Global Identity as a Service Market is valued approximately at USD 6.2 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 27.5% over the forecast period 2024-2032. IDaaS encompasses cloud-based identity and access management (IAM) services provided via subscription. It offers significant benefits such as automating various user account-related operations, reducing company risk, and saving time and money by standardizing crucial identity, authentication, and permission management components. The market is witnessing robust growth, primarily driven by the increasing incidence of cybersecurity breaches and identity-related fraud. The COVID-19 pandemic has accelerated the shift of routine activities and businesses to online platforms, leading to a heightened reliance on digital media and communication networks. Cybercriminals have exploited this shift, causing widespread damage and prompting the adoption of IDaaS solutions. The integration of cloud computing and connected technologies further fuels market expansion.
However, the market faces challenges such as a lack of awareness regarding IAM solutions, especially among small and medium-sized enterprises. Additionally, the shortage of skilled professionals and the complexity of advanced threats pose significant obstacles to market growth. Compliance issues and the fluctuating regulatory landscape also hinder the broader adoption of IDaaS solutions. Despite these challenges, the growing popularity of cloud-based IAM solutions and the rising adoption of emerging technologies such as AI, biometrics, and others present lucrative opportunities for market growth. The integration of AI and machine learning technologies enhances the efficiency of IDaaS solutions, driving their adoption across various sectors.
The key regions considered for the global Identity as a Service Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Identity as a Service Market in terms of revenue. The market growth in the region is being attributed to factors including widespread adoption of advanced technologies and robust infrastructure. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period. The region's increasing demand for digitalization and high internet penetration are anticipated to provide significant growth opportunities.
Major market players included in this report are:
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Ping Identity Corporation
- Okta, Inc.
- SailPoint Technologies Holdings, Inc.
- OneLogin, Inc.
- Centrify Corporation
- Broadcom Inc.
- Gemalto NV
- Idaptive, LLC
- Auth0, Inc.
- SecureAuth Corporation
- HID Global Corporation
- Avatier Corporation
The detailed segments and sub-segment of the market are explained below:
By Component:
- Provisioning
- Single-Sign-On (SSO)
- Multi-Factor Authentication (MFA)
- Audit, Compliance and Governance
- Directory Services
- Password Management
By Deployment Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Enterprise Size:
- Large Enterprise
- Small and Medium-sized Enterprise
By Industry Vertical:
- BFSI
- IT and Telecom
- Manufacturing
- Government and Public Sector
- Energy and Utilities
- Healthcare
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Identity as a Service (IDaaS) Market Executive Summary
- 1.1. Global Identity as a Service Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Deployment Type
- 1.3.3. By Enterprise Size
- 1.3.4. By Industry Vertical
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Identity as a Service Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Identity as a Service Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increase in the number of identity frauds
- 3.1.2. Growing adoption of cloud computing and connected technologies
- 3.1.3. Supportive government policies and investments in security standards
- 3.2. Market Challenges
- 3.2.1. Lack of awareness and skilled professionals for IAM solutions
- 3.2.2. Complexity of advanced threats and regulatory landscape
- 3.2.3. Security and compliance issues with cloud migration
- 3.3. Market Opportunities
- 3.3.1. Integration of AI and ML technologies
- 3.3.2. Rising demand for digitalization in emerging markets
- 3.3.3. Strategic investments in expanding security operations
Chapter 4. Global Identity as a Service Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Identity as a Service Market Size & Forecasts by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Identity as a Service Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Provisioning
- 5.2.2. Single-Sign-On (SSO)
- 5.2.3. Multi-Factor Authentication (MFA)
- 5.2.4. Audit, Compliance and Governance
- 5.2.5. Directory Services
- 5.2.6. Password Management
Chapter 6. Global Identity as a Service Market Size & Forecasts by Deployment Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Identity as a Service Market: Deployment Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Public Cloud
- 6.2.2. Private Cloud
- 6.2.3. Hybrid Cloud
Chapter 7. Global Identity as a Service Market Size & Forecasts by Enterprise Size 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Identity as a Service Market: Enterprise Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Large Enterprise
- 7.2.2. Small and Medium-sized Enterprise
Chapter 8. Global Identity as a Service Market Size & Forecasts by Industry Vertical 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Identity as a Service Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. BFSI
- 8.2.2. IT and Telecom
- 8.2.3. Manufacturing
- 8.2.4. Government and Public Sector
- 8.2.5. Energy and Utilities
- 8.2.6. Healthcare
- 8.2.7. Others
Chapter 9. Global Identity as a Service Market Size & Forecasts by Region 2022-2032
- 9.1. North America Identity as a Service Market
- 9.1.1. U.S. Identity as a Service Market
- 9.1.1.1. Component breakdown size & forecasts, 2022-2032
- 9.1.1.2. Deployment Type breakdown size & forecasts, 2022-2032
- 9.1.1.3. Enterprise Size breakdown size & forecasts, 2022-2032
- 9.1.1.4. Industry Vertical breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Identity as a Service Market
- 9.1.3. Mexico Identity as a Service Market
- 9.2. Europe Identity as a Service Market
- 9.2.1. UK Identity as a Service Market
- 9.2.2. Germany Identity as a Service Market
- 9.2.3. France Identity as a Service Market
- 9.2.4. Spain Identity as a Service Market
- 9.2.5. Italy Identity as a Service Market
- 9.2.6. Rest of Europe Identity as a Service Market
- 9.3. Asia-Pacific Identity as a Service Market
- 9.3.1. China Identity as a Service Market
- 9.3.2. India Identity as a Service Market
- 9.3.3. Japan Identity as a Service Market
- 9.3.4. Australia Identity as a Service Market
- 9.3.5. South Korea Identity as a Service Market
- 9.3.6. Rest of Asia Pacific Identity as a Service Market
- 9.4. Latin America Identity as a Service Market
- 9.4.1. Brazil Identity as a Service Market
- 9.4.2. Mexico Identity as a Service Market
- 9.4.3. Rest of Latin America Identity as a Service Market
- 9.5. Middle East & Africa Identity as a Service Market
- 9.5.1. Saudi Arabia Identity as a Service Market
- 9.5.2. South Africa Identity as a Service Market
- 9.5.3. Rest of Middle East & Africa Identity as a Service Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. IBM Corporation
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Microsoft Corporation
- 10.3.3. Oracle Corporation
- 10.3.4. Okta, Inc.
- 10.3.5. Ping Identity Corporation
- 10.3.6. SailPoint Technologies Holdings, Inc.
- 10.3.7. OneLogin, Inc.
- 10.3.8. Centrify Corporation
- 10.3.9. Broadcom Inc.
- 10.3.10. Auth0, Inc.
- 10.3.11. Gemalto NV
- 10.3.12. HID Global Corporation
- 10.3.13. Idaptive, LLC
- 10.3.14. SecureAuth Corporation
- 10.3.15. Avatier Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes