The Worldwide Cloud Identity and Access Management Industry is Expected to Reach $16.2 Billion by 2027 - ResearchAndMarkets.com

DUBLIN, December 09, 2021--(BUSINESS WIRE)--The "Cloud Identity and Access Management (IAM) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Cloud Identity Access and Management (IAM) estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$16.2 Billion by 2027, growing at a CAGR of 26.7% over the analysis period 2020-2027.

User Provisioning, one of the segments analyzed in the report, is projected to grow at a 27.3% CAGR to reach US$7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Single Sign-on segment is readjusted to a revised 28.6% CAGR for the next 7-year period. This segment currently accounts for a 16.2% share of the global Cloud Identity Access and Management (IAM) market.

The U.S. Accounts for Over 40.6% of Global Market Size in 2020, While China is Forecast to Grow at a 30.8% CAGR for the Period of 2020-2027

The Cloud Identity Access and Management (IAM) market in the U.S. is estimated at US$1.3 Billion in the year 2020. The country currently accounts for a 40.58% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.1 Billion in the year 2027 trailing a CAGR of 30.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.3% and 23.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.8% CAGR while Rest of European market (as defined in the study) will reach US$2.1 Billion by the year 2027.

Governance & Compliance Management Segment Corners a 12.9% Share in 2020

In the global Governance & Compliance Management segment, USA, Canada, Japan, China and Europe will drive the 24.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$298.9 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.

Select Competitors (Total 111 Featured) -

• Amazon Web Services

• Broadcom, Inc.

• Centrify Corporation

• Dell Technologies

• Google Cloud

• HP Enterprise

• IBM Corporation

• Intel Corporation

• Micro Focus

• Microsoft Corporation

• Okta, Inc.

• OneLogin, Inc.

• Oracle Corporation

• Ping Identity Corporation

• Sailpoint Technologies Inc

• Salesforce.com, Inc.

• Ubisecure, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• An Introduction to Identity and Access Management

• Cloud IAM: Market Prospects and Outlook

• Competition

• World Brands

• Recent Market Activity

• Cloud IAM Poised to Benefit from the STable Growth for the Global IAM Market

• Significant Advantages of Cloud IAM Amidst Rising Security Threats Supports Market Growth

• Emergence of New and Complex Cyber Threats to Organizational IP Turns Focus onto Cloud IAM

• Enterprises Migrating to Cloud Fuel the Demand for Cloud IAM Solutions

• Cloud IAMaaS Continues to Gain Traction

• Increasing Use of IoT Infrastructure Spurs Demand for Cloud IAM

• Rise in Small and Medium Enterprises Presents Opportunity for Cloud IAM

• BYOD and Cloud Services to Drive Cloud IAM Market

• Internet-Oriented Businesses Face Security Issues including Identity Theft Challenges for Enterprises and Industries, Driving Need for Cloud IAM Solutions

• Changing Compliance and Regulatory Environment and Growing Financial Pressures Drive Cloud IAM Market

• Defining Cloud IAM Policy: Essential Element of Cloud IAM Strategy

• Market Set to Benefit from the Growing Demand for Cloud-Based SSO

• Key Technology Trends in IAM and Cloud IAM Markets

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/e3vv2m

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005474/en/

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