Emphasis on Component (Solution, And Service); Cloud Type (Public Cloud, Private Cloud, And Hybrid Cloud); End-Use Industry (Public Sector, Retail & Consumer Goods, Telecommunications, Media & Entertainment, And Others) and Region/Country.
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.
Some of the major players operating in the market include Microsoft Corporation; Okta; Ping Identity; Salesforce, Inc.; IBM; Google; Oracle; OneLogin; ForgeRock; Delinea.
Insights Presented in the Report
“Among component, the solution segment holds largest share of the market during forecast period.”
Based on component, the market is bifurcated into solution, and service. Among these, the solution segment is leading the Cloud Identity and Access Management market. The solution segment held the highest market share in 2022, accounting for less than two-thirds of the cloud identity and access management market revenue and is estimated to maintain its leadership status throughout the forecast period. The increase in the usage of cloud identity and access management solutions in businesses to improve cybersecurity and identity-related fraud is driving the growth of the solution segment. The solution segment includes audit, compliance, and governance; single sign-on (SSO) and federated provisioning; privileged access management; and directory service.
“Amongst cloud type, public cloud segment is holding the significant during the forecast period.”
Based on the cloud type, the market is bifurcated into public cloud, private cloud, and hybrid cloud. Among these, the public cloud segment is dominating the Cloud Identity and Access Management market at present. The reasons behind this include increased adoption of public cloud services by enterprises owing to their flexibility, cost-effectiveness, and scalability. However, the private cloud segment is expected to grow rapidly over the next few years due to factors such as improved data security measures and compliance requirements.
“North America to hold a significant share in the market.”
North America contributed the maximum revenue in 2022 and is expected to continue significant growth. This growth is attributed to the presence of prominent technology companies, industry consortiums, and the increasing popularity of managed cloud IAM services in the region. Furthermore, continuous developments in cloud based IAM platforms and the competitive advantage of companies with extensive technical and financial resources are fueling the market growth in North America. The market is also witnessing intense competition and product expansions, further contributing to its growth in the region.
Cloud Identity Access Management Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Cloud Identity Access Management Market Revenue (usd Bn), 2020-2030f
6. Market Insights By Component
7. Market Insights By Cloud Type
8. Market Insights By End-use Industry
9. Market Insights By Region
10. Cloud Identity Access Management Market Dynamics
11. Cloud Identity Access Management Market Opportunities
12. Cloud Identity Access Management Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Cloud Identity Access Management Market Analysis
(2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Cloud Identity Access Management market were the three major steps undertaken to create and analyze the adoption of Cloud Identity Access Management market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Cloud Identity Access Management market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Cloud Identity Access Management market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Cloud Identity Access Management market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, cloud type and end-user industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Cloud Identity Access Management market. Further, we conducted factor analysis using dependent and independent variables such as various components, cloud type and end-user industry Cloud Identity Access Management market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Cloud Identity Access Management market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Cloud Identity Access Management market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Cloud Identity Access Management market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component, cloud type and end-user industry in the global Cloud Identity Access Management market.
The main objective of the Global Cloud Identity Access Management Market Study
The current & future market trends of the global Cloud Identity Access Management market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global Cloud Identity Access Management market?
Q2: What are the driving factors for the growth of the global Cloud Identity Access Management market?
Q3: Which segment has the largest share of the global Cloud Identity Access Management market by End-User Industry?
Q4: Which region will dominate the global Cloud Identity Access Management Market?
Q5: Who are the key players operating in the global Cloud Identity Access Management Market?
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