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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