Global Dermatological Therapeutics Market | Size, Growth, Share

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The Global Cloud Identity and Access Market to
Propel at 11.23 CAGR by 2028
Triton Market Research presents the Global Cloud
Identity and Access Market report segmented by
Services (Audit, Compliance, Governance Single
Sign-on Federated Provisioning Privileged
Access Management Directory Service Other
Services), by End-users (IT Telecommunication
BFSI Healthcare Media Retail Education
Other End-users), Deployment Model (Public
Private Hybrid), by Application (Small Medium
Enterprises, Large Enterprises), and by
Geographical Region (North America, Europe,
Asia-Pacific, Latin America, Middle East and
Africa), discussing Market Definition, Key
Insights, Drivers, Restraints, Opportunities,
Challenges, Porters Five Forces Analysis, Vendor
Scorecard, Market Attractiveness Index, Global
Market Size, Forecasts Analysis (2019-2028).
For Free sample Report Visit https//www.tritonma
rketresearch.com/reports/cloud-identity-and-access
-management- marketrequest-free-sample A
Triton Market Research report depicts that the
Global Cloud Identity and Access Market is
developing at a CAGR of 11.23 in terms of
revenue during the forecast period (2019-2028).
The evolving hybrid cloud deployment model and
the rise in demand for content streaming are
creating lucrative opportunities for the growth
of this market. However, the high cost of
cloud-based identity and access management is
acting as a challenge to market growth.
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The Asia-Pacific market is expected to grow the
fastest during the forecast period, which can be
attributed to the increase in demand for cloud
identity and access management across various
sectors. The region is home to the growing
economies of China and India, as well as emerging
Southeast Asian nations like Indonesia and
Thailand. The growth is further fuelled by the
growing demand from various applications, rapid
industrialization, and increase in government
expenditure. In 2016, an estimated 60,040,396
identities were stolen in China, Taiwan, Japan,
and South Korea this called for the adoption of
IAM services across several end-user industries.
Enhanced adoption of mobile payment services,
coupled with usage of weak passwords, has raised
the need for sophisticated identity and access
management systems. International Business
Machines Corporation, Microsoft, Oracle, Okta
Inc, Centrify Corporation, Sailpoint
Technologies Inc, Auth0 Inc, Dell Technologies,
Cyberark Software Limited, and Broadcom are some
of the key industry players. The cloud identity
and access management market is comprised of
numerous global and regional players, thus
making it a fairly contested market space.
However, the market is showing a gradual
inclination towards the consolidation of smaller
contenders. Innovation will help them gain a
competitive advantage over their rivals. New
markets like Big Data or the IoT have reshaped
the security trends. Besides, given the firm to
concentration ratio, the industry is expected to
record high growth over the forecasting period.
This is partly due to several IT companies
consider the cloud IAM market as lucrative, and
want to consolidate their offerings. This market
poses relatively higher entry barriers to new
players. However, despite this, several new
players have been able to establish themselves in
the market.