Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Cloud Identity and Access Management (IAM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cloud Identity Access and Management (IAM) Market to Reach $33.9 Billion by 2030
The global market for Cloud Identity Access and Management (IAM) estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$33.9 Billion by 2030, growing at a CAGR of 26.1% over the analysis period 2022-2030.
User Provisioning, one of the segments analyzed in the report, is projected to record a 26.6% CAGR and reach US$14.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Single Sign-on segment is readjusted to a revised 27.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 29.8% CAGR
The Cloud Identity Access and Management (IAM) market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 29.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.8% and 23.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 23.2% CAGR.
Looking Ahead to 2023
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes
| Report Attribute | Details |
| No. of Pages | 795 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.3 Billion |
| Forecasted Market Value (USD) by 2030 | $33.9 Billion |
| Compound Annual Growth Rate | 26.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- An Introduction to Identity and Access Management
- Cloud IAM: Market Prospects and Outlook
- Competition
- World Brands
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Cloud IAM Poised to Benefit from the Stable Growth for the Global IAM Market
- Significant Advantages of Cloud IAM Amidst Rising Security Threats Supports Market Growth
- Emergence of New and Complex Cyber Threats to Organizational IP Turns Focus onto Cloud IAM
- Enterprises Migrating to Cloud Fuel the Demand for Cloud IAM Solutions
- Multi-Cloud A Preferred Strategy for Large Enterprises: Percentage Breakdown of Cloud Strategy by Companies
- Cloud IAMaaS Continues to Gain Traction
- Increasing Use of IoT Infrastructure Spurs Demand for Cloud IAM
- Rise in Small and Medium Enterprises Presents Opportunity for Cloud IAM
- BYOD and Cloud Services to Drive Cloud IAM Market
- Internet-Oriented Businesses Face Security Issues including Identity Theft Challenges for Enterprises and Industries, Driving Need for Cloud IAM Solutions
- Changing Compliance and Regulatory Environment and Growing Financial Pressures Drive Cloud IAM Market
- Defining Cloud IAM Policy: Essential Element of Cloud IAM Strategy
- Market Set to Benefit from the Growing Demand for Cloud-Based SSO
- Key Technology Trends in IAM and Cloud IAM Markets
FOCUS ON SELECT PLAYERS (Total 111 Featured)
- Amazon Web Services
- Broadcom, Inc.
- Centrify Corporation
- Dell Technologies
- Google Cloud
- HP Enterprise
- IBM Corporation
- Intel Corporation
- Micro Focus
- Microsoft Corporation
- Okta, Inc.
- OneLogin, Inc.
- Oracle Corporation
- Ping Identity Corporation
- Sailpoint Technologies Inc
- Salesforce.com, Inc.
- Ubisecure, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/k8sk86
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