Cloud IAM Market is segmented by Type, Service Type, Vertical Type, End-User, and Geography. Based on Type access management segment is rising at the fastest rate & is expected to grow at a CAGR of 16.8% over the forecast period. Increasing demand for cost-effective, scalable, & flexible solutions has prompted the popularity of cloud-based solutions. The swift growth & adoption of Identity-as-a-Service (IDaaS) platform through different SMEs are also donating to the Global Cloud IAM Market development.
Cloud segment is expected to grow at highest CAGR during forecast period owing to many profits offered by cloud service like less cost involvement, no hardware or software deployment and offers easy management. On-premise deployment is expected to use traditional in-house data centres for regulatory security patches and also offer software updates.
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