Asia-Pacific Cloud Identity and Access Management (IAM) Market is expected to garner $574 Million, Globally, by 2020

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.

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By services, user provisioning service is the largest revenue generating segment in Asia-Pacific cloud IAM market, accounting for nearly 42.17% of the total market revenue in 2014. This segment is expected to maintain its dominance throughout the forecast period. Among key industry verticals, IT & telecom was the largest contributor in 2014, accounting for 22.89% share in the overall market revenue. Stringent government regulations and security standards coupled with increasing usage of BYOD, are some of the key factors fostering the adoption of IAM services in IT & telecom sector in Asia-Pacific.
Asia-Pacific cloud IAM market is analyzed across different countries such as Japan, Australia, Singapore, South Korea, China and Rest of Asia-Pacific. At present, Japan dominates Asia-Pacific cloud IAM market, followed by Australia and Singapore. Japan is expected to maintain its dominance throughout the forecast period, i.e., (2015-2020). The growth of cloud IAM services in Japan is supplemented by development in enterprise cloud IT infrastructure and wide adoption of cloud by SMEs in the country. China is expected to exhibit the fastest growth, registering a CAGR of 33.5%, during the forecast period.

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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.
Key Findings of Asia-Pacific Cloud IAM Market:

• User provisioning service would dominate the overall Asia -Pacific cloud IAM service segment over the analysis period

• Japan leads the Asia-Pacific cloud IAM market, accounting for nearly 32.45% of the total market in terms of revenue in 2014

• China would witness an impressive growth during the same period owing to the growing adoption of cloud in SMEs and increasing government investment in cloud IT infrastructure

• Multi factor authentication is expected to grow at the highest CAGR of 35% from 2015 to 2020, owing to burgeoning need for strong authentication

• Key sectors such as IT & telecom and BFSI are expected to witness the highest adoption of cloud IAM services over the analysis period

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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