The Japanese cloud IAM market is expected to grow at a CAGR of 21.9% through 2032, making it one of the fastest growing markets in this report. The US cloud IAM market is expected to reach 15%. The healthcare segment is expected to grow at a CAGR of 22.7% between 2022 and 2032
NEWARK, Del., June 20, 2022 /PRNewswire/ — According to market analysis of cloud IAM by Future Market Insights (FMI), market adoption of cloud IAM is expected to grow with CAGR of 18.3% from 2022 to 2032. The report indicates that the market is expected to reach a valuation of ~US$25,539.2 million by the end of 2032. The growth is mainly attributed to the integration of artificial intelligence and machine learning in IAM solutions.
Artificial intelligence combined with analytics can provide contextual and targeted insights so non-technical and technical employees can work more effectively. These advanced technologies help accelerate today’s IAM compliance checks.
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It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to this, many IAM solution providers have started adding behavioral data analytics using ML technology to improve security tactics.
Highlights: Cloud IAM Market
- By solution, the IAM cloud platform segment is expected to account for the largest share of global IAM cloud demand in 2021.
- The standalone software segment is expected to grow at a CAGR of 19.5% through 2032.
- Among enterprise size, the SME segment is expected to grow at a CAGR of 20.2% during the forecast period.
- By industry, the healthcare segment is expected to grow at a CAGR of 22.7% between 2022 and 2032.
- North America is expected to dominate the IAM cloud market, followed by Europe in 2022.
- South Asia & Pacific is expected to witness the fastest growing global cloud IAM market over the forecast period.
- The US Cloud IAM market is expected to grow at a CAGR of approximately 15.1% through 2032.
- In East Asia, China The cloud IAM market is expected to grow 6.1x during the forecast period.
- Japan is expected to grow at the highest CAGR of 21.9% over the assessment period.
“The increasing prevalence of data theft and the growing adoption of identity and access management software in the IT, healthcare and BFSI industries are expected to drive the demand for cloud IAM solutions in India. global scale.” says the IMF analyst.
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Main companies featured in The Cloud IAM market is
- IBM
- Microsoft
- Broadcom
- Auth0
- CyberArk
- Oracle Corporation
- OneLogin, Inc.
- Hewlett Packard Enterprise
- Sailpoint Technologies Holdings, Inc.
- Ping identity
- Okta
- Dell
- Evidian
Growing adoption of BOY through organizations
A variety of mobility moves in organizations have tightened security measures to verify or authenticate the end user’s machine. The growing penetration of tables, personal devices, and mobiles helps employees connect to the network of organizations through their personal devices.
Lately, employees prefer to use their own devices instead of using desktops or laptops. This ultimately creates the need for IAM cloud solutions to access the network. Therefore, the growing adoption of BOY by many organizations ultimately fuels the demand for IAM solutions.
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More valuable insights into the Cloud IAM market
Future Market Insight report on cloud IAM market research is segmented into four main sections: solution (cloud IAM platform and standalone software (cloud single sign-on (SSO), directories in cloud, cloud password management, etc.)), enterprise size (small and medium enterprises (SMEs) and large enterprises)), industry (BFSI, telecommunications and IT, energy and utilities, healthcare, manufacturing, education, retail and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in cloud IAM demand prospects.
Cloud IAM Outlook by category
By Solution:
- Cloud IAM Platform
- Standalone software
- Cloud single sign-on (SSO))
- Cloud-based directories
- Cloud password management
- Others
By business size:
- Small and medium-sized enterprises (SMEs)
- Large companies
By industry:
- BFSI
- Telecom & IT
- Energy and Utilities
- Health care
- Manufacturing
- Education
- Detail
- Others
By region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (SOUL)
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About Future Market Insights Electronics, Semiconductors and ICT Division
Expert analysis, strategic recommendations and actionable insights – Future Market Insights’ electronics, semiconductors and ICT team helps clients around the world meet their unique business intelligence needs. With a repository of over 500 electronics, semiconductors and ICT reports, of which over 100 reports are solutions specific, the team provides end-to-end research and analysis on regional trends, market growth drivers and research development efforts in the electronics, semiconductor and ICT industry.
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SOURCE Future Market Outlook