About Identity-as-a-Service
Identity as a service (IDaaS) is a cloud based offering. It allows organizations to use single sign-on authentication and access controls. This single sign on is mainly to provide secure access to company’s growing number of software and SaaS applications. Identity as a Service SaaS based authentication built which is operated by a third-party provider. They offer and supply identity management to enterprises. It can be used for various applications. In addition, IaaS is mainly prefer as it is able to offer security over single-factor authentication. Thus, many organisations in end use industries tends to demand for IaaS which is also impacting on the demand for IaaS in positive manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The market of Identity-As-A-Service is expected to grow with rising demand from number of end use industries. Numerous companies are operating in the market to provide Identity-As-A-Service with multiple functioning. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Identity-as-a-Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Salesforce (United States), Microsoft Corporation (United States), IBM Corporation (United States), Google (United States), Capgemini (France), Okta, Inc. (United States), Oracle Corporation (United States), Simeio Solutions (United States) and Connectis (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CA Technologies (United States) and Gemalto (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Identity-as-a-Service market by Type (Authorization, User Provisioning and Others) and Region.
On the basis of geography, the market of Identity-as-a-Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Public Cloud will boost the Identity-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Identity-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. Large Enterprise will boost the Identity-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Single Sign-On will boost the Identity-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmenting Preference for Hybrid Deployment
Market Growth Drivers:
Rising Preference for Cloud Based Authentication in Number of End Use Industries and Growing Engagement towards Integrating IoT and IaaS in Existing Systems
Challenges:
Threat of Data Breach and Cyber Security
Restraints:
Less Developed Technological Infrastructure in Emerging Countries of South America and Middle East
Opportunities:
Growing Technological Advancements with Artificial Intelligence & Machine Learning and Rising Cyber-Attacks and Cyber Malpractices leads to demand for Identity-As-A-Service
Market Leaders and their expansionary development strategies
In July 2019, IBM has acquired Red Hat. Red hat is a global provider of open-source software products. IBM has acquired Rest Hat to expand its business capabilities with the help of existing portfolio. Company uses Red Hat’s management solutions like Identity Management portfolio.
In February 2019,Idaptive officially launched their new identity as a service platform, which they’re calling Next-Gen Access Cloud. This is the final step in a process that began last year when Centrify announced that it was splitting into two companies.
Key Target Audience
Identity-As-A-Service Providers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.