IDaaS Market Projected to Hit USD 16.8 Billion at a 24.7% CAGR by 2030 – Report by Market Research Future (MRFR)

Research Reports

Feb 11, 2023

Market Research Future Insights

According to MRFR analysis, the global IDaaS market is expected to register a CAGR of ~25.1% from 2022 to 2030 and hold a value of over USD  17 billion by 2030.

Identity as a Service (IDaaS) is a type of cloud-based service that provides organizations with identity and access management (IAM) capabilities. IDaaS solutions typically include features such as single sign-on (SSO), multi-factor authentication (MFA), user provisioning, and identity governance. These solutions allow organizations to manage and secure access to their applications and data, both on-premises and in the cloud, and can be integrated with existing IT infrastructure. The COVID-19 pandemic has had a significant impact on IDaaS, as organizations have had to quickly adapt to the shift to remote work. The pandemic has led to an increased need for secure remote access to critical applications and data, which has accelerated the adoption of IDaaS market solutions.

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Additionally, many organizations have had to rapidly scale up their IT infrastructure to support a larger remote workforce, which has introduced new challenges for IAM, such as managing and securing access to a larger number of devices and applications. IDaaS solutions can help organizations to manage and secure access to their IT resources and protect against cyber threats, which is crucial in the current scenario.

IDaaS Market Report Scope:

Parameter Details
Revenue Forecast in 2030: USD 24.7 Billion
Growth Rate: CAGR of 16.8% from 2022 to 2030
Forecast Period: 2022 -2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

Regional Analysis

North America is currently the leading market for identification as a service (IDaaS), due to the recent increase in security concerns and data breaches. During the projected period, the growth of the identity as a service (IDaaS) market in this area will be further boosted by the rising number of cyberattacks that aim to access private consumer data, as well as the growing adoption of cloud applications.

Market Segmentation

The Global IDaaS market has been segmented into component, deployment, and vertical.

Based on the component, the market has been segmented into Provisioning, Single Sign-On, Advanced authentication, Audit, Compliance, Governance, Directory service, and Password management.

Based on the deployment, the market has been segmented into Public, Private, and Hybrid.

Based on the verticals, the market has been segmented into BFSI, IT and ITeS, Energy and Utilities, Government, Manufacturing, Healthcare, Retail and Consumer goods, and Others.

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IDaaS Industry Key Players

Some of the key market players are:

  • Okta
  • CyberArk
  • Thales
  • Microsoft
  • Ping Identity
  • OneLogin
  • IBM
  • Oracle
  • Google

 

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: IDaaS Market Share, IDaaS Market Size, IDaaS Market, IDaaS Market Analysis, IDaaS Market Outlook See Campaign: https://www.marketresearchfuture.com/reports/idaas-market-11086

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