Cloud Directory Services Software Market Insight
Cloud directory services software is a modern implementation of identity management and directory solutions delivered through the cloud. These products help companies store information about individual identities and manage their lifecycles. Cloud directory services software are also available, and they offer support for virtually all IT resources, and there is no need for the on-premise hardware or software required.Simplified policy management, easily adaption to changing data requirements, effective and improved organized hierarchies of data across multiple dimensions are some of the benefits offered by the cloud directory services software.
Impact of COVID-19 on Cloud Directory Services Software Market
1. The emergence of COVID-19 pandemic has severely affected almost all the industries across the world. Companies have continued to expand cloud services during the pandemic. Before the pandemic took hold. Organizations like Microsoft's cloud service Azure and Amazon Web Services to put its quantum computers on the cloud, and the startup is currently working to make them available to the general public.
2. The emergence of new business environment in the wake of Covid-19 is expected to boost cloud services and digitization as companies overhaul their digital infrastructure to deal with new ways of working. Adaptation to cloud services is gaining pace, digitization is accelerated and technology has come to the forefront in the way businesses and work are being carried out.
3. Businesses using the cloud effectively will benefit the most by quickly leveraging the ability to create resilient and disaster-averse systems anywhere around the world protecting data and business application integrity, as well as support an increasingly remote workforce.
4. In addition to this, the increasing deployment of technologies, including AI, machine learning, and IoT, are causing apps and data to be progressively spread across multiple clouds and edge sites. Thus, managing the cloud requirements and improving the efficiency of multiple clouds, cloud directory services will certainly play a huge rule. Thus, these adoptions and rise of multiple cloud during the pandemic and after the pandemic is surely expected to bring lucent opportunities for the cloud directory service software market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in adoption of cloud-based technologies, growing requirements for authentication services, cost effective operations, reduce management of on-premise and hardware management and increased number and complexity of cyber-attacks are some of the major key driving factors for the growth of this market. However, lack of reliability issues and trust on the cloud directory services and inaccurate identity assurance of cloud services and applications may hinder the growth of the market. Growing adoption of bring your own devices, rise in the adoption cyber security are some of the factors which may bring lucent opportunities for the market.
Increase in adoption of cloud technologies in organizations:
Organizations are moving towards cloud and thus, before migrating to the cloud the organization needs to understand the importance of cloud identity and security in order to safeguard their data. The cloud directory service software offers the organization to reduce the time required to manage the on-premise directories. It also helps to secure the directory in the cloud with an interactive web-based interface which allows to manage users, offers enhanced authentication process and improved access control. In addition to this, cloud directory services also helps to manage the organizational hierarchy.
Increase in demand for bring your own device:
The popularity and demand for the mobile devices such as mobile & tablets. The working nature is constantly evolving and organizations are also trying to adapt and thus, now the employees need not to stick on their desk all the time and can use their mobile devices to do their job from anywhere. Thus, flexibility offered by cloud services to mobile users is one of the key driving factors for adoption of cloud technologies. Multiple small and medium enterprises are able to see the benefits such as convenience and productivity of bring your own devices and thus migrating to the cloud technologies. However, to securely run the operations on mobile devices, implementations of identification and authentication is very crucial and thus it is expected to boost lucent opportunities for the market in the upcoming years.
Key benefits of the report:
• This study presents the analytical depiction of the global cloud directory services software market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global cloud directory services software market share.
• The current market is quantitatively analyzed to highlight the global cloud directory services software market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed global cloud directory services software market analysis based on competitive intensity and how the competition will take shape in coming years.
Cloud Directory Services Software Market Report Highlights
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 Key Market Players | Oracle Corp., JumpCloud Corp., OneLogin, Inc, Red Hat Inc., MediaOps Inc., Amazon web services, Microsoft Corp., MiniOrange Inc, Nimbus Logic, Inc, Salesforce SSE |
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