Identity as a Service Market Summary
Introduction
Identity as a Service (IDaaS) solutions provide cloud-based identity and access management, ensuring secure user authentication. The market is driven by rising cloud adoption, with global cloud spending projected to reach $1 trillion by 2025 (Gartner), and cybersecurity needs. Innovations in multi-factor authentication and AI-driven identity analytics fuel growth. The global IDaaS market is projected to reach USD 5.0-9.0 billion in 2025, with a CAGR of 18%-25% through 2030.Regional Analysis
- North America: The U.S. leads with cloud and cybersecurity adoption, while Canada focuses on enterprise security.
- Europe: Germany and the UK drive growth through GDPR and digital transformation.
- Asia Pacific: China and India grow with cloud adoption, while Japan emphasizes secure authentication.
- Rest of the World: Brazil and Australia expand through enterprise digitalization.
Application Analysis
- BFSI, IT & ITeS, Manufacturing, Government, Telecom, Energy and Utilities, Healthcare, Others: Expected growth of 18.0%-25.0%, driven by secure access needs. Trends focus on multi-factor authentication.
- Others: Growth of 17.8%-24.8%, including education and retail applications.
Type Analysis
- Public Cloud: Expected growth of 18.2%-25.2%, driven by scalability. Trends emphasize ease of deployment.
- Private Cloud, Hybrid Cloud: Projected growth of 18.0%-25.0%, with demand for secure, customized solutions.
Key Market Players
Leading firms include Thales, offering robust IDaaS; Ping Identity, specializing in authentication; IBM, Atos SE, Okta, Microsoft, Oracle, Google, Salesforce, and CyberArk Software, innovating in AI and cloud-based identity solutions.Porter’s Five Forces Analysis
- Threat of New Entrants: Moderate, due to technical expertise, though cloud startups can enter.
- Threat of Substitutes: Low, as IDaaS is critical for secure access.
- Bargaining Power of Buyers: Moderate, with enterprises seeking scalable, secure solutions.
- Bargaining Power of Suppliers: Low, due to multiple cloud providers.
- Competitive Rivalry: High, with competition on security, scalability, and cost.
Market Opportunities and Challenges
Opportunities: Rising cloud spending ($1 trillion) and cybersecurity needs drive demand. AI and multi-factor authentication, along with Asia’s digital growth, enhance sales.Challenges: High costs limit SME adoption. Privacy and compliance complexities pose hurdles.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Historical and Forecast Identity As A Service Market in North America (2020-2030)
Chapter 9 Historical and Forecast Identity As A Service Market in South America (2020-2030)
Chapter 10 Historical and Forecast Identity As A Service Market in Asia & Pacific (2020-2030)
Chapter 11 Historical and Forecast Identity As A Service Market in Europe (2020-2030)
Chapter 12 Historical and Forecast Identity As A Service Market in MEA (2020-2030)
Chapter 13 Summary For Global Identity As A Service Market (2020-2025)
Chapter 14 Global Identity As A Service Market Forecast (2025-2030)
Chapter 15 Analysis of Global Key Vendors
Tables and Figures
Companies Mentioned
- Thales
- Ping Identity
- IBM
- Atos SE
- Okta
- Microsoft
- Oracle
- Salesforce
- CyberArk Software