According to the cloud IAM market analysis by Future Market Insights (FMI), the adoption of the cloud IAM market is estimated to grow with a CAGR of 18.3% from 2022-2032.
The report states that the market is expected to reach a valuation of ~US$ 25,539.2 Mn by the end of 2032. Growth is primarily attributed to the integration of artificial intelligence and machine learning in IAM solutions.
Artificial intelligence combined with analytics can provide contextual and focused insights so that both non-technical and technical employees can work more time-efficient. These advanced technologies help to speed up the present IAM compliance controls.
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It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to that many IAM solution providers started adding behavioral data analytics with the help of ML technology to improve security tactics.
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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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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