Uncategorized

Cloud IAM Market Size, Share, Industry Growth, Trends 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Cloud IAM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cloud IAM market share, size and  forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Cloud IAM Market?

The global cloud IAM market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.

What is Cloud IAM?

Cloud identity and access management (IAM) represent a cloud-based service that governs user and cloud resource permissions and access. It encompasses password and access management, directory services, audit governance, user provisioning, single sign-on, and compliance management. Businesses and organizations widely employ Cloud IAM to authenticate, authorize, and assess users based on predefined policies and roles. This enhances security, safeguards data, mitigates risk, and thwarts cyber threats. Cloud IAM offers a user-friendly framework that fosters user satisfaction, improves productivity, and reduces capital expenditure. Consequently, it finds extensive use in the retail, education, telecommunication, media, healthcare, and information technology (IT) sectors.

Request Free Sample Copy of This Report: https://www.imarcgroup.com/cloud-iam-market/requestsample

What are the growth prospects and trends in the cloud IAM industry?

The market is being driven by two main factors: the increasing occurrences of cyber-attacks and the growing burdens of regulatory compliance. Cloud IAM serves as a platform that is cost-effective, scalable, and flexible. It offers multifactor authentication, provisioning, and de-provisioning of user access, thereby helping to prevent revenue loss and reduce data breaches.

The market is receiving a significant boost due to the rising demand for cloud IAM in enterprises. Its purpose is to protect systems from authenticating users, unauthorized access and misuse, and track user activities. Moreover, the market is experiencing a surge in growth because of the adoption of blockchain technology in cloud IAM. Besides this, the integration of machine learning and artificial intelligence is enhancing security by swiftly analyzing threats and malicious code.

Several other factors are expected to drive the market as well. These include the emergence of trends such as choose-your-own-device (CYOD), bring-your-own-device (BYOD), and other mobility services, as well as the proliferation of the Internet of Things (IoT)-enabled devices. The market is also being propelled by the increasing adoption of cloud IAM by various governments due to strict cybersecurity policies and extensive research and development (R&D) activities.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Service:

  • User Provisioning
  • Single Sign-On
  • Access Management
  • Multi-Factor Authentication
  • Password Management
  • Directory Services
  • Governance and Compliance Management

Breakup by Deployment Mode:

  • Public
  • Hybrid
  • Private

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Industry Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Media and Entertainment
  • Retail
  • Education
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Dell Technologies Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Okta Inc., OneLogin Inc., Oracle Corporation, Ping Identity Corporation, Sailpoint Technologies Holdings Inc. and Ubisecure Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Leave a Reply

Your email address will not be published. Required fields are marked *