PUBLISHER: Allied Market Research | PRODUCT CODE: 1239521
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239521
The Identity as a Service Market valued for $5,746.02 million in 2021 and is estimated to surpass $52,998.87 million by 2031, exhibiting a CAGR of 25.2% from 2022-2031. Identity as a service (IDaaS) is the term used to describe identity and access management (IAM) services that are offered via the cloud and are paid for via subscription. IDaaS offers administrators protection from security problems due to its ability to automate a variety of user account-related operations. It reduces company risk and saves time and money by standardizing and automating crucial identity, authentication, and permission management components.
Numerous services, including ID verification, user access control, multi-factor authentication and compliance management, are included in IDaaS that combines the advantages of cloud computing identity as a service with enterprise-class identity and access management-as-a-service. User IDs are managed and authenticated using IDaaS. It also aids in preventing unauthorized users and cybercriminals from accessing private information.
The global identity as a service market is segmented on the basis of component, enterprise size, deployment, 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 enterprise and SMEs. On the basis of deployment, 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 identity as a service market is dominated by market players such as CyberArk , Google LLC , IBM, Microsoft*Corporation , Okta , OneLogin, Inc. , Oracle*Corporation , Ping Identity, SailPoint*Technologies and Thales. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
The report profiles 10 key companies. Moreover, the company profiles include various data-points such as company overview, company executives, recent financials of the company, major growth strategies espoused by company, new initiatives and advancements by company to sustain and mend their position in the Identity as a Service Market, and others