Cloud IAM Market is driven by growing adoption of cloud-based applications | Secureworks, Inc., Oracle Corporation, Intel Corporation, OneLogin, Inc

New York, According to a new market research report published by Global Insight Services Cloud IAM Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Cloud IAM is a cloud-based identity and access management service that provides granular control over who has access to what resources in a cloud environment. It allows administrators to set up role-based access control for users and groups, as well as to set up policies to allow or deny access to specific resources. Cloud IAM also provides auditing and logging capabilities to track who has accessed what resources and when.

Key Trends

There are many key trends in Cloud IAM technology.

One is the use of cloud-based IAM tools to manage user identities and access control. This includes using tools such as Active Directory and Azure AD to manage users and groups, and setting up roles and permissions to control access to resources.

Another key trend is the use of IAM as a service, which allows organizations to outsource the management of user identities and access control to a third-party provider. This can be a cost-effective way to manage user identities and access control, and can also provide additional security and compliance benefits.

Key Drivers

The major drivers of this market are the increasing need for data security and compliance with regulatory mandates, the growing adoption of cloud-based applications and services, and the need to reduce IT costs.

The increasing need for data security is a major driver of the cloud IAM market. With the increasing number of data breaches and cyber-attacks, organizations are looking for ways to protect their data. Cloud IAM provides a secure and centralized platform for managing user access to data and applications.

The growing adoption of cloud-based applications and services is another driver of the cloud IAM market. Cloud-based applications and services offer a number of advantages, such as flexibility, scalability, and pay-as-you-go pricing. As more organizations move to the cloud, they need a way to manage user access to these applications and services. Cloud IAM provides a convenient and cost-effective solution for managing user access to cloud-based applications and services.

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Market Segments

The Cloud IAM Market is segmented by services, deployment mode, industry vertical, and region. Depending on services segment, it is categorized into user provisioning, single sign-on, access management, and multi-factor authentication. By deployment type, it is fragmented into public, hybrid and private. As per industry verticals, it is classified into BFSI, IT and telecommunication, healthcare, media & entertainment, retail, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Cloud IAM Market includes players such as IBM, Microsoft, CA, Inc., Secureworks, Inc., Oracle Corporation, Intel Corporation, OneLogin, Inc., Hewlett Packard Enterprise Development LP, Sailpoint Technologies Holdings, Inc. and Ping Identity.

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Reasons to buy Cloud IAM Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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