Security News > 2022 > April > Cloud identity access and management market to reach $13.6 billion by 2026

Amid the COVID-19 crisis, the global market for cloud identity access and management estimated at $5.3 billion in the year 2022, is projected to reach a revised size of $13.6 billion by 2026, growing at a CAGR of 26.7% over the analysis period, according to Global Industry Analysts.

This segment currently accounts for a 16.2% share of the global cloud identity access and management market.

Growth in the global market is attributed to the many benefits offered by cloud IAM, including compliance management and centralized security management among others.

The cloud identity access and management market in the U.S. is estimated at $2.1 billion in the year 2022.

China, the world's second largest economy, is forecast to reach an estimated market size of $1.7 billion in the year 2026 trailing a CAGR of 30.8% through the analysis period.

These regional markets accounting for a combined market size of $298.9 million will reach a projected size of $1.4 billion by the close of the analysis period.

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https://www.helpnetsecurity.com/2022/04/05/cloud-iam-market-2026/