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Cloud Identity and Access Management (IAM) Market In Asia-Pacific : Major Key Players, Fujitsu, SailPoint Technologies, Inc., EMC Corporation, CA Technologies, Oracle Corporation, Hewlett-Packard Company and More.

01-16-2019 02:54 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Cloud Identity and Access Management

Cloud Identity and Access Management

Asia-Pacific Cloud Identity and Access Management (IAM) Market Report, published by Allied Market Research, forecasts that 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.

Cloud IAM is one of the evolving cloud services in cloud security market, exhibiting consistent growth in developed Asia Pacific countries over the years. The significantly increasing cloud adoption amongst enterprises both large and SMEs is the key driving factor. Additionally, the supplementing factors such as the increasing number of cyber-attacks, growing BYOD and other mobility trends, centralized access management and regulations for data protection & security are driving the growth of this market. Distrust on cloud IAM providers and inadequate awareness of cloud IAM, are some of the major factors limiting the growth of the cloud IAM market. Several cloud IAM vendors are aiming at developing more secure IAM solutions, customized according to specifications of end consumers at reduced prices, thereby creating numerous opportunities for the market. The prominent companies operating in the Asia-Pacific cloud IAM market have adopted acquisition, agreements, partnerships and product launch as their major growth strategies to gain a significant foothold in the market and expand their product portfolio. In addition, increased focus of prominent cloud services providing companies on emerging economies is driving investments in cloud IAM in Asia-Pacific.

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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.

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.

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CLOUD IDENTITY & ACCESS MANAGEMENT MARKET SEGMENTATION:

The market is segmented on the basis of deployment type, services, industry vertical and geography.

MARKET BY SERVICES

•User Provisioning
•Access Management
•Multi Factor Authentication
•Single Sign-on
•Directory Services
•Password Management
•Governance & Compliance Management

MARKET BY INDUSTRY VERTICALS

•BFSI
•IT & Telecommunication
•Healthcare
•Media & Entertainment
•Education
•Retail
•Others (Energy, Oil and Gas, Public Sector and Utilities)

MARKET BY DEPLOYMENT TYPE

•Private Cloud
•Public Cloud
•Hybrid Cloud

MARKET BY COUNTRY

•Japan
•Australia
•Singapore
•South Korea
•China
•Rest of Asia-Pacific (India, Malaysia and Indonesia)

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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