Identity as a Service Market Business Size with Forthcoming Developments 2029

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Identity as a Service Market is expected to grow at a CAGR of 19.10% during the forecast period. Global Identity as a Service Market is expected to reach US $ 14.11 Bn by 2029.

Identity as a Service Market Overview:

The market’s position over the anticipated period is analyzed and evaluated in the Identity as a Service Market research report.This in-depth study concentrates on market share, leading segments, geographical analysis, and primary and secondary drivers. Key players, significant partnerships, mergers, and acquisitions, as well as popular innovations and business tactics, are also examined in the study.

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Identity as a Service Market Report Scope & Research Methodology:

The cloud service provider can offer identity and access management in a public cloud by using the identity and access management-as-a-service framework. Because IDaaS offers cloud features like portability and pay-per-use service, it is suitable for a variety of industries and organizations. Due to the sharp increase in the number of digital workers, organizations and industry participants are becoming more aware of the importance of digital identity management. 

Identity as a Service Market Dynamics:

The banking and financial industry is seeing a rise in the use of digital payments, which has increased the need for employee and customer security as well as the need to protect client data using identity and access management systems. Growing virtualization has led to more banking operations being conducted online, but it has also made banks more susceptible to cyberattacks. As a result, over the course of the forecast period, the demand for IDaaS is anticipated to have a high potential growth in this segment.

Identity as a Service Market Segmentation:

by Deployment

Public
Private
Hybrid

by Services

On-Site
In-House

by Access Type

Single Sign-On
Multi-factor Authentication
Compliance Management
Directory Services
Others

by Application

Document Verification
Authentication/identification
Screening

by Industry

Government
Retail & Consumer Electronics
Transportation & Logistics
Media & Entertainment
IT & Telecommunication
BFSI
Energy & Utility
Automotive

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Identity as a Service Market Key Players:

1. CA Technologies
2. Centrify Corporation
3. ILANTUS Technologies
4. iWelcome
5. JumpCloud
6. Okta, Inc.
7. OneLogin Inc.
8. Salesforce.com
9. Exostar
10. JumpCloud
11. Oracle Corporation
12. Microsoft
13. IBM Corporation
14. Ping Identity Corporation
15. Centrify Corporation
16. Exostar
17. Google LLC
18. Fischer International Identity
19. SailPoint Technologies
20. IDaptive, LLC

Regional Insights:

A comprehensive overview of the global Identity as a Service market is provided, incorporating both qualitative and quantitative data. The report offers market size and forecast projections for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America from 2023 to 2029. The corresponding segments provide a deeper analysis of each region, emphasizing trends and opportunities.

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COVID-19 Impact Analysis:

The report delves into the post-COVID-19 development strategy, analyzing corporate strategies, landscape, types, applications, and leading countries. It provides statistical information on market dynamics, growth factors, challenges, opportunities, and forecasts, aiming to offer businesses a strategic analysis of the pandemic’s impact.

Identity as a Service Market Key Questions Answered:

  • What are some of the most promising high-growth opportunities in the global Identity as a Service market by product type and End User and Region?
  • Which Identity as a Service market segments will expand the fastest, and why?
  • Which regions will develop quicker, and why?
  • What are the primary elements influencing Identity as a Service market dynamics? What are the market drivers and challenges for the Identity as a Service market?
  • What are the Identity as a Service market’s business risks and threats?

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