Cloud IAM Market Type, Share, Size, Analysis, Trends, Demand and Outlook 2032

Cloud IAM Market size was valued at USD 3836.5 Million in 2021 and is projected to reach USD 19904.5 Million by 2030, growing at a CAGR of 26.2% from 2023 to 2030.

Cloud identity and access management (IAM) is a cloud-based solution that manages user permissions and access to cloud resources. Password and access management, single sign-on, user provisioning, directory services, audit governance, and compliance management are all part of it. Businesses and organisations utilise cloud IAM to verify, authorise, and evaluate users based on predefined policies and responsibilities. It boosts security, safeguards data, lowers risk exposure, and avoids cyber-attacks. It is a simple structure that increases user pleasure, increases productivity, and reduces capital cost. As a result, it has a wide range of applications in retail, education, healthcare, telecommunications, media, and information technology (IT).
Cloud identity and access management (IAM) solutions allow businesses to securely access company resources via a single platform. It is an umbrella phrase encompassing the various duties that IT departments are expected to perform, including as user provisioning, password resets, managing security privileges across multiple users on different systems operating in heterogeneous settings, and deploying two-factor authentication techniques.

Market Overview
The global market for cloud identity access management is benefiting significantly from the development of cloud computing applications in sectors. The growing demand for scalable, cost-effective, and adaptable IAM has fueled the proliferation of IAM hosted on various cloud platforms. The market is primarily benefiting from the widespread use of SaaS models beyond small and medium-sized businesses. The growing demand for multifactor authorization, as well as the actual need for providing and de-provisioning of users' access, are critical aspects contributing to the market's strength.
IAM is expected to demonstrate the growing demand for distributed software utilisation across companies in the next years. This is a spectacular trend that is projected to bring up valuable market opportunities. The critical function of cloud IAM in mobile computing programmes is a major factor driving the growth of the Cloud IAM Market. Bringing your own device (BYOD) is becoming increasingly common in projects in both developing and wealthy countries, fueling demand for IAM.

Yet, if not adequately and quickly handled, safety concerns in advanced cloud IAM may operate as crippling limits for market competitors. Another limiting issue is the rising complexity of cyberattacks on cloud-based technologies.

Market Trends:
The primary drivers driving the market are the increasing frequency of cyber-attacks and the increasing regulatory compliance constraints. Cloud IAM is a low-cost, scalable, and adaptable platform that enables multifactor authentication, provisioning, and de-provisioning of user access, and aids in the prevention of revenue loss and data breaches. Furthermore, the growing organisational demand for cloud IAM to safeguard systems from unwanted access and misuse, authenticate users, and track user activity is propelling the market forward. Furthermore, the use of blockchain technology in cloud IAM to create decentralised and secure methods of verifying and storing identification credentials to avoid fraud and identity theft is driving market growth. Furthermore, the integration of machine learning (ML) and artificial intelligence (AI) to rapidly assess threats and harmful code and improve security is producing a good market picture. Other factors expected to drive the market include emerging trends such as bring-your-own-device (BYOD), choose-your-own-device (CYOD), and other mobility services; the proliferation of Internet of Things (IoT)-enabled devices; rising adoption by several governments due to strict cyber-security policies; and extensive research and development (R&D).

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Global Cloud IAM Market: Segmentations
Global Cloud IAM Market: Major Players
Centrify Corporation
Intel Corporation
Hewlett Packard Company
Onelogin Inc.
EMC Corporation
Microsoft Corporation
Okta
IBM Corporation
Oracle Corporation
Dell Inc.
CA Technologies
Ping Identity Corporation
Sailpoint Technologies Inc.

Global Cloud IAM Market: By Types
Access Management
User Provisioning
Directory Services
Single Sign-On (SSO)
Password Management
Audit Compliance and Governance Management

Global Cloud IAM Market: By Applications
Small and Medium Businesses
Enterprises

Global Cloud IAM Market: Regional Analysis
The countries covered in the regional analysis of the Global Cloud IAM market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Points:
• Define, describe and forecast The Global Market by type, application, end user and region.
• Provide enterprise external environment analysis and PEST analysis.
• Provide strategies for company to deal with the impact of COVID-19.
• Provide market dynamic analysis, including market driving factors, market development constraints.
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• Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
• Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?

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