Identity as a Service Market Emerging Technologies, COVID – 19 Outbreak, Regional Study, Business Trends, Industry Profit Growth and Future Prospects

Research Reports

Jan 18, 2021

Identity as a Service Market Insight:

With things going haywire, Market Research Future (MRFR) analyzes vital points to make sure that the businesses around the globe in the global identity as a service (IDaaS) market 2020 are entirely prepared to tackle potential implications caused by COVID-19 pandemic. MRFR, from its study, estimates that the global utility asset management market 2020 can reach its target to get at least 18.4% CAGR during the forecast period 2017-2023. The valuation to record could record USD 10.8 Billion by 2024.

Industry Players:

Identity as a Service Market players Okta, Inc. (US), Avatier (US), OneLogin, Inc (US), Microsoft Corporation, (US), Centrify Corporation (US), Fischer Identity (US), iWelcome (Netherlands), Oracle Corporation (US), LoginRadius (Canada), Ping Identity (US), IDaptive, LLC. (US) VMWare (US), and Ubisecure, Inc. (Finland) are identified as leading industry players across different regions.

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Top Impactful Factors:

MRFR has identified in its study that a boost in the security matters in the public and private sector, demand for cloud-based security solutions and services across the IT infrastructure, and mandating regulatory and data protection laws. These are some of the factors expected to drive the development in the Global Identity-as-a-Service (IDaaS) Market.

The study predicts that gone are the days when the Internet of Things (IoT) was the ‘next big thing’ in the industrial landscape. The rise of ‘Industry 4.0’ has hard-pressed businesses towards the actual next big thing that is the Identity of Things (IDoT). Thus, the risen adoption of IoT has caused a stir in the technical, business approach of end-users, and the explosion in the number of IoT-connected devices has triggered severe concerns about identity and access management. The demand for identity-as-a-service (IDaaS) has surged tremendously in the past decade, as the need for identity management platforms such as IDoT, for IoT initiatives, has intensified globally.

To add in this, the identity as a service market is witnessing exponential growth, as businesses are incorporating IoT carefully with essential business operations, and this has bolstered the necessitate for a fresh approach towards identity management processes. Also, with the advent of next-generation technologies, comprising Artificial Intelligence (AI) and cloud computing, the identity as a service market has emerged as a multibillion-dollar landscape in the last few years, that will continue with the stream of growth post-COVID-19 pandemic

Therefore, sensing the enormous growth potential for the providers of identity-as-a-service in the IoT-driven industrial ecosystem, MRFR offers exclusive insights on how to expand the business after long term impact of COVOD-19 outbreak and highly-profitable landscape.

Segmentation of Market:

MRFR’s new study offers segmental information about the identity-as-a-service market and its competitive landscape. The segmentation has been done across service, organization size, deployment, and vertical segments.

  • In terms of the service segment, the global market has included access, identity governance & administration, and intelligence.
  • In terms of organization size segment, the global IDaaS market includes small- and medium-sized enterprises (SME) and large enterprises.
  • In terms of the deployment segment, the global IDaaS market has included public cloud, private cloud, and hybrid.
  • In terms of vertical segment, the global IDaaS market has included financial services, banking, and insurance (BFSI), retail and CPG, IT and telecommunication, manufacturing, energy and utilities,  healthcare and life sciences, government and defense, transportation, and others.

Regional Front:

The geographic scrutiny of the global IDaaS market has been done for critical regions of Europe, Asia-Pacific, North America, and the rest of the world.

North America region is anticipated to score the prevalent market size in the assessment period. The US leads the market in North America owing to the early adoption of DevSecOps practices for identity and access management and strict government directives for data protection. The mounting cyber threats and swelling demand for reliable identification and authentication solutions on the cloud are motivating the IDaaS market growth in the region.

With this, the Asia-Pacific region is expected to be the fastest expanding market in the global IDaaS market during the assessment period. The emergent adoption of the BYOD trend and IoT across verticals and rising awareness among enterprises over security in developing economies in Asia-Pacific are some of the foremost opportunities for the IDaaS market in Asia-Pacific.

Table of Contents

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Identity as A Service Market, By Service

1.3 Global Identity as A Service Market, By Organization Size

1.4 Global Identity as A Service Market, By Deployment

1.5 Global Identity as A Service Market, By Vertical

1.6 Identity as A Service Market, By Region

Continued……

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List of Tables

Table 1 Global Identity As A Service Market, By Region, 2019–2024

Table 2 North America: Global Identity As A Service Market, By Country, 2019–2024

Table 3 Europe: Global Identity As A Service Market, By Country, 2019–2024

Table 4 Asia-Pacific: Global Identity As A Service Market, By Country, 2019–2024

Table 5 Rest of The World: Global Identity As A Service Market, By Country, 2019–2024

Continued……

List of Figures

Figure 1 Global Identity As A Service Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis Of Global Identity As A Service Market

Figure 4 Value Chain/Supply Chain Of Global Identity As A Service Market

Figure 5 Share of The Global Identity As A Service Market In 2018, By Country (In %)

Continued……

About Market Research Future

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

Tags: Global Identity as a Service Market, Identity as a Service Market Forecast, Identity as a Service Market Trends, Identity as a Service Market Size, Identity-as-a-Service Industry, Identity-as-a-Service Market See Campaign: https://www.marketresearchfuture.com/reports/identity-service-market-7928
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