Identity as a Service Market Scope
The global Identity as a Service market is expected to witness high demand in the forecasted period due to rising demand for cloud-based security services and solutions owing to the concerns pertaining to data security. Identity-as-a-service (IDaaS) is a cloud or SaaS (software-as-a-service)-based application delivery model, which helps enterprises connect and access identity management services from the cloud. It refers to identity and access management services that are offered on a subscription basis. IDaaS enables all users to more securely access sensitive information, both, on-premise and off-premise. According to expertise, 81% of employees surveyed are using their own apps to improve their working productivity. An IDaaS solution can prove to be a tremendous time-saver, improve user satisfaction and IT productivity, and addresses many of the shortcomings associated with password sprawl. and When considering an IDaaS solution, partner with a vendor that can deliver on all of the top IDaaS considerations discussed in this paper and select an IDaaS solution that can centrally authenticate users with their Active Directory identity without replicating to the cloud, that unifies mobile and app access management, is ready for your enterprise globally and one which gives IT valuable insight into which applications and how devices are used and when – restoring lost visibility and control.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States), CA Technologies (United States), SailPoint Technologies (United States), Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States) and Salesforce (United States) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Identity as a Service market throughout the predicted period.
Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States), CA Technologies (United States), SailPoint Technologies (United States), Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States) and Salesforce (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are HCL (India), Capgemini (France), Gemalto (Netherlands), Simeio Solutions (United States), Jumio (United States), Connectis (Netherlands), Auth0 (United States), One Identity (United States) and JumpCloud (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Identity as a Service market by Type and Region with country level break-up.
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). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In March 2020, SailPoint Technologies Holdings, Inc. the leader in identity management, has introduced identity governance for IaaS platforms, resources, and workloads. As enterprises adopt a multi-cloud platform strategy across AWS, Azure and the Google Cloud Platform to keep pace with digital transformation, there is a heightened need to be able to govern access to these platforms with a single identity solution. With two new cloud governance services available as part of the SailPoint Predictive IdentityTM platform, enterprises can now extend identity governance across cloud platforms and resources for all users, including both regular and privileged users plus the non-human users whose access is prevalent in these environments.
In December 2023,GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, announced the launch of its Identity as a Service, which will help organizations address the complex challenges of identity management by optimizing resources, enhancing user experience, and ensuring security.
Stringent global regulations and compliance pertaining to identity theft, such as the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), are forcing the organizations to take extra measures in protecting user accounts of the internal workforce, contractors, and end-users
Influencing Trend:
Increased Security Concerns Both in the Public and Private Sector Enhanced the Demand for Cloud-Based Security Solutions and Services and The rising popularity of the Bring Your Own Device (BYOD) trend in most Telecom and IT companies
Market Growth Drivers:
Obligations to Follow Regulatory Mandates and Data Protection Laws
Challenges:
The rise in IT Infrastructure Complexities
Restraints:
Budgetary Limitations to Inhibit the Adoption of Idaas Solutions and Organizations’ Hesitations About Cloud-Based Security Adoption
Opportunities:
Addition of AI and ML Technologies to Improve Identity Management
Key Target Audience
Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others