Identity-as-a-Service Market - Forecast(2024 - 2030)

Report Code: ITR 0422 Report Format: PDF + Excel

Identity-as-a-Service Market Overview:

Identity-as-a-Service Market size is estimated to reach USD $ 5.5 Billion by 2030, growing at a CAGR of 25% during the forecast period 2023-2030. Identity-as-a-Service (IDaaS) is a cloud-based identity and access management (IAM) solution that provides secure and convenient access to various applications, systems, and services for users within an organization. IDaaS platforms offer a range of identity management capabilities, including single sign-on (SSO), multi-factor authentication (MFA), user provisioning, and more.
IDaaS solutions can be used by organizations of all sizes, but they are particularly popular among small and medium-sized businesses (SMBs). SMBs often lack the resources to implement and maintain their own IAM infrastructure, so IDaaS provides them with a cost-effective and scalable solution. IDaaS solutions can also be used by large enterprises to supplement their existing IAM infrastructure. For example, large enterprises may use IDaaS to provide SSO and MFA for their cloud-based applications.

The IDaaS market is anticipated to sustain its growth in the years ahead.As more and more organizations move to the cloud and adopt cloud-based applications, the need for IDaaS solutions will increase. Additionally, the growing threat of cyberattacks is driving organizations to invest in stronger security measures, such as IDaaS. to adapt to evolving cybersecurity challenges. It is projected that this market will continue to expand as more organizations recognize the need for effective identity and access management. 
The identity as a service market is experiencing growth primarily due to the rising incidence of identity frauds and the increasing integration with IoT devices. Nonetheless, market expansion faces some hindrance in the form of data privacy concerns related to consumer information and the outsourcing of critical applications. Additionally, there are promising prospects for market growth in the forecast period as evolving technologies are integrated to enhance digital identities.

Market Snapshot:

Identity-as-a-Service Market - Report Coverage:

“Identity-as-a-Service Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Identity-as-a-Service Market.

Attribute

Segment

By Component

  • Provisioning

  • Single Sign-On(SSO)

  • Multi-Factor Authentication (MFA)

  • Audit

  • Compliance and Governance

  • Directory Services

  • Password Management

  • Others

By Deployment Type

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

By Enterprise

  • Small & Medium Enterprise(SMEs)

  • Large Enterprise

By Services

  • On-site

  • In-house

By End Use

  • Banking, Financial Services, Insurance(BFSI)

  • Telecom and IT

  • Government and Public Sector

  • Healthcare

  • Energy and Utilities

  • Retail and Consumer Goods

  • Others

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).


Identity-as-a-Service Market - Top Trends

Increased adoption of AI and ML: Artificial intelligence (AI) and machine learning (ML) are being used to improve the security and efficiency of IDaaS solutions. For example, AI and ML can be used to detect and prevent fraud, automate user provisioning and deprovisioning, and provide personalized security recommendations.

Growing focus on customer identity and access management (CIAM): CIAM is a set of practices for managing customer identities and access to applications and services. IDaaS solutions are increasingly incorporating CIAM features, such as social login, progressive profiling, and consent management.

Rise of zero trust security: Zero trust security is a security model that assumes that no user or device can be trusted by default. IDaaS solutions can play a key role in zero trust implementations by providing strong authentication and authorization capabilities.

Accelerated adoption of cloud-based IDaaS: Cloud-based IDaaS solutions are becoming increasingly popular, as they offer a number of advantages over on-premises solutions, such as scalability, flexibility, and ease of deployment.

Growing demand for IDaaS in emerging markets: The IDaaS market is growing rapidly in emerging markets, such as Asia-Pacific and Latin America. This growth is being driven by factors such as the increasing adoption of cloud-based applications and services, the growing need for compliance, and the rising threat of cyberattacks.

Identity-as-a-Service Market - Company Analysis

iWelcome is a privately held IDaaS company that was founded in 2005. iWelcome is known for its innovative approach to IDaaS, which focuses on providing a user-friendly experience for both end users and administrators. iWelcome's IDaaS solution includes a variety of features, such as single sign-on (SSO), multi-factor authentication (MFA), user provisioning, and directory services.

Okta, Inc is a publicly traded IDaaS company that was founded in 2009. Okta is one of the leading providers of IDaaS solutions, and its customers include some of the world's largest companies. Okta's IDaaS solution is known for its scalability and flexibility, and it includes a wide range of features, such as SSO, MFA, user provisioning, and directory services.

Capegemini  is a global IT consulting and services company that offers a variety of IDaaS solutions. Capegemini's IDaaS solutions are designed to help organizations of all sizes improve their security and compliance posture. Capegemini's IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

CA Technologies is a global software company that offers a variety of IT management solutions, including IDaaS solutions. CA Technologies' IDaaS solutions are designed to help organizations of all sizes improve their security and compliance posture. CA Technologies' IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

OneLogin Inc is a privately held IDaaS company that was founded in 2011. OneLogin is known for its user-friendly IDaaS solution, which is designed to be easy to implement and manage. OneLogin's IDaaS solution includes a variety of features, such as SSO, MFA, user provisioning, and directory services.

Salesforce.com is a publicly traded cloud computing company that offers a variety of CRM and marketing solutions, including IDaaS solutions. Salesforce's IDaaS solutions are designed to help organizations of all sizes improve their security and compliance posture. Salesforce's IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

Exostar is a privately held IDaaS company that was founded in 2000. Exostar is known for its focus on providing IDaaS solutions for the aerospace and defense industry. Exostar's IDaaS solutions are designed to help organizations in the aerospace and defense industry comply with strict security and compliance regulations. Exostar's IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

JumpCloud is a privately held IDaaS company that was founded in 2011. JumpCloud is known for its cloud-based IDaaS solution, which is designed to be easy to use and manage. JumpCloud's IDaaS solution includes a variety of features, such as SSO, MFA, user provisioning, and directory services.

Oracle Corporation is a publicly traded software company that offers a variety of enterprise software solutions, including IDaaS solutions. Oracle's IDaaS solutions are designed to help organizations of all sizes improve their security and compliance posture. Oracle's IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

Microsoft is a publicly traded technology company that offers a variety of software and hardware solutions, including IDaaS solutions. Microsoft's IDaaS solutions are designed to help organizations of all sizes improve their security and compliance posture. Microsoft's IDaaS solutions include a variety of features, such as SSO, MFA, user provisioning, and directory services.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Identity-as-a-Service Market adopt. The top 10 companies in Identity-as-a-Service Market are listed below:
  1. iWelcome
  2. Okta, Inc
  3. Capegemini, 
  4. CA Technologies, 
  5. OneLogin Inc. 
  6. Salesforce.com 
  7. Exostar 
  8. JumpCloud 
  9. Oracle Corporation 
  10. Microsoft 

Scope of the Report: 

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

25 %

Market Size in 2030

$5.5 Billion

Segments Covered

By Component, By Deployment Type, By Enterprise, By Services,  By End- User and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. iWelcome

  2. Okta, Inc

  3. Capegemini,

  4. CA Technologies,

  5. OneLogin Inc.

  6. Salesforce.com

  7. Exostar

  8. JumpCloud

  9. Oracle Corporation

  10. Microsoft


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1. Identity-as-a-Service Market Overview
    1.1 Definitions and Scope
2. Identity-as-a-Service Market – Executive Summary
3. Identity-as-a-Service Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Size Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Identity-as-a-Service Market – Startup Company Scenario 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Identity-as-a-Service Market – Market Entry Scenario Premium 
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Identity-as-a-Service Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Identity-as-a-Service Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Identity-as-a-Service Market – By Component (Market Size - $Million/$Billion)
    8.1 Provisioning
        8.1.1 Market Trends by Region 
        8.1.2 Market Size & Forecast by Region
    8.2 Single Sign-On (SSO)
        8.2.1 Market Trends by Region
        8.2.2 Market Size & Forecast by Region
    8.3 Multi-Factor Authentication (MFA)
        8.3.1 Market Trends by Region
        8.3.2 Market Size & Forecast by Region
    8.4 Audit
        8.4.1 Market Trends by Region
        8.4.2 Market Size & Forecast by Region
    8.5 Compliance and Governance
        8.5.1 Market Trends by Region
        8.5.2 Market Size & Forecast by Region
    8.6 Directory Services
        8.6.1 Market Trends by Region
        8.6.2 Market Size & Forecast by Region
    8.7 Password Management
        8.7.1 Market Trends by Region
        8.7.2 Market Size & Forecast by Region
    8.8 Others
        8.8.1 Market Trends by Region
        8.8.2 Market Size & Forecast by Region
9. Identity-as-a-Service Market – By Deployment Type (Market Size - $Million/$Billion)
    9.1 Public Cloud
        9.1.1 Market Trends by Region
        9.1.2 Market Size & Forecast by Region
    9.2 Private Cloud
        9.2.1 Market Trends by Region
        9.2.2 Market Size & Forecast by Region
    9.3 Hybrid Cloud
        9.3.1 Market Trends by Region
        9.3.2 Market Size & Forecast by Region
10. Identity-as-a-Service Market – By Enterprise (Market Size - $Million/$Billion)
    10.1 Small & Medium Enterprise (SMEs)
        10.1.1 Market Trends by Region
        10.1.2 Market Size & Forecast by Region
    10.2 Large Enterprise
        10.2.1 Market Trends by Region
        10.2.2 Market Size & Forecast by Region
11. Identity-as-a-Service Market – By Services  (Market Size - $Million/$Billion)
    11.1 On-site
        11.1.1 Market Trends by Region
        11.1.2 Market Size & Forecast by Region
    11.2 In-house
        11.2.1 Market Trends by Region
        11.2.2 Market Size & Forecast by Region
12. Identity-as-a-Service Market – By End Use (Market Size - $Million/$Billion)
    12.1 Banking, Financial Services, and Insurance (BFSI)
        12.1.1 Market Trends by Region
        12.1.2 Market Size & Forecast by Region
    12.2 Telecom and IT
        12.2.1 Market Trends by Region
        12.2.2 Market Size & Forecast by Region
    12.3 Government and Public Sector
        12.3.1 Market Trends by Region
        12.3.2 Market Size & Forecast by Region
    12.4 Healthcare
        12.4.1 Market Trends by Region
        12.4.2 Market Size & Forecast by Region
    12.5 Energy and Utilities
        12.5.1 Market Trends by Region
        12.5.2 Market Size & Forecast by Region
    12.6 Retail and Consumer Goods
        12.6.1 Market Trends by Region
        12.6.2 Market Size & Forecast by Region
    12.7 Others
        12.7.1 Market Trends by Region
        12.7.2 Market Size & Forecast by Region
13. Identity-as-a-Service Market – by Geography (Market Size - $Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 U.K.
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Identity-as-a-Service Market – Market Entropy
    14.1 New product launches
    14.2 M&A’s, collaborations, JVs and partnerships
15. Identity-as-a-Service Market – Industry Competition Landscape 
    15.1 Market Size Analysis
        15.1.1 Market Size by Technology – Key Companies
        15.1.2 Market Size by Country – Key Companies
        15.1.3 Market Size by Region – Key Companies
    15.2 Competition Matrix
    15.3 Best Practices for Companies
16. Identity-as-a-Service Market – Key Company List by Country Premium 
17. Identity-as-a-Service Market – Company Analysis
    17.1 iWelcome
    17.2 Okta, Inc
    17.3 Capegemini, 
    17.4 CA Technologies, 
    17.5 OneLogin Inc. 
    17.6 Salesforce.com 
    17.7 Exostar 
    17.8 JumpCloud 
    17.9 Oracle Corporation 
    17.10 Microsoft 
    17.11 IBM Corporation 
    17.12 Ping Identity Corporation 
    17.13 Centrify Corporation 
    17.14 Google LLC 
    17.15 Fischer International Identity 
    17.16 SailPoint Technologies 
    17.17 IDaptive, LLC
    17.18 Simeio Solutions
    17.19 HCL Technologies
    17.20 Others.

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Identity-as-a-Service Market is forecast to grow at CAGR of 25 % during the forecast period 2023-2030.

Identity-as-a-Service Market size is projected to reach USD $5.5 Billion by 2030.

Top Companies in the Identity-as-a-Service Market are iWelcome, Okta, Inc, Capegemini, CA Technologies, OneLogin Inc. and others.