Selbyville, Delaware, Global Cloud Identity And Access Management Market Report available at MarketStudyReport.com gives an industry overview of the Cloud Identity And Access Management, which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2028. The global cloud identity and access management market, which accounted for $2402.92 million in 2018, would witness a CAGR of 11.23% over the forecast period from 2019-2027, to reach $7425.73 million by 2028.
Owing to the increasing identity thefts, there is a growing need for identity & access management techniques. This is one of the primary driving factors of the market for cloud IAM. Moreover, the increasing trend of BYOD in companies and the rising importance of authentication, along with cost benefit, are also driving market growth.
Additionally, the evolving hybrid cloud mode of deployment, along with the growing demand for content streaming, presents a favorable opportunity for market growth. However, certain cyber risks act has impeding factors to the growth of the cloud identity and access management. Also, latency & interruptions as well as the high cost of cloud IAM are challenging the market growth.
The global market spans across the regions of the Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. The Asia-Pacific is expected to depict the highest CAGR throughout the forecast period. This is attributable to the increase in demand for cloud identity and access management across multiple sectors.
The region consists of the growing economies of China and India, along with the emerging Southeast Asian countries like Indonesia and Thailand. The growth in the APAC market is led by the rapid rate of industrialization, growth in demand from various applications, and the increased government spending. Moreover, the increased usage of mobile transactions, coupled with the usage of weak passwords, has increased the need for sophisticated systems for access management.
The major players that have been studied in the market for cloud identity and access management include Broadcom, Oracle, Dell Inc, CyberArk Software Ltd, Microsoft, Okta Inc, International Business Machines Corporation, Auth0 Inc, Centrify Corporation, and SailPoint Technologies Holdings Inc.
International Business Machines Corporation (IBM) offers IT products and services. It operates via five segments, namely Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. Some of the company?s well-known solutions include IBM Cloud Identity, IBM Security Privileged Identity Manager, and IBM Security Identity Governance & Intelligence (IGI). It has a global presence and operates in over 170 countries. The company?s large brand recognition helps it to cater to a large customer base, which results in a higher market share. IBM was one of the first companies to provide cloud solutions for enterprises.
TABLE OF CONTENTS
- IMPACT OF COVID-19
- KEY INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF BUYERS
- BARGAINING POWER OF SUPPLIERS
- THREAT OF COMPETITIVE RIVALRY
- KEY MARKET STRATEGIES
- MARKET OUTLOOK – BY PRODUCT
- MARKET OUTLOOK – BY APPLICATION
- MARKET – REGIONAL OUTLOOK
- COMPETITIVE LANDSCAPE
- RESEARCH METHODOLOGY & SCOPE
- RESEARCH SCOPE & DELIVERABLES
- RESEARCH METHODOLOGY
Market Study Report, LLC. is a hub for Market intelligence products and services. We streamline the purchase of your Market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Our customers partner with Market Study Report, LLC. to ease their search and evaluation of Market intelligence products and services and in turn focus on their company’s core activities. If you are looking for research reports on global or regional Markets, competitive information, emerging Markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Email: [email protected]