Global Identity as a Service Market Size, Share, Trend, and Forecast 2022 – 2032
The Global Identity as a Service Market Size is to grow from USD 6.8 Billion in 2022 to USD 47.8 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 21.5% during projected period.
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The term Identity as a Service (IDaaS) describes cloud-based identity and access management (IAM) services that are billed on a subscription basis. In addition to automating a range of tasks related to user accounts, identity as a service shields managers against security threats. Important identity, authentication, and permission management processes are standardised and automated, lowering business risk and saving time and money. Enabling authorised personnel with appropriate access to data, software, or other resources at the appropriate time is the primary objective of identity as a service. As a centralised cloud-based identity management system created by identity experts, identity as a service is easier to set up.
The global identity as a service market is segmented based on components, including provisioning, privacy management, password management, single sign-on (SSO), multi-factor authentication (MFA), and others. Single sign-on, the industry leader at the moment, has the largest revenue share over the projected term—more than 38.6%. Within an organisation, single sign-on addresses critical business concerns by lowering IT costs, improving productivity and usability, and boosting security and compliance. The proliferation of cloud apps and services in businesses, often in tandem with on-premises counterparts, has resulted in serious fragmentation issues. Humans and IT both require assistance with it. IT is responsible for managing the company’s various programmes as well as shadow IT.
The global identity as a service market is divided into three segments based on deployment: public cloud, private cloud, and hybrid cloud. During the course of the projection period, the public cloud segment is growing at a notable CAGR. The public cloud deployment enables client businesses to access resources such as virtual servers, hardware, software, and storage. To access the services offered by the public cloud, you have two options: pay for access or use free services. Making use of a public cloud has several advantages, including ease of use and deployment. Furthermore, the deployment has a minimal initial cost and there are no maintenance obligations for the infrastructure.
List of Key Companies
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Atos SE
- Ping Identity Corporation
- OneLogin Inc.
- Salesforce Inc.
- CA Technologies, Inc.
- SailPoint Technologies Inc.
Market segmentation:
By Component Analysis
- Single Sign-on (SSO)
- Multi-factor Authentication (MFA)
- Provisioning
- Privacy Management
- Password Management
- Others
By Deployment Analysis
- Public Cloud
- Private Cloud
- Hybrid Cloud
Competitive analysis:
The competitive analysis section of the Global Identity as a Service Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the “Global Identity as a Service Market Size, Share, and COVID-19 Impact Analysis, By Component (Single Sign-on (SSO), Multi-factor Authentication (MFA), Provisioning, Privacy Management, Password Management, Others), By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprise Size (SMEs, Large Enterprise), By End User (IT & Telecom, BFSI, Retail, Healthcare, Government, Education, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
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The Global Identity as a Service Market Report aims to answer the following key questions:
- What are the main products and services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Identity as a Service Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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