What is Global IDaaS (Identity-as-a-Service) Market?
The Global IDaaS (Identity-as-a-Service) Market is a rapidly evolving sector that offers a comprehensive suite of identity and access management solutions delivered through the cloud. This service model is designed to assist businesses in managing digital identities, both for their employees and customers, in a secure and efficient manner. The IDaaS market encompasses a wide range of services, including single sign-on (SSO), multi-factor authentication (MFA), access management, directory services, and identity governance. These services are typically offered on a subscription basis, making them a cost-effective solution for businesses of all sizes. The global IDaaS market is driven by the increasing need for businesses to secure their digital assets and protect against cyber threats. As more businesses transition to digital operations, the demand for IDaaS solutions is expected to grow significantly.
Cloud Based, On Promise in the Global IDaaS (Identity-as-a-Service) Market:
The Global IDaaS market can be segmented into two main categories: cloud-based and on-premise solutions. Cloud-based IDaaS solutions are hosted on the service provider's infrastructure and delivered over the internet. This model offers several advantages, including scalability, flexibility, and reduced IT costs. On the other hand, on-premise IDaaS solutions are installed and run on the company's own servers. This model offers greater control over the system and data, but it requires a significant upfront investment and ongoing maintenance. The choice between cloud-based and on-premise IDaaS solutions depends on the specific needs and resources of the business.
BFSI, IT & Telecom, Public, Manufacturing, Healthcare, Education, Others in the Global IDaaS (Identity-as-a-Service) Market:
The Global IDaaS market finds application in various sectors including BFSI, IT & Telecom, Public, Manufacturing, Healthcare, Education, among others. In the BFSI sector, IDaaS solutions are used to secure online banking transactions and protect customer data. In the IT & Telecom sector, these solutions are used to manage access to network resources and protect against cyber threats. In the public sector, IDaaS solutions are used to secure government systems and protect sensitive data. In the manufacturing sector, these solutions are used to manage access to production systems and protect intellectual property. In the healthcare sector, IDaaS solutions are used to secure patient data and comply with privacy regulations. In the education sector, these solutions are used to manage access to learning resources and protect student data.
Global IDaaS (Identity-as-a-Service) Market Outlook:
The global IDaaS (Identity-as-a-Service) market, valued at US$ 5103.6 million in 2022, is projected to reach a value of US$ 6281.3 million by 2029. This represents a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. The public cloud segment holds the majority share in the product category, accounting for over 53% of the market. In terms of application, the BFSI sector dominates the market with a share of over 24%. This data indicates a steady growth in the IDaaS market, driven by the increasing adoption of cloud-based solutions and the growing need for secure identity and access management in various sectors.
| Report Metric | Details |
| Report Name | IDaaS (Identity-as-a-Service) Market |
| Accounted market size in 2023 | US$ 5103.6 million |
| Forecasted market size in 2029 | US$ 6281.3 million |
| CAGR | 3.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | CA Technologies, OneLogin, Oracle, HCL Technologies, Google, SailPoint Technologies, Microsoft, IDaptive, Salesforce, Gemalto |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
