What is Global Identity as a Service (IDaaS) Market?
The Global Identity as a Service (IDaaS) Market is a rapidly growing sector that offers identity and access management solutions on a subscription basis. IDaaS providers offer cloud-based authentication or identity verification, including password resets, multi-factor authentication, single sign-on, and directory services. These services are crucial in today's digital world, where security breaches and identity theft are common. The IDaaS market is driven by the increasing adoption of cloud-based solutions, the need for identity verification in real-time, and the growing trend of Bring Your Own Device (BYOD) in organizations. The IDaaS market is not just about providing security; it's about enhancing user experience, improving productivity, and reducing operational costs.

Public Cloud, Private Cloud, Hybird Cloud in the Global Identity as a Service (IDaaS) Market:
The Global Identity as a Service (IDaaS) Market is segmented based on deployment models into Public Cloud, Private Cloud, and Hybrid Cloud. The Public Cloud model is the most popular due to its cost-effectiveness and scalability. It allows businesses to pay for what they use, making it an attractive option for small and medium-sized enterprises. The Private Cloud model offers more control and security, making it suitable for large organizations with sensitive data. The Hybrid Cloud model combines the best of both worlds, offering the flexibility of the Public Cloud and the security of the Private Cloud. Each deployment model has its advantages and is chosen based on the specific needs of the business.
BFSI, IT and Telecom, Public Service, Manufacturing, Healthcare, Education, Others in the Global Identity as a Service (IDaaS) Market:
The Global Identity as a Service (IDaaS) Market finds its application in various sectors such as BFSI, IT and Telecom, Public Service, Manufacturing, Healthcare, Education, among others. In the BFSI sector, IDaaS is used for secure transactions and customer identity verification. In the IT and Telecom sector, it's used for secure access to networks and systems. Public Service organizations use IDaaS for secure access to government services. In Manufacturing, it's used for secure access to production systems. In Healthcare, it's used for patient identity verification and secure access to medical records. In Education, it's used for secure access to learning resources.
Global Identity as a Service (IDaaS) Market Outlook:
Looking at the market outlook, the Global Identity as a Service (IDaaS) Market was valued at a significant US$ 4905 million in 2023. It is projected to reach an impressive US$ 17450 million by 2030, growing at a CAGR of 19.2% during the forecast period from 2024 to 2030. The market is dominated by the top five manufacturers who hold over 54% of the market share. The largest segment in terms of product is the public cloud, holding over 53% of the market. The largest application of IDaaS is in the BFSI sector, which holds over 23% of the market.
Report Metric | Details |
Report Name | Identity as a Service (IDaaS) Market |
Accounted market size in 2023 | US$ 4905 million |
Forecasted market size in 2030 | US$ 17450 million |
CAGR | 19.2% |
Base Year | 2023 |
Forecasted years | 2024 - 2030 |
Segment by Type |
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Segment by Application |
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By Region |
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By Company | Okta, Microsoft, Ping Identity, ForgeRock, OneLogin, IBM, Oracle, CyberArk, SailPoint Technologies, JumpCloud, SecureAuth, OpenText, LoginRadius, Thales, Ubisecure, Micro Focus, Evidian (Atos), Simeio Solutions, Optimal IdM, HCL Technologies, Authing, Bamboocloud Co.,Ltd., Shanghai Paraview Software, Beijing JiuZhouYunTeng Technology (Alibaba Cloud), YUFU Identity (Tencent) |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |