Cloud Identity and Access Management Market Size, Share, Growth, Analysis, Key Players Forecast 2023-2033

During the forecast period of 2023-2033, the global cloud identity and access management (IAM)market is expected to reach an estimated value of ~USD 21 billion by 2033, by expanding at a significant CAGR of ~21%. The market further generated a revenue of ~USD 3 billion in the year 2022. Major key factors propelling the growth of the global cloud identity and access management (IAM)market worldwide are rising penetration of the internet as well as the increasing use of cloud along with growing concerns regarding identity scams.

Get a PDF Sample for more detailed market insights:

Market Definition of Cloud Identity and Access Management (IAM)

Identity and access management (IAM) gives administrators complete power and visibility to manage cloud resources centrally by allowing them to approve who can conduct actions on particular resources. IAM offers a unified view of security policy throughout the whole organization, with built-in auditing to streamline compliance processes, and is ideal for businesses with complicated organizational structures, hundreds of workgroups, and several projects. IAM offers solutions to efficiently and highly automate the management of resource authorization. Users only have access to the information they require to do their tasks, and administrators may quickly give default permissions to huge groups of users.

Global Cloud Identity and Access Management (IAM) Market: Growth Drivers

The growth of the global cloud identity and access management (IAM) market can majorly be attributed to the increase in identity fraud scams and a global increase in concern over identity theft. For instance, it was determined that identity fraud scams caused overall fraud losses of USD 43 million in the USA in 2021. Additionally, owing to the increase in cyberattacks, there is a growing need for cloud identity and access management, which is anticipated to generate enormous revenue possibilities for the leading players in the worldwide cloud identity and access management market over the course of the projected period. Furthermore, the growing use of software as a service (SaaS) in multiple organizations across the world is estimated to boost market growth. It was found that, in 2021, over 90% of organizations used one or more SaaS solutions and these user numbers are predicted to rise significantly during the forecast period.

The global cloud identity and access management (IAM) market is also estimated to grow majorly on account of the following:

  • Increasing concern regarding identity security
  • Rising incidences of identity theft
  • Increasing data and data management complexity
  • Growing penetration of the internet

Global Cloud Identity and Access Management (IAM) Market: Restraining Factor

There is a chance that users will have username and password fatigue, which they may express as a result of having to remember too many passwords. A comprehensive IAM strategy that layers in additional IAM and security technologies include a password manager and many users are unaware of the password security system too. Hence this factor is expected to be the major hindrance for the growth of the global cloud identity and access management (IAM) market during the forecast period.

Get a Sample PDF Brochure:

Global Cloud Identity and Access Management (IAM) Market Segmentation 

  • By Deployment Model (Cloud, On-premises, and Hybrid)

The cloud segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2033. The growth of the segment can be ascribed to the increase in enterprise cloud computing adoption and growth in the amount of data being kept in the cloud globally. For instance, more than 65% of enterprise infrastructures were estimated to be cloud-based in 2021 and this percentage is predicted to increase further during the projected time period.

  •  By Enterprise Size {Large Enterprises, Small-to-Medium Enterprise (SMEs)}
  • By Component (Solution, Services)
  • By Industry {Information Technology (IT), Banking, Financial Services and Insurance (BFSI), Travel and Hospitality, Healthcare, Retail and e-Commerce, Energy and Utilities, Telecommunication}
  • By Region

The North America cloud identity and access management (IAM) market is anticipated to hold the largest market share by the end of 2033 among the market in all the other regions. The growth of the market can be attributed to the region’s increasing reliance on online systems and high demand for precise and automatic data management systems. In addition to this, the growing usage of cloud-based data storage, and the federal government’s expanding usage of the cloud are predicted to boost the market growth. For instance, it was discovered that in 2020, more than half of all state, local, and federal agencies in the United States had some or all of their systems and solutions in the cloud.

The market research report on global cloud identity and access management (IAM) also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Cloud Identity and Access Management (IAM) Market

Some of the key players of the global cloud identity and access management (IAM) market are Quest Software Inc. (OneLogin, Inc.), Delinea Inc., Ping Identity Corporation, Broadcom Inc. (CA Technologies), Sailpoint Technologies Holdings, Inc., IBM Corporation, Microsoft Corporation, and others.

Request a sample to obtain authentic analysis and comprehensive market insights at:-

Votes: 0
E-mail me when people leave their comments –

Hi guys I am the content manager at Research Nester Pvt Ltd. our company specializes in market research and custom research in healthcare, IT, Chemical ,Electronics and much more. We have clients from over 50+ countries and offer high end services in 10+ industries.

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!