Cloud Identity and Access Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Cloud Identity and Access Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : June, 2022 | Technology & Media

Report Digest


Cloud Identity and Access Management Market – Overview

The cloud identity and access management market has been anticipated to expand at a noteworthy pace throughout the forecast period. The growth avenues in the global market are attributed to increased use of the cloud identity and access management solutions in order to provide a consistent and clean access control interface for all the cloud platform services. Further, the same interface technology is useful to initiate, capture, manage, and record the identities of users and to provide access permissions. Thus, based on these factors, the global market is likely to grow at a noticeable speed in the foreseeable years.

The users provided through the global market are evaluated, authorized, and authenticated as per the roles and policies. Further, it is also helpful to maintain compliance with procedures and processes. Further, increasing implementation of the cloud identity and access management services in the government regulations related to identity and access management are likely to fuel the demand avenues in the global market.

Cloud Identity and Access Management Market – Key Drivers

In recent years, there has been a noteworthy increase in the incidences of cyber-attacks due to burgeoning digitalization. Further, these rising cyber-attacks result in the increased requirement for IAM services. Retail, IT & telecom, BFSI, and finance are some prominent industries that are adopting the cloud identity and access management services at an increased rate and thus bolstering demand opportunities in the global market.

Rising concerns related to security in the cloud-based environment along with a lack of trust & awareness in cloud identity and access management providers are certain factors that are predicted to curtail the growth avenues in the global market in the following years. In addition to this, lesser awareness about the importance of authorized access by the appropriate individual is predicted to put a negative impact on the market growth during the forecast period.

But rapid industrial developments that occur within the developing economies have also been estimated to increase the adoption of these services. Thus, based on these factors, the cloud identity and access management market has been predicted to experience noteworthy growth prospects in the coming years.

Cloud Identity and Access Management Market – Recent Developments and Key Players

The cloud identity and access management market is fragmented in nature. The market is further characterized by the presence of certain regional and international players. In addition to this, the market players are focusing on various strategies for the achievement of their desired profits, the development of brand awareness, and penetration in the developing markets. Furthermore, these market players concentrate on the enhancement of their services in order to gain a large consumer base. Novel product launches, agreements or partnerships, expansion of company networks, and mergers and acquisitions are certain factors that are estimated to drive the growth opportunities in the global market during the forecast period. 

Some of the key players in the cloud identity and access management market are:

  • Intel Corporation
  • IBM
  • Ping Identity
  • Microsoft
  • Sailpoint Technologies Holdings, Inc.
  • CA, Inc.
  • OneLogin, Inc.
  • Secureworks, Inc.
  • Oracle Corporation

Cloud Identity and Access Management Market – Regional Assessment

The cloud identity and access management market has been divided into four major regions that include North America, Europe, Asia Pacific, and LAMEA. Out of these geographical areas, Asia Pacific has been proposed to hold a noteworthy share in the global market in the following years. These growth avenues in the regional market are attributed to the rapid advancement and constant product innovation that is taking place in the industry. So, based on these factors, the global market is likely to grow at a significant speed in the following years.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?