Cloud-based Identity and Access Management (IAM) Solutions Market Securing the Cloud Access 2023 to 2030 | IBM, CyberArk, Microsoft, Micro Focus

“Cloud-based Identity and Access Management (IAM) Solutions Market” Report provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.

The Cloud-based Identity and Access Management (IAM) Solutions Market is projected to increase at a compound annual growth rate (CAGR) of 21.1% from 2023 to 2030, reaching USD 20.728.92 million. The rise in cloud computing use, the expansion of cloud-based services and applications, and the growing realization of the value of Identity and Access Management (IAM) solutions in protecting digital assets are the main drivers of this growth. An array of services and technologies known as cloud-based identity and access management (IAM) solutions assist enterprises in controlling user identities and cloud resource access. A consolidated platform for controlling user permissions, enforcing access controls, and auditing user behavior is offered by these solutions.

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Over the past ten years, the Cloud-based Identity and Access Management (IAM) Solutions Market has grown, propelled by the increasing demand for safe access control and the quick use of cloud computing. Large businesses with intricate IT infrastructures and lots of users were the main early adopters of cloud-based identity and access management (IAM) systems. However, due to the rising cost and simplicity of cloud-based solution deployment, the industry has grown quickly to encompass companies of all sizes.

Top Key Players in this Cloud-based Identity and Access Management (IAM) Solutions Market:
IBM, CyberArk, Microsoft, Micro Focus, Okta, RSA, Oracle, AWS, Vmware, Avatier, Curity, ForgeRock, FusionAuth, Groove.id, HID Global, Identity Automation, SailPoint, My1Login, SecureAuth, Omada, One Identity, Saviynt, Optimal IdM, Ping Identity, Radiant Logic, SecZetta, Simeio, Ubisecure, Tools4ever

Global Cloud-based Identity and Access Management (IAM) Solutions Market Split by Product Type and Applications

This report segments the Cloud-based Identity and Access Management (IAM) Solutions Market on the basis of Types:
Cloud IAM for Consumers
Cloud IAM for Workforce

On the basis of Application, the Cloud-based Identity and Access Management (IAM) Solutions Market is segmented into:
SMEs
Large Enterprises

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The Cloud-based Identity and Access Management (IAM) Solutions Market  is characterized by ongoing innovation and growth. The industry has seen recent developments in the form of enhanced authentication and authorization techniques, cloud-native identity and access management (IAM) systems, and the integration of artificial intelligence (AI) and machine learning (ML) capabilities. Cloud-based Identity and Access Management (IAM) systems are becoming more efficient, secure, and scalable thanks to these improvements.

Over the course of the projection period, North America is anticipated to have the highest market share, followed by Europe and Asia Pacific. The early adoption of cloud computing and the abundance of cloud providers in the area are driving growth in North America. The growing need for IAM solutions in the manufacturing and healthcare sectors is fueling the region’s expansion in Europe. The increasing use of cloud computing in emerging markets is driving the rise in the Asia Pacific area.

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