Cloud Identity Access Management (IAM) Market is Expected to Reach $2.8 Billion, Globally, By 2020
The leading players have adopted competitive strategies such as acquisition, product launch and agreement in order to strengthen their market presence. For instance, in 2015, Sailpoint Technologies, Inc. acquired Whitebox Security, which would help the company to manage unstructured data. In 2014, IBM acquired two IAM firms, Lighthouse Security Group and CrossIdeas to expand and enhance its identity and access management (IAM) offerings.
Cloud Identity Access Management (IAM) Market report, published by Allied Market Research, forecasts that the global market is expected to garner $2.8 Billion by 2020, registering a CAGR of 26.2% during the forecast period 2015 – 2020. Multi factor authentication service is expected to witness fastest growth, at a CAGR of 30.5% from 2015 to 2020. North America was the highest revenue generating region in 2014 for cloud IAM, followed by Europe and Asia-Pacific.


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Auxilio, Inc.