The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SailPoint Technologies (United States), EMC Corporation (United States), CA Technologies (United States), Intel Corporation (United States), International Business Machine (IBM) Corp. (United States), Okta, Inc. (United States), SAP SE (Germany), Auth0, Inc. (United States), Microsoft Corporation (United States) and Google LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Renowned market players have adopted acquisition as their key strategy to strengthen their technical expertise and to enhance their market foothold.
Influencing Trend:
The increasing number and complexity of cyber-attacks and The various mobility trends in organizations have augmented the end-user device authentication security
Market Growth Drivers:
The cost-effectiveness of the cloud IAM service compared to the traditional IAM services and The increasing popularity of Bring Your Own Device (BYOD)
Challenges:
The lack of trust in cloud IAM providers and inadequate awareness
Restraints:
The security in a cloud-based environment
Opportunities:
The increasing adoption of cloud services and The rising demand due to centralized security and management and government compliances
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Identity Access Management (IAM) Market
- Analysis about New Entrants in Cloud Identity Access Management (IAM) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Identity Access Management (IAM) Study Sheds Light on
The Cloud Identity Access Management (IAM) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Identity Access Management (IAM) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Identity Access Management (IAM) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.