Identity as a Service Market Size Was Valued at USD 7.12 Billion in 2023 and is Projected to Reach USD 40.78 Billion by 2032, Growing at a CAGR of 21.4 % From 2024–2032.
The Identity as a Service (IDaaS) market refers to the provision of identity and access management solutions through a cloud-based service model. In essence, IDaaS allows organizations to manage user identities, access permissions, and authentication processes via a third-party provider’s cloud infrastructure.
Market Overview:
The market for IDaaS has grown significantly as a result of various causes. Identity management solutions that are both scalable and flexible are becoming increasingly necessary for enterprises as a result of the growing industry acceptance of cloud-based services. The need for IDaaS solutions has also been spurred by the spread of mobile devices, the increase in remote work, and the complexity of regulatory compliance requirements.
Market trends:
The IDaaS market is being shaped by a number of trends. Using sophisticated authentication techniques like biometrics and behavioral analytics to improve security and offer a smooth user experience is one popular trend. Furthermore, it’s becoming more common for identity management to integrate with other cybersecurity tools like threat detection and response. The focus on identity governance and administration (IGA) capabilities to guarantee compliance and reduce security threats is another noteworthy trend.
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Leading players involved in the Identity as a Service Market include:
Okta, Inc. (US),Microsoft Corporation (US),Ping Identity Corporation (US),OneLogin, Inc. (US),IBM Corporation (IBM Security Verify) (US),Auth0, Inc. (US),ForgeRock, Inc. (US),RSA Security LLC (RSA SecurID) (US),Salesforce.com, Inc. (Salesforce Identity) (US),Google LLC (Google Identity) (US),Centrify Corporation (US),Idaptive, Inc. (US),SailPoint Technologies Holdings, Inc. (US),CyberArk Software Ltd. (US),HID Global Corporation (US),Duo Security, Inc. (US),Akamai Technologies, Inc. (US),SecureAuth Corporation (US),Oracle Corporation (US),VMware, Inc. (US),NetIQ Corporation (US),Gemalto NV (US),Broadcom Inc. (US),Wipro Limited (India),Atlassian Corporation Plc (Australia), and other major players
The latest report on the Identity as a Service Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Identity as a Service industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Identity as a Service market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Identity as a Service Market:
By Component
· Single Sign-On
· Advanced Authentication
· Compliance Management
· Directory Services
· Provisioning
· Password Management
By Deployment Type
· Public
· Private
· Hybrid
By Service Type
· On-Site
· In-House
An in-depth study of the Identity as a Service industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report’s segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers’ values, needs, and buying inclinations, are integral parts of any thorough market analysis.
By Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Benefits of Identity as a Service Market Research:
- Research Report covers the Industry drivers, restraints, opportunities and challenges
- Competitive landscape strategies of leading key players
- Potential niche segments and regional analysis exhibiting promising growth covered in the study
- Recent industry trends and market developments
- Research provides historical, current, and projected market size share, in terms of value
- Market intelligence to enable effective decision making
- Growth opportunities and trend analysis
- Covid-19 Impact analysis and analysis to Identity as a Service market
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