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Cloud Identity Access Management (IAM) Market by Service (User Provisioning, Access Management, Multi-Factor Authentication, Single Sign-on, Directory Services and Password Management) and Deployment Type (Private Cloud, Public Cloud and Hybrid Cloud) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020

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Pages: 110
Jan 2016 | 6142 Views
 
Author's : Rachana Singh
Tables: 33
Charts: 40
 

Cloud Identity Access Management (IAM) Market Overview:

Cloud Identity Access Management (IAM) Market is expected to garner $2.8 Billion By 2020, registering a CAGR of 26.2% during the forecast period 2015 - 2020. Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud IAM service provides secure and identity-based access to various industry verticals such as BFSI, IT & telecom, healthcare, media & entertainment, retail, education, and others. Cloud IAM services help various industrial verticals to manage security by permitting employee access with a user provision, multi-factor authentication, access management, directory management and few other services, thereby preventing the misuse of financial and corporate data. Hence, cloud IAM services are being widely adopted by large organizations, SMBs, and government agencies. Other features of cloud IAM such as single sign-on, access management, and other services, are less effective without user provisioning. However, multi-factor authentication would grow rapidly in the years to come owing to increasing demand for strong authentication. Cloud identity access management (IAM) is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud. At present, integration of IAM with the cloud is gaining pace owing to its low cost and enhanced security. Cloud IAM offers various services such as user provisioning, access management, multi-factor authentication, directory services, single sign-on (SSO), governance & compliance management and password management. Several organizations have adopted cloud IAM to improve customer engagement, acquisition, and retention. A well-designed cloud IAM system helps to prevent data security breach and thereby reduces the possible financial loss due to the same.

The cost-effectiveness of the cloud IAM service compared to the traditional IAM services is one of the major factors driving the adoption of cloud IAM. Enterprises are adopting cloud applications at a large scale owing to the fast dropping rates of bandwidth and storage. It has been estimated that an organization can save more than 35% of the annual cost by adopting cloud IAM services. The accruing costs on organizations due to increasing complexities of cyber-attacks and the costs involved in detection and recovery of losses have expanded the cloud IAM market size across various organizations. In addition, the increasing popularity of Bring Your Own Device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security. Some of the restraints associated with cloud IAM market are security in cloud-based environment, lack of trust in cloud IAM providers and inadequate awareness. Several cloud IAM vendors are aiming at developing more secure IAM solutions at reduced prices; customized according to the specifications of the end consumers.

Therefore, increasing number and complexity of cyber-attacks, BYOD policies adopted by various organizations, increasing adoption of cloud services, centralized security and management and government compliances, are the key factors driving the growth of cloud IAM market. The cloud IAM market is segmented based on deployment type, services, industry verticals, and geography. The services segment is categorized into user provisioning, access management, multi-factor authentication, single sign-on, directory services, password management, and governance & compliance management.

Renowned market players have adopted acquisition as their key strategy to strengthen their technical expertise and to enhance their market foothold. For instance, in 2015, EMC Corporation acquired Virtustream, a cloud computing management software provider, to manage its cloud service business and to enhance its hybrid cloud product portfolio. In 2014, IBM acquired two IAM firms, Lighthouse Security Group and CrossIdeas, to expand and enhance its identity access management (IAM) offerings.

Segment Review

The cloud IAM is segmented based on different industry verticals such as BFSI, IT and telecommunication, healthcare, media & entertainment, retail, education, and others. BFSI, IT & telecom, and retail witnessed highest adoption of cloud IAM services over the forecast period (2015 - 2020). Based on the deployment type, the cloud IAM market is further categorized into private cloud, public cloud, and hybrid cloud. Of the three, private cloud dominated the overall cloud IAM market size owing to the enhanced security risks compared to public cloud and hybrid cloud. The cloud IAM market has been analyzed on the basis of regions, which include North America, Europe, Asia-Pacific, and LAMEA.

Cloud Identity Access Management Segment Review

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Global Cloud Identity Access Management (IAM) Market Share by Service Type, 2014 & 2020

Top Factors Impacting World Cloud Identity Access Management Market

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User provisioning is an important service of cloud IAM market owing to its ability to manage different identities across systems, applications, resources as compared to other types of services. However, access management and multi-function authentication markets are expected to grow significantly during the forecast period. The growth of these services is fueled by increasing threat of data theft and increasing cyber-attacks.

Global Cloud Identity Access Management (IAM) Scenario

Identity access management (IAM) is a security framework which ensures secure access to end users across multiple applications. Cloud identity access management (IAM) is an approach to revamp the traditional IT security environment by offering IAM solutions over the cloud. The notable factors affecting the cloud IAM market are government regulations, increasing cyber-attacks, increasing popularity of bring your own device (BYOD) and various mobility trends in organizations have augmented the end user device authentication security.

Top Investment pockets

The graph below represents the potential of various cloud IAM services that are used for protecting sensitive data and managing digital identities access across the enterprises. User provisioning is one of the most prominent cloud IAM services, followed by single sign-on, governance and compliance management.

Market Dynamics

World Cloud Identity Access Management Market Top Investment Pockets

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Top Factors Impacting Global Cloud IAM Market

Key Benefits:

  •  Comprehensive analysis of current and future market trends in the global cloud IAM market is outlined in the report
  •  The report provides an in-depth analysis of cloud IAM market to identify lucrative investment pockets in the market
  •  The report identifies key drivers, opportunities and restraints that shape the market and provide an impact analysis of these factors over the forecast period
  •  Porter’s Five Forces analysis highlights the potency of buyers and suppliers participating in the cloud IAM market. This would offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network

Cloud IAM Market Key Segmentation:

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

By Service

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

By Industry Vertical

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

By Deployment Type

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segmentation
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Porter’s five forces analysis

3.3.1 Moderate bargaining power of the suppliers due to low brand loyalty, well-educated buyers and customized services
3.3.2 Low switching costs increases the bargaining power of buyers
3.3.3 Undifferentiated service leads to high competition among rivalry
3.3.4 Stringent government policy, undifferentiated products leads to moderate threat of new entrants
3.3.5 No feasible substitute leads to low threat of substitute

3.4 Value chain analysis
3.5 Market share analysis, 2014
3.6 Drivers

3.6.1 Multi-factor authentication
3.6.2 Increasing cyber attacks
3.6.3 Centralized security and management
3.6.4 Government compliances
3.6.5 Increasing trend of BYOD and other mobility trends

3.7 Restraints

3.7.1 Security in cloud based environment
3.7.2 Lack of trust in Cloud IAM Provider
3.7.3 Lack of awareness

3.8 Opportunities

3.8.1 Low cost cloud IAM services

Chapter: 4 WORLD CLOUD IAM MARKET, BY SERVICES

4.1 Introduction

4.1.1 Market size and forecast

4.2 User provision

4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast

4.3 Multi-factor authentication

4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast

4.4 Single sign-on

4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast

4.5 Directory services

4.5.1 Key market trends
4.5.2 Key drivers and opportunities
4.5.3 Market size and forecast

4.6 Access management

4.6.1 Key market trends
4.6.2 Key drivers and opportunities
4.6.3 Market size and forecast

4.7 Password management

4.7.1 Key market trends
4.7.2 Key drivers and opportunities
4.7.3 Market size and forecast

4.8 Governance and compliance management

4.8.1 Key market trends
4.8.2 Key drivers and opportunities
4.8.3 Market size and forecast

Chapter: 5 WORLD CLOUD IAM MARKET, BY INDUSTRY VERTICALS

5.1 Introduction

5.1.1 Market size and forecast

5.2 Banking, financial services and insurance (BFSI)

5.2.1 Market size and forecast

5.3 IT & Telecom

5.3.1 Market size and forecast

5.4 Healthcare

5.4.1 Market size and forecast

5.5 Retail

5.5.1 Market size and forecast

5.6 Education

5.6.1 Market size and forecast

5.7 Media & entertainment

5.7.1 Market size and forecast

5.8 Others (energy, oil and gas, public sector and utilities)

5.8.1 Market size and forecast

Chapter: 6 WORLD CLOUD IAM MARKET, BY DEPLOYMENT TYPE

6.1 Introduction

6.1.1 Market size and forecast

6.2 Public cloud

6.2.1 Key market trends
6.2.2 Competitive scenario
6.2.3 Key growth factors and opportunities
6.2.4 Market size and forecast

6.3 Private cloud

6.3.1 Key market trends
6.3.2 Competitive scenario
6.3.3 Key growth factors and opportunities
6.3.4 Market size and forecast

6.4 Hybrid cloud

6.4.1 Key market trends
6.4.2 Competitive scenario
6.4.3 Key growth factors and opportunities
6.4.4 Market size and forecast

Chapter: 7 WORLD CLOUD IAM MARKET, BY GEOGRAPHY

7.1 Introduction
7.2 North America

7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Key drivers and opportunities
7.2.4 Market size and forecast

7.3 Europe

7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key drivers and opportunities
7.3.4 Market size and forecast

7.4 Asia-Pacific

7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key drivers and opportunities
7.4.4 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends
7.5.2 Competitive scenario
7.5.3 Key drivers and opportunities
7.5.4 Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1 International Business Machines Corporation (IBM)

8.1.1 Company overview
8.1.2 Business performance
8.1.3 Strategic moves and developments
8.1.4 SWOT analysis of IBM Corp.

8.2 Microsoft Corporation

8.2.1 Company overview
8.2.2 Business performance
8.2.3 Strategic moves and developments
8.2.4 SWOT analysis of Microsoft Corporation

8.3 CA, Inc.

8.3.1 Company overview
8.3.2 Business performance
8.3.3 Strategic moves and developments
8.3.4 SWOT analysis of CA, Inc.

8.4 Dell Secure Works Inc.

8.4.1 Company overview
8.4.2 Strategic moves and developments
8.4.3 SWOT analysis of Dell Secure Works

8.5 Oracle Corporation

8.5.1 Company overview
8.5.2 Business performance
8.5.3 Strategic moves and development
8.5.4 SWOT analysis of Oracle Corporation

8.6 Intel Corporation

8.6.1 Company overview
8.6.2 Business performance
8.6.3 Strategic moves and developments
8.6.4 SWOT analysis of Intel Corporation

8.7 EMC Corporation

8.7.1 Company overview
8.7.2 Business performance
8.7.3 Strategic moves and developments
8.7.4 SWOT analysis of EMC Corporation

8.8 Hewlett Packard Company

8.8.1 Company overview
8.8.2 Business performance
8.8.3 Strategic moves and developments
8.8.4 SWOT analysis of Hewlett Packard Company

8.9 Sailpoint Technologies, Inc.

8.9.1 Company overview
8.9.2 Strategic moves and developments
8.9.3 SWOT analysis of Sailpoint Technologies, Inc.

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE CLOUD IAM MARKET (2013-2015)
FIG. 3 TOP WINNING STRATEGIES (PERCENTAGE COMPARISON) (2013-2015)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 PORTER’S FIVE FORCES ANALYSIS OF CLOUD IAM MARKET
FIG. 6 VALUE CHAIN ANALYSIS OF CLOUD IAM MARKET
FIG. 7 MARKET SHARE ANALYSIS OF CLOUD IAM MARKET, 2014
FIG. 8 DIGITAL BUYER PENETRATION, 2014 (%)
FIG. 9 CLOUD IAM MARKET REVENUE BY GEOGRAPHY (PERCENTAGE COMPARISION), 2014
FIG. 10 REVENUE OF IBM CORP. (2012–2014, $MILLION)
FIG. 11 REVENUE OF IBM CORP. BY BUSINESS SEGMENT (%), 2014
FIG. 12 REVENUE OF IBM CORP. BY REGION (%), 2014
FIG. 13 SWOT ANALYSIS OF IBM CORP.
FIG. 14 REVENUE OF MICROSOFT CORPORATION, 2013-2015 ($MILLION)
FIG. 15 REVENUE OF MICROSOFT CORPORATION, BY PRODUCTS AND SERVICES (%), 2015
FIG. 16 REVENUE OF MICROSOFT CORPORATION, BY REGION (%), 2015
FIG. 17 SWOT ANALYSIS OF MICROSOFT CORPORATION
FIG. 18 REVENUE OF CA, INC., 2013-2015 ($MILLION)
FIG. 19 REVENUE OF CA, INC., BY REGION (%), 2014
FIG. 20 SWOT ANALYSIS OF CA, INC.
FIG. 21 SWOT ANALYSIS OF DELL SECUREWORKS
FIG. 22 REVENUE OF ORACLE CORPORATION COMPANY, 2013-2015 ($MILLION)
FIG. 23 HARDWARE SYSTEMS REVENUE OF ORACLE CORPORATION (%), 2015
FIG. 24 REVENUE OF ORACLE CORPORATION BY REGION (%), 2015
FIG. 25 REVENUE OF ORACLE CORPORATION BY OPERATIONS (%), 2015
FIG. 26 SOFTWARE AND CLOUD REVENUES OF ORACLE CORPORATION (%), 2015
FIG. 27 SWOT ANALYSIS OF ORACLE CORPORATION
FIG. 28 REVENUE OF INTEL CORPORATION, 2012-2014 ($MILLION)
FIG. 29 REVENUE OF INTEL CORPORATION BY SEGMENT (%), 2014
FIG. 30 REVENUE OF INTEL CORPORATION BY REGION (%), 2014
FIG. 31 SWOT ANALYSIS OF INTEL CORPORATION
FIG. 32 REVENUE OF EMC CORPORATION, 2012-2014 ($MILLION)
FIG. 33 REVENUE OF EMC CORPORATION BY SEGMENT (%), 2014
FIG. 34 REVENUE OF EMC CORPORATION BY REGION (%), 2014
FIG. 35 SWOT ANALYSIS OF EMC CORPORATION
FIG. 36 REVENUE OF HEWLETT-PACKARD COMPANY 2012-2014 ($MILLION)
FIG. 37 REVENUE OF HEWLETT-PACKARD COMPANY BY GEOGRAPHY (%), 2014
FIG. 38 REVENUE OF HEWLETT-PACKARD COMPANY BY BUSINESS SEGMENT (%), 2014
FIG. 39 SWOT ANALYSIS OF HEWLETT PACKARD COMPANY
FIG. 40 SWOT ANALYSIS OF SAILPOINT TECHNOLOGIES, INC.

List of Tables

TABLE 1 WORLD CLOUD IAM MARKET, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 2 WORLD CLOUD IAM MARKET BY SERVICE, 2014-2020 ($MILLION)
TABLE 3 WORLD USER PROVISION MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 4 WORLD MULTI-FACTOR AUTHENTICATION MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 5 WORLD SINGLE SIGN-ON MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 6 WORLD DIRECTORY SERVICES MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 7 WORLD ACCESS MANAGEMENT MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 8 WORLD PASSWORD MANAGEMENT MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 9 WORLD GOVERNMENCE AND COMPLIANCE MANAGEMENT MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 10 WORLD CLOUD IAM MARKET BY APPLICATION, 2014-2020 ($MILLION)
TABLE 11 WORLD BFSI CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 12 WORLD IT & TELECOM CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 13 WORLD HEALTHCARE CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 14 WORLD RETAIL CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 15 WORLD EDUCATION CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 16 WORLD MEDIA AND ENTERTAINMENT CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 17 WORLD OTHERS (ENERGY, OIL AND GAS, PUBLIC SECTOR AND UTILITIES) CLOUD IAM MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 18 WORLD CLOUD IAM MARKET BY DEPLOYMENT TYPE, 2014-2020 ($MILLION)
TABLE 19 WORLD PUBLIC CLOUD MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 20 WORLD PRIVATE CLOUD MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 21 WORLD HYBRID CLOUD MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 22 NORTH AMERICA CLOUD IAM MARKET BY SERVICE, 2014-2020 ($MILLION)
TABLE 23 EUROPE CLOUD IAM MARKET BY SERVICE, 2014-2020 ($MILLION)
TABLE 24 ASIA-PACIFIC CLOUD IAM MARKET BY SERVICE, 2014-2020 ($MILLION)
TABLE 25 LAMEA CLOUD IAM MARKET BY SERVICE, 2014-2020 ($MILLION)
TABLE 26 SNAPSHOT OF IBM CORPORATION
TABLE 27 SNAPSHOT OF MICROSOFT CORPORATION
TABLE 28 SNAPSHOT OF CA, INC.
TABLE 29 SNAPSHOT OF DELL SECUREWORKS
TABLE 30 SNASHOT OF ORACLE CORPORATION
TABLE 31 SNAPSHOT OF INTEL CORPORATION
TABLE 32 SNAPSHOT OF EMC CORPORATION
TABLE 33 SNAPSHOT OF HEWLETT PACKARD COMPANY
TABLE 34 SNAPSHOT OF SAILPOINT TECHNOLOGIES, INC.

 

Cloud identity and access management (IAM) is one of the evolving cloud services in cloud security market. Cloud IAM has witnessed a consistent growth in developed regions over the years. Increasing cyber-attacks, growing trend of BYOD & other mobility trends, centralized security and management, and compliance to regulations have primarily supplemented the growth of the industry. 

North America is expected to dominate the global cloud IAM market throughout the forecast period. Growth in the North American market is primarily driven by government support and presence of huge number of large organizations. In addition, in 2012, U.S. government has spent $724 million on cloud computing which has further propelled the cloud market in the region. Moreover, cloud adoption by small and medium organizations in Europe and Asia-Pacific owing to budget constraint has boosted the market for cloud IAM services.

User provisioning service dominates the world cloud IAM market as it creates and manages user accounts across IT systems, without which other features of cloud IAM such as single sign-on, access management and other services are less effective. In addition, multi-factor authentication is expected to witness notable growth due to burgeoning need for strong authentication, legislative compliances, inter border security requirements, and enterprise data securities. Moreover, the governance and compliance management market is expected to grow due to increasing number of data breaches and stringent regulatory compliances. The private cloud segment dominated the overall cloud IAM market as it offers better security compared to public cloud and hybrid cloud based deployment.

The cloud IAM market generates revenue from varied industries such as BFSI, healthcare and retail among others as identity and access management is an integral need for every sector; either to meet regulations or sustain in the competitive environment. Currently, IT & telecom is the biggest revenue contributor due to various government regulations with respect to the data privacy and security of digital data records and increasing adoption of BYOD trend in this sector. 

Prominent companies operating in the world cloud IAM market have adopted acquisition, agreements, partnerships and product launches as their major growth strategies to gain significant foothold in the market and expand their product portfolio.

 

 

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