Cloud Identity and Access Management (IAM) Market Key Insights During the forecast period of 2023-2033, the global cloud identity and access management (IAM)market is expected to reach an estimated value of ~USD 21 billion by 2033, by expanding at a significant CAGR of ~21%.
The market further generated a revenue of ~USD 3 billion in the year 2022. Major key factors propelling the growth of the global cloud identity and access management (IAM)market worldwide are rising penetration of the internet as well as the increasing use of cloud along with growing concerns regarding identity scams.
Cloud Identity and Access Management (IAM) Market Statistics
- USD 3 billion revenue in 2022
- Record USD 21 billion revenue by 2035
- The market size slated to observe 21% growth rate through 2023-2035
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Market Definition of Cloud Identity and Access Management (IAM)
Identity and access management (IAM) gives administrators complete power and visibility to manage cloud resources centrally by allowing them to approve who can conduct actions on particular resources. IAM offers a unified view of security policy throughout the whole organization, with built-in auditing to streamline compliance processes, and is ideal for businesses with complicated organizational structures, hundreds of workgroups, and several projects.
IAM offers solutions to efficiently and highly automate the management of resource authorization. Users only have access to the information they require to do their tasks, and administrators may quickly give default permissions to huge groups of users.
Global Cloud Identity and Access Management (IAM) Market: Growth Drivers
The growth of the global cloud identity and access management (IAM) market can majorly be attributed to the increase in identity fraud scams and a global increase in concern over identity theft. For instance, it was determined that identity fraud scams caused overall fraud losses of USD 43 million in the USA in 2021.
Additionally, owing to the increase in cyberattacks, there is a growing need for cloud identity and access management, which is anticipated to generate enormous revenue possibilities for the leading players in the worldwide cloud identity and access management market over the course of the projected period.
Furthermore, the growing use of software as a service (SaaS) in multiple organizations across the world is estimated to boost market growth. It was found that, in 2021, over 90% of organizations used one or more SaaS solutions and these user numbers are predicted to rise significantly during the forecast period.
The global cloud identity and access management (IAM) market is also estimated to grow majorly on account of the following:
- Increasing concern regarding identity security
- Rising incidences of identity theft
- Increasing data and data management complexity
- Growing penetration of the internet
Global Cloud Identity and Access Management (IAM) Market: Restraining Factor
There is a chance that users will have username and password fatigue, which they may express as a result of having to remember too many passwords. A comprehensive IAM strategy that layers in additional IAM and security technologies include a password manager and many users are unaware of the password security system too. Hence this factor is expected to be the major hindrance for the growth of the global cloud identity and access management (IAM) market during the forecast period.
According to recent study by Research Nester, the cloud identity and access management (IAM) market size is anticipated to surpass USD 21 Bn by 2035 and is projected to expand at CAGR of over 21% from 2023 to 2035.
Major players include in the global cloud identity and access management (IAM) market:
- Quest Software Inc
- . (OneLogin, Inc.),
- Delinea Inc.,
- Ping Identity Corporation,
- Broadcom Inc.
- (CA Technologies),.
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The detailed segments and sub-segment of the market are explained below:
By Component
Solution
Services
By Deployment Model
Cloud
On-premises
Hybrid
By Enterprise Size
Large Enterprise
SMEs
By Industry
Information Technology (IT)
Banking, Financial Services and Insurance (BFSI)
Travel and Hospitality
Healthcare
Retail and e-Commerce
Energy and Utilities
Telecommunication
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- By Region
The North America cloud identity and access management (IAM) market is anticipated to hold the largest market share by the end of 2033 among the market in all the other regions. The growth of the market can be attributed to the region’s increasing reliance on online systems and high demand for precise and automatic data management systems. In addition to this, the growing usage of cloud-based data storage, and the federal government’s expanding usage of the cloud are predicted to boost the market growth. For instance, it was discovered that in 2020, more than half of all state, local, and federal agencies in the United States had some or all of their systems and solutions in the cloud.
The market research report on global cloud identity and access management (IAM) also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Key Market Players Featured in the Global Cloud Identity and Access Management (IAM) Market
Some of the key players of the global cloud identity and access management (IAM) market are Sailpoint Technologies Holdings, Inc., IBM Corporation, Microsoft Corporation, and others.
With the slowdown in world economic growth, the Cloud Identity and Access Managementindustry has also suffered a certain impact, but still maintained a relatively optimistic growth, thepast four years, Cloud Identity and Access Management market size to maintain the averageannual growth rate of X% from XXXX million $ in 2014 to XXXX million $ in 2017, BisReportanalysts believe that in the next few years, Cloud Identity and Access Management market sizewill be further expanded, we expect that by 2022, The market size of the Cloud Identity andAccess Management will reach XXXX million $.Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/2224550This Report covers the Major Players’ data, including: shipment, revenue, gross profit, interviewrecord, business distribution etc., these data help the consumer know about the competitorsbetter.Besides, the report also covers segment data, including: type segment, industry segment etc.cover different segment market size.
Also cover different industries clients’ information, which isvery important for the Major Players.Section 1: Free——DefinitionSection (2 3): 1200 USD——Major Player DetailCA TechnologiesDellIBMPing IdentitySailPoint TechnologiesBitiumCentrifyCovisintExostarFisher InternationalIlantus TechnologiesIWelcomeMicrosoftOktaOneLoginOracleSalesforceSAPSimeio Solutions Browse the complete report @ http://www.orbisresearch.com/reports/index/india-cloud-identity-and-access-management-market-report-2018Section 4: 500 USD —— Industry Segmentation (BFSI, Healthcare, Manufacturing & Automotive, Telecom & Public Sector,Retail)Section 5: 300 USD——Market DescriptionSection 6: 400 USD——Trend (2018-2022)Section 7: 700 USD——Downstream ConsumerSection 8: 200 USD——Cost StructureSection 9: 500 USD——ConclusionPlace a purchase order of this report @ http://www.orbisresearch.com/contact/purchase/2224550About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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Data Bridge Market Research has recently added a concise research on the Identity and Access Management Market to depict valuable insights related to significant market trends driving the industry.
Some are the key & emerging players that are part of coverage and have being profiled are Capgemini., Happiest Minds, HCL Technologies Limited, Infosys Limited, F5 Networks, Inc., Amazon Web Services, Inc., Hewlett-Packard Development Company, L.P., IBM Corporation, Microsoft, Oracle, Siemens, Dell, Broadcom., ForgeRock, Gemalto NV Global identity & access management market is set to witness a healthy CAGR of 13.56% in the forecast period of 2019 to 2026.
The report contains data of the base year 2018 and historic year 2017.Grab Sample Report + All Related Tables & Charts of Global Identity and Access Management Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-identity-access-management-marketMarket definition: Global Identity and Access Management Market The Identity and Access Management (IAM) system in BFSI is a structure for business operations that promotes the governance of electronic documents.
IAM technology can be used to collect, activate, document and handle customer details and entry authorizations by technology Top Manufacturers Covered in the Report: Few of the major competitors currently working in the global identity & access management market are Capgemini., Happiest Minds, HCL Technologies Limited, Infosys Limited, F5 Networks, Inc., Amazon Web Services, Inc., Hewlett-Packard Development Company, L.P., IBM Corporation, Microsoft, Oracle, Siemens, Dell, Broadcom., ForgeRock, Gemalto NV, Centrify Corporation., GlobalSign., Accenture., NTT Communications Corporation, Cognizant, among others.
Recent Developments in the Market: In May 2019, Atos introduced the latest Unified Cloud Identity and Access Management (IAM) alternative for the ultimate safety systems.
In April 2019, HID Global discloses the accessibility of latest HID Authentication Service, component of its Cloud Identity Platform, to offer a package of reliable identification alternatives.
