Identity as a Service (IDaaS) Market Forecast by Technology, Application, Dynamics, Development Trends and Outlook 2022-2029

PRESS RELEASE
Published May 8, 2023

Identity as a Service (IDaaS) market document is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities, therefore. The market report also comprises of the drivers and restraints for the Identity as a Service (IDaaS) market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market by systemic company profiles. The reliable Identity as a Service (IDaaS) market report is a professional yet exhaustive study on the current as well as future state for the market.

Identity as a Service (IDaaS) market report describes a comprehensive insight into the application scope of the market. In addition, the report comprises details relevant to the market share obtained by various segments. Information about the revenue gathered from the segments along with the projected sales for the project duration is stated in the document. Besides, essential insights about the fundamental parameters such as the competition trends and market focusing rate is included in the report.

Download table of Contents with Figures & Tables @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-identity-as-a-service-idaas-market

Businesses are integrating IoT closely with integral business operations, and it has escalated the need for a fresh approach towards their identity management processes. In the past few years, the advent of next-generation technologies, such as cloud computing and Artificial Intelligence (AI) has been highly beneficial for numerous businesses.

  • 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.

Identity as a Service (IDaaS) Market Definition

Identification as a service (IDaaS) is a tool for meeting business expectations on the cloud by providing features for IAM (identity and access management). It also includes a user interface, federated identity, API security, and identity analytics that can detect and react to threats. They’re commonly utilised in authentication/identification, document verification, and screening applications.

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)

Global Identity as a Service (IDaaS) Market Dynamics:

Identity as a Service (IDaaS) Market Scope and Market Size

Identity as a service (IDaaS) market is segmented on the basis of deployment type, service type, enterprise size, access type, application and end-use industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of deployment type, the Global identity as a service (IDaaS) market has been segmented into public, private and hybrid.
  • On the basis of service type, the identity as a service (IDaaS) market has been segmented into on-site and in-house.
  • On the basis of enterprise size, the identity as a service (IDaaS) market has been segmented into small & medium enterprises (SMEs) and large enterprises.
  • Based on access type, the identity as a service (IDaaS) market has been segmented into single sign-on, multi-factor authentication, compliance management, directory services, provisioning, password management, and others.
  • Based on application, the identity as a service (IDaaS) market has been segmented into document verification, authentication/identification, and screening.
  • Identity as a service (IDaaS) market has also been segmented on the basis of end–user industry into government, retail & consumer electronics, transportation & logistics, media & entertainment, IT & telecommunication, BFSI, energy & utility, healthcare, automotive, and others.

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.

Opportunities

Furthermore, addition of Artificial Intelligence (AI) and Machine Learning (ML) technologies to improve identity management are expected to obstruct market growth. Also, increase in the investments will further expand the market.

Global Identity as a Service (IDaaS) Market Segmentation:

Deployment Type

  • Public
  • Private
  • Hybrid

On the basis of deployment type, the identity as a service (IDaaS) market has been segmented into public, private and hybrid.

Service Type

  • On-Site
  • In-House

On the basis of service type, the identity as a service (IDaaS) market has been segmented into on-site and in-house.

Access Type

  • Single Sign-On
  • Multi-Factor Authentication
  • Compliance Management
  • Directory Services
  • Provisioning
  • Password Management
  • Others

On the basis of access type, the identity as a service (IDaaS) market has been segmented into single sign-on, multi-factor authentication, compliance management, directory services, provisioning, password management, and others.

Application

  • Document Verification
  • Authentication/Identification
  • Screening

On the basis of application, the identity as a service (IDaaS) market has been segmented into document verification, authentication/identification, and 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

On the basis of end user industry, the identity as a service (IDaaS) market has been segmented into government, retail and consumer electronics, transportation and logistics, media and entertainment, IT and telecommunication, BFSI, energy and utility, healthcare, automotive, and others.

Identity as a Service (IDaaS) Market Regional Analysis/Insights

The identity as a service (IDaaS) market is analysed and market size insights and trends are provided by country, deployment type, service type, enterprise size, access type, application and end use industry as referenced above.

The countries covered in the identity as a service (IDaaS) market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the identity as a service (IDaaS) market due to the rise in the incidents of security threats and data breaches. Furthermore, the increasing number of cyberattacks to access confidential consumer data and growing adoption of cloud applications will further boost the growth of the identity as a service (IDaaS) market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the identity as a service (IDaaS) market due to the rise in the adoption of mobile, cloud, and new generation technologies. Moreover, the growing demand to secure applications and authenticate users and to maintain control over business-critical information to minimize the risk related to the data breach is further anticipated to propel the growth of the identity as a service (IDaaS) market in the region in the coming years.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-identity-as-a-service-idaas-market

Strategic Points Covered in Table of Content of Global Identity as a Service (IDaaS) Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Identity as a Service (IDaaS) market

Chapter 2: Exclusive Summary – the basic information of Identity as a Service (IDaaS) Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Float-Zone Silicon

Chapter 4: Presenting Identity as a Service (IDaaS) Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2018

Chapter 6: Evaluating the leading manufacturers of Identity as a Service (IDaaS) market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Region wise analysis of the top producers and consumers, focus on product capacity, production, value, consumption, market share and growth opportunity in below mentioned key regions:

North America – U.S., Canada, Mexico

Europe : U.K, France, Italy, Germany, Russia, Spain, etc.

Asia-Pacific – China, Japan, India, Southeast Asia etc.

South America – Brazil, Argentina, etc.

Middle East & Africa – Saudi Arabia, African countries etc.

For More Details on this Report: https://www.databridgemarketresearch.com/reports/global-identity-as-a-service-idaas-market

Key questions answered in this report

  • What will the market size be in 2027 and what will the growth rate be
  • What are the key market trends?
  • What is driving Identity as a Service (IDaaS) Market?
  • What are the challenges to market growth?
  • Who are the key vendors in Market space?
  • What are the key market trends impacting the growth of the Identity as a Service (IDaaS) Market ?
  • What are the key outcomes of the five forces analysis of the Identity as a Service (IDaaS) Market?
  • What are the market opportunities and threats faced by the vendors in the Identity as a Service (IDaaS) market? Get in-depth details about factors influencing the market shares of the Americas, APAC, and EMEA?

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Corporatesales@databridgemarketresearch.com

 

 

 

 

 

CDN Newswire