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Triton Market Research has concluded that the North America cloud identity and access management market would grow at a CAGR of 10.49% in the estimated years 2019-2028.
The countries evaluated in this market include:
• The United States
• Canada
Canada’s cloud identity and access management market is being driven by the rapidly advancing IT service sector, the rising number of internet users, and the growing demand for cyber-security by industries. The IMF forecasts the country to showcase average economic growth, at a rate of 2-3%. The energy sector is draining the economy; however, other sectors, such as IT, electronics, consumer durables, etc., continue to show strong growth from exports and currency depreciation. The rate of inflation in the country is estimated to remain as low as that in the US. Canada is one of the high-revenue markets in the world. Its cloud IAM market is driven primarily by cloud solutions, service solutions, and data recovery services.
Over the years, Canadian enterprises have been contracting cloud services from third-parties. As per an ITA US study, Canada’s hybrid cloud computing service market is showing steady growth. The growing adoption of cloud services, therefore, shows a promising market for the adoption of cloud IAM services. However, Canada’s market for cloud identity and access management services is smaller as compared to the US’. Despite this, it is also affected by the marketing around cloud-based products & services. There is increased concern towards risk factors like security, data integration, trusted vendors, etc. The government of the country is also not open to FDI in broadband services. These factors act as hurdles to the national market growth.
Centrify develops and offers an IAM platform intended to secure enterprises against cyber threats. It has a strong portfolio, which includes Centrify Privileged Access Service, Centrify Authentication Service, Centrify Privilege Elevation Service, and Centrify Audit & Monitoring Service. The US-based company is headquartered in Santa Clara, California.
The top key players in the cloud identity and access management market are International Business Machines Corporation, Microsoft, Oracle, Okta Inc, Centrify Corporation, SailPoint Technologies Holdings Inc, Auth0 Inc, Dell Inc, CyberArk Software Ltd, and Broadcom.
Source: Free Articles from ArticlesFactory.com
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We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making.
We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making.