Global Identity as a Service Market 2024-2028
The Identity as a Service market is forecasted to grow by USD 7683.1 mn during 2023-2028, accelerating at a CAGR of 20.62% during the forecast period. The report on the identity as a service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of cloud security solutions, high internet and technology penetration, and growing importance of digital identities.
Technavio's identity as a service market is segmented as below:
By End-user
- Telecom and IT
- BFSI
- Education
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rising adoption of cloud computing as one of the prime reasons driving the identity as a service market growth during the next few years. Also, incorporation of digital payment systems and constant need to manage large databases will lead to sizable demand in the market.
The report on the identity as a service market covers the following areas:
- Identity as a service market sizing
- Identity as a service market forecast
- Identity as a service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading identity as a service market vendors that include Alphabet Inc., Atos SE, Broadcom Inc., Capgemini Service SAS, Centrify Corp., CyberArk Software Ltd., HCL Technologies Ltd., Ilantus Inc., International Business Machines Corp., Jumio Corp., JumpCloud Inc., Microsoft Corp., Okta Inc., Oracle Corp., Ping Identity Corp., Quest Software Inc., SailPoint Technologies Inc., Salesforce Inc., Simeio Solutions LLC, and Thales Group. Also, the identity as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.