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Global Cloud Identity and Access Management Software Market 2018-2023: Projected to Register a CAGR of 18.6%, Reaching a Value of $5.76 Billion by 2023

Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Global Cloud Identity and Access Management Software Market - Segmented by Size of Organization (SMEs, Large Organizations), Solution, Deployment, Industry Vertical, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Cloud Identity and Access Management Software Market was valued at USD 2,093.8 million in 2017 and is expected to reach a value of USD 5,761.5 million by 2023, at a CAGR of 18.6% over the forecast period (2018-2023).

The increased cloud adoption has changed how organizations perceive the Identity and Access Management (IAM) and the enterprises must understand that the evolution to cloud computing affects their IAM strategies in two distinct ways as for how it is used and how it is deployed.

Firstly, the cloud has created new management challenges because enterprises must now extend the scope of their IAM to manage users and their access to cloud applications in addition to their on-premise applications.

Secondly, the growing acceptance of cloud-based management tools has opened up a world of possibilities for implementing IAM-as-a-service, a new approach that can increase business agility, speed time to value, and reduce operating costs. Such a broad range of advantages and benefits are expected to drive the growth of cloud identity and access management software market in the near future.

North America is expected to retain its position as the most significant market for cloud IAM solutions, over the forecast period. The strong presence of several market incumbents, coupled with recent security threats in the region, is expected to drive the adoption of these solutions further.

According to the current annual budget plans of the Trump administration, the United States government has earmarked more than USD 19 billion for cybersecurity-related initiatives. This was majorly due to the increasing number of cyber-attacks in the nation.

The total number of cybersecurity incidents reported by federal agencies in the United States has drastically increased from 5,503 in 2006, to 77,183 in 2015.

In 2016, the United States businesses sector was estimated to have recorded the highest number of data breaches ever, constituting about 45% of total data breach incidents reported in the country, followed by the medical/healthcare sector at 35%, and education sector at 10%.

Such high levels of data breach activities are forcing the North American countries to strengthen their security systems, allowing huge opportunities to the cloud identity and access management software market.

Developments in the Market

  • February 2018 - Cisco collaborated with Rackspace to help deliver advanced security for multi-cloud environments. Both the companies are well known for being involved in a strategic partnership for the past 20 years aimed at providing high levels of security for Cisco clients. However, with this turn, Cisco is expected to be delivering Rackspace customers advanced protection against evolving sophisticated threats in their multi-cloud environment.

Key Topics Covered

1. Introduction
1.1 Key Study Deliverables
1.2 Study Assumptions
1.3 Market Definition

2. Research Approach and Methodology
2.1 Analysis Methodology
2.2 Research Phases

3. Executive Summary

4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Drivers and Restraints
4.3 Drivers
4.4 Challenges
4.5 Porter's Five Forces Analysis

5. Technology Snapshot

6. Segmentation By Size of Organization
6.1 SMEs
6.1 Large Organizations

7. Segmentation By Type of Solution
7.1 Audit, Compliance & Governance
7.2 Single Sign-on (SSO) & Federated Provinsing
7.3 Privileged Access Management
7.4 Directory Service
7.5 Others

8. Segmentation By Deployment
8.1 Public
8.2 Private
8.3 Hybrid

9. Segmentation By Industry Vertical
9.1 IT & Telecommunication
9.2 BFSI
9.3 Healthcare
9.4 Entertainment & Media
9.5 Retail
9.6 Education
9.7 Others

10. Segmentation By Region
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Latin America
10.5 Middle East & Africa

11. Competitive Intelligence
11.1 Cyberark Software Ltd.
11.2 CA Technologies
11.3 IBM Corporation
11.4 Microsoft Corporation
11.5 Oracle Corporation
11.6 Okta Inc.
11.7 Centrify Corporation
11.8 Sailpoint Technologies Holdings Inc.
11.9 Auth0 Inc.
11.10 Dell Technologies

12. Investment Analysis


13. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/2ws4vc/global_cloud?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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                    Related Topics: IT Security, Cloud Computing and Storage
                    

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