Global Cloud Identity and Access Management Market 2016-2020

Global cloud IAM market at a glance

Technavio’s market research analyst predicts the global cloud IAM market to grow at a CAGR of close to 25% during the forecast period. One of the major drivers propelling the growth of the market is the increasing demand for cloud IAM from the BFSI sector. The BFSI sector is increasingly implementing cloud IAM solutions to improve risk management and fraud detection, as these solutions prevent fraud in online transactions, credit card-related functions, and insurance claims. Hence, many large financial institutions are replacing outdated solutions and investing heavily in cloud IAM solutions to streamline their workflows. The acceptance of hybrid deployment models for cost-effective functioning is also another factor leading to the high use of cloud IAM in the BFSI sector.

Another major factor that is uplifting the growth of the global cloud IAM market is the emergence of identity as a service (IDaaS), which is a security verification solution developed and controlled by a third-party service provider that allows employees access to cloud-based applications through a single sign-on (SSO) process. Despite the low adoption rate of IDaas during 2015 due to its high cost, the demand for this solution is likely to grow during the forecast period because of its easy implementation and user-friendliness.

Geographical segmentation and analysis of the cloud IAM market

• APAC
• Europe
• Latin America
• MEA
• North America

North America dominated the cloud IAM market during 2015, accounting for a market share of around 45%. The early adoption of cloud IAM solutions within the government organizations, large enterprises, and SMBs in this region is the key driver for the growth of the market. However, the adoption of cloud IAM solutions in this region is expected to decline by the end of 2020 due to market saturation.

Competitive landscape and key vendors

The global players lead the cloud IAM market and are increasing their presence, making it difficult for regional vendors to compete with them on features such as user account management, federated access control and SSO, application and service provisioning and de-provisioning, and subscription pricing. Having the upper hand in the market allows the global players to acquire smaller vendors or pure-play vendors and expand their product portfolio and boost their market share.

The leading vendors in the market are -

• CA Technologies
• Dell
• IBM
• Ping Identity
• Sail Point Technologies

The other prominent vendors of the market include Bitium, Centrify, Covisint, Exostar, Fisher International, Ilantus Technologies, iWelcome, Microsoft, Okta, OneLogin, Oracle, Salesforce, SAP, and Simeio Solutions.

Key questions answered in the report

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global cloud IAM market?
• What are the key market trends impacting the growth of the global cloud IAM market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global cloud IAM market?
• Trending factors influencing the market shares of North America, Europe, APAC, MEA, and Latin America.
• What are the key outcomes of the five forces analysis of the global cloud IAM market?