Cloud Identity Access Management IAM Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Cloud Identity Access Management IAM Market was valued at USD 3.10 billion in 2020 and is expected to reach USD 20.72 billion by 2030, growing with a CAGR of 21.1% from 2021 to 2030.
Cloud Identity Access Management IAM Market Overview:
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.
Cloud Identity Access Management IAM market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Cloud Identity Access Management IAM market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Cloud Identity Access Management IAM market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Top Key Players include in the Cloud Identity Access Management IAM Market are
IBM, Microsoft Corporation, CA, and others.
The Cloud Identity Access Management IAM market research report is categorized based on type, applications and region.
On the Basis of Type:
- Multi-Factor Authentication
- Password Management
- Directory Services
- Single Sign-On
- User Provisioning
- Access Management
- Governance & Compliance Management
On the Basis of Application:
- Media & Entertainment
- IT & Communication
- Banking financial services & Insurance sector ( BSFI)
On the Basis of Region:
Geographically, the global Cloud Identity Access Management IAM market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Cloud Identity Access Management IAM region is dominating this market in the upcoming future.
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.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Cloud Identity Access Management IAM Market report scope
CAGR of 21.1% during the forecast period.
Multi-Factor Authentication, Password Management, Directory Services, Single Sign-On, User Provisioning, Access Management, Governance & Compliance Management
Healthcare, Media & Entertainment, Retail, IT & Communication, Banking financial services & Insurance sector ( BSFI), Education
IBM, Microsoft Corporation, CA
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Cloud Identity Access Management IAM market?
Who are the key vendors of the global Cloud Identity Access Management IAM market?
What are the leading key industries of the global Cloud Identity Access Management IAM market?
Which factors are responsible for driving the global Cloud Identity Access Management IAM market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
Any special requirements about this report, please let us know and we can provide custom report.