Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud IAM service provides secure and identity-based access to various industry verticals such as BFSI, IT & telecom, healthcare, media & entertainment, retail, education, and others. Cloud IAM services help various industrial verticals to manage security by permitting employee access with a user provision, multi-factor authentication, access management, directory management and few other services, thereby preventing the misuse of financial and corporate data. Hence, cloud IAM services are being widely adopted by large organizations, SMBs, and government agencies. Other features of cloud IAM such as single sign-on, access management, and other services, are less effective without user provisioning. However, multi-factor authentication would grow rapidly in the years to come owing to increasing demand for strong authentication. 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 the 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. Several organizations have adopted cloud IAM to improve customer engagement, acquisition, and retention. A well-designed cloud IAM system helps to prevent data security breach and thereby reduces the possible financial loss due to the same.
The cost-effectiveness of the cloud IAM service compared to the traditional IAM services is one of the major factors driving the adoption of cloud IAM. Enterprises are adopting cloud applications at a large scale owing to the fast dropping rates of bandwidth and storage. It has been estimated that an organization can save more than 35% of the annual cost by adopting cloud IAM services. The accruing costs on organizations due to increasing complexities of cyber-attacks and the costs involved in detection and recovery of losses have expanded the cloud IAM market size across various organizations. In addition, the increasing popularity of Bring Your Own Device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security. Some of the restraints associated with cloud IAM market are security in cloud-based environment, lack of trust in cloud IAM providers and inadequate awareness. Several cloud IAM vendors are aiming at developing more secure IAM solutions at reduced prices; customized according to the specifications of the end consumers.
In 2018, the global Cloud Identity Access Management (IAM) market size was 700 million US$ and it is expected to reach 4510 million US$ by the end of 2025, with a CAGR of 26.3% during 2019-2025.
This report focuses on the global Cloud Identity Access Management (IAM) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud Identity Access Management (IAM) development in United States, Europe and China.
The key players covered in this study
IBM
Microsoft Corporation
CA
Dell Secure Works
Oracle Corporation
Intel Corporation
EMC Corporation
Hewlett Packard Company
Sailpoint Technologies
Market segment by Type, the product can be split into
User Provisioning
Access Management
Multi-Factor Authentication
Single Sign-on
Directory Services
Password Management
Governance & Compliance Management
Market segment by Application, split into
BFSI
IT & Telecommunication
Healthcare
Media & Entertainment
Education
Retail
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Cloud Identity Access Management (IAM) status, future forecast, growth opportunity, key market and key players.
To present the Cloud Identity Access Management (IAM) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Cloud Identity Access Management (IAM) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Cloud Identity Access Management (IAM) . Industry analysis & Market Report on Cloud Identity Access Management (IAM) is a syndicated market report, published as Global Cloud Identity Access Management (IAM) Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Cloud Identity Access Management (IAM) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.