GRC Viewpoint

Cloud IAM Market: Predictions through 2030

Due to economies of scale and cost-effectiveness, cloud computing is revolutionizing how the tech world operates. Transitioning to the cloud is a common trend. Although switching to the cloud gives innumerable benefits, the process could be more secure. Security issues continue to impact the process of migrating to the cloud.

Yet, the advantages of cloud computing may be jeopardized by a lack of adequate security measures.

The scenario leads to the popularity of IAM or the Identity Access Management approach.

READ MORE: Improper Configuration and Vulnerabilities Biggest Contemporary Cloud Security Issues

Throughout the projected period, the global Cloud Identity And Access Management (IAM) Market is anticipated to expand at a noteworthy CAGR of +14%. 

The period of the analysis is between 2023 to 2030. 

Solutions for identity and access management (IAM) manage user identities and regulate access to company resources and apps.

READ MORE: Cloud Cyber Attacks to Increase in 2023?

Ensuring this region is controlled by the security team is essential because identities have evolved into the new perimeter.

IAM Governance monitors the company’s access control implementation and SaaS security posture, allowing the security team to respond to emerging issues.

Continuously correct configuration of IAM controls is required. Therefore, it is essential to watch for any suspicious changes in the IAM setups and ensure the proper actions are taken to investigate and correct them as needed.

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