Identity as a Service Market By Component (Provisioning, Single-Sign-On (SSO), Multi-Factor Authentication (MFA), Audit, Compliance and Governance, Directory Services, Password Management), By Deployment Type (Public cloud, Private cloud, Hybrid cloud), B

Identity as a Service Market By Component (Provisioning, Single-Sign-On (SSO), Multi-Factor Authentication (MFA), Audit, Compliance and Governance, Directory Services, Password Management), By Deployment Type (Public cloud, Private cloud, Hybrid cloud), By Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Public Sector, Energy and Utilities, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032

Identity as a service (IDaaS) protects organizations from cyber threats by a cloud-based access management and identity subscription model. Its adoption is anticipated to be accelerated by the widespread usage of cloud services and global digitization. IDaaS market revenue is expected to increase, due to the increasing number of start-ups and digitization.

Furthermore, the demand for efficient data protection software is driven by the increase in data breaches, hacks, and fraud across numerous enterprises. These elements are projected to boost industry expansion in the upcoming years. It is critical to adopt strong data management due to the increase in phishing activities, social engineering, cyberattacks, and other cyber malpractices. In addition, it identifies the management tools that fuel the demand for IDaaS. In addition, the development of real and augmented artificial intelligence (AI) are all key driving factors for the market's growth. Additionally, improved automation, personalization, easy information retrieval, data usability, and knowledge discovery are some of the additional drivers to fuel the market growth.

Growing emphasis on remote work environments across regions is one of the major driving factors for the identity as a service market. With a substantial portion of the global workforce operating in non-traditional office environments, organizations are faced with heightened cybersecurity risks. The presence of remote employees who gain access to corporate networks and sensitive information from different locations and devices leads to vulnerabilities that malicious individuals exploit. Thus, there is a growing demand for real-time identification, monitoring, and response capabilities provided by identity as a service solutions. These solutions enable organizations to safeguard remote access points, detect and mitigate threats aimed at remote workers, and ensure secure connectivity, making them essential in the current landscape of remote work.

The global identity as a service market is segmented on the basis of component, enterprise size, deployment type, industry vertical, and region. On the basis of component, it is segregated into provisioning, single-sign-on, advanced authentication, audit, compliance and governance, directory services, and password management. On the basis of enterprise size, it is segregated into large enterprises and SMEs. On the basis of deployment type, it is segregated into public cloud, private cloud, and hybrid cloud.

On the basis of industry vertical, it is segregated into BFSI, IT and telecom, energy and utilities, government, manufacturing, healthcare, retail and consumer goods, and others. On the basis of region, it is divided into North America, Europe, Asia-Pacific, and LAMEA.

The report highlights numerous factors that influence the growth of the global identity as a service market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key market players to increase their market share and sustain intense competition in the industry. The identity as a service market is dominated by market players such as CyberArk, Google LLC, IBM Corporation, Microsoft Corporation, Okta, OneLogin, Inc., Oracle Corporation, JumpCloud, Inc., SailPoint Technologies, and Thales. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the identity as a service market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on identity as a service market trends is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the identity as a service market from 2022 to 2032 is provided to determine the market potential.

Key Market Segments

By Component

Provisioning
Single-Sign-On (SSO)
Multi-Factor Authentication (MFA)
Audit, Compliance and Governance
Directory Services
Password Management

By Deployment Type

Public cloud
Private cloud
Hybrid cloud

By Enterprise Size

Large Enterprise
Small and Medium-sized Enterprise

By Industry Vertical

BFSI
IT and Telecom
Manufacturing
Government and Public Sector
Energy and Utilities
Healthcare
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
SailPoint Technologies, Inc.
Microsoft Corporation
OneLogin, Inc.
Oracle Corporation
Okta
JumpCloud Inc.
IBM Corporation
CyberArk Software Ltd.
Google LLC
Thales Group

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