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Cloud Identity and Access Management Market: Fujitsu, SailPoint Technologies, Inc., EMC Corporation, CA Technologies, Oracle Corporation, Hewlett-Packard Company, Ping Identity Corporation, Dell, Inc. and Intel Corporation

11-22-2018 02:15 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Cloud Identity and Access Management

Cloud Identity and Access Management

Companies operating in Asia-Pacific cloud IAM market are adopting various strategies such as acquisition, product launch, expansion, partnership and agreement, in order to strengthen their market presence. For instance, in 2015, OneLogin, a provider of identity and access management for cloud-based applications announced its partnership with Infocom Corporation, a leading system integrator in Japan that provides IT services to a number of enterprise companies operating in Japan. The partnership is expected further to consolidate the cloud business of the two companies in Japan. In 2015, Amazon.com Inc. announced its decision to open a data center in South Korea, with an aim to compete with other cloud IAM providers, such as Microsoft Corp. and Google Inc.

Asia-Pacific cloud IAM market is analyzed across different countries such as Japan, Australia, Singapore, South Korea, China and Rest of Asia-Pacific. At present, Japan dominates Asia-Pacific cloud IAM market, followed by Australia and Singapore. Japan is expected to maintain its dominance throughout the forecast period, i.e., (2015-2020). The growth of cloud IAM services in Japan is supplemented by development in enterprise cloud IT infrastructure and wide adoption of cloud by SMEs in the country. China is expected to exhibit the fastest growth, registering a CAGR of 33.5%, during the forecast period.

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By services, user provisioning service is the largest revenue generating segment in Asia-Pacific cloud IAM market, accounting for nearly 42.17% of the total market revenue in 2014. This segment is expected to maintain its dominance throughout the forecast period. Among key industry verticals, IT & telecom was the largest contributor in 2014, accounting for 22.89% share in the overall market revenue. Stringent government regulations and security standards coupled with increasing usage of BYOD, are some of the key factors fostering the adoption of IAM services in IT & telecom sector in Asia-Pacific.

The Asia-Pacific market is expected to garner $574 million by 2020, registering a CAGR of 29.3% during the period 2015-2020. Identity and access management (IAM) is a security framework, ensuring secure access to end users across multiple applications such as IT & telecom, BFSI and many others. Increase in the number of cyber-attacks, growing adoption of cloud services coupled with the increasing adoption of BYOD policies, and the stringent government compliances with respect to data security, are the key factors driving cloud IAM services market in the region. Japan was the highest revenue generating country in 2014, followed by Australia and Singapore.

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Key Findings of Asia-Pacific Cloud IAM Market:

•User provisioning service would dominate the overall Asia -Pacific cloud IAM service segment over the analysis period
•Japan leads the Asia-Pacific cloud IAM market, accounting for nearly 32.45% of the total market in terms of revenue in 2014
•China would witness an impressive growth during the same period owing to the growing adoption of cloud in SMEs and increasing government investment in cloud IT infrastructure
•Multi factor authentication is expected to grow at the highest CAGR of 35% from 2015 to 2020, owing to burgeoning need for strong authentication
•Key sectors such as IT & telecom and BFSI are expected to witness the highest adoption of cloud IAM services over the analysis period

Access full summary report at: https://www.alliedmarketresearch.com/APAC-cloud-identity-and-access-management-market?utm_source=as_op

Fujitsu, SailPoint Technologies, Inc., EMC Corporation, CA Technologies, Oracle Corporation, Hewlett-Packard Company, Ping Identity Corporation, Dell, Inc. and Intel Corporation, are some of the prominent players operating in this market. The leading market players have adopted acquisition as their key strategy to strengthen their technical expertise and increase their market foothold.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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