Identity as a Service - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Identity as a Service market is accounted for $2.46 billion in 2019 and is expected to reach $9.95 billion by 2027 growing at a CAGR of 19.1% during the forecast period. Some of the key factors propelling the market growth are augmented security concerns together in the public sector and obligations to follow regulatory mandates and data protection laws. However, budgetary limitations to inhibit the adoption of idaas solutions are the restraining factor for the growth of the market.
Identity-as-a-Service (IDaaS) refers to a large variety of cloud-based services for identity and access management (IAM), It is a technological function that maintain user identity and helps the organizations make sure that users are whom they claim to be and evidently confine the cybercriminals and unauthorized users from accessing critical data as they rely on active and lightweight directory access protocol for IAM services.
By end-user, public sector segment is expected to grow at significant market share during the forecast period as the government agencies and institutions are always under the threat of a data infringe or potential cyber-attack. Cyber attackers always objective government agencies to gain access to confidential government data. Thus, the public sectors in the emerging economies are deploying web and mobile applications to serve their society efficiently. Owing to this, the public sector and government organizations can handle data and consumer identities of a significant nature more economically. Therefore, these applications are becoming the main targets for the cybercriminals to access sensitive data. Identity frauds in the public sector include misappropriation of property, identity thefts, bribery and corruption, accounting frauds, data thefts, and money laundering. There has been a decent growth in the identity thefts to access sensitive data, which is generating the demand for IDaaS solutions in this division.
On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the increasing occurrence of security threats and data breaches. The increasing number of cyber attacks to access private consumer data, rising adoption of cloud applications, increasing BYOD trend, and varying needs of the workforce to meet regulatory norms are driving the association in North America to adopt IDaaS solutions.
Some of the key players in Geochemical Services Market include Auth0 , CA Technologies, Capgemini, Connectis , Gemalto, Google, HCL, IBM , IDaptive, Jumio, JumpCloud, Microsoft, Okta, One Identity, OneLogin , Oracle, Ping Identity , SailPoint Technologies, Salesforce and Simeio Solutions.
Deployment Types Covered:
• Hybrid Cloud
• Public Cloud
• Private Cloud
• Access Control
• Advanced Authentication
• Audit, Compliance, and Governance
• Directory Services
• Password Management
• Single Sign-On
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
• Document Verification
End Users Covered:
• Public Sector
• Aerospace and Defense
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Healthcare and Life Sciences
• Media and Entertainment
• Oil and Gas
• Retail and Consumer Goods
• Telecom and Information Technology
• Transportation & Logistics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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