According to the research report titled ‘GLOBAL Cloud Identity And Access Management Market 2019-2028’, available with Market Study Report, global cloud identity and access management market was worth USD 2402.92 million in 2018 and is projected to grow at 11.23% CAGR over 2019-2028, subsequently reaching a valuation of USD 7425.73 million by the end of the forecast period.
 

As per the findings of the report, rising prevalence of identity thefts, escalating demand for the technology, and growing focus towards authentication among enterprises are catalyzing global cloud identity and access management market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3552876/
 

Increasing per capita incomes, innovative product launches, rapid digitization, and strategic alliances such as joint ventures, acquisitions, and mergers are further propelling industry expansion.
 

Additionally, evolution of the BYOD (bring your own device) trend in office workplaces, advent of hybrid cloud deployment models, and surging demand for content streaming platforms are positively swaying global cloud identity and access management market dynamics.
 

Despite the several growth stimulants, increasing interruption & latency issues, high costs of cloud identity & access management, and growing concerns regarding data security breaches as well as cyberattacks are predicted to barricade business development throughout the study period.
 

Regionally speaking, Asia-Pacific, Europe, Latin America, North America, and Middle East & Africa are the key contributors of global cloud identity and access management market value.
 

Among these, Asia-Pacific is slated to generate considerable returns for the industry participants by 2028. Factors such as high usage of weak passwords, escalating number of mobile transactions and rapid industrialization as well as digitization are propelling the regional market growth.
 

Elaborating on the competitive scenario, Oracle Corporation, Broadcom Inc., SailPoint Technologies Holdings Inc Dell Inc., Microsoft Corporation, CyberArk Software Ltd., Okta Inc., Auth0 Inc., IBM Corporation, and Centrify Corporation are the leading players influencing global cloud identity and access management industry trends.