The report states that the Cloud IAM Market market is expected to reach the valuation of ~US$ 25,539.2 Million by the end of 2032.
According to the cloud IAM market analysis by Future Market Insights (FMI), the adoption of cloud IAM market is estimated to grow with a CAGR of 18.3% from 2022 to 2032.
The report states that the market is expected to reach a valuation of ~US$ 25,539.2 Million by the end of 2032. Growth is primarily attributed to the integration of artificial intelligence and machine learning in IAM solutions.
Artificial intelligence combined with analytics can provide contextually and focused insights so that both non-technical and technical employees can work more time-efficient. These advanced technologies help to speed up the present IAM compliance controls.
It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to that many IAM solution providers started adding behavioral data analytics with the help of ML technology to improve security tactics.
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Key Takeaways: Cloud IAM Market
Growing Adoption of BOYD Across Organizations
A variety of mobility movements in organizations have increased security measures to verify or authenticate the end-user machine. Increasing penetration of tables, personal devices, and mobiles helps employees to connect to the network of the organizations through their personal devices.
In recent times, employees are preferred to use their own devices instead of using office desktops or laptops. It ultimately creates the need for cloud IAM solutions to access the network. Therefore, the growing adoption of BOYD by many organizations ultimately fuels the demand for IAM solutions.
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Cloud IAM Outlook by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 06, 2023