Identity As A Service (Idaas) Market Overview, Opportunities, Demands And Growth Analysis Till 2029

Market Overview:

The Global Identity as a Service (IDaaS) Market Is Expected To Grow At A Significant Growth Rate, And The Analysis Period Is 2022-2028, Considering The Base Year As 2021.

A third-party provider developed and runs Identity as a Service (IDaaS), a cloud-based identity and access management (IAM) system. The main objective of IDaaS is to serve as an identity service, ensuring that users have the appropriate access to data, files, and other resources at the appropriate times. These Users must first subscribe to the service before receiving cloud-based identity management or authentication services from IDaaS suppliers.

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Market Dynamics

Driver:

Organizations in all sectors face a constant danger from cybercrimes on critical applications and infrastructures. The complexity of cyberattacks increases daily. A company claims that worldwide, fraud costs it about 5% of its total yearly sales. The overall annual revenue lost by businesses was pegged at USD 4.2 trillion in 2019. These cyberattacks may cause system failures, data breaches, and financial losses. Corporations have significant financial difficulties as a result of these earnings, and their reputations are frequently put at risk.

Opportunities:

It's becoming more popular to combine cutting-edge technologies like blockchain, AI, and machine learning. Massive volumes of data and access-related behaviors can be analyzed by vendors of IDaaS systems using ML-based analytics. Lowering identity attack surfaces is made possible by carefully tracking and reporting on a user, account, application, department, and organization's risk posture. The visibility of anomaly processes also makes it easier to build risk-based access certificates, which aid in identifying and authentication processes. These methods are now being used by a number of businesses, including the BFSI, the automobile, and the government. It helps businesses plan their strategic and corrective measures. Therefore, it is projected that using technology would offer IDaaS organizations a number of development options.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Component
• Single-Sign-On (SSO)
• Multi-Factor Authentication (MFA)
• Provisioning
• Compliance and Governance
• Others

By Application
• Document Verification
• Identification
• Screening

By Deployment Mode
• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization
• Small and Medium Enterprises (SMEs)
• Large Enterprises

By End-User
• IT & Telecommunication
• BFSI
• Healthcare
• Manufacturing
• Others

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Regional Analysis In Identity as a Service (IDaaS) Market
North America dominates the Global Identity as a Service IDaaS Market by having by recording the largest share in past years. North America possesses the maximum number of IDaaS providers which results in the maximum revenue generation from Identity Services in the region. Being the quickest adopters of new technologies and by having the most evolved tech industry, North American Countries have experienced a surge in the demand for Software as a Service Solutions including Identity as a Service. Moreover, rising data compliance rules and such compulsions are acting as growth drivers for IDaaS Market in the region. Also, since the last few years, the region has experienced a rise in cyberattacks and other malicious activities aimed at stealing sensitive data which is driving the demand of IDaaS in North America.
North American Coutries are increasingly implementing extensive security solutions such as IDaaS to fight sophistications in Cyberattacks other than that, changing workforce needs, and increased mobile practices are forcing businesses to adopt IDaaS solutions. Further, during the forecast period, extensive use of personal devices, like smartphones and computers, by individuals for personal use and organizations for business operations is expected to drive the adoption of IDaaS in the North America region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA

Key Players For The Global Identity as a Service (IDaaS) Market
• OneLogin Inc.(US)
• Atos SE (France)
• Ping Identity Corporation (US)
• Microsoft Corporation (US)
• Okta Inc. (US)
• IBM Corporation (US)
• CyberArk Software Ltd. (US)
• Oracle Corporation (US)
• Equifax (US)
• Salesforce Inc. (US)
• Google LLC (US)
• CA Technologies Inc. (US)
• SailPoint Technologies Inc. (US)
• ForgeRock Inc. (US) and Other Major Players

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Key Industry Development In The Identity as a Service (IDaaS) Market
In October 2022, Atos with the launch of its new Evidian IDaaS Access & Governance extended its Identity and Access Management (IAM) cybersecurity offering. This new solution provides key identity governance and administration functions such as User lifecycle, Application access and rights, Rights assignments and compliance and Governance. Atos introduces its new solutions with the overall objective to manage on-premises, cloud-based and as-a-Service applications.
In October 2021, Equifax announced the launch of its new Digital Identity as a Service capability and also announced an Innovation Partnership with Bonifii, an innovative financial technology company as a first adopter of the new solution. The new Digital Identity as a Service combines data and analytics with modern cryptography to help in offering higher degree of trust along with a great user experience.

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Table of Content: -
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Component
 3.2 By Application
 3.3 By Deployment mode
 3.4 By Organization
 3.5 By End-User
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Identity as a Service (IDaaS) Market by Component

To be continue…

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