6 MARKET SEGMENTATION6.1 By Size of Organization6.1.1 SMEs6.1.2 Large Organization6.2 By Type of Solution6.2.1 Audit, Compliance, and Governance6.2.2 Single Sign-on (SSO) and Federated Provisioning6.2.3 Privileged Access Management6.2.4 Directory Service6.2.5 Other Types of Solution6.3 By Type of Deployment6.3.1 Public6.3.2 Private6.3.3 Hybrid6.4 By End-user Vertical6.4.1 IT and Telecommunication6.4.2 BFSI6.4.3 Healthcare6.4.4 Entertainment and Media6.4.5 Retail6.4.6 Education6.4.7 Other End-user Verticals6.5 Geography6.5.1 North America6.5.2 Europe6.5.3 Asia-Pacific6.5.4 Latin America6.5.5 Middle East & Africa
4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Increasing Number of Security Breaches and Related Costs4.3.2 Increasing Trend of Using BYODs in Enterprises4.4 Market Restraints4.4.1 Vulnerability of Cloud-based Applications to Cyber Risks4.5 Value Chain Analysis4.6 Industry Attractiveness – Porter’s Five Forces Analysis4.6.1 Threat of New Entrants4.6.2 Bargaining Power of Buyers/Consumers4.6.3 Bargaining Power of Suppliers4.6.4 Threat of Substitute Products4.6.5 Intensity of Competitive Rivalry
– Most of the cloud advanced organizations in the world are from the North American region, along with the high number of startups (whose most preferred mode of deployment of a solution is cloud). – Along with the highest adoption of cloud-based software services, it is also reported by the ITU (International Telecommunication Union) that North American region is very pro-active and committed toward cybersecurity.– Moreover, benefits, like reduced CAPEX and faster rollouts of updates, are some of the major reason for the adoption of cloud-based identity management solutions in the North American region.– Major adoption of cloud-based IAM in the region is seen in the BFSI sector, and it may continue to rise, as the credit card frauds and breaches accounted for a major share in total number of identity thefts, as reported by the US consumer sentinel network.
– Single sign-on (SSO) is the most recent innovation in identity access management. The compact and highly flexible nature of this solution is attracting a wide range of end users, ranging from IT companies to the manufacturing sector. – In the case of federated provisioning, the solution is a mix of two separate systems called federated identity and provisioning. Federated identity refers to the standards by which identity management responsibilities can be shared between various policy domains, while provisioning is the automation of all the lifecycle steps required to manage user or system access entitlements. – The capability of retaining in-house control of user accounts, while leveraging cloud applications and data is the significant advantage that the federated provisioning solutions offer and are driving the immense growth of these solutions in the market.– Furthermore, the increasing number of social engineering attacks and identity thefts is driving the growth of both single sign-on and federated provisioning in common, especially in the developed countries of North America and Europe.
The “Cloud Identity and Access Management Software Market” 2019-2024 research report provides a detailed overview of industry. It covers the growth aspects of industry. Cloud Identity and Access Management Software market report includes key strategies and the effect of key players in the Cloud Identity and Access Management Software market. Additionally, it provides the market revenue, share, SWOT analysis, growth factors of company as well as manufacturers in the market.