The global Cloud IAM market is expected to increase from $6.5 billion in 2020 with a CAGR of 25.7% during the outlook period of 2021 to 2026.
Cloud Identity and Access Management (IAM) as a Service is an approach to managing digital identities in the cloud by a Cloud Service Provider (CSP) or Managed Service Provider (MSP). In the service delivery system, IAM is presented in the form of software as a service for companies or an individual who depends on the service provider to use a particular functionality for administration identification for complete the electronic transaction. Cloud IAM solutions can be purchased as a subscription-managed service. For example, if an association only wants its users to be able to use the password management feature authorized by a Cloud IAM provider, it might only pay for that particular service and only for the users who will use it. Cloud IAM solutions have little to no on-premises foundation. In the IAM cloud, a CSP or MSP hosts an application to accommodate subscribers with role-based access to any organization-specific application, system, and proprietary data.
Identity and Access Management (IAM) is the business framework that encompasses organizational methods and technologies for controlling electronic or digital identities. The products are essentially based on role-based access control and allow individual users to perform specific tasks according to the described role in the company. The IAM framework is gaining in importance as an automated means to initiate, capture, record, and manage user identities.
Market Growth and Trends:
Adoption of blockchain technology in identity management to solve authentication and authorization issues -
Blockchain technology gradually entered the IAM area to create a platform that would protect individual identities from theft or the victim of various fraudulent activities. Companies have integrated blockchain technology into IAM to solve authentication and authorization issues. Blockchain technology offers a decentralized and reasonably secure way to store and verify proof of identity credentials. Blockchain technology in IAM systems helps users create, test and register their own identity and associated credentials to use digital services. Blockchain-enabled IAM systems in organizations would help reduce operational risk and costs by eliminating the need for siled or replicated repositories and identity data. However, the widespread adoption of blockchain technology in IAM requires the availability of open source, simple financial models, respect for privacy by design, and an acceptable user experience.
Artificial intelligence (AI) and machine learning in identity and access management to refine risk detection -
Identity and Access Management continually evolves various critical functions such as authentication and data security to meet privacy compliance requirements. Artificial intelligence and machine learning in IAM is expected to be a growing trend. Artificial intelligence in identity management is expected to revolutionize security beyond people, places and things, as the increasing number of devices and systems will communicate and learn from each other without intervention. human. It provides contextual information to technical and non-technical employees, enabling them to work more efficiently.
IAM providers have begun adding behavioral data analytics through machine learning to improve security tactics. For example, machine learning can analyze user login attempts and detect suspicious behavior, such as guessing a password. Similarly, Ping Identity, a US software company, uses AI-based analytics to monitor an organization's application programming interface (API) activity.
Market Drivers and Restraints
The growing recognition of Bring Your Own Device (BYOD) and a variety of mobility movements in associations have increased security measures to authenticate the end-user machine, driving demand for cloud IAM market. Some of the limitations related to the cloud IAM market are security measures in cloud environments, lack of trust in cloud IAM providers, and insufficient knowledge. Many cloud IAM resellers aim to augment lower-value, more secure IAM solutions, which have been modified in accordance with end-consumer regulations.
As a result, the increasing number and complexity of cyberattacks, BYOD guidelines accepted by various organizations, growing acceptance of cloud services, national security measures, and administration and management compliance are the other main features driving the development of the global cloud IAM market. Several of the main characteristics that hamper the market are due to a lack of confidence and incompetence in declaring the individuality of cloud services and applications. Furthermore, the increasing adoption of solutions among companies and maturing IoT trends are poised to bring new opportunities to the market in the near future.
Market Segmentation
Regional Analysis
Based on the region, the global cloud IAM market is spread across the areas of:
The advancement in the growth of small and medium industries in countries such as South Korea, China, Japan, the United Kingdom and India are other aspects that are contributing to the development of the worldwide cloud IAM market.
Key market players
Some of the major players in the global cloud IAM market are Ping Identity Corporation, Onelogin Inc., Okta, Intel, IBM Corporation, Sailpoint Technologies Inc., EMC Corporation, Dell, CA Technologies, Microsoft, Centrify Corporation, HP and Oracle.
Recent Developments:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cloud IAM Market, By Components
6.1.1 Access Management
6.1.2 User Provisioning
6.1.3 Directory Services
6.1.4 Single Sign-On
6.1.5 Password Management
6.1.6 Audit
6.1.7 Governance & Compliance Management
6.1.8 Market Size Estimations & Forecasts (2021-2026)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Cloud IAM Market, By End-User
6.2.1 Small and Medium Enterprises
6.2.2 Large Companies
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Cloud IAM Market, By Vertical
6.3.1 Telecommunications and IT
6.3.2 BFSI
6.3.3 Energy
6.3.4 Public Sector and Utilities
6.3.5 Oil and Gas
6.3.6 Healthcare
6.3.7 Construction
6.3.8 Manufacturing
6.3.9 Retail
6.3.10 Market Size Estimations & Forecasts (2021-2026)
6.3.11 Y-o-Y Growth Rate Analysis
6.3.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Components
7.2.3 By End-User
7.2.4 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Components
7.3.3 By End-User
7.3.4 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Components
7.4.3 By End-User
7.4.4 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Components
7.5.3 By End-User
7.5.4 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Components
7.6.3 By End-User
7.6.4 By Vertical
8. Key Player Analysis
8.1 Ping Identity Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Onelogin Inc
8.3 Okta
8.4 IBM Corporation
8.5 Intel
8.6 Sailpoint Technologies Inc
8.7 EMC Corporation
8.8 Dell
8.9 CA Technologies
8.10 Microsoft Corporation
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
