Cloud Identity Access Management (I.A.M ) Market

Date: 2016-05

Cloud Identity and Access Management (IAM) is a next-generation cloud-based management platform which aids organizations better manage their IT in all sectors. The IAM Cloud platform improves the speed and success of IT deployment, enhances business continuity, increases security, reduces cost and complexity, and helps organizations to become more alert and responsive to change.

IAM Cloud is completely cloud hosted. This system does not require any on-premises servers and can replace additional systems like AAD Connect, FIM, ADFS, Dirsync, NetIQ and MIM. On-premises systems such as Active Directory; HR systems such as PeopleSoft and Workday, and other databases are connected to IAM could application with the aid of a simple Agent application. The agent application then securely synchronises the data to the specified Cloud Vault. Also, IT Administrators can set up automation rules to intelligently manage their users, applications, IT policies and security.

IAM cloud offers various advantages such as enhancement of business value and security, reduced IT staff workload, enhanced work productivity and so on. Businesses use IAM cloud in order to comply with best practice standards, whether in healthcare, finance or other sectors.

The global market for IAM cloud was reported to be $xx bn in 2015. The global market for cloud IAM market is estimated to grow at a CAGR of xx% and is forecast to reach $xx bn by 2021. IT, TELECOM and Banking, Financial services & Insurance sector are the major end-users for cloud IAM market. Banking, Financial Services and Insurance sector organizations are increasingly adopting cyber security solutions to monitor, detect, report and counter cyber threats. North America and Europe alone are estimated to occupy a share of more than xx% during 2015-2021.

North America is the leading market for cloud IAM with America leading the charge. In the U.S., the government has issued nearly 400 regulatory policies related to cyber security, which would drive the overall cloud IAM market in the region. Europe region is forecast to have highest growth in the next few years due to growing adoption of cloud IAM in telecom applications. Europe cloud IAM market accounts to xx% of the global market for cloud IAM and is the fastest growing market followed by Americas.

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