Cloud Identity and Access Management Market Regional Analysis:
North American Market Insights
North America region is likely to hold over 41.6% market share by 2035, backed by the growing dependence on online systems and data management, as well as increasing cloud-based data storage, coupled with massive penetration of distributed cloud in the region, along with rising use of the cloud by the federal governments. For instance, it was found that approximately 50% of all the U.S. state, local, and federal governments had some or most of their systems and solutions in the cloud in 2020. Other factors that are anticipated to contribute positively to the market growth are the rising adoption of remote work, the proliferation of IoT devices, and the penetration of internet services in every spectrum. Further, the expansion of the information technology and communications (ICT) industry, along with the presence of major key players in the region are other growth factors that are estimated to generate a significant amount of revenue in the region. The implementation of the General Data Protection Regulation (GDPR) along with the massive investments made to develop advanced solutions to prevent cyberattacks and identity fraud is also expected to drive the growth of this market in the region.
