All updated as on -
The market for identification as a service was estimated at $5.80 billion in 2023, and it is anticipated to increase to $54 billion by 2030, at a CAGR of 26.2%.
Identity as a Service (IDaaS) solutions are expected to become more popular as a result of rising demand for cloud-based security services and solutions due to worries about data security. Identity and access management solutions are needed by organizations since they must grant access to employees who operate remotely while maintaining security compliance. IDaaS solutions are in high demand due to stringent regulatory requirements and data protection rules. Organizations are being forced to take extra precautions in protecting user accounts of the internal workforce, contractors, and end users as a result of stringent international regulations and compliance regarding identity theft, such as the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA). To maintain strong security against the escalating threats connected with the usage of cloud services, end-to-end identity and access management features would be necessary.
During the pandemic crisis, large, small, and medium-sized businesses moved their whole company operations online. Due to the stay-at-home restriction, industries like retail, IT and telecom, healthcare, and BFSI used cloud-based solutions and applications to offer clients tailored services. Due to this aspect, the amount of sensitive and personal data available on online platforms has greatly expanded, raising concerns about data security. The need for identification as a service across sectors is fueled by this data security concern. Following the epidemic, there is an increasing demand for identification framework compliance with data privacy. For instance, the National Health Service of England is implementing digital IDs to verify healthcare providers in the face of a pandemic. The epidemic has therefore made it possible to access sensitive data through restricted and monitored solutions. After the pandemic, this aspect is anticipated to boost the rise of the identity as a service market.
Identity and access management (IAM) services that are provided through the cloud and are remunerated via subscription are referred to as Identity as a Service (IDaaS). Due to its capability to automate a range of user account-related tasks, IDaaS offers administrators protection from security issues. By standardizing and automating essential identity, authentication, and permission management components, it lowers business risk and saves time and money. IDaaS combines the benefits of cloud computing with a number of services, such as ID verification, user access control, multi-factor authentication, and compliance monitoring. Enterprise-class identity and access management as a service with identity as a service. IDaaS is used to manage and authenticate user IDs. It also helps to stop hackers and unauthorized individuals from obtaining confidential data.
The market for identity as a service is expanding mostly due to the rise in identity fraud cases and improved IoT device integration. However, consumer data privacy issues and the outsourcing of crucial applications limit market expansion to some extent. Additionally, throughout the projected period, it is anticipated that the integration of developing technologies to enhance digital identities would present profitable potential for market expansion.
The market will rise as the Bring Your Own Device (BYOD) movement gains traction in most telecom and IT firms. When outside devices access a company's network, the IT departments of those companies fight to safeguard their informational assets. Additionally, multi-cloud computing systems are becoming increasingly ingrained in the contemporary organizational ecology, particularly in communications and IT firms. As these multi-cloud computing systems gain increasing traction, they are highlighting the need for much more efficient identity management services to safeguard their public cloud infrastructures.
Organizations across all industries continue to be at risk from cybercrimes targeting critical apps and infrastructures. These attacks' sophistication keeps increasing on a daily basis. According to a recent study, fraud causes a company to lose about 5% of its annual sales. By 2022, it is predicted that enterprises will have lost a whopping USD 4.2 trillion in income. These dangers, which come from both internal and external sources, have the potential to cause business interruptions, data breaches, and financial losses. Corporations have serious financial repercussions, and their reputations are frequently damaged.These frauds have the power to ruin client relationships, destroy trust, and interfere with payment systems, leading to bank account fraud and declining services. In addition to the above-mentioned reputational and financial losses, firms also deal with indirect costs including lost productivity, low employee morale, and a tarnished brand image. Effective identity management has become essential for firms' IT operations given the rising danger of cyberattacks. Enterprise-wide use of Identity-as-a-Service (IDaaS) technologies can reduce the possibility of such scams and offset revenue losses. The market CAGR is driven by this element.
Report Coverage
Global Identity as a Service research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Identity as a Service report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Identity as a Service competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Identity as a Service market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Identity as a Service market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Identity as a Service market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), and One Identity LLC (US), among others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Identity as a Service market based on the below-mentioned segments:
Global Identity as a Service Market, By Deployment Type
Public cloud
Private cloud
Hybrid cloud
Global Identity as a Service market, By Industry Vertical
BFSI
IT and Telecom
Manufacturing
Government and Public Sector
Energy and Utilities
Healthcare
Others
Global Identity as a Service Market, By Component
Provisioning
Single-Sign-On (SSO)
Multi-Factor Authentication (MFA)
Audit, Compliance and Governance
Directory Services
Password Management
Global Identity as a Service market, Regional Analysis
Identity as a Service (IDaaS) solutions are expected to become more popular as a result of rising demand for cloud-based security services and solutions due to worries about data security. Identity and access management solutions are needed by organizations since they must grant access to employees who operate remotely while maintaining security compliance. IDaaS solutions are in high demand due to stringent regulatory requirements and data protection rules. Organizations are being forced to take extra precautions in protecting user accounts of the internal workforce, contractors, and end users as a result of stringent international regulations and compliance regarding identity theft, such as the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA). To maintain strong security against the escalating threats connected with the usage of cloud services, end-to-end identity and access management features would be necessary.
During the pandemic crisis, large, small, and medium-sized businesses moved their whole company operations online. Due to the stay-at-home restriction, industries like retail, IT and telecom, healthcare, and BFSI used cloud-based solutions and applications to offer clients tailored services. Due to this aspect, the amount of sensitive and personal data available on online platforms has greatly expanded, raising concerns about data security. The need for identification as a service across sectors is fueled by this data security concern. Following the epidemic, there is an increasing demand for identification framework compliance with data privacy. For instance, the National Health Service of England is implementing digital IDs to verify healthcare providers in the face of a pandemic. The epidemic has therefore made it possible to access sensitive data through restricted and monitored solutions. After the pandemic, this aspect is anticipated to boost the rise of the identity as a service market.
Identity and access management (IAM) services that are provided through the cloud and are remunerated via subscription are referred to as Identity as a Service (IDaaS). Due to its capability to automate a range of user account-related tasks, IDaaS offers administrators protection from security issues. By standardizing and automating essential identity, authentication, and permission management components, it lowers business risk and saves time and money. IDaaS combines the benefits of cloud computing with a number of services, such as ID verification, user access control, multi-factor authentication, and compliance monitoring. Enterprise-class identity and access management as a service with identity as a service. IDaaS is used to manage and authenticate user IDs. It also helps to stop hackers and unauthorized individuals from obtaining confidential data.
The market for identity as a service is expanding mostly due to the rise in identity fraud cases and improved IoT device integration. However, consumer data privacy issues and the outsourcing of crucial applications limit market expansion to some extent. Additionally, throughout the projected period, it is anticipated that the integration of developing technologies to enhance digital identities would present profitable potential for market expansion.
The market will rise as the Bring Your Own Device (BYOD) movement gains traction in most telecom and IT firms. When outside devices access a company's network, the IT departments of those companies fight to safeguard their informational assets. Additionally, multi-cloud computing systems are becoming increasingly ingrained in the contemporary organizational ecology, particularly in communications and IT firms. As these multi-cloud computing systems gain increasing traction, they are highlighting the need for much more efficient identity management services to safeguard their public cloud infrastructures.
Organizations across all industries continue to be at risk from cybercrimes targeting critical apps and infrastructures. These attacks' sophistication keeps increasing on a daily basis. According to a recent study, fraud causes a company to lose about 5% of its annual sales. By 2022, it is predicted that enterprises will have lost a whopping USD 4.2 trillion in income. These dangers, which come from both internal and external sources, have the potential to cause business interruptions, data breaches, and financial losses. Corporations have serious financial repercussions, and their reputations are frequently damaged.These frauds have the power to ruin client relationships, destroy trust, and interfere with payment systems, leading to bank account fraud and declining services. In addition to the above-mentioned reputational and financial losses, firms also deal with indirect costs including lost productivity, low employee morale, and a tarnished brand image. Effective identity management has become essential for firms' IT operations given the rising danger of cyberattacks. Enterprise-wide use of Identity-as-a-Service (IDaaS) technologies can reduce the possibility of such scams and offset revenue losses. The market CAGR is driven by this element.
Report Coverage
Global Identity as a Service research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Identity as a Service report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Identity as a Service competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Identity as a Service market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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), and One Identity LLC (US), among others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Identity as a Service Market from 2021 to 2030.
- Market Forecast for Identity as a Service Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Identity as a Service competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Identity as a Service
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Identity as a Service market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Identity as a Service market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), and One Identity LLC (US), among others
Primary Target Market
- Market Players of Identity as a Service
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Identity as a Service market based on the below-mentioned segments:
Global Identity as a Service Market, By Deployment Type
Public cloud
Private cloud
Hybrid cloud
Global Identity as a Service market, By Industry Vertical
BFSI
IT and Telecom
Manufacturing
Government and Public Sector
Energy and Utilities
Healthcare
Others
Global Identity as a Service Market, By Component
Provisioning
Single-Sign-On (SSO)
Multi-Factor Authentication (MFA)
Audit, Compliance and Governance
Directory Services
Password Management
Global Identity as a Service market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive identity as a service market market research and competitor analysis for your business to help you develop more profound insights into the identity as a service market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the identity as a service market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.