Pune, Maharashtra -- (SBWire) -- 08/17/2023 --The Global Identity as a Service Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States) CA Technologies (United States) SailPoint Technologies (United States) Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States), Salesforce (United States).
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The Global Identity as a Service Market was valued at USD 4.8 Million in 2023 and is expected to reach USD 16.58 Million by 2029, growing at a CAGR of 22.95% during 2023-2029.
Definition:
The global Identity as a Service market is expected to witness high demand in the forecasted period due to rising demand for cloud-based security services and solutions owing to the concerns pertaining to data security. Identity-as-a-service (IDaaS) is a cloud or SaaS (software-as-a-service)-based application delivery model, which helps enterprises connect and access identity management services from the cloud. It refers to identity and access management services that are offered on a subscription basis. IDaaS enables all users to more securely access sensitive information, both, on-premise and off-premise. According to experts, 81% of employees surveyed are using their own apps to improve their working productivity. An IDaaS solution can prove to be a tremendous time-saver, improve user satisfaction and IT productivity, and addresses many of the shortcomings associated with password sprawl. When considering an IDaaS solution, partner with a vendor that can deliver on all of the top IDaaS considerations discussed in this paper and select an IDaaS solution that can centrally authenticate users with their Active Directory identity without replicating to the cloud, that unifies mobile and app access management, is ready for your enterprise globally and one which gives IT valuable insight into which applications and how devices are used and when â€" restoring lost visibility and control.
Market Trends:
Increased Security Concerns Both in the Public and Private Sector Enhanced the Demand for Cloud-Based Security Solutions and Services
The rising popularity of the Bring Your Own Device (BYOD) trend in most Telecom and IT companies
Market Drivers:
Obligations to Follow Regulatory Mandates and Data Protection Laws
Market Opportunities:
Addition of AI and ML Technologies to Improve Identity Management
Global Identity as a Service Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States) CA Technologies (United States) SailPoint Technologies (United States) Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States), Salesforce (United States).
Additionally, Past Global Identity as a Service Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Identity as a Service market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Identity as a Service Product Types In-Depth: Public Cloud, Private Cloud, Hybrid Cloud
Identity as a Service Major Applications/End users: BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Public Sector, Othe
Identity as a Service Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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