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Cloud Identity and Access Management Software Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

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The “Cloud Identity and Access Management Software Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Cloud Identity and Access Management Software market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Cloud Identity and Access Management Software market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The cloud identity and access management software market was valued at USD 2,463.21 million in 2018, and it is expected to reach a value of USD 6843.23 million by 2024, at a CAGR of 18.77% over the forecast period (2019-2024).
  • – Cloud identity and access management (IAM) technology is used to initiate, capture, record, and manage multiple user identities and their access permissions. All users are authenticated, authorized, and evaluated, according to the company policies and their respective roles.
  • – Cloud technology is changing the way businesses work, driven by the cost efficiencies and economies of scale. However, lack of proper security measures can undermine the benefits of cloud computing. This calls for a fundamental need for security solutions, including security for identity-related crimes, and hence, drives the market for cloud identity and access management.
  • – Among the types of cloud deployment being used in the market, public cloud accounted for the largest market share, owing to their increased adoption across different verticals. However, hybrid cloud deployment is expected to witness the highest CAGR over the forecast period, because of growing adoption among small- and medium-sized enterprises.
  • – Increasing penetration of mobiles and tablets has enabled employees to connect to the enterprise network through their mobiles and laptops. Instead of using their old office desktops, employees like to use their own devices in enterprises, which increases the need for cloud identity and access management software, and hence drives the market studied.

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    In Cloud Identity and Access Management Software Market Report, Following Companies Are Covered:

  • Cyberark Software Ltd
  • CA Technologies
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Okta Inc.
  • Centrify Corporation
  • Sailpoint Technologies Holdings Inc.
  • Auth0 Inc.
  • Dell Technologies

    Cloud Identity and Access Management Software Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • The cloud identity and access management market includes cloud-based identity and access management solutions, which include the software that are deployed on cloud and used for preventing identity threats in an enterprise. The end-user verticals include IT and telecommunication, healthcare, BFSI, media and entertainment, retail, and education.

    Reasons for Buying Cloud Identity and Access Management Software Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Single Sign-on (SSO) and Federated Provisioning is Expected to Witness the Highest Growth

    – Single sign-on (SSO) is the most recent innovation in identity access management. The compact and highly flexible nature of this solution is attracting a wide range of end users, ranging from IT companies to the manufacturing sector.
    – In the case of federated provisioning, the solution is a mix of two separate systems called federated identity and provisioning. Federated identity refers to the standards by which identity management responsibilities can be shared between various policy domains, while provisioning is the automation of all the lifecycle steps required to manage user or system access entitlements.
    – The capability of retaining in-house control of user accounts, while leveraging cloud applications and data is the significant advantage that the federated provisioning solutions offer and are driving the immense growth of these solutions in the market.
    – Furthermore, the increasing number of social engineering attacks and identity thefts is driving the growth of both single sign-on and federated provisioning in common, especially in the developed countries of North America and Europe.

    North America Occupies the Largest Market Share

    – Most of the cloud advanced organizations in the world are from the North American region, along with the high number of startups (whose most preferred mode of deployment of a solution is cloud).
    – Along with the highest adoption of cloud-based software services, it is also reported by the ITU (International Telecommunication Union) that North American region is very pro-active and committed toward cybersecurity.
    – Moreover, benefits, like reduced CAPEX and faster rollouts of updates, are some of the major reason for the adoption of cloud-based identity management solutions in the North American region.
    – Major adoption of cloud-based IAM in the region is seen in the BFSI sector, and it may continue to rise, as the credit card frauds and breaches accounted for a major share in total number of identity thefts, as reported by the US consumer sentinel network.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Cloud Identity and Access Management Software create from those of established entities?

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    Detailed TOC of Cloud Identity and Access Management Software Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Number of Security Breaches and Related Costs
    4.3.2 Increasing Trend of Using BYODs in Enterprises
    4.4 Market Restraints
    4.4.1 Vulnerability of Cloud-based Applications to Cyber Risks
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Size of Organization
    6.1.1 SMEs
    6.1.2 Large Organization
    6.2 By Type of Solution
    6.2.1 Audit, Compliance, and Governance
    6.2.2 Single Sign-on (SSO) and Federated Provisioning
    6.2.3 Privileged Access Management
    6.2.4 Directory Service
    6.2.5 Other Types of Solution
    6.3 By Type of Deployment
    6.3.1 Public
    6.3.2 Private
    6.3.3 Hybrid
    6.4 By End-user Vertical
    6.4.1 IT and Telecommunication
    6.4.2 BFSI
    6.4.3 Healthcare
    6.4.4 Entertainment and Media
    6.4.5 Retail
    6.4.6 Education
    6.4.7 Other End-user Verticals
    6.5 Geography
    6.5.1 North America
    6.5.2 Europe
    6.5.3 Asia-Pacific
    6.5.4 Latin America
    6.5.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Cyberark Software Ltd
    7.1.2 CA Technologies
    7.1.3 IBM Corporation
    7.1.4 Microsoft Corporation
    7.1.5 Oracle Corporation
    7.1.6 Okta Inc.
    7.1.7 Centrify Corporation
    7.1.8 Sailpoint Technologies Holdings Inc.
    7.1.9 Auth0 Inc.
    7.1.10 Dell Technologies

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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