The cloud IAM market revenue totaled US$ 4,031.5 Million in 2021. The cloud IAM market is expected to reach US$ 25,539.2 Million by 2032, growing at a CAGR of 18.3% from 2022 to 2032.
According to the analysis, the market would be worth US$ 25,539.2 Mn by the end of 2032. The incorporation of artificial intelligence and machine learning in IAM systems is primarily responsible for growth.
When paired with analytics, artificial intelligence can deliver contextual and focused insights, allowing both non-technical and technical staff to perform more efficiently. These innovative technologies aid in the acceleration of current IAM compliance measures.
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It can detect potential risks and anomalies without requiring a huge security team. Furthermore, several IAM solution providers began incorporating behavioral data analytics with the use of ML technologies to boost security strategies.
Key Takeaways: Cloud IAM Market
- By solution, the cloud IAM platform segment is anticipated to account for the leading share in the global demand for cloud IAM in 2021.
- The standalone software segment is estimated to grow at a CAGR of 19.5% through 2032.
- Among the enterprise size, SME segment is estimated to grow at a CAGR of 20.2% during the forecast period.
- By industry, the healthcare segment is anticipated to grow at a CAGR of 22.7% between 2022 and 2032.
- North America is expected to dominate the cloud IAM market, followed by Europe in 2022.
- South Asia & Pacific is estimated to witness fastest growth in the global cloud IAM market during the forecast period.
- The U.S. cloud IAM market is expected to progress at a CAGR of around 15.1% through 2032.
- In East Asia, China cloud IAM market is expected to grow by 6.1X during the forecast period.
- Japan is expected to grow at the highest CAGR of 21.9% during the assessment period.
Growing Adoption of BOYD Across Organizations
A variety of mobility movements in organizations have increased security measures to verify or authenticate the end-user machine. Increasing penetration of tables, personal devices, and mobiles helps employees to connect to the network of the organizations through their personal devices.
In recent times, employees are preferred to use their own devices instead of using office desktops or laptops. It ultimately creates the need for cloud IAM solutions to access the network. Therefore, the growing adoption of BOYD by many organizations ultimately fuels the demand for IAM solutions.
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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 Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- BFSI
- Telecom & IT
- Energy and Utilities
- Healthcare
- Manufacturing
- Education
- Retail
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Cloud IAM Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, By Solution
4.2. Global Average Pricing Benchmark Analysis
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