IDaaS Market by Component (Provisioning, Single Sign-on, Advance Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), Deployment type, Verticals and Region

The global IDaaS market size is projected to grow from USD 7.0 billion in 2023 to USD 21.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. The IDaaS market is propelled by key factors shaping its growth trajectory. These include government regulations, the need for compliance, and the rise in identity and authentication fraud. Furthermore, ownership and privacy challenges may hinder market growth.

By vertical, BFSI holds the largest market size.

The BFSI vertical focuses on understanding digital consumer behavior, preferences, and choices through customer-centric business applications. Financial institutions have to protect sensitive customer data and digital identities from unauthorized access. The number of digital transformations is increasing, resulting in increased fraud and identity theft incidents. The IDaaS solutions offer comprehensive insights about customers of BFSI organizations, which help deliver a unified experience. These solutions also help the BFSI vertical deliver robust security, secure identities, and manage regulatory compliances. Due to these benefits, IDaaS solutions are gaining more popularity in the BFSI vertical. These solutions are contributing to improving the customer’s trust in digital identities.

By deployment mode, the Provisioning segment holds the largest market size.

With Single Sign-on (SSO), users only need to log in once to access various computer platforms or apps available on an organization's premises or in the cloud. SSO helps to remove the need for users to memorize several sets of credentials for each system and application. Once users enter their login information into the network, they are automatically logged in and authorized each time a system or application is opened. Users save a great deal of time through the procedure, which authenticates them for every application to which they are eligible.

SSO's capabilities have been increased with the integration of cutting-edge technology. With the help of technologies like Al, SSO systems can continuously monitor user behavior, ensuring that only authorized users can access secured resources. In the case of questionable activity, the system can automatically remove access and request that the user should re-authenticate.

By region, North America holds the largest market size.

North America is a technologically advanced region with strong economies like the US and Canada. The region houses several large enterprises and rapidly growing SMEs, where carrying out IDaaS solutions is critical to ensure the safety of the organizational network, IT assets, and information. Banking and financial institutions in the region, such as Morgan Stanley, Carbanak, Experian, and Scottrade, lost the data of 50 million users combined. While medical facilities have witnessed the highest rate of cyberattacks in the last five years, other regional enterprises have started implementing various technologies, such as AI and ML, for automating IDaaS solutions. The rise in cyberattacks aimed at gaining access to private consumer data, changing workforce needs, and the adoption of bring your device (BYOD) and mobile practices, pushing North American businesses to adopt IDaaS solutions

Breakdown of primaries

The break-up of the primaries is as follows:

By Company Type: Tier 1 - 25%, Tier 2 - 40%, and Tier 3 - 35%
By Designation: Director- 35%, C-level Executes- 30%, Other levels- 35%
By Region: North America - 15%, Europe - 25%, Asia Pacific - 30%, Middle East & Africa - 10%, Latin America - 20%

Major vendors in the global IDaaS market include Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US). The study includes an in-depth competitive analysis of the key players in the IDaaS market, their company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the IDaaS market and forecasts its size by Component (Provisioning, Single Sign-on, Advanced Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), by Deployment type (Public Cloud, Private Cloud, Hybrid Cloud), by Vertical (BFSI, IT and ITeS, Energy and Utilities, Government, Manufacturing, Healthcare, Telecommunication, Other Verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue numbers for the overall IDaaS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Government initiatives and regulations supporting digital identity transformation, Government regulations and the need for compliance drive the adoption of IDaaS, Rise in identity and authentication frauds), restraints (Reluctance of organizations to adopt cloud-based security, Lack of information security of consumer data), opportunities (Rising trend of cost shift and complexity reduction, Integration of AI, ML, and blockchain technologies to enhance digital identities, Adopting advanced authentication techniques across verticals) and challenges (Outsourcing of critical applications, Ownership and privacy challenge)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IDaaS market.
Market Development: Comprehensive information about lucrative markets - the report analyses the IDaaS market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IDaaS market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US) and among others in the IDaaS market strategies.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2018-2022
1.6 Stakeholders
1.7 Recession Impact
1.8 Summary of Changes

2 Research Methodology

2.1 Research Data
Figure 1 Identity as a Service Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Profiles
Figure 2 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.1.2.2 Key Insights from Industry Experts
2.2 Data Triangulation and Market Breakup
Figure 3 Data Triangulation
2.3 Market Size Estimation
Figure 4 Identity as a Service Market Estimation: Research Flow
2.3.1 Revenue Estimates
2.3.2 Supply-Side Analysis
Figure 5 Market Size Estimation Methodology - Approach 1, Supply-Side Analysis: Revenue from Services of Identity as a Service Vendors
Figure 6 Market Size Estimation Methodology - Approach 2, Supply-Side Analysis
Figure 7 Market Size Estimation Methodology - Approach 3, Bottom-Up (Supply Side): Collective Revenue from Services of Identity as a Service Vendors
2.3.3 Demand-Side Analysis
Figure 8 Market Size Estimation Methodology - Approach 1, Top-Down (Demand Side)
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Recession Impact
2.6 Research Assumptions
2.7 Limitations & Risk Assessment

3 Executive Summary

Table 3 Identity as a Service Market Size and Growth Rate, 2017-2022 (USD Million, Y-O-Y %)
Table 4 Market Size and Growth Rate, 2023-2028 (USD Million, Y-O-Y %)
Figure 9 Market: Segments with High Growth Rate
Figure 10 North America to Account for Largest Share in 2023

4 Premium Insights

4.1 Opportunities for Players in Identity as a Service Market
Figure 11 Growing Instances of Data Breaches and Stringent Regulations to Drive Market
4.2 Market, by Component
Figure 12 Provisioning Segment to Account for Largest Market by 2028
4.3 Market, by Deployment Type
Figure 13 Public Cloud Segment to Account for Largest Market During Forecast Period
4.4 Market, by Key Vertical and Region
Figure 14 Bfsi Segment and North America to Account for Significant Share in 2023
4.5 Market Investment Scenario
Figure 15 Asia-Pacific to Emerge as Lucrative Market for Investments in the Next 5 Years

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
Figure 16 Identity as a Service Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Government Initiatives and Regulations to Support Digital Identity Transformation
5.2.1.2 Need for Effective Compliance Management
5.2.1.3 Rise in Identity and Authentication Threats
5.2.2 Restraints
5.2.2.1 Reluctance of Organizations in Adopting Cloud-based Security
5.2.2.2 Lack of Data Security
5.2.3 Opportunities
5.2.3.1 Rising Focus of Organizations on Enhancing User Experience
5.2.3.2 Integration of AI, ML, and Blockchain Technologies to Enhance Digital Identities
5.2.3.3 Adoption of Advance Authentication Techniques Across Verticals
5.2.4 Challenges
5.2.4.1 Compliance and Control Challenges
5.2.4.2 Ownership and Privacy Issues
5.3 Case Study Analysis
5.3.1 Ehealth Deployed Ping Identity's Offerings to Enhance Online Customer Experience
5.3.2 Blaize Adopted Matchpoint's Solutions to Enable External User Access and Centralized Identity Management
5.3.3 Thales Group Helped Major Telecom Operator with Digital Identity Setup
5.4 Value Chain Analysis
Figure 17 Value Chain Analysis
5.5 Ecosystem
Table 5 Role of Players in the Market Ecosystem
Figure 18 Ecosystem Map
5.6 Porter's Five Forces Analysis
Table 6 Impact of Porter's Five Forces on Identity as a Service Market
Figure 19 Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Pricing Analysis
5.7.1 Average Selling Price Trends of Key Players, by Component
Figure 20 Average Selling Price Trends of Key Players, by Component
Table 7 Average Selling Price Trends of Key Players, by Component
5.7.2 Indicative Pricing Analysis, by Component
Table 8 IBM: Indicative Pricing Analysis
Table 9 Okta: Indicative Pricing Analysis
5.8 Technology Analysis
5.8.1 Zero Trust
5.8.2 Blockchain
5.9 Patent Analysis
Figure 21 List of Major Patents Granted, 2013-2023
Figure 22 Regional Analysis of Patents Granted
Table 10 List of Patents Granted, 2021-2023
5.10 Trends and Disruptions Impacting Customers’ Businesses
Figure 23 Trends and Disruptions Impacting Customers’ Businesses
5.11 Regulatory Landscape
5.11.1 General Data Protection Regulation
5.11.2 Sarbanes-Oxley Act (Sox)
5.11.3 Soc2
5.11.4 Electronic Identification, Authentication, and Trust Services
5.11.5 Know Your Customer
5.11.6 Anti-Money Laundering
5.11.7 Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Middle East & Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Latin America: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12 Key Stakeholders & Buying Criteria
5.12.1 Key Stakeholders in the Buying Process
Figure 24 Influence of Stakeholders on the Buying Process for Top Three Verticals
Table 16 Influence of Stakeholders on the Buying Process for Top Three Verticals
5.12.2 Buying Criteria
Figure 25 Key Buying Criteria for Top Three Verticals
Table 17 Key Buying Criteria for Top Three Verticals
5.13 Key Conferences & Events
Table 18 List of Key Conferences & Events, 2023-2024
5.14 Technology Roadmap
Table 19 Technology Roadmap
5.15 Identity as a Service Market: Business Model Analysis
Table 20 Market: Business Models
5.16 Evolution of Market

6 Identity as a Service Market, by Component

6.1 Introduction
Figure 26 Single Sign-On Segment to Grow at Highest CAGR During Forecast Period
Table 21 Market, by Component, 2017-2022 (USD Million)
Table 22 Market, by Component, 2023-2028 (USD Million)
6.2 Provisioning
6.2.1 Identity Provisioning Controls Users’ Accounts and Ensures They Have Adequate Access to Available Resource Initiatives
6.2.2 Provisioning: Market Drivers
Table 23 Provisioning: Market, by Region, 2017-2022 (USD Million)
Table 24 Provisioning: Market, by Region, 2023-2028 (USD Million)
6.3 Single Sign-On
6.3.1 Ease of Passwordless Authentication to Boost Market for Single Sign-On Implementation
6.3.2 Single Sign-On: Market Drivers
Table 25 Single Sign-On: Market, by Region, 2017-2022 (USD Million)
Table 26 Single Sign-On: Identity as a Service Market, by Region, 2023-2028 (USD Million)
6.4 Advance Authentication
6.4.1 Multiple Validation Checks and Growing Need for Risk-based Validation to Boost Growth
6.4.2 Advance Authentication: Market Drivers
Table 27 Advance Authentication: Market, by Region, 2017-2022 (USD Million)
Table 28 Advance Authentication: Market, by Region, 2023-2028 (USD Million)
6.5 Audit, Compliance, and Governance
6.5.1 Strict Regulatory Compliance Mandating Companies to Document and Audit Internal Controls to Drive Market
6.5.2 Audit, Compliance, and Governance: Market Drivers
Table 29 Audit, Compliance, and Governance: Market, by Region, 2017-2022 (USD Million)
Table 30 Audit, Compliance, and Governance: Market, by Region, 2023-2028 (USD Million)
6.6 Directory Services
6.6.1 Directory Services Offer a Centralized Repository for Managing User Identities, Enhancing Security and Operational Efficiency
6.6.2 Directory Services: Market Drivers
Table 31 Directory Services: Market, by Region, 2017-2022 (USD Million)
Table 32 Directory Services: Market, by Region, 2023-2028 (USD Million)
6.7 Password Management
6.7.1 Password Management to Help Organizations Achieve and Demonstrate Strict Compliance
6.7.2 Password Management: Market Drivers
Table 33 Password Management: Market, by Region, 2017-2022 (USD Million)
Table 34 Password Management: Market, by Region, 2023-2028 (USD Million)

7 Identity as a Service Market, by Deployment Type

7.1 Introduction
Figure 27 Private Cloud Segment to Grow at Highest Rate During Forecast Period
Table 35 Market, by Deployment Mode, 2017-2022 (USD Million)
Table 36 Market, by Deployment Mode, 2023-2028 (USD Million)
7.2 Public Cloud
7.2.1 Low Costs and High Scalability Associated with Public Cloud to Drive Its Adoption
7.2.2 Public Cloud: Market Drivers
Table 37 Public Cloud: Market, by Region, 2017-2022 (USD Million)
Table 38 Public Cloud: Market, by Region, 2023-2028 (USD Million)
7.3 Private Cloud
7.3.1 Growing Demand for Customized Cloud Environments for Meeting Business Needs to Spur Market
7.3.2 Private Cloud: Market Drivers
Table 39 Private Cloud: Market, by Region, 2017-2022 (USD Million)
Table 40 Private Cloud: Market, by Region, 2023-2028 (USD Million)
7.4 Hybrid Cloud
7.4.1 Need for Enhanced Security and Better Application Performance to Boost Popularity of Hybrid Model
7.4.2 Hybrid Cloud: Market Drivers
Table 41 Hybrid Cloud: Market, by Region, 2017-2022 (USD Million)
Table 42 Hybrid Cloud: Market, by Region, 2023-2028 (USD Million)

8 Identity as a Service Market, by Vertical

8.1 Introduction
Figure 28 Bfsi Segment to Account for Largest Market During Forecast Period
Table 43 Market, by Vertical, 2017-2022 (USD Million)
Table 44 Market, by Vertical, 2023-2028 (USD Million)
8.2 Banking, Financial Services, and Insurance
8.2.1 Rapid Digitization and Use of Cutting-Edge Technologies to Drive Need for IDaaS Solutions
8.2.2 Banking, Financial Services, and Insurance: Market Drivers
Table 45 Banking, Financial Services, and Insurance: Market, by Region, 2017-2022 (USD Million)
Table 46 Banking, Financial Services, and Insurance: Market, by Region, 2023-2028 (USD Million)
8.3 Information Technology (IT) & Information Technology-Enabled Services (Ites)
8.3.1 Rapid Deployment of New Technological Solutions to Drive Need for IDaaS Services
8.3.2 IT & Ites: Market Drivers
Table 47 IT & ITES: Market, by Region, 2017-2022 (USD Million)
Table 48 IT & Ites: Market, by Region, 2023-2028 (USD Million)
8.4 Energy & Utilities
8.4.1 Growing Technological Advancements to Reduce Infrastructure Costs to Encourage Use of IDaaS Solutions
8.4.2 Energy & Utilities: Market Drivers
Table 49 Energy & Utilities: Market, by Region, 2017-2022 (USD Million)
Table 50 Energy & Utilities: Identity as a Service Market, by Region, 2023-2028 (USD Million)
8.5 Government
8.5.1 Need for Processing Large Unstructured Data and Storage to Accelerate Adoption of IDaaS Technology
8.5.2 Government: Market Drivers
Table 51 Government: Market, by Region, 2017-2022 (USD Million)
Table 52 Government: Market, by Region, 2023-2028 (USD Million)
8.6 Manufacturing
8.6.1 Migration of Applications to Cloud Environment to Compel Manufacturers to Adopt Smart Manufacturing Technologies
8.6.2 Manufacturing: Market Drivers
Table 53 Manufacturing: Market, by Region, 2017-2022 (USD Million)
Table 54 Manufacturing: Identity as a Service Market, by Region, 2023-2028 (USD Million)
8.7 Healthcare
8.7.1 Stringent Regulations Such as Hipaa and Pci Dss Drive Need for IDaaS Solutions in the Healthcare Sector
8.7.2 Healthcare: Market Drivers
Table 55 Healthcare: Market, by Region, 2017-2022 (USD Million)
Table 56 Healthcare: Market, by Region, 2023-2028 (USD Million)
8.8 Telecommunication
8.8.1 Increasing Instances of Identity Fraud and Phishing Calls to Boost the Need for IDaaS Solutions in the Telecom Sector
8.8.2 Telecommunication: Market Drivers
Table 57 Telecommunication: Market, by Region, 2017-2022 (USD Million)
Table 58 Telecommunication: Market, by Region, 2023-2028 (USD Million)
8.9 Other Verticals
Table 59 Other Verticals: Market, by Region, 2017-2022 (USD Million)
Table 60 Other Verticals: Market, by Region, 2023-2028 (USD Million)

9 Identity as a Service Market, by Region

9.1 Introduction
Figure 29 Asia-Pacific to Grow at Highest CAGR During Forecast Period
Table 61 Market, by Region, 2017-2022 (USD Million)
Table 62 Market, by Region, 2023-2028 (USD Million)
9.2 North America
9.2.1 North America: Market Drivers
9.2.2 North America: Recession Impact
9.2.3 North America: Regulatory Landscape
Figure 30 North America: Market Snapshot
Table 63 North America: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 64 North America: Market, by Component, 2023-2028 (USD Million)
Table 65 North America: Market, by Deployment Type, 2017-2022 (USD Million)
Table 66 North America: Market, by Deployment Type, 2023-2028 (USD Million)
Table 67 North America: Market, by Vertical, 2017-2022 (USD Million)
Table 68 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 69 North America: Market, by Country, 2017-2022 (USD Million)
Table 70 North America: Market, by Country, 2023-2028 (USD Million)
9.2.4 US
9.2.4.1 High Level of Technology Awareness and Presence of Identity Solution and Service Vendors to Drive Growth
Table 71 US: Market, by Component, 2017-2022 (USD Million)
Table 72 US: Market, by Component, 2023-2028 (USD Million)
Table 73 US: Market, by Deployment Type, 2017-2022 (USD Million)
Table 74 US: Market, by Deployment Type, 2023-2028 (USD Million)
Table 75 US: Market, by Vertical, 2017-2022 (USD Million)
Table 76 US: Market, by Vertical, 2023-2028 (USD Million)
9.2.5 Canada
9.2.5.1 Digital Identity Initiatives by Government to Spur Market
Table 77 Canada: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 78 Canada: Market, by Component, 2023-2028 (USD Million)
Table 79 Canada: Market, by Deployment Type, 2017-2022 (USD Million)
Table 80 Canada: Market, by Deployment Type, 2023-2028 (USD Million)
Table 81 Canada: Market, by Vertical, 2017-2022 (USD Million)
Table 82 Canada: Market, by Vertical, 2023-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Market Drivers
9.3.2 Europe: Recession Impact
9.3.3 Europe: Regulatory Landscape
Table 83 Europe: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 84 Europe: Market, by Component, 2023-2028 (USD Million)
Table 85 Europe: Market, by Deployment Type, 2017-2022 (USD Million)
Table 86 Europe: Market, by Deployment Type, 2023-2028 (USD Million)
Table 87 Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 88 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 89 Europe: Market, by Country, 2017-2022 (USD Million)
Table 90 Europe: Market, by Country, 2023-2028 (USD Million)
9.3.4 UK
9.3.4.1 Rising Instances of Identity Theft and Fraud to Boost Market Expansion
Table 91 UK: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 92 UK: Market, by Component, 2023-2028 (USD Million)
Table 93 UK: Market, by Deployment Type, 2017-2022 (USD Million)
Table 94 UK: Market, by Deployment Type, 2023-2028 (USD Million)
Table 95 UK: Market, by Vertical, 2017-2022 (USD Million)
Table 96 UK: Market, by Vertical, 2023-2028 (USD Million)
9.3.5 Germany
9.3.5.1 Rising Focus of Government to Protect Country Against Threats to Encourage Adoption of IDaaS Solutions
Table 97 Germany: Market, by Component, 2017-2022 (USD Million)
Table 98 Germany: Market, by Component, 2023-2028 (USD Million)
Table 99 Germany: Market, by Deployment Type, 2017-2022 (USD Million)
Table 100 Germany: Market, by Deployment Type, 2023-2028 (USD Million)
Table 101 Germany: Market, by Vertical, 2017-2022 (USD Million)
Table 102 Germany: Market, by Vertical, 2023-2028 (USD Million)
9.3.6 France
9.3.6.1 Increased Reliance of Organizations and People on Digital Platforms and Services to Drive Need for IDaaS Solutions
Table 103 France: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 104 France: Market, by Component, 2023-2028 (USD Million)
Table 105 France: Market, by Deployment Type, 2017-2022 (USD Million)
Table 106 France: Market, by Deployment Type, 2023-2028 (USD Million)
Table 107 France: Market, by Vertical, 2017-2022 (USD Million)
Table 108 France: Market, by Vertical, 2023-2028 (USD Million)
9.3.7 Italy
9.3.7.1 Expansion of Digital Identity Landscape Characterized by Need for Secure and Efficient Online Identification Processes to Propel Market
Table 109 Italy: Market, by Component, 2017-2022 (USD Million)
Table 110 Italy: Market, by Component, 2023-2028 (USD Million)
Table 111 Italy: Market, by Deployment Type, 2017-2022 (USD Million)
Table 112 Italy: Market, by Deployment Type, 2023-2028 (USD Million)
Table 113 Italy: Market, by Vertical, 2017-2022 (USD Million)
Table 114 Italy: Market, by Vertical, 2023-2028 (USD Million)
9.3.8 Rest of Europe
Table 115 Rest of Europe: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 116 Rest of Europe: Market, by Component, 2023-2028 (USD Million)
Table 117 Rest of Europe: Market, by Deployment Type, 2017-2022 (USD Million)
Table 118 Rest of Europe: Market, by Deployment Type, 2023-2028 (USD Million)
Table 119 Rest of Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 120 Rest of Europe: Market, by Vertical, 2023-2028 (USD Million)
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Market Drivers
9.4.2 Asia-Pacific: Recession Impact
9.4.3 Asia-Pacific: Regulatory Landscape
Figure 31 Asia-Pacific: Identity as a Service Market Snapshot
Table 121 Asia-Pacific: Market, by Component, 2017-2022 (USD Million)
Table 122 Asia-Pacific: Market, by Component, 2023-2028 (USD Million)
Table 123 Asia-Pacific: Market, by Deployment Type, 2017-2022 (USD Million)
Table 124 Asia-Pacific: Market, by Deployment Type, 2023-2028 (USD Million)
Table 125 Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 126 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 127 Asia-Pacific: Market, by Country, 2017-2022 (USD Million)
Table 128 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
9.4.4 China
9.4.4.1 Surge in Cyberattacks to Drive Need for IDaaS Solutions and Services
Table 129 China: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 130 China: Market, by Component, 2023-2028 (USD Million)
Table 131 China: Market, by Deployment Type, 2017-2022 (USD Million)
Table 132 China: Market, by Deployment Type, 2023-2028 (USD Million)
Table 133 China: Market, by Vertical, 2017-2022 (USD Million)
Table 134 China: Market, by Vertical, 2023-2028 (USD Million)
9.4.5 Japan
9.4.5.1 Rising Vulnerability due to Increased Dependency on Connected Devices to Boost Need for IDaaS Solutions
Table 135 Japan: Market, by Component, 2017-2022 (USD Million)
Table 136 Japan: Market, by Component, 2023-2028 (USD Million)
Table 137 Japan: Market, by Deployment Type, 2017-2022 (USD Million)
Table 138 Japan: Market, by Deployment Type, 2023-2028 (USD Million)
Table 139 Japan: Market, by Vertical, 2017-2022 (USD Million)
Table 140 Japan: Market, by Vertical, 2023-2028 (USD Million)
9.4.6 India
9.4.6.1 Initiatives Like ‘Digital India’ to Lead to Adoption of IDaaS Solutions
Table 141 India: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 142 India: Market, by Component, 2023-2028 (USD Million)
Table 143 India: Market, by Deployment Type, 2017-2022 (USD Million)
Table 144 India: Market, by Deployment Type, 2023-2028 (USD Million)
Table 145 India: Market, by Vertical, 2017-2022 (USD Million)
Table 146 India: Market, by Vertical, 2023-2028 (USD Million)
9.4.7 Australia
9.4.7.1 Need for Strict Rules and Standards in Country's Digital Identity System to Drive Adoption of IDaaS Solutions
Table 147 Australia: Market, by Component, 2017-2022 (USD Million)
Table 148 Australia: Market, by Component, 2023-2028 (USD Million)
Table 149 Australia: Market, by Deployment Type, 2017-2022 (USD Million)
Table 150 Australia: Market, by Deployment Type, 2023-2028 (USD Million)
Table 151 Australia: Market, by Vertical, 2017-2022 (USD Million)
Table 152 Australia: Market, by Vertical, 2023-2028 (USD Million)
9.4.8 Rest of Asia-Pacific
Table 153 Rest of Asia-Pacific: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 154 Rest of Asia-Pacific: Market, by Component, 2023-2028 (USD Million)
Table 155 Rest of Asia-Pacific: Market, by Deployment Type, 2017-2022 (USD Million)
Table 156 Rest of Asia-Pacific: Market, by Deployment Type, 2023-2028 (USD Million)
Table 157 Rest of Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 158 Rest of Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Market Drivers
9.5.2 Middle East & Africa: Recession Impact
9.5.3 Middle East & Africa: Regulatory Landscape
Table 159 Middle East & Africa: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 160 Middle East & Africa: Market, by Component, 2023-2028 (USD Million)
Table 161 Middle East & Africa: Market, by Deployment Type, 2017-2022 (USD Million)
Table 162 Middle East & Africa: Market, by Deployment Type, 2023-2028 (USD Million)
Table 163 Middle East & Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 164 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 165 Middle East & Africa: Market, by Country, 2017-2022 (USD Million)
Table 166 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
9.5.4 Middle East
9.5.4.1 Rapid Digital Transformation and Diverse Economy to Spur Market Growth
Table 167 Middle East: Market, by Component, 2017-2022 (USD Million)
Table 168 Middle East: Market, by Component, 2023-2028 (USD Million)
Table 169 Middle East: Market, by Deployment Type, 2017-2022 (USD Million)
Table 170 Middle East: Market, by Deployment Type, 2023-2028 (USD Million)
Table 171 Middle East: Market, by Vertical, 2017-2022 (USD Million)
Table 172 Middle East: Market, by Vertical, 2023-2028 (USD Million)
Table 173 Middle East: Market, by Country, 2017-2022 (USD Million)
Table 174 Middle East: Market, by Country, 2023-2028 (USD Million)
9.5.4.2 UAE
Table 175 UAE: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 176 UAE: Market, by Component, 2023-2028 (USD Million)
Table 177 UAE: Market, by Deployment Type, 2017-2022 (USD Million)
Table 178 UAE: Market, by Deployment Type, 2023-2028 (USD Million)
Table 179 UAE: Market, by Vertical, 2017-2022 (USD Million)
Table 180 UAE: Market, by Vertical, 2023-2028 (USD Million)
9.5.4.3 Ksa
Table 181 Ksa: Market, by Component, 2017-2022 (USD Million)
Table 182 Ksa: Market, by Component, 2023-2028 (USD Million)
Table 183 Ksa: Market, by Deployment Type, 2017-2022 (USD Million)
Table 184 Ksa: Market, by Deployment Type, 2023-2028 (USD Million)
Table 185 Ksa: Market, by Vertical, 2017-2022 (USD Million)
Table 186 Ksa: Market, by Vertical, 2023-2028 (USD Million)
9.5.4.4 Rest of Middle East
Table 187 Rest of Middle East: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 188 Rest of Middle East: Market, by Component, 2023-2028 (USD Million)
Table 189 Rest of Middle East: Market, by Deployment Type, 2017-2022 (USD Million)
Table 190 Rest of Middle East: Market, by Deployment Type, 2023-2028 (USD Million)
Table 191 Rest of Middle East: Market, by Vertical, 2017-2022 (USD Million)
Table 192 Rest of Middle East: Market, by Vertical, 2023-2028 (USD Million)
9.5.5 Africa
9.5.5.1 Rapid Increase in Instances of Identity Fraud to Propel Market Growth
Table 193 Africa: Market, by Component, 2017-2022 (USD Million)
Table 194 Africa: Market, by Component, 2023-2028 (USD Million)
Table 195 Africa: Market, by Deployment Type, 2017-2022 (USD Million)
Table 196 Africa: Market, by Deployment Type, 2023-2028 (USD Million)
Table 197 Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 198 Africa: Market, by Vertical, 2023-2028 (USD Million)
9.6 Latin America
9.6.1 Latin America: Market Drivers
9.6.2 Latin America: Recession Impact
9.6.3 Latin America: Regulatory Landscape
Table 199 Latin America: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 200 Latin America: Market, by Component, 2023-2028 (USD Million)
Table 201 Latin America: Market, by Deployment Type, 2017-2022 (USD Million)
Table 202 Latin America: Market, by Deployment Type, 2023-2028 (USD Million)
Table 203 Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 204 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 205 Latin America: Market, by Country, 2017-2022 (USD Million)
Table 206 Latin America: Market, by Country, 2023-2028 (USD Million)
9.6.4 Brazil
9.6.4.1 Rapid Adoption of Technology Across Sectors to Encourage Popularity of IDaaS Solutions and Services
Table 207 Brazil: Market, by Component, 2017-2022 (USD Million)
Table 208 Brazil: Market, by Component, 2023-2028 (USD Million)
Table 209 Brazil: Market, by Deployment Type, 2017-2022 (USD Million)
Table 210 Brazil: Market, by Deployment Type, 2023-2028 (USD Million)
Table 211 Brazil: Market, by Vertical, 2017-2022 (USD Million)
Table 212 Brazil: Market, by Vertical, 2023-2028 (USD Million)
9.6.5 Mexico
9.6.5.1 Increasing Data Breaches to Compel Organizations and Government to Depend on IDaaS Solutions
Table 213 Mexico: Identity as a Service Market, by Component, 2017-2022 (USD Million)
Table 214 Mexico: Market, by Component, 2023-2028 (USD Million)
Table 215 Mexico: Market, by Deployment Type, 2017-2022 (USD Million)
Table 216 Mexico: Market, by Deployment Type, 2023-2028 (USD Million)
Table 217 Mexico: Market, by Vertical, 2017-2022 (USD Million)
Table 218 Mexico: Market, by Vertical, 2023-2028 (USD Million)
9.6.6 Rest of Latin America
Table 219 Rest of Latin America: Market, by Component, 2017-2022 (USD Million)
Table 220 Rest of Latin America: Market, by Component, 2023-2028 (USD Million)
Table 221 Rest of Latin America: Market, by Deployment Type, 2017-2022 (USD Million)
Table 222 Rest of Latin America: Market, by Deployment Type, 2023-2028 (USD Million)
Table 223 Rest of Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 224 Rest of Latin America: Market, by Vertical, 2023-2028 (USD Million)

10 Competitive Landscape

10.1 Introduction
10.2 Key Players Strategies/Right to Win
10.3 Revenue Analysis
Figure 32 Top 5 Players Have Dominated the Market in Last 5 Years
10.4 Market Share Analysis
Figure 33 Share of Leading Companies in the Market
Table 225 Market: Degree of Competition
10.5 Company Evaluation Matrix
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 34 Market: Company Evaluation Matrix, 2022
10.5.5 Company Footprint
Figure 35 Product Footprint
Table 226 Vertical Footprint
Table 227 Region Footprint
Table 228 Company Footprint
10.6 Start-Up/SME Evaluation Matrix
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 36 Market: Start-Up/SME Evaluation Matrix, 2022
10.6.5 Competitive Benchmarking
Table 229 Market: Detailed List of Key Start-Ups/SMEs
Table 230 Competitive Benchmarking of Key Start-Ups/SMEs: Vertical Footprint
Table 231 Competitive Benchmarking of Key Start-Ups/SMEs: Regional Footprint
10.7 Competitive Scenario and Trends
10.7.1 Product Launches & Enhancements
Table 232 Market: Product Launches & Enhancements, 2021-2023
10.7.2 Deals
Table 233 Market: Deals, 2021 - 2023

11 Company Profiles

11.1 Key Players
Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View
11.1.1 Okta
Table 234 Okta: Company Overview
Figure 37 Okta: Company Snapshot
Table 235 Okta: Products/Solutions/Services Offered
Table 236 Okta: Product Launches & Enhancements
Table 237 Okta: Deals
11.1.2 Microsoft
Table 238 Microsoft: Company Overview
Figure 38 Microsoft: Company Snapshot
Table 239 Microsoft: Products/Solutions/Services Offered
Table 240 Microsoft: Product Launches & Enhancements
Table 241 Microsoft: Deals
11.1.3 Thales Group
Table 242 Thales Group: Company Overview
Figure 39 Thales Group: Company Snapshot
Table 243 Thales Group: Products/Solutions/Services Offered
Table 244 Thales Group: Product Launches & Enhancements
Table 245 Thales Group: Deals
11.1.4 Ping Identity
Table 246 Ping Identity: Company Overview
Table 247 Ping Identity: Products/Solutions/Services Offered
Table 248 Ping Identity: Product Launches & Enhancements
Table 249 Ping Identity: Deals
11.1.5 IBM
Table 250 IBM: Company Overview
Figure 40 IBM: Company Snapshot
Table 251 IBM: Products/Solutions/Services Offered
Table 252 IBM: Product Launches & Enhancements
Table 253 IBM: Deals
11.1.6 Atos
Table 254 Atos: Business Overview
Figure 41 Atos: Company Snapshot
Table 255 Atos: Products/Solutions/Services Offered
Table 256 Atos: Product Launches & Enhancements
Table 257 Atos: Deals
11.1.7 Oracle
Table 258 Oracle: Company Overview
Figure 42 Oracle: Company Snapshot
Table 259 Oracle: Products/Solutions/Services Offered
Table 260 Oracle: Product Launches & Enhancements
Table 261 Oracle: Deals
11.1.8 Salesforce
Table 262 Salesforce: Company Overview
Figure 43 Salesforce: Company Snapshot
Table 263 Salesforce: Products/Solutions/Services Offered
Table 264 Salesforce: Deals
11.1.9 Google
Table 265 Google: Company Overview
Table 266 Google: Products/Solutions/Services Offered
Table 267 Google: Product Launches & Enhancements
Table 268 Google: Deals
11.1.10 Cyberark
Table 269 Cyberark: Company Overview
Figure 44 Cyberark: Company Snapshot
Table 270 Cyberark: Products/Solutions/Services Offered
Table 271 Cyberark: Product Launches & Enhancements
Table 272 Cyberark: Deals
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View Might Not be Captured in the Case of Unlisted Companies.
11.2 Start-Ups/SMEs
11.2.1 OpenText
11.2.2 Sailpoint
11.2.3 Vmware
11.2.4 Hcltech
11.2.5 Entrust
11.2.6 SecureAuth
11.2.7 Simeio
11.2.8 Ilantus Technologies
11.2.9 Loginradius
11.2.10 Jumpcloud
11.2.11 Idnow
11.2.12 One Identity
11.2.13 1Kosmos
11.2.14 Idenfy
11.2.15 Shareid

12 Adjacent Markets

12.1 Introduction
Table 273 Adjacent Markets and Forecasts
12.2 Limitations
12.3 Digital Identity Solutions Market
Table 274 Digital Identity Solutions Market, by Offering, 2017-2022 (USD Million)
Table 275 Digital Identity Solutions Market, by Offering, 2023-2028 (USD Million)
Table 276 Services: Digital Identity Solutions Market, by Region, 2017-2022 USD Million)
Table 277 Services: Digital Identity Solutions Market, by Region, 2023-2028 (USD Million)
12.4 Multi-Factor Authentication Market
Table 278 Multi-Factor Authentication Market, by Component, 2017-2022 (USD Million)
Table 279 Multi-Factor Authentication Market, by Component, 2023-2028 (USD Million)
Table 280 Services: Multi-Factor Authentication Market, by Region, 2017-2022 (USD Million)
Table 281 Services: Multi-Factor Authentication Market, by Region, 2023-2028 (USD Million)

13 Appendix

13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

1Kosmos
Atos
Cyberark
Entrust
Google
Hcltech
IBM
Idenfy
Idnow
Ilantus Technologies
Jumpcloud
Loginradius
Microsoft
Okta
One Identity
OpenText
Oracle
Ping Identity
Sailpoint
Salesforce
SecureAuth
Shareid
Simeio
Thales Group
Vmware

Table Information

Report Attribute	Details
No. of Pages	267
Published	November 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 7 Billion
Forecasted Market Value ( USD ) by 2028	$ 21.4 Billion
Compound Annual Growth Rate	25.0%
Regions Covered	Global
No. of Companies Mentioned	25

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IDaaS Market by Component (Provisioning, Single Sign-on, Advance Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), Deployment type, Verticals and Region - Global Forecast to 2028

By vertical, BFSI holds the largest market size.

By deployment mode, the Provisioning segment holds the largest market size.

By region, North America holds the largest market size.

Breakdown of primaries

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

By vertical, BFSI holds the largest market size.

By deployment mode, the Provisioning segment holds the largest market size.

By region, North America holds the largest market size.

Breakdown of primaries

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

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