The Identity as Service Market accounted for USD 3.96 Billion in 2020 and is expected to reach USD 17.85 Billion by 2028, growing at a CAGR of 20.9% from 2021 to 2028.
Market Overview
The Identity as Service Market accounted for USD 3.96 Billion in 2020 and is expected to reach USD 17.85 Billion by 2028, growing at a CAGR of 20.9% from 2021 to 2028.
The integration of technologies that offer cloud-based solutions for identity security and access management is referred to as identity as a service (IDaaS). IDaaS also allows for the collection of intelligence data, such as recording incidents and data to indicate where and from whom information was obtained. IDaaS is used in private, hybrid and public networks, as well as in nearly every industry that requires the tracking of data containing classified information, the verification of a user's identity, and the understanding and improvement of user habits.
COVID-19 Impact Analysis
The scale at which the COVID 19 crisis has erupted has surprised the global economy. The pandemic has had an effect on public health, the environment, and people's social well-being all over the world. In such situations, the practise of operating remotely is becoming more prevalent in countries where the government has placed a lockout. Enterprises will improve the identity and access control system by introducing a more robust authentication layer in privacy protection and identification and data fraud prevention to protect sensitive corporate data. Organizations that enable their workers to operate remotely will implement Single Sign-On (SSO) to cloud apps.
Growth Factors
One of the major growth drivers for the Identity as Service Market is the increasing demand for cloud based authentication platforms and solution in response to data security issues. Organizations must provide connectivity to remote personnel while ensuring security enforcement, necessitating the use of identity and access management solutions. Multi-cloud computing systems are increasingly infiltrating the modern organisational environment, especially in telecommunications and IT firms. As more multi-cloud operating systems are adopted, the need for even more efficient identity protection services to secure their public cloud infrastructure and services is becoming apparent.
Another factor for the growth in this market is strict rules and data protection laws. Stringent regulatory mandates and data privacy regulations increase the demand of IDaaS technologies. Global identity theft laws and legislation, such as the GDPR and HIPAA are pushing businesses to take special precautions in securing employee, contractor, and end-user accounts. To ensure robust protection against the rising threats associated with the introduction of cloud technology, end-to-end identity and access control capability will be expected.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Component Segment Analysis Preview
The provisioning component segment dominated the IDaaS sector, accounting for 30% of total sales. Provisioning is the method of creating, deleting, validating, approving, and terminating the identity of each user in an entity, including customers, associates, and staff. It is one of the most important regulation and access rights policy programmes.
The IDaaS service includes all required password management and authentication functionality, such as multifactor authentication, as a basic prerequisite of identity and access management. Multifactor authentication applications are expected to expand as a result of strict policy and enforcement for internet banking, such as (One Time Password) OTP and self-created password tokens. Furthermore, the introduction of features like biometrics, speech recognition, and smart cards is expected to boost multifactor authentication acceptance.
End Use Segment Analysis Preview
In 2019, the public sector led the industry, accounting for more than 28% of overall market share. A data theft or a possible cyber-attack is often a danger to government departments and organisations. Cyber criminals are attacking those agencies in order to obtain access to sensitive government information. Identity fraud to gain access to confidential government data has increased significantly, resulting in a need for IDaaS solutions among government agencies.
Regional Analysis Preview
North America has dominated the market, accounting for more than 38% of global market share in 2019. Because of the increasing number of security threats and data leaks, North America is the largest user of cybersecurity solutions. Organizations in North America are adopting IDaaS technologies as a result of an increase in cyberattacks to gain access to private customer data, increased penetration of cloud apps, rising BYOD trend, and evolving workforce needs to satisfy regulatory norms. Furthermore, the regional market is growing due to a favourable regulatory environment.
The Middle East and Africa region is also projected to gain momentum in the coming years. Organizations in the field are undergoing changes and embracing mobile, cloud, and next-generation technology. To reduce the risk of a data breach, it has become crucial to protect systems, authenticate users, and retain control over business-critical information. Due to the region's expanding IT infrastructure.
Key Market Players & Competitive Landscape
Some of key players in global identity as a service market are CA Technologies, OneLogin, Oracle, HCL Technologies, Google, SailPoint Technologies, Microsoft, IDaptive, Salesforce, and Gemalto among others.
Most businesses' core tactics for strengthening their market share includes acquisitions, partnerships, and R&D investments. For example, Akamai Technologies announced in January 2019 that it had acquired Janrain, a leader in the creation of customer identity access management solutions. Avaya declared an agreement with Post Quantum in May 2018 to add Identity as a Service to its portfolio.
The global identity as a service market is segmented as follows:
By Component
By End Use
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By End Use
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Identity as Service Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 7. Global Identity as Service Market for Provisioning, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Identity as Service Market for Provisioning, By Country, 2020 & 2028
FIG NO. 9. Global Identity as Service Market for Directory services , Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Identity as Service Market for Directory services , By Country, 2020 & 2028
FIG NO. 11. Global Identity as Service Market for Password management, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Identity as Service Market for Password management, By Country, 2020 & 2028
FIG NO. 13. Global Identity as Service Market for Single sign-on, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Identity as Service Market for Single sign-on, By Country, 2020 & 2028
FIG NO. 15. Global Identity as Service Market for Advanced authentication, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Identity as Service Market for Advanced authentication, By Country, 2020 & 2028
FIG NO. 17. Global Identity as Service Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Identity as Service Market for Others, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By End Use, 2020 & 2028
FIG NO. 20. Global Identity as Service Market for BFSI, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Identity as Service Market for BFSI, By Country, 2020 & 2028
FIG NO. 22. Global Identity as Service Market for IT & Telecom, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Identity as Service Market for IT & Telecom, By Country, 2020 & 2028
FIG NO. 24. Global Identity as Service Market for Public, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Identity as Service Market for Public, By Country, 2020 & 2028
FIG NO. 26. Global Identity as Service Market for Manufacturing, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Identity as Service Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 28. Global Identity as Service Market for Healthcare, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Identity as Service Market for Healthcare, By Country, 2020 & 2028
FIG NO. 30. Global Identity as Service Market for Education, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Identity as Service Market for Education, By Country, 2020 & 2028
FIG NO. 32. Global Identity as Service Market Revenue Share, By Region, 2020 & 2028
FIG NO. 33. North America Identity as Service Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 34. Porter’s Five Forces Analysis for Global Identity as Service Market
FIG NO. 35. PEST Analysis for Global Identity as Service Market
FIG NO. 36. Pricing Analysis for Global Identity as Service Market
FIG NO. 37. Value Chain Analysis for Global Identity as Service Market
FIG NO. 38. Company Share Analysis, 2019
FIG NO. 39. Radar Determinant Chart, 2019
FIG NO. 40. Company Strategic Developments – Heat Map Analysis
FIG NO. 41. CA Technologies Business Segment Revenue Share, 2020 (%)
FIG NO. 42. CA Technologies Geographical Segment Revenue Share, 2020 (%)
FIG NO. 43. Market Channels
FIG NO. 44. Marketing Channel Development Trend
FIG NO. 45. Growth in World Gross Product, 2008-2018
FIG NO. 46. Research Methodology – Detailed View
FIG NO. 47. Research Methodology
List of Tables
TABLE NO. 1. Global Identity as Service Market: Snapshot
TABLE NO. 2. Quarterly Identity as Service Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Identity as Service Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Identity as Service Market for Provisioning, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Identity as Service Market for Directory services , by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Identity as Service Market for Password management, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Identity as Service Market for Single sign-on, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Identity as Service Market for Advanced authentication, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Identity as Service Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Identity as Service Market for BFSI, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Identity as Service Market for IT & Telecom, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Identity as Service Market for Public, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Identity as Service Market for Manufacturing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Identity as Service Market for Healthcare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Identity as Service Market for Education, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Identity as Service Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Identity as Service Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Identity as Service Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Identity as Service Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 22. U.S. Identity as Service Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 23. U.S. Identity as Service Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 24. Canada Identity as Service Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 25. Canada Identity as Service Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 26. Mexico Identity as Service Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 27. Mexico Identity as Service Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 28. Drivers for the Identity as Service Market: Impact Analysis
TABLE NO. 29. Restraints for the Identity as Service Market: Impact Analysis
TABLE NO. 30. Major Buyers of Identity as Service
TABLE NO. 31. Distributors/Traders List of Identity as Service
TABLE NO. 32. Global Identity as Service Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 33. Global Identity as Service Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
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