Cloud identity access management market

Cloud Identity Access Management Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2020

Introduction • Cloud Identity Access Management (IAM) Market is expected to garner $2.8 Billion By 2020, registering a CAGR of 26.2% during the forecast period 2015 2020.

• 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.

• 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. • North America is the highest revenue generating region

Key Factors of the Market • Varied technological environments, increasing cyber-attacks, strict regulatory compliances, and increasing digital identities across organizations are propelling the need of IAM services for information security.

• Integration of IAM with cloud is gaining popularity 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.

• Increasing number and complexity of cyber-attacks, BYOD policies adopted by various organizations, increasing adoption of cloud services, centralized security and management and government compliances, are the key factors driving the growth of cloud IAM market.

Cloud IAM Market: By Service Type

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Key Benefits of the Market • User provisioning service would dominate the overall service segment over the analysis period • Multi factor authentication is expected to grow at the highest CAGR of 30.5% from 2015-2020 due to burgeoning need for strong authentication • Key sectors such as BFSI, IT & telecom and retail would witness highest adoption of cloud IAM services over the forecast period (2015 - 2020) • Private cloud dominated the overall cloud IAM market owing to the enhanced security risks compared to public cloud and hybrid cloud • North America was the highest revenue generating region, constituting nearly 41% of the total market revenue in 2014

Market Segmentation

Key Players of the Market • SailPoint Technologies, Inc., • EMC Corporation, • CA Technologies, • Oracle Corporation, • Hewlett-Packard Company, • Ping Identity Corporation, • Dell, Inc., and • Intel Corporation The leading market players have adopted acquisition as their key strategy to strengthen their technical expertise and to increase their market foothold.

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