Asia-Pacific Cloud Identity and Access Management (IAM) Market CAGR of 29.3% Current Growth 2021, Size, Future Trends, Emerging Technologies, Global Regions with Industry Share Analysis, Impact of COVID-19, Gross Margin, Regional Demand and Forecast to 2027

(Heraldkeepers via Comtex)

Asia-Pacific Cloud IAM Market is expected to garner $574 million by 2020, registering a CAGR of 29.3% during the period 2015-2020. Cloud Identity and access (IAM) management is a business security framework that manages digital identities which ensures secure access to end users across multiple applications.

Cloud IAM is one of the evolving cloud services in cloud security market, exhibiting consistent growth in developed Asia Pacific countries over the years. The significantly increasing cloud adoption amongst enterprises both large and SMEs is the key driving factor.

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Additionally, the supplementing factors such as the increasing number of cyber-attacks, growing BYOD and other mobility trends, centralized access management and regulations for data protection & security are driving the growth of this market. Distrust on cloud IAM providers and inadequate awareness of cloud IAM, are some of the major factors limiting the growth of the cloud IAM market.

Several cloud IAM vendors are aiming at developing more secure IAM solutions, customized according to specifications of end consumers at reduced prices, thereby creating numerous opportunities for the market. The prominent companies operating in the Asia-Pacific cloud IAM market have adopted acquisition, agreements, partnerships and product launch as their major growth strategies to gain a significant foothold in the market and expand their product portfolio. In addition, increased focus of prominent cloud services providing companies on emerging economies is driving investments in cloud IAM in Asia-Pacific.

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The Asia-Pacific cloud IAM market is segmented based on deployment type, services, industry verticals and country. The cloud IAM services include user provisioning, access management, multi factor authentication, single sign-on, directory services, password management, and governance & compliance management.

Asia-Pacific cloud IAM market is segmented based on different industry verticals, into BFSI, IT and telecommunication, healthcare, media & entertainment, retail, education and others. IT & telecom and BFSI witnessed the highest adoption of Asia-Pacific cloud IAM services over the forecast period (2015-2020). Based on deployment type, the market is further categorized into private cloud, public cloud and hybrid cloud.

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Among the three, private cloud dominated the overall Asia-Pacific cloud IAM market owing to enhanced security risks as compared to public cloud and hybrid cloud. The market has been analyzed on the basis of countries which include Japan, Australia, Singapore, South Korea, China and Rest of Asia-Pacific. Some of the

key players operating in the market include IBM Corporation, Fujitsu, Microsoft Corporation, SailPoint Technologies, Inc., EMC Corporation, CA Technologies, Oracle Corporation, Hewlett-Packard Company, Dell, Inc. and Intel Corporation.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

The study provides an in-depth analysis of the Asia-Pacific cloud IAM market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
The report identifies key drivers, opportunities and restraints that shape the market and provide an impact analysis of these factors during the forecast period
Quantitative analysis of the current market and estimations during the period of 2015-2020 have are provided to highlight the financial appetency of the market
SWOT analysis of key market players highlight essential strengths and potential opportunities in the market

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According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

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CLOUD IDENTITY & ACCESS MANAGEMENT MARKET SEGMENTATION

The market is segmented on the basis of deployment type, services, industry vertical and geography.

MARKET BY SERVICES

User Provisioning
Access Management
Multi Factor Authentication
Single Sign-on
Directory Services
Password Management
Governance & Compliance Management

MARKET BY INDUSTRY VERTICALS

BFSI
IT & Telecommunication
Healthcare
Media & Entertainment
Education
Retail
Others (Energy, Oil and Gas, Public Sector and Utilities)

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MARKET BY DEPLOYMENT TYPE

Private Cloud
Public Cloud
Hybrid Cloud

MARKET BY COUNTRY

Japan
Australia
Singapore
South Korea
China
Rest of Asia-Pacific (India, Malaysia and Indonesia)

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The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the Multi-Cloud Management Market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market's growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Reports on the market include the growth rate of every region, based on their countries over the forecast period.

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The report analyzes companies across the globe in detail.

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This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

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Source - HeraldKeeper
Note: The Heraldkeeper News Department was not involved in the creation of this content.

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COMTEX_397752918/2582/2021-11-26T01:18:59