According to a research report “IDaaS Market by Component (Provisioning, Single Sign-On, Advanced authentication, Audit, Compliance, and Governance, Directory service, and Password management), Organization Size, Deployment Type, Vertical and Region — Global Forecast to 2027” published by MarketsandMarkets, the global IDaaS market is projected to reach USD 5.6 billion in 2022 to 16.8 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 24.7% between 2022 and 2027. Some factors driving the market growth include government initiatives and regulations supporting digital identity transformation, government regulations and the need for compliance, and the rise in identity and authentication frauds.
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By deployment type, the private cloud segment is projected to grow with a higher CAGR during the forecast period
The IDaaS market is segmented into public, private, and hybrid clouds based on the deployment type. The subsegment with the highest CAGR is private cloud deployment owing to the widespread use of private cloud-based identities as they provide stronger safety, high performance, privacy, and reliability while still adhering to regulations and compliances. The most important factors in an organizations decision to operate a private cloud were data protection, asset ownership, and integration with business processes. The private cloud is frequently used by businesses with extremely changeable network requirements in order to guarantee they always have enough access and total control over the cloud environment. Organizations may benefit from the private cloud because they provide several benefits including cost savings, efficient resource utilization, complete control and security, increased security and privacy, remote accessibility, continuity of operations, obtaining regulatory compliance, increased flexibility, and improved dependability. Government agencies, financial institutions, and other medium to large-sized organizations with mission-critical activities frequently deploy private clouds to increase control over their environment. Therefore, the private cloud segment has the highest CAGR during the forecasted period.
By Component, the Provisioning segment to hold a larger market size during the forecast period
The IDaaS market is segmented into Provisioning, Single Sign-On, Advanced authentication, Audit, Compliance, and Governance, Directory service, and Password management on the basis of Component. The provisioning sector is anticipated to take the lead since it is essential to security management and will continue to be a crucial component of the IDaaS architecture. With the provisioning system businesses may guarantee that the appropriate users have access to the appropriate apps and infrastructure. Enterprises may automate the providing and de-provisioning of all user accounts with the aid of this secure, automated, policy-based identity lifecycle management system. Additionally, a consolidated view of all application credentials is offered via the provisioning system. It also quickly connects users to appropriate enterprise resources while reducing administrative workload. The Provisioning sub-segment is one of the most crucial elements for access rights enforcement and compliance. Therefore, is anticipated to hold a larger market size during the forecasted period.
By region, Asia Pacific to grow at a significant CAGR during the forecast period
Due to the rise in identity and access breaches, Asia Pacific (APAC) is predicted to increase security investment. The worlds fastest-growing economies, including China, India, and Japan, are clustered in this area. Furthermore, the region has a high level of technological adoption. A profitable market for security products and services, APAC has seen the advanced and rapid adoption of cutting-edge technology. Even though the area is implementing the most recent security solutions, it is frequently the target of cyberattacks including identity thefts, data breaches, ransomware, phishing, and many more. 74% of APAC banks surveyed by Fair Isaac Corporation (FICO) think that fraud instances in their nation would considerably rise in the coming years. Thus, the usage of IDaaS solutions in the area has risen as a result. To safeguard their extremely sensitive data, organizations are increasingly using advanced security solutions like IDaaS. Additionally, the IDaaS industry is seeing rapid development opportunities in the area because of efficient government laws and technology improvements. Thus, the Asia Pacific region is supposed to grow at the highest CAGR in the forecasted period.
Market Players
Okta (US), CyberArk (US), Thales (France), Microsoft (US), Ping Identity (US), OneLogin (US), IBM (US), Oracle (US), Google (US), and SailPoint (US), JumpCloud (US), SecureAuth (US), Auth0 (US), OpenText (Canada), Ilantus (US), LoginRadius (Canada), Delinea (US), Optimal IdM (US), Fischer Identity (US), Atos (France), Avatier (US), Simeio Solutions (US), HCL (India), Capgemini (France), Broadcom (US), Salesforce (US), Jumio (US), Signicat (Norway), Ubisecure (UK), and EmpowerID (US) are the key players and other players in the IDaaS Market.
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Market SynopsisMarket Research Future (MRFR) conducted study on the global identity as a service (IDaaS) market 2020 and detailed insights into the effect of COVID pandemic on the market in the report.
The growing deployment of IDaaS on largely accepted cloud platform can boost the expansion of the IDaaS market across the review period.
The increase in the adoption of SaaS-based IAM offerings that allow organizations to use single sign-on (SSO) via OpenID Connect (OIDC) or Security Assertion Markup Language (SAML) for the authentication and access controls to provide secured access to enterprises' SaaS applications can promote the expansion of the world market of IDaaS.
The growing concerns of companies regarding data security limit is pressing the need for IDaaS solutions that can promote the expansion of the global identity as a service (IDaaS) market in the years to come.
The rise in preference for on-premise access management systems can pose threat to the IDaaS market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7928Market SegmentationThe segments study of the global IDaaS market is based on deployment, service, organization size, and vertical.
The service-based, the global IDaaS market segments are access, identity governance & administration, and intelligence.The organization size based, the global IDaaS market segments are large enterprise and small- and medium-sized enterprise (SME).The deployment based, the global IDaaS market segments are public cloud, private cloud, and hybrid.The vertical based, the global IDaaS market segments are BFSI, retail and CPG, manufacturing, energy and utilities, transportation, healthcare and life sciences, and government and defense among others.Regional AnalysisNorth America IDaaS market is expected to secure the highest global market size in the forecast period.
The Global Identity-as-service (IDaaS) Market was valued at USD 2.89 Bn in 2019 expanding at CAGR of 20.4% from 2020-2030.Identity-as-service (IDaaS) Market research report is a careful examination of the worldwide Identity-as-service (IDaaS) industry which has been a region of enthusiasm for Identity-as-service (IDaaS) makers, organizations, authorities, chiefs, and likely speculators, and analysts.
The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements.The report likewise spins around the most powerful factors of the worldwide Identity-as-service (IDaaS) advertise which incorporates changing business sector elements, contemporary patterns, development driving components, showcase limitations, and snags as they may impact the market improvement in a positive/negative manner.
The report breaks down the above elements at a moment level and furthermore offers significant expectations for the gauge time of up to 2030.Access Full Description of this report at:-https://www.nextmsc.com/report/identity-as-a-service-marketTop Companies: Okta, Inc., Ping Identity, IDaptive, LLC, CA Technologies, OneLogin, Microsoft Corporation, Oracle Corporation, SailPoint Technologies, IBM Corporation, Salesforce, Google, Capgemini (France), HCL (India), Simeio Solutions, Gemalto (Netherlands), Connectis and others.The report additionally conveys inside and out contextual investigations on the different nations which are effectively associated with the Identity-as-service (IDaaS) creation.
An investigation of the specialized boundaries, different issues, cost adequacy influencing the Identity-as-service (IDaaS) Market.
Deciding the chances, eventual fate of the Identity-as-service (IDaaS) and its restrictions turns into much simpler with this report.Request sample copy of this report at:-https://www.nextmsc.com/identity-as-a-service-market/request-sampleThe report provides insights on the following points:-Detailed overview of Identity-as-service (IDaaS) MarketChanging market dynamics in the industryIn-depth market segmentationHistorical, current and projected market size in terms of volume and valueRecent industry trends and developmentsCompetitive landscapeStrategies of key players and products offeredPotential and niche segments, geographical regions exhibiting promising growthA neutral perspective on market performanceMust-have information for market players to sustain and enhance their market footprint.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
The global identity and access management-as-a-service (IDaas) market size is projected to be worth USD 7.66 billion by 2025.
The demand for identity and access management-as-a-service is expected to grow due to rising need of controlled access systems in increasingly connected and vulnerable enterprises during the forecast period.Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/103Identity and access management-as-a-service is a framework that allows the cloud service provider to deliver identity and access management in a public cloud.
Remote workers who are located outside the corporate network can also access different set of business processes, compounding the risk to organizations.Use of digital payment is increasing in the banking and financial sector.
This has led to the increasing adoption of IDaaS patches to provide foolproof security to operations.
Rising cyber threats and demand of strong identification and authentication by organization is driving cloud identity and access management (IAM) market in the region.The global identity and access management-as-a-service market is extremely competitive and comprises numerous agile players.
Launch of new cloud based products, updating the existing product, acquisitions, merger and expansions are the few strategies implemented by the key players in the market.Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/identity-and-access-management-as-a-service-idaas-marketIn January 2018, Ping Identity formed partnership with KPMG to deliver CIAM solutions to foster digital commerce and digital transition initiatives for enterprises.In June 2018, InnovoCommerce formed a partnership with Exostar for high assurance, Single-Sign-On Access to the investigatorFIRST Portal.In March 2016, Google Cloud Platform offered identity and access management roles for users.
