The Identity as a Service (IDaaS) Market size is expected to grow from USD 5.6 billion in 2022 to USD 32.74 billion by 2030, at a CAGR of 24.7 % during the forecast period.
1. GLOBAL IDENTITY AS A SERVICE (IDAAS) MARKET
RESEARCH REPORT, 2023-2030
Market Value:
• 2022 = USD 5.6 billion
• 2030 = USD 32.74 billion
• CAGR = 24.7 %
Date Published: December 2023
Publisher: Introspective Market Research
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Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
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The Identity as a Service (IDaaS) Market size is expected to grow from USD
5.6 billion in 2022 to USD 32.74 billion by 2030, at a CAGR of 24.7 % during
the forecast period.
The Identity as a Service (IDaaS) Market involves delivering identity and access
management solutions through a cloud-based service model. It provides
organizations with scalable and secure identity management, authentication, and
access control solutions. IDaaS encompasses features like single sign-on (SSO),
multi-factor authentication, and user provisioning. This market responds to the
increasing demand for flexible and efficient identity management in the digital
era. Key considerations include data privacy, compliance with regulations, and
seamless user experiences. The IDaaS Market plays a crucial role in enhancing
cybersecurity measures for businesses, addressing identity-related challenges,
and facilitating secure access to digital resources across various platforms and
applications.
Top Key Players Covered In Identity as a Service (IDaaS) Market
OneLogin Inc.(US), Atos SE (France), Ping Identity Corporation (US), Microsoft
Corporation (US), Okta Inc. (US), IBM Corporation (US), CyberArk Software
Ltd. (US), Oracle Corporation (US), Equifax (US), Salesforce Inc. (US), Google
LLC (US), CA Technologies Inc. (US), SailPoint Technologies Inc. (US),
ForgeRock Inc. (US) and Other Major Players
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A crucial area of the larger cybersecurity and identity management market is the
Identity as a Service (IDaaS) Market. IDaaS offers cloud-based solutions, such
as user authentication, access management, and identity verification, to
enterprises for the management and security of digital identities. This market is a
response to the requirement for strong identity and access management solutions
to guarantee safe and smooth interactions in the digital sphere, as well as the
growing complexity of digital ecosystems and the popularity of remote work.
IDaaS solutions serve a broad spectrum of businesses, including e-commerce,
healthcare, and banking.
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The growing need for improved identity management and cybersecurity measures
in the digital era is one of the main factors driving the Identity as a Service
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(IDaaS) market. The risk of identity theft, data breaches, and cyber threats has
increased with the growth of internet services. To manage access privileges,
protect sensitive data, and identify individuals, organizations look for complete
and scalable identity solutions. The need for strong identity and access
management systems that can adjust to changing cybersecurity threats and legal
requirements is a key factor driving the market's expansion.
Segmentation Analysis of the Identity as a Service (IDaaS) Market
By Component
• Single-Sign-On (SSO)
• Multi-Factor Authentication (MFA)
• Provisioning
• Compliance and Governance
• Others
By Application
• Document Verification
• Identification
• Screening
By Deployment Mode
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Organization
• Small and Medium Enterprises (SMEs)
• Large Enterprises
By End-User
• IT & Telecommunication
• BFSI
• Healthcare
• Manufacturing
• Others
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Integrating cutting-edge technology like artificial intelligence (AI) with
biometrics for identity verification presents an intriguing potential in the Identity
as a Service (IDaaS) sector. By examining trends, actions, and abnormalities,
artificial intelligence (AI) can improve user authentication procedures, resulting
in more adaptable and safe identity management. Furthermore, adding biometric
identification techniques—like fingerprint scanning or facial recognition—offers
a higher level of security and user comfort. Businesses may take advantage of this
opportunity by investing in the development and integration of these cutting-edge
technologies into their IDaaS solutions, giving businesses access to state-of-the-
art identity management capabilities.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland,
Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain,
Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand,
Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar,
UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Influence of the Report:
• A comprehensive evaluation of all the opportunities and risks in the
Identity as a Service (IDaaS) market.
• Recent innovations and major developments in the Identity as a Service
(IDaaS) market.
• A detailed study of the business strategy for the growth of the player
leading in the market.
• The definitive study on the future growth of the market.
• In-depth understanding of the Identity as a Service (IDaaS) market-specific
drivers, constraints and key micro markets.
• Favorable technology and market latest trends to hit the market.
To sum up, the market for identification as a Service (IDaaS) is vital to solving
the problems of identification and access control in the modern digital world. The
growing significance of cybersecurity and the demand for scalable, cloud-based
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solutions are fueling the market's expansion. The market is positioned for ongoing
innovation and relevance thanks to the chance to incorporate cutting-edge
technologies. The Identity as a Service (IDaaS) Market continues to lead in
providing necessary solutions for efficient identity management in the developing
digital world, as enterprises prioritize safe and smooth digital interactions.
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Table Of Content: -
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Application
3.3 By Deployment mode
3.4 By Organization
3.5 By End-User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
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4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Identity as a Service (IDaaS) Market by Component
5.1 Identity as a Service (IDaaS) Market Overview Snapshot and Growth Engine
5.2 Identity as a Service (IDaaS) Market Overview
5.3 Single-Sign-On (SSO)
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Single-Sign-On (SSO): Geographic Segmentation
5.4 Multi-Factor Authentication (MFA)
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Multi-Factor Authentication (MFA): Geographic Segmentation
5.5 Provisioning
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Provisioning: Geographic Segmentation
5.6 Compliance and Governance
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Compliance and Governance: Geographic Segmentation
5.7 Directory Services
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Directory Services: Geographic Segmentation
5.8 Audit
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Audit: Geographic Segmentation
5.9 Password Management
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size (2016-2028F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Password Management: Geographic Segmentation
Chapter 6: Identity as a Service (IDaaS) Market by Application
6.1 Identity as a Service (IDaaS) Market Overview Snapshot and Growth Engine
6.2 Identity as a Service (IDaaS) Market Overview
6.3 Document Verification
6.3.1 Introduction and Market Overview
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6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Document Verification: Geographic Segmentation
6.4 Identification
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Identification: Geographic Segmentation
6.5 Screening
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Screening: Geographic Segmentation
Chapter 7: Identity as a Service (IDaaS) Market by Deployment mode
7.1 Identity as a Service (IDaaS) Market Overview Snapshot and Growth Engine
7.2 Identity as a Service (IDaaS) Market Overview
7.3 Public Cloud
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Public Cloud: Geographic Segmentation
7.4 Private Cloud
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Private Cloud: Geographic Segmentation
7.5 Hybrid Cloud
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Hybrid Cloud: Geographic Segmentation
Chapter 8: Identity as a Service (IDaaS) Market by Organization
8.1 Identity as a Service (IDaaS) Market Overview Snapshot and Growth Engine
8.2 Identity as a Service (IDaaS) Market Overview
8.3 Small and Medium Enterprises (SMEs)
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Small and Medium Enterprises (SMEs): Geographic Segmentation
8.4 Large Enterprises
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Large Enterprises: Geographic Segmentation
Chapter 9: Identity as a Service (IDaaS) Market by End-User
To Be Continued…
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This research study involved the extensive usage of both primary and secondary data
sources. The research process involved the study of various factors affecting the
industry, including the government policy, market environment, competitive
landscape, historical data, present trends in the market, technological innovation,
upcoming technologies and the technical progress in related industry, and market
risks, opportunities, market barriers and challenges. The following illustrative figure
shows the market research methodology applied in this report.
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Top-down and bottom-up approaches are used to validate the global market size
market and estimate the market size for Company, regions segments, product
segments and Application (end users).
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