Security Assertion Markup Language (SAML) Authentication Market Forecasts to 2028 – Global Analysis By Product (EFM, Web Analytics), Provider Type (ISP, MSP), End User (BFSI, Oil & Gas) and By Geography
According to Stratistics MRC, the Global Security Assertion Markup Language (SAML) Authentication Market is accounted for $1.71 billion in 2020 and is expected to reach $5.69 billion by 2028 growing at a CAGR of 16.2% during the forecast period. The organizations need to provide enhanced, consistent, and unified identity security to customers and employees and enhance the operational efficiency, effective management of stringent regulatory compliances and organizations need to effectively manage large volumes of identities are the major factors driving the market growth. However, lack of awareness about identity standardization is restraining the market growth.
Security assertion markup language authentication is a single sign-on (SSO) or login standard to log users into applications based on their sessions. Without using credentials security assertion markup language is another way of logging into any application. It is highly flexible and powerful platform. It allows identity providers (IDP) to pass authorization credentials to service providers (SP) as it is an open platform. To establish communicate between identity providers and service providers it uses extensive markup language (XML).
Based on organization size, the small and medium-sized enterprises (SMEs) segment is estimated to have a lucrative growth owing to the increasing incidence of cyber-attacks on these enterprises. In terms of size SME’s are small but serves to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations.
By geography, North America is going to have high growth during forecast period. The increase in the number of connected devices and Internet of Things (IoT) and destructibility associated with them are some of the factors driving the adoption of SAML authentication solutions and services in North America. The widespread consciousness about these solutions and the presence of many SAML authentication vendors would continue to account for the region’s highest market share during the forecast period.
Some of the key players profiled in the Security Assertion Markup Language (SAML) Authentication Market include Ariel Software Solutions, Auth0, AWS, Gemalto, ManageEngine, Microsoft, MiniOrange, Okta, Onelogin, Oracle, Ping Identity, PortalGuard, RCDevs, SASAASPASS and SSO Easy Company.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 5.69 billion
Tables, Graphs & Figures
|Product Type, Provider Type, Channel, Component, Organization Size, Support System, Deployment Mode, End User and Region|
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Product Types Covered:
• Enterprise Feedback Management (EFM)
• Web Analytics
• Text Analytics
• Speech Analytics
Provider Types Covered:
• Internet Service Providers (ISP)
• Telecom Service Providers (TSP)
• Managed Service Providers (MSP)
• Company Website
• Call Center
• Social Media
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large enterprises
Support Systems Covered:
• Operations Support System (OSS)
• Business Support System (BSS)
Deployment Modes Covered:
• Cloud Based
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Government and Defense
• IT and Telecommunications
• Retail & E-commerce
• Energy and Utilities
• Public Sectors
• Business Use
• Oil & Gas
• Transportation & Logistics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
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
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years (2019, 2020, 2021, 2025, and 2028)
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Security Assertion Markup Language (SAML) Authentication Market is majorly driven by organizations need to provide enhanced, consistent, unified identity security to customers & employees and effective management of stringent regulatory compliances.
The small and medium-sized enterprises (SMEs) segment is growing at a highest CAGR owing to the increasing incidence of cyber-attacks on enterprises.
Asia Pacific dominated with a significant market share due to the factors such as increasing demand to protect, websites,endpoints and applications from unauthorized access in the region.
North America market is growing at a highest CAGR owing to the widespread consciousness about these solutions and the presence of many SAML authentication vendors in the region.
Key players in Security Assertion Markup Language (SAML) Authentication Market include Ariel Software Solutions, Auth0, AWS, Gemalto, ManageEngine, Microsoft, MiniOrange, Okta, Onelogin, Oracle, Ping Identity, PortalGuard, RCDevs, SASAASPASS and SSO Easy Company.
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