“Global Cloud Identity and Access Management (IAM) Market Research Report 2016” Purchase This Report by calling QYReports.com at +1-888-631-6977.
This research report also identifies the factors driving this market, restraints, challenges, and opportunities impacting it in long run, along with the future roadmaps. The report also emphasizes on key adoption trends, evolution of cloud IAM, future opportunities, and business cases in the rising market. The adoption of cloud IAM is expansively increasing, as major vendors are aggressively investing and rigorously working toward building cost effective platforms, suite and solutions, in an effort to reduce the overall cost incurred by end-users in managing the increasing number of identities and provisioning of users and devices. The cloud IAM vendors help the organization in providing a centralized management of intellectual property such as user and device identities, provisioning and access management. Cloud IAM also facilitates organizations to provide single password to login to enterprise wide applications and systems on which user or a device is provisioned to log in.
Cloud IAM service provides secure and identity based access to various industrial 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.
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 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.
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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.
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This report studies Cloud Identity and Access Management (IAM) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Sailpoint Technologies Inc
Ping Identity Corporation
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