The identity-as-a-service provides cloud based solutions for enterprises for identification and authentication solutions to provide users with access to privileges. IDaaS incorporates unique authentication and password management by avoiding possible damages arising due to identity and theft. Besides, advanced offerings like analytics and intelligence combined with the revolution, industry 4.0 have created an attractive picture for IDaaS market in recent years in terms of growth.
MARKET SCOPE
The "Global Identity-as-a-Service (IDaaS) Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the identity-as-a-service (IDaaS) market with detailed market segmentation by deployment, service type, enterprise size, access type, application, industry vertical, and geography. The report provides key statistics on the market status of the leading identity-as-a-service (IDaaS) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on deployment, the global identity-as-a-service (IDaaS) market is segmented into public, private, and hybrid.
- on the basis of service type, the market is segmented into on-site and in-house.
- based on enterprise size, the market is segmented into large enterprises and small and medium enterprises (SMEs).
- Based on access type, the market is segmented into single sign-on, multi-factor authentication, compliance management, directory services, and others.
- Based on application, the market is segmented into document verification, authentication, and screening.
- Based on industry vertical, the market is segmented into IT and telecom, BFSI, healthcare, automotive, government, and others.
MARKET DYNAMICS
Drivers:
- The identity-as-a-service market is anticipated to grow in the forecast period owing to driving factors such as increasing adoption of risk management solutions and increasing automation in industries.
- Moreover, the applicability of IDaaS in managing governance risk and compliance is further expected to augment market growth. The identity-as-a-service market is expected to showcase immense growth opportunities for major market players with the rapid emergence of industrial internet of things (IIoT) in the years to come.
Restraints:
- Security concerns may hinder the growth of global identity-as-a-service (IDaaS) market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The identity-as-a-service (IDaaS) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the identity-as-a-service (IDaaS) market in these regions.
IMPACT OF COVID-19 ON IDENTITY-AS-A-SERVICE (IDAAS) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the identity-as-a-service (IDaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from identity-as-a-service (IDaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the identity-as-a-service (IDaaS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Broadcom
- Capgemini
- HCL Technologies Limited
- IBM
- CyberArk Software Ltd.
- Ilantus Technologies Private Limited.
- Microsoft
- Okta
- Oracle
- Salesforce.com, Inc.