Identity and Access Management-as-a-Service Market to Hit USD 7.66 billion by 2025; Rising Technological Advancements to Spur Demand
Increasing adoption of ‘Bring Your Own Device’ (BYOD) policies in enterprises is driving the identity and access management market.
Dallas, United States – April 23, 2021 /MarketersMedia/ —
The global identity and access management-as-a-service (IDaas) market size is projected to be worth USD 7.66 billion by 2025. IDaaS (Identity & access management-as-a-service) is access management (IAM) and cloud-based identity solution and service that is adopted in organizations for security systems. In addition, Identity & access management-as-a-service solutions are basically employed with the help of SaaS (Security-as-a-service) based models across cloud computing services.
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However, current advancements in technology have led to rapid challenges as well as changes for the Information Technology infrastructure of organizations. Thus, it is required for organizations to update their IT environment to gain a competitive advantage.
Rapid innovations in technologies also have led developers to build innovative solutions such as secure print access as well as authentication to EV (Electric Vehicles) charging access. The global Identity & access management-as-a-service market can experience a huge demand due to application in several sectors such as education, healthcare, and manufacturing.
The global Identity & access management-as-a-service market segmentation can be done depending on eth factors such as deployment type, component type, organization size, application, and geographical region. On considering deployment type, the global Identity & access management-as-a-service market is segregated into the public cloud, private cloud, as well as hybrid cloud.
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In terms of component type, the global Identity & access management-as-a-service market is fragmented into single sign-on, provisioning, directory services, advanced authentication, password management, and others. In terms of organization size, the market is segregated into small & medium enterprises as well as large enterprises. The global Identity & access management-as-a-service market offers public sector, IT and telecom, BFSI, consumer goods and retail, healthcare, manufacturing, energy & utilities, education, and others.
On considering the geographical front, the global Identity & access management-as-a-service market is divided into Europe, North America, Middle East, and Africa, Asia Pacific, and Latin America. Out of these, the North American region is expected to be the highest global Identity & access management-as-a-service market share over the predicted period. In addition, the region has witnessed the development of the business as well as IT infrastructure, and governance rules as well as IT security that has led to the growing demand for cloud-enabled IT services and security that will significantly grow the demand for the adoption of the global Identity & access management-as-a-service market. The global market for Identity & access management-as-a-service market is highly competitive as many leading service providers operating in the market. Some of the top players are Centrify, Bitium, Google, ForgeRock, Okta, Exostar, Oracle, and many others.
In June 2018, InnovoCommerce formed a partnership with Exostar for high assurance, Single-Sign-On Access to the investigatorFIRST Portal.
In March 2016, Google Cloud Platform offered identity and access management roles for users. Cloud based IAM enables big organizations and companies to give access to Google cloud infrastructure to certain people.
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Key segments of the global identity and access management-as-a-service (IDaaS) market
Vertical overview, 2014–2025 (USD million)
Banking, Financial Services and Insurance (BFSI )
Healthcare
Telecom
Public sector
Others
Regional overview, 2014–2025 (USD million)
North America
U.S.
Canada
Europe
UK
Germany
Asia-Pacific
China
Japan
Rest of the world
Key players analyzed
Microsoft
CA Technologies
IBM Corporation
Salesforce.com Inc.
Ping Identity Corporation
Centrify Corporation
Exostar
Google LLC
Fischer International Identity
Okta, Inc.
OneLogin Inc.
Oracle Corporation
Some Points from Table of Content:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Identity and Access Management-as-a-service (IDaaS) Overview, by Vertical
Chapter 5 Identity and Access Management-as-a-service (IDaaS) Market Overview, by Region
Chapter 6 Company Market Share
Chapter 7 Company Profiles
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