Identity as a Service market is highly competitive and focused on the top five companies accounting for the maximum share of the global revenue. Key companies of the market are providing advanced solutions to gain an edge over their competitors.
Dallas, United States - October 25, 2020 /MarketersMedia/ —
The integration of machine learning and artificial intelligence technologies with identity management solutions are anticipated to be opportunistic for the Identity As A Service (IDaaS) Market
The global identity as a service market size is projected to reach over USD 10 billion by 2025. Also, it is anticipated to gather a CAGR of over 23% over the forecast period 2018-2025. Growing security concerns among private and public sector organizations are creating a demand for identity as a service (IDaaS) solutions. The identity as service solutions provides the enhanced user experience, identity analytics, API security, and federated identity. Such capabilities further enable detection and response in real-time.
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The current and future identity as a service market advances is defined to state the attractiveness of the market. Key impacting aspects focus on Identity as a Service of market opportunities during the forecast period. Factors such as the increasing demand for cloud-based security services and solutions is driving the market growth. Also, the growing security concerns among private as well as the public sector is boosting the global identity as a service market growth. However, the high initial investment costs are likely to hamper the market growth. Furthermore, the integration of machine learning and artificial intelligence technologies with identity management solutions are anticipated to provide growth opportunities for the market in the upcoming years.
The report also highlights various aspects of global identity as a service industry by analyzing the market through value chain analysis. Besides, the identity as a service market report covers different qualitative aspects of the identity as a service industry in market drivers, key industry opportunities, and restraints. Furthermore, the report proposes a comprehensive valuation of the market competitiveness along with company profiling of residents as well as global vendors.
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The identity as a service market has solid competition among the early established and new players. Also, to capture a competitive advantage over the other industry players many industry players are aiming potential markets by forming collaboration and partnerships, agreements, mergers & acquisitions, acquiring new startups & other companies, and escalating their business presence.
Based on the enterprise size, the market is segmented into large enterprises and small & medium-sized enterprises. The small & medium-sized enterprises segment accounted for the highest growth and it is expected to hold its position over the forecast period. On the contrary, the large enterprise’s segment leads the market growth in 2019 and it is projected to hold its position during the forecast years. The market growth in this segment is mainly attributed to the increasing need for efficient identity management solutions.
The Asia-Pacific region is projected to accumulate the highest growth during the forecast period due to the increasing need for cost-efficient identity security solutions. However, the North American region dominated the overall market in 2019 and it is expected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the increasing data breaches and cyber-attacks in this region
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The major players of the global identity as a service market are CA Technologies, OneLogin, Oracle, HCL Technologies, Google, SailPoint Technologies, Microsoft, IDaptive, Salesforce, and Gemalto. Moreover, the other prospective players in the identity as a service market are One Identity, Capgemini, Simeio Solutions, JumpCloud, and Ping Identity. The identity as a service market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic services to stay competitive in the global market.
Segment Overview of Global Identity as a Service Market
Component Overview, 2018-2025 (USD Billion)
Advanced Authentication
Provisioning
Audit, Compliance, and Governance
Password Management
Directory Services
Single Sign-On
Enterprise Size Overview, 2018-2025 (USD Billion)
Large enterprises
Small and Medium-Sized Enterprises
Industry Verticals Overview, 2018-2025 (USD Billion)
BFSI
IT & Telecom
Healthcare
Retail
Education
Government & Defense
Others
Regional Overview, 2018-2025 (USD Billion)
North America
S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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What does the report include?
The study on the global identity as a service market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the identity as a service industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on component, enterprise size, and industry vertical. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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