Market Overview:

The global cloud IAM market size reached US$ 3.93 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.42 Billion by 2027, exhibiting a growth rate (CAGR) of 21.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cloud identity and access management (IAM) refers to a cloud-based service that controls the permission and access of users and cloud resources. It includes password and access management, single sign-on, user provisioning, directory services, audit governance, and compliance management. Cloud IAM is widely used by businesses and organizations to authenticate, authorize, and evaluate users according to set policies and roles. It improves security, protects data, reduces risk exposure, and prevents cyber-attacks. It is an easy-to-use framework that promotes user satisfaction, improves productivity, and minimizes capital expenditure. As a result, it finds extensive applications across retail, education, healthcare, telecommunication, media, and information technology (IT) industries.

Cloud IAM Market Trends:

The rising incidences of cyber-attacks and the increasing regulatory compliance burdens are the key factors driving the market. Cloud IAM is a cost-effective, scalable, and flexible platform that provides multifactor authentication, provisioning, and de-provisioning of user access and assists in preventing revenue loss and reducing data breaches. Furthermore, the increasing demand for cloud IAM across enterprises to protect systems from unauthorized access and misuse, authenticate users, and track user activities is providing a considerable boost to the market. Additionally, the adoption of blockchain technology in cloud IAM to develop decentralized and secured methods of verification and storage of identity credentials to prevent fraud and identity theft is providing an impetus to the market growth. Moreover, the integration of machine learning (ML) and artificial intelligence (AI) to quickly analyze threats and malicious code and improve security is creating a positive outlook for the market. Other factors, including the emerging trends of bring-your-own-device (BYOD), choose-your-own-device (CYOD), and other mobility services; the proliferation of the Internet of Things (IoT)-enabled devices; rising adoption by several governments due to strict cyber-security policies; and extensive research and development (R&D) activities, are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud IAM market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, deployment mode, enterprise size and industry vertical.

Breakup by Service:

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

Breakup by Deployment Mode:

• Public
• Hybrid
• Private
   

Breakup by Enterprise Size:

• Small and Medium-sized Enterprises
• Large Enterprises
   

Breakup by Industry Vertical:

• BFSI
• IT and Telecommunication
• Healthcare
• Media and Entertainment
• Retail
• Education
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Dell Technologies Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Okta Inc., OneLogin Inc., Oracle Corporation, Ping Identity Corporation, Sailpoint Technologies Holdings Inc. and Ubisecure Inc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global cloud IAM market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global cloud IAM market?
• What are the key regional markets?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the enterprise size?
• What is the breakup of the market based on the industry vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global cloud IAM market and who are the key players?
• What is the degree of competition in the industry?