Global Idaas Market Overview:
According to SPER Market Research, the Global Idaas Market is estimated to reach USD 51.82 billion by 2032 with a CAGR of 24.92%.
Identity-as-a-Service (IDaaS) refers to Identity and Access Management (IAM) services delivered through the cloud on a subscription basis. IDaaS automates a variety of tasks related to user accounts, thus protecting administrators from security incidents. Standardize and automate key components of identical, authentication and authorization management to save time and money while reducing business risk. IDaaS includes a wide range of services such as identity verification, user access management, multi-factor authentication (MFA), and compliance management. IDaaS offers the combined benefits of enterprise-class Identity and Access Management-as-a-Service and cloud computing Identity-as-a-Service. Used for user identity management and authentication. IDaaS helps prevent cybercriminals and other unauthorized users from accessing sensitive data.
Impact of COVID-19 on the Global Idaas Market:
Large and small businesses have shifted their entire business operations to online digital platforms during the pandemic crisis. Industries such as retail, IT and telecommunications, healthcare, and BFSI are adopting cloud-based solutions and applications to deliver personalized services to customers facing off-limits restrictions. This factor has significantly increased the amount of personal and confidential information on online platforms, increased data security risk.This data security risk is driving demand for Identity-as-a-Service across industries. The demand for privacy compliance by identity frameworks has increased post-pandemic. For example, during the pandemic, the UK's National Health Service is deploying digital IDs to screen health workers. The pandemic has thus opened the door to controlled and monitored solutions that provide access to sensitive data. This factor is expected to boost the growth of the identity-as-a-service market post-pandemic.
Scope of the Report:
- Market size available for years: 2019-2032
- Base year considered: 2021
- Forecast period: 2022-2032
- Segments covered: By Deployment Type, By Service Type, By Enterprise Size, By Access Type, By Application, By End Use Industry
- Regions covered: Asia Pacific, Europe, Middle East and Africa, North America and South America
- Companies Covered: China National BlueStar (Group) Co., Ltd., Dow Corning, Jan HueiIndustryCo., Ltd., KCC Corporation, MesgoSpA, Momentive Performance Materials, Reiss Manufacturing, Inc., Saint-Gobain, Shin Etsu, Simolex rubber Corporation, Soliani EMC s.r.l, Speciality Silicone Products Inc., Wacker Chemie, Western Polyrub India
Global Idaas Market Segmentation:
- By Deployment Type: Based on the Deployment Type, Global Idaas Market is segmented as; Public, Private, Hybrid.
- By Service Type: Based on the Service Type, Global Idaas Market is segmented as; On-Site, In-House.
- By Enterprise Size: Based on the Enterprise Size, Global Idaas Market is segmented as; Small and Medium Enterprises (SMEs), Large Enterprises.
- By Access Type: Based on the Access Type, Global Idaas Market is segmented as; Single Sign-On, Multi-factor Authentication, Compliance Management, Directory Services, Provisioning, Password Management.
- By Application: Based on the Application, Global Idaas Market is segmented as; Document Verification, Authentication/identification, Screening.
- By End Use Industry: Based on the End Use Industry, Global Idaas Market is segmented as; Government, Retail and Consumer Electronics, Transportation and Logistics, Media and Entertainment, IT and Telecommunication, BFSI, Energy and Utility, Healthcare, Automotive.
- By Region: North America is expected to hold a dominant share in the global Identity as a Service (IDaaS) market during the forecast period. Increasing adoption of BYOD and increasing online transactions are driving the market in the region. Demand for IDaaS is high in countries such as the United States and Canada. Europe is expected to account for her second largest market share during the forecast period. Increasing adoption of advanced technologies such as cloud, consumer identity and access management, artificial intelligence (AI), and IoT identity access management is driving the market in this region. Asia-Pacific and South America markets are driven by increasing number of SMEs in these regions.