Cloud Identity Access Management (IAM) Market Is Expected to Garner $2.8 Billion By 2020 | IAM Industry Technology and Research

Research Beam added report on“World Cloud Identity Access Management (IAM) Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Cloud Identity Access Management (IAM) Market by Service (User Provisioning, Access Management, Multi-Factor Authentication, Single Sign-on, Directory Services and Password Management) and Deployment Type (Private Cloud, Public Cloud and Hybrid Cloud) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020”

Research Beam study says Cloud Identity Access Management (IAM) Market is expected to garner $2.8 Billion By 2020, registering a CAGR of 26.2% during the forecast period 2015 - 2020, Request Sample Copy @ http://www.researchbeam.com/cloud-identity-access-management-market/request-sample

Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud identity access management (IAM) is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud. At present, integration of IAM with cloud is gaining pace owing to its low cost and enhanced security. Cloud IAM offers various services such as user provisioning, access management, multi-factor authentication, directory services, single sign-on (SSO), governance & compliance management and password management.

The notable factors affecting the cloud IAM market are government regulations, increasing cyber-attacks, increasing popularity of bring your own device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security. However, Lack of awareness regarding the importance of authorized access by right individual would negatively affect the growth of cloud IAM market. Although, over a period of time, one may expect the customers to realize the significance of IAM services.In addition, decreasing cost of cloud IAM services is also fueling the growth in Global Cloud IAM market.

Renowned market players have adopted acquisition as their key strategy to strengthen their technical expertise and to enhance their market foothold. For instance, in 2015, EMC Corporation acquired Virtustream, a cloud computing management software provider, to manage its cloud service business and to enhance its hybrid cloud product portfolio. In 2014, IBM acquired two IAM firms, Lighthouse Security Group and CrossIdeas, to expand and enhance its identity access management (IAM) offerings.

Global Cloud Identity Access Management (IAM) Scenario
Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud identity access management (IAM) is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud The notable factors affecting the cloud IAM market are government regulations, increasing cyber-attacks, increasing popularity of bring your own device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security.

CLOUD IAM MARKET KEY BENEFITS:
Comprehensive analysis of current and future market trends in the global cloud IAM market is outlined in the report
The report provides an in-depth analysis of cloud IAM market to identify lucrative investment pockets in the market
The report identifies key drivers, opportunities and restraints that shape the market and provide an impact analysis of these factors over the forecast period
Porter’s Five Forces analysis highlights the potency of buyers and suppliers participating in this market. This would offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network

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