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The identity and access management (IAM) Industry is growing promptly. IAM is getting big investments as it need less capital in reducing the operative & maintenance expenditure so as results the market is estimated to grow approximately at a CAGR of 35% over the forecast period i.e. 2018-2023. The need for security & privacy of a user’s data is one of the concern matter so as result demand for cloud IAM solutions are also increasing. APAC is the most emerging and one of the fastest growing market followed by America, EMEA.
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A Glimpse of What Lies Ahead for the Cloud Identity Access Management Market(2018-2023)
North America will Dominate the Cloud Identity Access Management Market : North America will dominate the Cloud Identity Access Management Market during the forecast period.This is followed by Europe and Asia Pacific. Asia Pacific is expected to show the highest growth due to the factors such as adoption of cloud by SMEs in the region and development in enterprise IT infrastructure. Regulatory reforms and economic stability are also responsible for the growth of the cloud identity access management in Asia Pacific. Contact : sales@industryarc.com
Selected Regulatory Analysis Done in the Full Report: BFSI, IT & Telecom, and retail will have the largest share in the Cloud identity access management market in the forecast period. Banking, financial services, and insurance sector organisations are using cyber security solutions for detecting, monitoring, and countering cyber threats. Based on the deployment type, the private cloud will dominate the market due to growing security risks when compared to the public cloud and hybrid cloud. Contact : sales@industryarc.com
Selected Driving Factors Mentioned in the Full Report: •Increasing number of cyber attacks and centralized security and management will enhance the cloud identity management. •Growing popularity of BYOD(bring your own devices) in developing countries will catalyse the demand for IAM cloud. •Government regulations will propel the growth of cloud management in the forecast period. •Increasing demand for distributed software applications across industries will accelerate the growth of IAM cloud. Contact : sales@industryarc.com
Key Players of the Cloud Identity Access Management (I.A.M) Market Bitium Cyber ARK Centrify Core security Empowerid Covisint Fischer International Forge Rock Hitachi ID IBM Download Sample Report Contact : sales@industryarc.com
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