A report on the Global Cloud Identity Access Management IAM Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Cloud Identity Access Management IAM market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Cloud identity and access management (IAM) solutions provide a clean and consistent access control interface to all cloud platform services. The same interface can be used for all cloud services. IAM technology can be used to initiate, capture, record and manage user identities and their access rights. Additionally, all users are authenticated, authorized, and evaluated against policies and roles. It helps maintain compliance with processes and procedures. However, a major disadvantage is that permissions are granted based on the employee’s needs and tasks and are not revoked when no longer needed, leaving users with many unnecessary permissions.
Key factors for the growth of the cloud IAM market are the enforcement of government regulations pertaining to identity and access management and unprecedented growth in cloud adoption. Rising security concerns in cloud-based environments and lack of awareness and trust in cloud IAM providers are expected to restrain the market growth. The global market will grow exponentially with the widespread adoption of Cloud IAM in BFSI, IT & Telecom, and Retail. Industrial growth in developing economies is likely to boost adoption of cloud IAM services.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Catalent, Sirio Pharma, Aenova, ProCaps, InovoBiologic, Alpha, Dart Neuroscience, BASF, Lonza, NutraNorth. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
The U.S. market is estimated at $1.3 billion, while China is projected to grow at a CAGR of 30.8%
The U.S. cloud identity access and management (IAM) market is estimated at $1.3 billion by 2020. China, the world’s second largest economy, is expected to have a market size of USD 2.1 billion by 2027, followed by a CAGR of 30.8% between 2020 and 2027. Other notable geographic markets include Japan and Canada, which are expected to grow at rates of 22.3% and 23.7%, respectively, between 2020 and 2027. In Europe, Germany is projected to grow at a CAGR of approximately 23.8%.
The Governance & Compliance segment grew at a CAGR of 24.8%
In the global governance and compliance management segment, the U.S., Canada, Japan, China, and Europe will drive the segment’s projected CAGR of 24.8%. These regional markets have a combined market size of USD 298.9 million in 2020 and are projected to reach USD 1.4 billion by the end of the analysis period. China will remain one of the fastest growing countries in this regional market cluster.
Cloud Identity Access Management IAM Market Segmentation:
By Type:
- Multi-Factor Authentication
- Password Management
- Directory Services
- Single Sign-On
- User Provisioning
- Access Management
- Governance & Compliance Management
- Other
By Applications:
- Healthcare
- Media & Entertainment
- Retail
- IT & Communication
- Banking financial services & Insurance sector ( BSFI)
- Education
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Cloud Identity Access Management IAM Market?
- Who are the top performing companies in Cloud Identity Access Management IAM Market?
- Which region dominated the worldwide market for Cloud Identity Access Management IAM in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/global-connected-automotive-market-is-projected-to-grow-at-a-cagr-of-10-8-during-forecast-period
- https://www.openpr.com/news/2864451/anal-cancer-therapeutics-market-size-2022-analysis-industry
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