Identity as a Service Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis | OneLogin, CA Technologies, SailPoint Technologies
New York, Global Identity as a Service Market report from Global Insight Services is the single authoritative source of intelligence on Identity as a Service Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Identity as a Service (IDaaS) is a cloud-based solution that provides identity and access management (IAM) capabilities as a subscription service. IDaaS solutions are typically delivered using a Software as a Service (SaaS) model and provide users with the ability to manage identities, authenticate users, and control access to applications and data.
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Key Trends
There are three key trends in Identity as a Service technology:
1. The rise of biometrics: Biometrics, or the use of physical and behavioral characteristics to identify individuals, is becoming increasingly common as a means of authentication. This is due to the fact that biometrics are more difficult to spoof than other forms of authentication, such as passwords.
2. The shift to cloud-based identity management: Cloud-based identity management is also on the rise, as it offers a more convenient and cost-effective way to manage identity data.
3. The increasing importance of mobile identity: Mobile identity is becoming increasingly important, as more and more people are using their smartphones as a primary means of accessing online services.
Key Drivers
There are several key drivers of the Identity as a Service market.
Firstly, the increasing need for organizations to manage user identities across a variety of devices and platforms is driving demand for Identity as a Service solution.
Secondly, the need to comply with regulations such as the General Data Protection Regulation (GDPR) is driving organizations to adopt Identity as Service solutions that offer robust security and privacy features.
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Market Segments
The identity as a service market is segmented by deployment, end-user, and region. By deployment, the market is classified into public cloud, private cloud, and hybrid cloud. Based on end-user, it is bifurcated into BFSI, telecom, IT, retail, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global identity as a service market includes players such as IDaptive LLC, Ping Identity, OneLogin, CA Technologies, SailPoint Technologies, Microsoft Corporation, Oracle Corporation, IBM Corporation, Google, HCL, and others.
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