Cloud Identity and Access Management Market by Service (User Provisioning, Single Sign-On, Access Management, Multi-Factor Authentication, Password Management, Directory Services, and Governance and Compliance Management), Deployment Mode (Public, Hybrid,

Cloud Identity and Access Management Market by Service (User Provisioning, Single Sign-On, Access Management, Multi-Factor Authentication, Password Management, Directory Services, and Governance and Compliance Management), Deployment Mode (Public, Hybrid, and Private), and Industry Vertical (BFSI, IT and Telecommunication, Healthcare, Media & Entertainment, Retail, Education and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Cloud identity and access management (IAM) is a security framework, which ensures secure access to end users across multiple applications. At present, integration of IAM with cloud is gaining pace owing to its low cost and enhanced security. IAM is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud. Cloud IAM helps large and small organizations to secure their IT infrastructure and patents & intellectual properties (IP) in a cost-effective manner. 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. Several organizations have adopted cloud IAM to improve customer engagement, acquisition, and retention. A well-designed cloud IAM system helps to prevent data security breach, thereby reducing the possible financial loss.

The cost-effectiveness of the cloud IAM service compared to the traditional IAM services is one of the major factors that drives the adoption of cloud IAM. Enterprises are adopting cloud applications at a large scale, owing to the fast dropping rates of bandwidth and storage. It has been estimated that an organization can save more than 35% of the annual cost by adopting cloud IAM services. The accruing costs on organizations due to increase in complexities of cyber-attacks and the costs involved in detection & recovery of losses have fostered the adoption of cloud IAM across various organizations. In addition, increase in popularity of Bring Your Own Device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security. Therefore, increase in number of cyber-attacks, rise in adoption of BYOD policies by various organizations, surge in adoption of cloud services, centralized security & management, and government compliances are the key factors that drive the growth of cloud IAM market.

The cloud IAM market is segmented on the basis of services, deployment mode, industry verticals, and region. Depending on services segment, it is categorized into user provisioning, single sign-on, access management, multi-factor authentication, password management, directory services, and governance and compliance management. By deployment type, it is fragmented into public, hybrid and private. As per industry verticals, it is classified into BFSI, IT and telecommunication, healthcare, media & entertainment, retail, education and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the cloud identity access management market such as IBM, Microsoft, CA, Inc., Secureworks, Inc., Oracle Corporation, Intel Corporation, OneLogin, Inc., Hewlett Packard Enterprise Development LP, Sailpoint Technologies Holdings, Inc., and Ping Identity. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud identity access management industry.

Key Benefits for Stakeholders

The study provides in-depth analysis of the global cloud identity access management market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global cloud identity access management market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global cloud identity access management market from 2021 to 2030 is provided to determine the market potential.

Key Market Segments


By Services

User Provisioning
Single Sign-On
Access Management
Multi-Factor Authentication
Password Management
Directory Services
Governance and Compliance Management

By Deployment Mode

Public
Hybrid
Private

By Industry Verticals

BFSI
IT and Telecommunication
Healthcare
Media & Entertainment
Retail
Education
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key market players

IBM
Microsoft
CA, Inc.
Secureworks, Inc.
Oracle Corporation
Intel Corporation
OneLogin, Inc.
Hewlett Packard Enterprise Development LP
Sailpoint Technologies Holdings, Inc.
Ping Identity