Global Cloud IAM Market is expected to reach US$ 7.7 Billion by 2024 from US$ 2.2 Billion in 2017 at CAGR of 19.6% during forecast period.
Cloud IAM Market is segmented by Type, Service Type, Vertical Type, End-User, and Geography. Based on Type access management segment is rising at the fastest rate & is expected to grow at a CAGR of 16.8% over the forecast period. Increasing demand for cost-effective, scalable, & flexible solutions has prompted the popularity of cloud-based solutions. The swift growth & adoption of Identity-as-a-Service (IDaaS) platform through different SMEs are also donating to the Global Cloud IAM Market development. Cloud segment is expected to grow at highest CAGR during forecast period owing to many profits offered by cloud service like less cost involvement, no hardware or software deployment and offers easy management. On-premise deployment is expected to use traditional in-house data centres for regulatory security patches and also offer software updates.
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IT & telecom applications are rising at a fast rate with an identity & access management market. IT & telecom industry works with a huge user base, it is important for the service providers to keep the security of the sensitive user data. Many governing agreements have also been required & a failure to stand by the same results in huge financial losses for the organization. Companies are required to set secured IT systems in place to deliver the right access to employees, customers, and vendors, fuelling Cloud IAM Market demand.
Cloud IAM Market is a cloud Identity and access management market create platform for business management to facilitate electronic or digital identities to collect and use data. Organizational policies and technologies need digital identity in the form management purpose and that fuel the Global cloud IAM market growth.
In terms of region, Cloud IAM Market is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia Pacific Global Cloud IAM Market is rising at the fastest speed & is expected to grow at a CAGR of 15.6% over the forecast timeline owing to the fast growth in cybercrimes, enlarged penetration of smartphones, rising demand for cloud-based solutions, substantial development in the industrial sector, & increasing adoption of BYOD.
Key player’s studies, analyzed, profiled and benchmarked in Cloud IAM Market are Microsoft Corporation, IntelCorporation, CA Technologies, EMC Corporation, Sailpoint Technologies Inc., Ping Identity Corporation, Centrify Corporation, Dell Inc., IBM Corporation, Onelogin Inc., Okta, Google, Amazon, Alibaba, Taleo, Salesforce, and Workday.
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The Scope of Report Global Cloud IAM Market:
Global Cloud IAM Market, by Type:
Global Cloud IAM Market, by Deployment:
Global Cloud IAM Market, by Vertical Type:
Global Cloud IAM Market, by End-User:
Global Cloud IAM Market, by Region:
Key Players, Global Cloud IAM Market:
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