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Cloud IAM Market Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast To 2030

09-22-2022 11:20 AM CET | Industry, Real Estate & Construction

Press release from: We Market Research

Cloud IAM Market

Cloud IAM Market

The Global Cloud IAM Market valued at US 3594.95 Billion in 2022 is anticipated to reach a value of US 1829.37 Billion in 2030, growing at a CAGR of 21.3%.

Cloud IAM Market: Overview

Cloud identity and access management (IAM) solution is defined as the solution that provides a clean and consistent access control interface for all cloud platform services.

The same interface has been used for all cloud services. The IAM technology is used to initiate, capture, record, and also manage user identities, as well as used to access their permissions.

All users are authenticated, authorized, and evaluated according to policies and roles and it has helped in maintaining compliance of processes and procedures.

The major drawback of the software is that the permissions are granted based on needs and tasks of employees, and they are not revoked when they are no longer necessary, which creates lots of unnecessary privileges to users.

Key market trends: Growth determinants and Challenges

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth is the implementations in governmental regulations with regards to identity and access management and unprecedented growth in cloud adoption over the forecast period.

On the flip side, the increase in security concerns in a cloud-based environment and lack of awareness and trust in cloud IAM providers have hampered the market growth over the forecast period.

Also, the global market is expected to grow at an exponential rate with a wide scale adoption of cloud IAM in BFSI, IT and telecom, and retail. The industrial developments that occurs within developing economies will boost the adoption of cloud IAM services over the forecast period.

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Segmental Analysis Of The Market:

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

The user provisioning segment has dominated the market growth over the forecast period.

Based on Deployment mode
• Public
• Hybrid
• Private

The public segment has dominated the market growth over the forecast period.

Based on Industry Verticals
• BFSI
• IT and Telecommunication
• Healthcare
• Media & Entertainment
• Retail
• Education
• Others

The BSFI segment has dominated the market growth over the forecast period.

North America is anticipated to amplify at a considerable CAGR

The Cloud identity and access management (IAM) market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America has dominated the market growth over the forecast period. This is because of the technological advancements in the region.

Competitive Landscape:

Some of the prominent companies operating in the market are
• IBM
• Microsoft
• CA, Inc.
• Secureworks, Inc.
• Oracle Corporation
• Intel Corporation
• OneLogin, Inc.
• Hewlett Packard Enterprise Development LP
• Sailpoint Technologies Holdings, Inc.
• Ping Identity

Major questions answered in this report:

• what is the growth rate of the Cloud IAM market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

Key takeaways from the report:

• The Cloud IAM market is projected to expand at a CAGR of 21.3% over the forecast period.
• The implementation in governmental regulations is aiding market progression.
• The BSFI segment is poised to expand significantly over the forecast period.
• North America has dominated the regional market sphere over the forecast period.

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Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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