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Bamboocloud Tops the List Sullivan's 2024 Global and China IAM Middleware Market Report Officially Released

2024-07-08

On July 2nd, Frost & Sullivan (referred to as "Sullivan") officially released the "2024 Global and China Identity and Access Management (IAM) Middleware Market Report". The report covers the industry background, market size, driving factors, development trends, and the current status of the global and Chinese middleware and IAM middleware markets. It also provides an in-depth analysis of the significant value of IAM middleware. According to the report, based on 2023 revenue, Bamboocloud is the largest IAM solutions provider in China.

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With the rapid development of the global artificial intelligence industry, innovative applications of large language models, and the increasing security and compliance requirements for data protection and privacy by governments, middleware has become an indispensable core component in enterprise digital transformation and IT applications, ushering in new growth opportunities.

The report indicates that by 2028, the global middleware market is expected to reach $100.38 billion, with the Chinese middleware market reaching ¥42.84 billion, accounting for 6.1% of the global market size.

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In recent years, with the deepening of global digital transformation and the widespread adoption of technologies like cloud computing, big data, and AI, investment in the IAM sector has surged. In 2022, Thoma Bravo acquired SailPoint for $6.9 billion, and in 2023, it acquired ForgeRock for $2.3 billion. Over seven IAM startups secured nearly $200 million in funding in 2024. As a core middleware component, IAM has significant growth potential and market opportunities.

The report indicates that by 2028, the global IAM market will reach $26.78 billion, with cloud-based models accounting for $13.92 billion. Meanwhile, the Chinese IAM market will reach ¥10.21 billion, with a compound annual growth rate (CAGR) of 26.5% from 2023 to 2028. Cloud-based models in China will reach ¥1.97 billion, with a CAGR of 36.5% from 2023 to 2028, representing 19.3% of the market by 2028.

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IAM Middleware: Empowering Efficient Digital Economy Development

IAM middleware leverages universal adaptability to sit between various users and systems, providing intelligent identity management and granular access control. This enables robust digital identity governance and secure, efficient access management in complex environments. It allows enterprises and developers to integrate IAM functions into each application without separate development, enhancing connectivity, security, and maintainability, while simplifying development and boosting overall digital service efficiency. By establishing unified standards and interfaces across various systems, IAM middleware improves IT management and operational efficiency, enhancing the integration, usability, and security of digital technologies. 

With advancements in cloud computing, big data, and AI, IAM solutions are evolving rapidly, positioning new-generation digital identity management systems as a key focus in the global IAM middleware market.

Bamboocloud: Leading Enterprise in lAM Field

Bamboocloud, as a leading company in the field of digital identity, access control, and cloud application security in China, is the first to promote the implementation of global cutting-edge IAM concepts, solutions, and technology products in China. The company's core technology products have been widely used across various industries including government, manufacturing, energy, aviation, finance, real estate, rail transit, and education, providing comprehensive 2E, 2B, and 2C digital identity security services. In 2024, Bamboocloud's IAM products and services have been successfully used in overseas markets such as North Africa and Southeast Asia, demonstrating its international technological prowess and market competitiveness.

Bamboocloud is committed to independent innovation, increasing R&D investment, and expanding applications across diverse scenarios. By integrating AI, IoT, and other technologies, Bamboocloud IAM solutions cover multi-dimensional identity management, access control, intelligent multi-factor authentication, automated identity lifecycle management, access behavior auditing, compliance management, and dynamic adaptive intelligent risk control. It can ensure authorized users access the right "digital assets" at the right time, with real-time alerts and proactive defense against abnormal access. This enhances identity security, organizational security, and risk mitigation effectively.

Besides, Bamboocloud has developed and launched the new generation IAM system to address the security challenges posed by multi-dimensional identities in the digital era. Positioned between foundational IT resources and upper-layer applications, the system has become the core infrastructure for organizational digitalization, enabling multi-layered security defenses and comprehensive identity governance. The system oversees identity, system, physical, AI, metaverse digital identities, and associated data and behaviors for diverse user types, internal and external. It facilitates permission management and risk control, supporting identity management locally and in cloud environments, significantly enhancing compatibility, usability, scalability, and security.

In the future, Bamboocloud will sustain innovation driven by technology and user orientation, striving to provide globally secure, efficient, and intelligent digital innovation services, ensuring connectivity, sharing, and security in the digital world.


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