According to a market research report "Identity as a Service
Market by Component
(Provisioning, Single Sign-On, and Advanced Authentication), Deployment Type,
Organization Size, Vertical (BFSI, Telecom and IT, Healthcare, and Public
Sector), and Region - Global Forecast to 2024", published by
MarketsandMarkets, the IDaaS market size is expected to grow from USD 2.5
billion in 2019 to USD 6.5 billion by 2024, at a Compound Annual Growth Rate (CAGR)
of 21.1% during the forecast period.
The growing demand for cloud-based security solutions and
services, and obligations to follow regulatory mandates and data protection
laws are some of the major drivers of this market.
Browse and in-depth TOC on “Identity
as a Service Market”
55 - Tables
32 - Figures
128 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32235637
By deployment type, the hybrid cloud segment to grow at the highest CAGR during the forecast period
Several benefits offered to enterprises to lead the hybrid cloud
in gaining huge traction. The major factors that are expected to drive the
growth of the hybrid cloud segment include the growing demand for organizations
for agile, scalable, and cost-efficient computing; rising need of standards for
interoperability between cloud services and existing systems; increasing demand
to avoid vendor lock-in; and growing number of digital services and their
applications.
By vertical, the public sector segment to grow at the highest rate during
the forecast period
Cyber attackers always target government agencies to gain access
to confidential government data. Governments in the emerging economies are
deploying web and mobile applications to serve their citizens efficiently. Owing
to this, the public sector and government organizations can handle data and
consumer identities of a critical nature more efficiently. These applications
are becoming the prime targets for the cybercriminals to access sensitive data.
Identity frauds in the government/public sector vertical include
misappropriation of assets, identity thefts, bribery and corruption, accounting
frauds, data thefts, and money laundering. The incidents of identity thefts to
access confidential government data are increased, which is resulting in the
rise in the adoption of IDaaS solutions in government agencies.
North America to lead the IDaaS market during the forecast
period
Based on the region, North America is expected to lead the IDaaS
market during the forecast period. It is the largest market for cybersecurity
due to the rising incidents of data breaches and security threats. Moreover,
the region is home to key IDaaS solution providers, such as Okta, Idaptive,
Ping Identity, and OneLogin. The increasing number of cyberattacks to access
confidential consumer data; the changing needs of the workforce; and adoption
of cloud applications, bring your own device (BYOD), and mobile practices;
along with the need to meet stringent compliance regulations, are driving the
organizations in North America to adopt IDaaS solutions. As the awareness for
IDaaS is increasing, various firms are putting efforts to discuss and develop
ideas for better IDaaS solutions. North America constitutes developed
economies, such as the US and Canada.
Major vendors covered in the Identity as a Service Market
include Okta, Inc. (US), IDaptive, LLC (US), Ping Identity (US), OneLogin (US),
CA Technologies (US), SailPoint Technologies (US), Microsoft Corporation (US),
Oracle Corporation (US), IBM Corporation (US), Google (US), Salesforce (US),
HCL (India), Capgemini (France), Gemalto (Netherlands), Simeio Solutions (US),
Jumio (US), Connectis (Netherlands), Auth0 (US), One Identity (US), and
JumpCloud (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000
high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are
tracking global high growth markets following the "Growth Engagement Model
– GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their innovations/disruptions
early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market
research platform, "Knowledgestore" connects over 200,000 markets and
entire value chains for deeper understanding of the unmet insights along with
market sizing and forecasts of niche markets.
Contact:Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/identity-as-a-service.asp
