Home » Business, Non Profit, Professional Services, Technology, World » Global Cloud Identity and Access Management Market to Expand at 24.73% CAGR from 2016 to 2020 Owing to Increased Demand from BFSI Sector: Hexa Reports

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IAM is a security solution that ensures the accessibility of resources to authorized individuals in a multi-technology environment.

About Cloud IAM

IAM is a security solution that ensures the accessibility of resources to authorized individuals in a multi-technology environment. IAM solutions provide secure identity-based access to on-premises and cloud-based systems, applications, and information from any location. These solutions help enterprises secure application systems by permitting employee access with a single sign-on (SSO) password.

Cloud IAM enables cloud service providers (CSPs) or managed service providers (MSPs) to manage digital identities on the cloud. Providers of these solutions charge a subscription fee for maintaining, monitoring, and upgrading services, including training and support.

Technavio’s analysts forecast the global cloud IAM market to grow at a CAGR of 24.73% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global cloud IAM market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IAM solutions hosted on both private, public, and hybrid cloud deployed as software as a service (SaaS). The report considers licensed suites on both fixed and pay-per-use bases.

The market is divided into the following segments based on region:

North America
Latin America

Technavio’s report, Global Cloud IAM Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors:

CA Technologies
Ping Identity
SailPoint Technologies

Market driver:

Increased demand from BFSI sector

For a full, detailed list, view our report

Market challenge:

Concerns over data security

For a full, detailed list, view our report

Market trend:

Emergence of IaaS and on-demand cloud providers

For a full, detailed list, view our report

Key questions answered in this reports

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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