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Global Cloud Directory Services Software Market 2019-2025Market Overview:
The global cloud directory services software market is expected to grow at a CAGR of more than 18% and reach US$623.3 billion by 2025. In 2018, the market was valued at US$272 billion. Also, in the same year, spending on cloud infrastructure was more than US$80 billion while in 2017, the spending was about $55 billion. That should give an idea about the size of the market and how it is poised in the coming years to attain massive growth.
During the forecast period, the growth of the market is expected to be fast-paced as cloud-based technologies have become the norm with many companies encouraging remote working. Also, different verticals, like financial services, healthcare, telecom, IT, banking, and insurance, are adopting directory services and this is expected to give a boost to the market in the coming years. Furthermore, there is a growing demand for authentication services and this is the driving force behind cloud directory services.
While cloud directory services software is compatible with most modern operating systems, they have built-in security features that manage and control access to servers and applications. The data in these directories are structured in a hierarchical manner, and the right user has access to the right data and information, ensuring the authenticity of the data. While the growth of this market is due to the features and offering organizations cost-effective operations, reliability issues pose a major obstacle during the forecast period.
The key players covered in this study
Microsoft
Amazon Web Services
Oracle
Okta
JumpCloud
Red Hat
Zoho
OneLogin
ForgeRock
Keystone Management Group
Tools4ever
Ilantus Technologies
Broadcom
Micro Focus
IAM Technology Group
Salesforce
Freshworks
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Market Segmentation:
The global cloud directory services software market is segmented based on type and applications.
By type, the market is further subdivided into on-premise and cloud-based directory services software.
On the other hand, segmentation based on application is divided into large enterprises and small and medium-sized enterprises (SMEs). The size of the organization has an impact on the kind of directory services that the organization will require.
Regional Analysis:
The global cloud directory services software market is divided region-wise into North America, Europe, China, Japan, Southeast Asia, India, and Central and South America.
During the forecast period, North America will be the leading market for directory services software as more organizations implement these services. Primarily, in the US, the telecom and IT companies will drive this market forward.
With the adoption of the GDPR in the European Union, the market share of cloud directory services is rising. It is mandatory for companies to conform to GDPR and hence, there is more emphasis on data protection and security.
In the Asia-Pacific region, this market will expand as there is a rise in the demand for efficient and effective directory services while South America, the market will see expansion as more companies adopt directory services to authenticate, manage as well as authorize the access of users.
Industry News:
The global cloud directory services software market is witnessing a lot of innovation as the demand for data safety and security reaches a crescendo. Tools, like governance software and multi-factor authentication, do help in the identity management of users, but they address just a particular need. Hence, there is rise in demand for cloud directory services software that connects end users with their networks, applications, infrastructure, and system regardless of their location.
Table of Contents:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 North America
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
Continued…..
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