The global market for Identity-as-a-Service was estimated at US$10.9 Billion in 2023 and is projected to reach US$36.0 Billion by 2030, growing at a CAGR of 18.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Identity-as-a-Service Market - Key Trends and Drivers Summarized
Why Is Identity-as-a-Service (IDaaS) Gaining Traction in Modern Enterprises?
Identity-as-a-Service (IDaaS) is becoming a critical tool for enterprises as they manage the identities of employees, customers, and partners across complex digital ecosystems. IDaaS platforms provide cloud-based identity management solutions, enabling organizations to streamline the process of authenticating, authorizing, and managing user identities. These platforms offer a centralized approach to identity governance and access control, allowing businesses to enhance security and improve compliance with regulatory requirements. With the increasing shift towards cloud computing and remote work, IDaaS solutions provide a flexible, scalable, and cost-effective way to manage digital identities without the need for extensive on-premise infrastructure.How Are Technological Innovations Shaping the Identity-as-a-Service Market?
Technological advancements such as artificial intelligence (AI), multi-factor authentication (MFA), and blockchain are transforming the IDaaS market. AI-powered identity analytics allow IDaaS platforms to continuously monitor user behaviors and detect anomalies, enabling proactive threat detection. Multi-factor authentication is now a standard feature, adding an extra layer of security by requiring users to provide multiple forms of identification before gaining access to systems. Additionally, blockchain-based IDaaS platforms are emerging, offering decentralized and immutable identity management systems that reduce the risk of data breaches and enhance privacy. These innovations are making IDaaS more secure, reliable, and efficient, allowing businesses to protect sensitive data in increasingly complex IT environments.How Do Market Segments Define the Identity-as-a-Service Market?
Components include provisioning, directory services, and access management, with access management being one of the dominant segments as organizations prioritize secure and compliant access to digital resources. Deployment types are divided into public, private, and hybrid clouds, with public cloud solutions leading the market due to their cost-effectiveness and scalability. Organization sizes range from small and medium-sized enterprises (SMEs) to large enterprises, with large enterprises driving the adoption of IDaaS due to their complex identity management needs. Industry verticals include BFSI, healthcare, IT & telecom, and retail, with BFSI leading the market due to strict regulatory compliance requirements and the need to safeguard sensitive financial data.What Factors Are Driving the Growth in the Identity-as-a-Service Market?
The growth in the Identity-as-a-Service market is driven by several factors, including the increasing adoption of cloud-based applications, rising concerns over data security, and stringent compliance requirements. As businesses continue to migrate to cloud environments, the need for scalable and flexible identity management solutions has surged. IDaaS platforms offer the ability to manage identities securely and efficiently across multiple cloud services and applications, making them essential for modern enterprises. Furthermore, growing concerns over data breaches and cyberattacks are pushing organizations to adopt more secure identity management practices, driving demand for IDaaS solutions. Additionally, regulatory mandates such as the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA) are prompting businesses to enhance their identity governance and compliance efforts.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Provisioning Component segment, which is expected to reach US$10.3 Billion by 2030 with a CAGR of a 17.0%. The Single Sign-On Component segment is also set to grow at 18.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $3.1 Billion in 2023, and China, forecasted to grow at an impressive 18.1% CAGR to reach $5.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Identity-as-a-Service Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Identity-as-a-Service Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Identity-as-a-Service Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Identity-as-a-Service market such as Auth0, CA Technologies, Capgemini, Connectis, Gemalto and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 33 companies featured in this Identity-as-a-Service market report include:
- Auth0
- CA Technologies
- Capgemini
- Connectis
- Gemalto
- HCL
- IBM
- Idaptive
- Jumio
- JumpCloud
- Microsoft
- One Identity
- Onelogin
- Oracle
- Ping Identity
- SailPoint Technologies
- Salesforce
- Simeio Solutions
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
Companies Mentioned
- Auth0
- CA Technologies
- Capgemini
- Connectis
- Gemalto
- HCL
- IBM
- Idaptive
- Jumio
- JumpCloud
- Microsoft
- One Identity
- Onelogin
- Oracle
- Ping Identity
- SailPoint Technologies
- Salesforce
- Simeio Solutions
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10.9 Billion |
| Forecasted Market Value ( USD | $ 36 Billion |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
