Cloud IAM Market

Cloud IAM Market by Deployment Modes (Private, Hybrid, and Public), Services (Multi-Factor Authentication, Password Management, Directory Services, Governance and Compliance Management, User Provisioning, Single Sign-on, and Access Management), Industry Verticals (Healthcare, Media & Entertainment, Retail, Education, BFSI, IT & Telecommunication, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: ICT-SE-4634
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 159
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global cloud IAM market size was valued at USD 3,109.17 million in 2021, is anticipated to reach USD 20,728.94 million by 2030 and expanding at a CAGR of 21.2% during the forecast period, 2021–2030. The growth of the market is attributed to the increasing need to secure consumer identity data.


Cloud IAM Market_Summary

A clear and consistent access control interface is offered by cloud identity and access management (IAM) solutions for all cloud platform services. All cloud services may be accessed using the same interface. User identities and associated access rights may be created, captured, recorded, and managed using IAM technology. All users are also verified, given permission, and graded in accordance with the regulations and duties. It supports keeping processes and procedures compliant. The fact that permissions are given based on employee requirements and duties rather than being removed when they are no longer required has the significant disadvantage of giving users a lot of unused rights.

The COVID-19 pandemic has beneficial effect on the market, due to the rise in demand for cloud services during the pandemic as individuals began using cloud access control management systems for controlling employee and staff authentication through cloud services and preserving data. Additionally, cloud access management systems assisted in defining roles and granting rights to users to access resources at various granularity levels as more individuals began working remotely. The demand for cloud IAM market increased due to the opportunity to spend less on corporate security by relying on the centralized trust architecture to handle identity management across third party and own apps.  

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for cloud identity and access management solutions is expected to drive the market.
  • Rising number of mobile devices for consumer identity and access management solutions is projected to propel the market during the forecast period.
  • Increasing number of cyber threats due to the poor regulatory is anticipated to hinder the market.
  • Lack of identity standards and insufficient resources in terms of budgets is expected to hamper the market in the coming years.
  • Increasing adoption of IoT and smart devices is projected to create lucrative opportunities for market players. 

Scope of the Report

The report on the global cloud IAM market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cloud IAM Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Deployment Modes (Private, Hybrid, and Public), Services (Multi-Factor Authentication, Password Management, Directory Services, Governance and Compliance Management, User Provisioning, Single Sign-on, and Access Management), and Industry Verticals (Healthcare, Media & Entertainment, Retail, Education, BFSI, IT & Telecommunication, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

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

Market Segment Insights

Public segment to expand at a considerable CAGR

On the basis of deployment modes, the cloud IAM market is segmented into private, hybrid, and public. The public segment is projected to expand at a considerable CAGR during the forecast period, owing to the low cost. The private segment is anticipated to account for a major market share during the forecast period, due to the high adoption in many firms.  


Cloud IAM Market_by Deployment Modes

Single sign-on segment to hold a significant share of the market

Based on services, the market is divided into multi-factor authentication, password management, directory services, governance and compliance management, user provisioning, single sign-on, and access management. The single sign-on segment is expected to hold a significant share of the market in the coming years. Users may securely log in to a number of different apps and websites with just one set of credentials, with single sign-on (SSO). The multi-factor authentication segment accounts for a significant market share. In order to access a resource including an online account, an application, or a VPN, the user must submit two or more verification factors. This authentication technique is known as multi-factor authentication (MFA).

BFSI segment to expand at a substantial CAGR

On the basis of industry verticals, the cloud IAM market is segregated into healthcare, media & entertainment, retail, education, BFSI, IT & telecommunication, and others. The BFSI segment is anticipated to expand at a substantial CAGR during the forecast period. Banking sector using cyber solutions for monitoring, detecting, and countering cyber threats. The healthcare segment is expected to hold a significant share of the market. Cloud IAM solutions are increasingly being utilized in the healthcare industry, where they are primarily employed to secure patients' sensitive data and facilitate simple access to the services of medical institutions.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the cloud IAM market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to factors such as adoption of cloud by SMEs in the region and development in enterprise IT infrastructure. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to well developed economies, higher adoption of sophisticated technologies such as IoT and IP-based device, higher mobile penetration, and increasing digital crime.


Cloud IAM Market_by Regions

Segments

The global cloud IAM market has been segmented on the basis of

Deployment Modes
  • Private
  • Hybrid
  • Public
Services
  • Multi-Factor Authentication
  • Password Management
  • Directory Services
  • Governance and Compliance Management
  • User Provisioning
  • Single Sign-on
  • Access Management
Industry Verticals
  • Healthcare
  • Media & Entertainment
  • Retail
  • Education
  • BFSI
  • IT & Telecommunication
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Oracle Corporation
  • Intel Corporation
  • OneLogin, Inc.
  • Hewlett Packard Enterprise Development LP
  • Sailpoint Technologies Holdings, Inc.
  • Ping Identity
  • IBM
  • Microsoft, CA, Inc.
  • Secureworks, Inc.

Competitive Landscape

Key players competing in the global cloud IAM market are Oracle Corporation; Intel Corporation; OneLogin, Inc.; Hewlett Packard Enterprise Development LP; Sailpoint Technologies Holdings, Inc.; Ping Identity; IBM; Microsoft, CA, Inc.; and Secureworks, Inc.

The major players in the cloud IAM market are making significant investments in research, innovation, and development strategies to offer various solutions for various business applications. The major market players are utilizing a variety of methods, including alliances, collaborations, and acquisitions, to enhance their customer base, presence, and solution offering. For instance, IBM released the security IAM suite V1.0 in August 2020. Access manager, security identity governance and intelligence, security directory suite, and security identity manager are among the security tools included in the latest version.

Cloud IAM Market_by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud IAM Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cloud IAM Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cloud IAM Market Market - Supply Chain
  4.5. Global Cloud IAM Market Market Forecast
     4.5.1. Cloud IAM Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cloud IAM Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cloud IAM Market Market Absolute $ Opportunity
5. Global Cloud IAM Market Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Cloud IAM Market Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Cloud IAM Market Demand Share Forecast, 2019-2026
6. North America Cloud IAM Market Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Cloud IAM Market Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Cloud IAM Market Demand Share Forecast, 2019-2026
7. Latin America Cloud IAM Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Cloud IAM Market Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Cloud IAM Market Demand Share Forecast, 2019-2026
8. Europe Cloud IAM Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Cloud IAM Market Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Cloud IAM Market Demand Share Forecast, 2019-2026
9. Asia Pacific Cloud IAM Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Cloud IAM Market Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Cloud IAM Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Cloud IAM Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Cloud IAM Market Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Cloud IAM Market Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Cloud IAM Market Market: Market Share Analysis
  11.2. Cloud IAM Market Distributors and Customers
  11.3. Cloud IAM Market Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

The global cloud IAM market has been segmented on the basis of

Deployment Modes
  • Private
  • Hybrid
  • Public
Services
  • Multi-Factor Authentication
  • Password Management
  • Directory Services
  • Governance and Compliance Management
  • User Provisioning
  • Single Sign-on
  • Access Management
Industry Verticals
  • Healthcare
  • Media & Entertainment
  • Retail
  • Education
  • BFSI
  • IT & Telecommunication
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Oracle Corporation
  • Intel Corporation
  • OneLogin, Inc.
  • Hewlett Packard Enterprise Development LP
  • Sailpoint Technologies Holdings, Inc.
  • Ping Identity
  • IBM
  • Microsoft, CA, Inc.
  • Secureworks, Inc.

Key players competing in the global cloud IAM market are Oracle Corporation; Intel Corporation; OneLogin, Inc.; Hewlett Packard Enterprise Development LP; Sailpoint Technologies Holdings, Inc.; Ping Identity; IBM; Microsoft, CA, Inc.; and Secureworks, Inc.

The major players in the cloud IAM market are making significant investments in research, innovation, and development strategies to offer various solutions for various business applications. The major market players are utilizing a variety of methods, including alliances, collaborations, and acquisitions, to enhance their customer base, presence, and solution offering. For instance, IBM released the security IAM suite V1.0 in August 2020. Access manager, security identity governance and intelligence, security directory suite, and security identity manager are among the security tools included in the latest version.

Cloud IAM Market_by Key Players

Buy Report

FAQ Section

Some frequently asked quetions about this report!

The global cloud IAM market size was valued at USD 3,109.17 million in 2021.

Increasing demand for cloud identity and access management solutions is expected to drive the market.

The global cloud IAM market is expanding at a CAGR of 21.2% during the forecast period, 2021–2030.

Asia Pacific is expected to constitute a key share of the market during the forecast period.

Key players competing in the global cloud IAM market are Oracle Corporation; Intel Corporation; OneLogin, Inc.; Hewlett Packard Enterprise Development LP; Sailpoint Technologies Holdings, Inc.; Ping Identity; IBM; Microsoft, CA, Inc.; and Secureworks, Inc.