Cloud IAM Market: $34.1B By 2032, 18.8% CAGR - Allied Market Research
Allied Market Research has released a report on the Cloud
Identity and Access Management (IAM) market, projecting substantial growth from
$6.2 billion in 2022 to an estimated $34.1 billion by 2032, with a notable CAGR
of 18.8%. Key drivers include the surge in cybersecurity breaches and
identity-related fraud, coupled with the increasing adoption of cloud computing
and related technologies. Despite potential hindrances such as a lack of
awareness regarding IAM solutions and a fluctuating regulatory landscape, the
report identifies the growing popularity of cloud-based IAM solutions and the
adoption of emerging technologies like AI and biometrics as lucrative
opportunities for market players.
The solution segment, particularly user provisioning, single
sign-on, and multi-factor authentication, is anticipated to maintain its dominance.
The report underscores the significance of the healthcare sector in IAM market
revenue, attributing more than two-fifths of the market share to this industry
vertical. Regionally, North America holds the largest market share, with the
Asia-Pacific region expected to exhibit the highest CAGR of 20.1% from 2023 to
2032. The report concludes with a competition analysis, highlighting recent
product launches by major players such as Google Cloud, Ping Identity, and
Microsoft, as well as notable partnerships, exemplified by the collaboration
between Semperis and NTT DATA.
More Information : https://www.techdogs.com/tech-news/pr-newswire/cloud-identity-and-access-management-market-to-reach-341-billion-by-2032-at-188-cagr-allied-market-research
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