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+24% CAGR to growth to be achieved by global cloud identity and access management (IAM) market published by leading research firm

IT Market Research

The Report on Cloud Identity and Access Management (IAM) market projects a growth of +24% CAGR growth This report studies the Cloud Identity And Access Management (IAM) market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Cloud Identity And Access Management (IAM) market by product type and applications/end industries.

The major players in global Cloud Identity And Access Management (IAM) market include CA Technologies, IBM Corporation, EMC Corporation, Intel Corporation, Microsoft Corporation, Dell Inc, Okta, Sailpoint Technologies Inc, Onelogin Inc, Ping Identity Corporation, Centrify Corporation, Google, Amazon, Alibaba, Taleo, Salesforce, Workday,. AWS (AMAZON WEB SERVICES

North America dominated the cloud IAM market during 2016, and accounting for largest market share.

The global players lead the cloud IAM market and are increasing their presence, making it difficult for regional vendors to compete with them on features such as user account management, federated access control and SSO, application and service provisioning and de-provisioning, and subscription pricing. Having the upper hand in the market allows the global players to acquire smaller vendors or pure-play vendors and expand their product portfolio and boost their market share.

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.

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Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud identity access management (IAM) is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud.

The notable factors affecting the cloud IAM market are government regulations, increasing cyber-attacks, increasing popularity of bring your own device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security.

The market is segmented on the basis of service, industry vertical, deployment type, and geography.

By Service; User Provisioning, Access Management, Multi-Factor Authentication, Single Sign-on, Directory Services, Password Management, Governance & Compliance Management

By Industry Vertical: BFSI, IT & Telecommunication, Healthcare, Media & Entertainment, Education, Retail, Others (Energy, Oil and Gas, Public Sector and Utilities)

By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud

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Primary researches were made which include surveys, opinions of seasoned analysts, and interviews. For collecting and verifying the data, the use of secondary researches was also made which includes reputable paid sources, industry body databases, entails, and trade journals.

Both qualitative and quantitative assessments were made across different industrial aspects and market verticals.

Analysis of different trends that are prevailing in the market was made. The segmentation of the market was included.

Studies of the sub-segments were also considered in order to better understand the market position in the global market.

The research report, titled "Global Cloud Identity and Access Management (IAM) Market Report 2022" offers an unmistakable understanding of the topic. The exploration report tries to appreciate the leading-edge techniques taken by vendors in the overall market to offer product detachment through Porter's five forces analysis.

It likewise points out the courses in which these associations can strengthen their stand in the market and increment their livelihoods in the coming years. Consistent technological progressions and the enduring penetration of Internet in the remote corners of the world are moreover responsible for the astounding advancement of the Global Cloud Identity and Access Management (IAM) Market.

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