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Data Bridge Market Research’s latest report, “Identity as a Service (IDaaS) Market” provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. Identity as a Service (IDaaS) is the finest market research report, which is the result of a proficient team and their potential capabilities. In this market research report, data collection modules with large sample sizes are used to collect data and perform base year analysis. The market research data included in this report is analyzed and forecasted using market statistical and coherent models. This wide-ranging market analysis report puts light on many aspects related to Identity as a Service (IDaaS) industry and market. Market definition, market segmentation, competitive analysis, and research methodology are the major topics covered in the Winning Identity as a Service (IDaaS) business report.
Global Identity as a Service (IDaaS) Market was valued at USD 3.71 billion in 2021 and is expected to reach USD 17.96 billion by 2029, registering a CAGR of 21.80% during the forecast period of 2022-2029. “Government” accounts for the largest end user sector owing to the high deployment of web and mobile applications to serve their citizens.
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Some Of The Major Players Operating In The Identity As A Service (IDaaS) Market Are:
- CA Technologies (US)
- Centrify (US)
- Ilantus Technologies Private Limited (India)
- Exostar (US)
- iWelcome (Netherlands)
- JumpCloud, Inc. (US)
- Okta, Inc. (US)
- OneLogin, Inc. (US)
- Oracle Corporation (US)
- Ping Identity Corporation (US)
- Microsoft Corporation (US)
- Connectis (US)
- Gemalto (Netherlands)
- Capgemini (France)
- One Identity LLC (US)
Recent Developments
- Google partnered with Atos in July’2019 in order to expand their strategic partnership. Both players provide clients with access management, administration, identity management and administration across environments.
- IBM acquired Red Hat in July’2019 that helps IBM in expanding its identity management capabilities with the help of Red Hat’s identity management solutions, such as Identity Management Active Directory and Red Hat Identity Manager.
Identity as a Service (IDaaS) Market Drivers:
- Security Concerns
The increase in the security concerns both in the public and private sector acts as one of the major factors driving the growth of identity as a service (IDaaS) market. The high demand for cloud-based security solutions and services assists in the market growth.
- Adoption of IoT-Based Solutions
The increase in the adoption of IoT-based solutions across a wide range of industries, accelerate the market growth. Businesses have become vulnerable to threats, including fraud and identity theft. A rise in the number of business organizations, including banks and financial institutes, and governing bodies helps in the expansion of the market.
- Digital Payments
The rise in demand for digital payments across the globe further influence the market. Numerous government bodies and banking organizations are adopting digital payment methods to decrease operational costs.
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Market Segmentation of Identity as a Service (IDaaS) Market:
Deployment Type
- Public
- Private
- Hybrid
Service Type
- On-Site
- In-House
Access Type
- Single Sign-On
- Multi-Factor Authentication
- Compliance Management
- Directory Services
- Provisioning
- Password Management
- Others
Application
- Document Verification
- Authentication/Identification
- Screening
End User Industry
- Government
- Retail and Consumer Electronics
- Transportation and Logistics
- Media and Entertainment
- IT and Telecommunication
- BFSI
- Energy and Utility
- Healthcare
- Automotive
- Others
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