Market Research Report
Global Cloud Identity Access Management (IAM) Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||486691|
Delivery time: 2-3 business days
|Global Cloud Identity Access Management (IAM) Market 2019-2025|
|Published: December 28, 2019||Content info:||
Global Cloud Identity Access Management (IAM) Market Size, Share & Trends Analysis Report By Deployment (Public Cloud, Private Cloud, Hybrid Cloud) By Components (Password Management, Single Sign-On, Advanced Authentication, Directory Services)By Verticals (BFSI, IT and Telecommunication, Healthcare, Retail), and Forecast Period (2019-2025)
The Cloud Identity Access Management (IAM) Market is growing at a CAGR of 13.2% during the forecast period. Cloud IAM is a system that revamps the conventional IT security environment by providing identification access management solutions over the cloud. The major factors that are augmenting the growth of the market are the rising trend of bring your own devices (BOYD) and increasing cyber-attacks across the globe. Furthermore, a centralized security and management system and growing awareness towards compliance management are also estimated to be major factors that are fuelling the growth of the market. However, certain factors are hindering the growth of the market. Safety and security issues and lack of awareness about the cloud identity access management are estimated to be the major constraints in the growth of the market.
The market is segmented on the basis of the deployment model, solutions, and verticals. On the basis of deployment, the market is segmented into the public cloud, private cloud, and hybrid cloud. The hybrid cloud segment held the largest shares in the Cloud Identity Access Management (IAM) market in 2018. By solutions, the market is segmented into advanced authentication, audit compliance, and governance, directory services, password management, provisioning, and single sign-on. By verticals, the market is divided into BFSI, IT and telecommunication, healthcare, government &utilities, energy, retail, manufacturing, education, and others.
The global cloud Identity Access Management (IAM) market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to be the leading region in the market. The early adoption of cloud technology in the region is backing the growth of the market in the region. Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period. Government initiatives in developing countries such as India and China to promote digitalization and increasing adoption of the technology in SMEs are driving the growth of the market in the region.
Key players of the cloud identity access management (IAM) market are Microsoft, Corp., Google, Inc., SAP SE, IBM Corp., Oracle Corp., and Hewlett Packard Company. To endure in the market, these players adopt different growth strategies such as mergers, acquisitions, partnerships, product launch, and collaboration to do geographical expansion of their company. For instance, in October 2018, IBM has acquired Red Hat, an IT solution provider company. This acquisition is done to strengthen its position in the cloud security service market.
The market study of the global cloud IAM market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
The report is intended for BFSI, aerospace and defense companies, IT and telecommunication company and their related software companies, for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers