Cloud Identity Access Management Market Seen Soaring 18.5% Growth to Reach l USD XX Billion by 2030, Projects UnivDatos Market Insights

Key Highlights of the Report:

1. Growing demand for real-time data insights: With the increasing amount of data being generated every day, organizations need real-time insights to make informed decisions quickly. Cloud Identity Access Management helps them achieve this goal by providing instant analysis of data directly within their applications.

2. Integration with various platforms: Cloud Identity Access Management can be integrated with different software solutions such as CRM systems, ERP systems, and other business applications. This allows users to analyze data from multiple sources in one place.

3. Advanced visualization capabilities: Cloud Identity Access Management offers advanced visualization tools that enable users to create interactive dashboards, charts, and maps to better understand complex data trends.

4. Cost savings: By embedding analytics into existing applications, organizations can save costs associated with purchasing separate licenses for standalone analytics tools.

5. Increased productivity: With easy access to analytics within their apps, users can make more informed decisions without having to switch between screens or log into separate tools.

The Cloud Identity Access Management Market was valued at 6.2 billion in 2022 and is expected to grow at a steady rate of around 18.5% in the forecasted period (2023-2030) due to product expansions and various strategies employed by key vendors. Cloud Identity Access Management (Cloud IAM) refers to solutions offered by cloud service providers that enable organizations to manage access to their cloud-based resources such as applications, APIs, data storage, servers, etc. These solutions provide identity management capabilities for users, groups, and services within an organization to ensure secure access to these resources. As more organizations move their operations to the cloud, they need robust identity management solutions that can secure access to these resources. Therefore, increasing adoption of cloud computing is adding value to the market.

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Some of the recent developments are:

Ø On June 14, 2023, IBM has made a deal to buy Agyla SAS, a well-known cloud consulting firm in France. This purchase will let IBM offer more specialized cloud expertise to its French customers. It will also add to IBM’s collection of cloud services that can be used both on premises and in the cloud and assist business in developing its hybrid cloud and artificial intelligence approach in the area.

Ø On July14, 2023, Cisco acquired Oort, a startup that specializes in identity management technology. With this acquisition, Cisco hopes to improve its ability to secure access to online resources and protect against cyber threats. This move is part of Cisco’s larger efforts to enhance its security capabilities and provide better protection for its customers.

For a detailed analysis of the Global Cloud Identity Access Management Marketbrowse through – https://univdatos.com/report/cloud-identity-access-management-market/

Conclusion

The Cloud Identity and Access Management (IAM) market is expected to witness significant growth, driven by the growing demand for various IAM components such as user provisioning, access management, multi-factor authentication, single sign-on, and directory services. According to the UnivDatos Market Insights analysis, “Cloud Identity Access Management Market” report, the global market was valued at USD 6.2 billion in 2022, growing at a CAGR of 18.5% during the forecast period from 2023 – 2030 to reach USD XX billion by 2030.