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:
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