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NEW YORK, Oct. 7, 2020 /PRNewswire/ -- The corona virus pandemic has accelerated adoption of cloud computing with "cloud first" and "cloud only" becoming mainstay IT approaches for companies of all sizes and types. The pandemic confined people to homes, closed down offices, halted transport, and virtually brought social and economic life to a grinding halt. To cope with the abrupt cessation of all operational activities, the world shifted gears to a remote working mode almost overnight. A key technology playing a crucial role in enabling remote operations like cloud computing. The technology has witnessed massive increase in adoption in the 1st quarter 2020. Desperate companies to ensure business continuity in the face of unprecedented crisis have seized cloud computing along with mobile technology to enable employees work from any location with internet access, via a virtual desktop or remote infrastructure. Cloud provides a virtual environment where employees can access all the information they normally do in a physical office. Documents and data can be safety accessed from any location. The technology is best loved for its ability to enable shared access to information centrally located on a single server. In addition to agility and flexibility, cloud also offers greater levels of security for remote working. From user-specific passwords to encryption of files, cloud offers a wide variety of security tools. Other benefits include enablement of true mobility; easy update and maintenance of cloud-based systems; effective backup and easy retrieval of lost or damaged data which is especially important when separated teams have access to just basic forms of home IT tools. Connected computers can automatically backup files, emails or digital records to cloud-servers.

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It's the Cloud that Allows Dynamic Scaling to Accommodate X Times Increase in Remote Working

Over the last three months,88% of IT companies worldwide migrated their employees to work-from-home (WFH) during the pandemic. 92% of teams in Asia-Pacific have implemented WFH since the outbreak highlighting the need to flatten the curve in countries with less than adequate healthcare resources. 45% of employees cite COVID-19 as the trigger for rapid adoption of remote working strategies. 72% of companies plan to shift a portion of their staff permanently to a WFH model. This massive exodus of workforce to remote working is enabled by the cloud. Since the cloud represents nothing but a server connected to internet, it requires no additional hardware or supporting infrastructure. Any number of employees with their own laptops or PCs can be added to the WFH pool, eliminating the challenges posed by social distancing and quarantine and hassles of restricted office space and on-premise IT infrastructure and hardware. In a traditional IT environment, adding additional employees to the local network will require extend the LAN or WLAN network by running more cable, installing directional antennas, increasing internet bandwidth, adding WAN connectivity hardware, among others. The transition to remote work in this massive scale would not have been possible on a server-led infrastructure of 15 to 20 years ago.

It's the Cloud that Makes Remote Collaboration a Breeze for IT Departments Worldwide

It's the cloud that is now enabling remote teams to work closely and seamlessly. Cloud-based videoconferencing systems have stormed into the spotlight. Exemplified by Zoom Video Communications, Inc., cloud based videoconferencing solutions are today a roaring success supported by benefits such as increased efficiency, simpler management and usability, high-quality video and audio; meeting recording and sharing; ability to Join from browser without needing application downloads and installations; greater security and complete elimination of interoperability issues and universal compatibility among multiple users and their preferred devices i.e. video systems, laptops, PCs, tablets and smart phones. The cloud in short has given businesses the opportunity to survive the current COVID-19 crisis and live to fight another day in the corporate world.

How Much Then Will Cloud Security Technologies Grow? Cloud IAM to Reach US$16.1 Billion by 2027

With enterprise CIOs prioritizing their spending on public cloud, demand for Cloud IAM is spiraling as security in the cloud rises in parallel importance. The global market for Cloud IAM estimated at US$3 billion in the year 2020, is projected to reach a revised size of US$16.1 billion by 2027, growing at a CAGR of 26.7% over the analysis period 2020-2027. User Provisioning, one of the segments analyzed in the report, is projected to grow at a 27.3% CAGR to reach US$7 billion by the end of the analysis period. IAM is an essential part of security for enterprises and industries, given its inherent association with productivity. IAM systems are also essential for ensuring that an added layer of protection is given for organization networks in order to ensure that users access rules and policies are consistent all through the enterprise. By using central management capabilities, IAM systems are designed to cut down cost as well as complexity associated with protecting user credentials and access. IAM also facilitates productivity improvement in a secure manner, when working from office, home or while on the move. Organizations need to ensure their employees have unique access to resources to prevent potential attacks. With Cloud IAM, organizations can efficiently resolve radius issues. LDAP represents database for the users, systems and applications that require authentication. However, managing LDAP servers that are on-premise can be challenging, as it requires much effort and time. Cloud IAM, with LDAPaaS (LDAP as a Service) is emerging as an answer to this problem. Also, a cloud based directory would enable organizations to establish multi-factor authentication, which constitutes a major step for preventing unauthorized access. Another important advantage with cloud IAM is the flexibility it offers in user management. Also, organizations that are cloud-forward have several web tools and applications and it is important that the directory they use is able to utilize all of these tools and applications. Cloud IAM allows such integrations. Single sign-on constitutes another beneficial feature of cloud IAM. Cloud IAM can also be integrated with MFA (multi-factor authentication) or 2FA (two factor authentication). Username & password credentials constituted the approach followed by legacy directory services.

Read the full report: https://www.reportlinker.com/p05956320/?utm_source=PRN

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY An Overview of Cloud IAM

1. MARKET OVERVIEW Market by Product Segment Adoption of Cloud IAM by SMBs on Fast Pace USA Asia Pacific Cloud IAM: Prelude Market by Vertical Global Competitor Market Shares Cloud IAM Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Competition Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS Growing Adoption of Cloud and BYOD Drive Opportunities for Cloud IAM Innovations and Advancements Enterprises Migrating to Cloud Fuels the need for Cloud IAM

4. GLOBAL MARKET PERSPECTIVE Table 1: Cloud IAM Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027

Table 2: Cloud IAM Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019

Table 3: Cloud IAM Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

Table 4: Access Management (Type) World Market by Region/Country in US$ Million: 2020 to 2027

Table 5: Access Management (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019

Table 6: Access Management (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027

Table 7: User Provisioning (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027

Table 8: User Provisioning (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019

Table 9: User Provisioning (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

Table 10: Directory Services (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027

Table 11: Directory Services (Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019

Table 12: Directory Services (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

Table 13: Single Sign-On (Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027

Table 14: Single Sign-On (Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019

Table 15: Single Sign-On (Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

Table 16: Password Management (Type) World Market by Region/Country in US$ Million: 2020 to 2027

Table 17: Password Management (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019

Table 18: Password Management (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

Table 19: Audit Governance & Compliance Management (Type) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027

Table 20: Audit Governance & Compliance Management (Type) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019

Table 21: Audit Governance & Compliance Management (Type) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027

Table 22: Other Types (Type) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2020 to 2027

Table 23: Other Types (Type) Global Historic Demand in US$ Million by Region/Country: 2012 to 2019

Table 24: Other Types (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

Table 25: Small & Medium Businesses (SMBs) (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027

Table 26: Small & Medium Businesses (SMBs) (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019

Table 27: Small & Medium Businesses (SMBs) (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027

Table 28: Large Enterprises (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027

Table 29: Large Enterprises (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019

Table 30: Large Enterprises (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

Table 31: BFSI (Industry Vertical) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027

Table 32: BFSI (Industry Vertical) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019

Table 33: BFSI (Industry Vertical) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027

Table 34: Telecom & IT (Industry Vertical) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027

Table 35: Telecom & IT (Industry Vertical) Global Historic Analysis in US$ Million by Region/Country: 2012-2019

Table 36: Telecom & IT (Industry Vertical) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

Table 37: Oil & Gas (Industry Vertical) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027

Table 38: Oil & Gas (Industry Vertical) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019

Table 39: Oil & Gas (Industry Vertical) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

Table 40: Public Sector & Utilities (Industry Vertical) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027

Table 41: Public Sector & Utilities (Industry Vertical) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019

Table 42: Public Sector & Utilities (Industry Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027

Table 43: Healthcare (Industry Vertical) Worldwide Sales in US$ Million by Region/Country: 2020-2027

Table 44: Healthcare (Industry Vertical) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019

Table 45: Healthcare (Industry Vertical) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027

Table 46: Education (Industry Vertical) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027

Table 47: Education (Industry Vertical) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019

Table 48: Education (Industry Vertical) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

Table 49: Manufacturing (Industry Vertical) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027

Table 50: Manufacturing (Industry Vertical) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019

Table 51: Manufacturing (Industry Vertical) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027

Table 52: Retail (Industry Vertical) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027

Table 53: Retail (Industry Vertical) Global Historic Analysis in US$ Million by Region/Country: 2012-2019

Table 54: Retail (Industry Vertical) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

Table 55: Other Industry Verticals (Industry Vertical) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027

Table 56: Other Industry Verticals (Industry Vertical) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019

Table 57: Other Industry Verticals (Industry Vertical) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES Market Facts & Figures US Cloud IAM Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 58: United States Cloud IAM Market Estimates and Projections in US$ Million by Type: 2020 to 2027

Table 59: Cloud IAM Market in the United States by Type: A Historic Review in US$ Million for 2012-2019

Table 60: United States Cloud IAM Market Share Breakdown by Type: 2012 VS 2020 VS 2027

Table 61: United States Cloud IAM Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027

Table 62: Cloud IAM Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019

Table 63: Cloud IAM Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

Table 64: United States Cloud IAM Latent Demand Forecasts in US$ Million by Industry Vertical: 2020 to 2027

Table 65: Cloud IAM Historic Demand Patterns in the United States by Industry Vertical in US$ Million for 2012-2019

Table 66: Cloud IAM Market Share Breakdown in the United States by Industry Vertical: 2012 VS 2020 VS 2027

CANADA Table 67: Canadian Cloud IAM Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027

Table 68: Canadian Cloud IAM Historic Market Review by Type in US$ Million: 2012-2019

Table 69: Cloud IAM Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

Table 70: Canadian Cloud IAM Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027

Table 71: Cloud IAM Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019

Table 72: Canadian Cloud IAM Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

Table 73: Canadian Cloud IAM Market Quantitative Demand Analysis in US$ Million by Industry Vertical: 2020 to 2027

Table 74: Cloud IAM Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Industry Vertical for 2012-2019

Table 75: Canadian Cloud IAM Market Share Analysis by Industry Vertical: 2012 VS 2020 VS 2027

JAPAN Table 76: Japanese Market for Cloud IAM: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027

Table 77: Cloud IAM Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019

Table 78: Japanese Cloud IAM Market Share Analysis by Type: 2012 VS 2020 VS 2027

Table 79: Japanese Demand Estimates and Forecasts for Cloud IAM in US$ Million by End-Use: 2020 to 2027

Table 80: Japanese Cloud IAM Market in US$ Million by End-Use: 2012-2019

Table 81: Cloud IAM Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

Table 82: Japanese Demand Estimates and Forecasts for Cloud IAM in US$ Million by Industry Vertical: 2020 to 2027

Table 83: Japanese Cloud IAM Market in US$ Million by Industry Vertical: 2012-2019

Table 84: Cloud IAM Market Share Shift in Japan by Industry Vertical: 2012 VS 2020 VS 2027

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Global Cloud Identity and Access Management (IAM) Industry - PRNewswire