Cyber Security Industry News

TMCNet:  Identity as a Service Market Worth $6.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

[September 11, 2019]

Identity as a Service Market Worth $6.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 11, 2019 /PRNewswire/ -- According to a new market research report "Identity as a Service Market by Component (Provisioning, Single Sign-On, and Advanced Authentication), Deployment Type, Organization Size, Vertical (BFSI, Telecom and IT, Healthcare, and Public Sector), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the IDaaS Market size is expected to grow from USD 2.5 billion in 2019 to USD 6.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.

MarketsandMarkets Logo

The growing demand for cloud-based security solutions and services, and obligations to follow regulatory mandates and data protection laws are some of the major drivers of this market.

Browse in-depth TOC on "Identity as a Service Market"

55 – Tables

32 – Figures  

128 – Pages    

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32235637 

By deployment type, the hybrid cloud segment to grow at the highest CAGR during the forecast period

Several benefits offered to enterprises to lead the hybrid cloud in gaining huge traction. The major factors that are expected to drive the growth of the hybrid cloud segment include the growing demand for organizations for agile, scalable, and cost-efficient computing; rising need of standards for interoperability between cloud services and existing systems; increasing demand to avoid vendor lock-in; and growing number of digital services and their applications.

By vertical, the public sector segment to grow at the highest rate during the forecast period

Cyber attackers always target government agencies to gain access to confidential government data. Governments in the emerging economies are deploying web and mobile applications to serve their citizens efficiently. Owing to this, the public sector and government organizations can handle data and consumer identities of a critical nature more efficiently. These applications are becoming the prime targets for the cybercriminals to access sensitive data. Identity frauds in the government/public sector vertical include misappropriation of assets, identity thefts, bribery and corruption, accounting frauds, data thefts, and mone laundering. The incidents of identity thefts to access confidential government data are increased, which is resulting in the rise in the adoption of IDaaS solutions in government agencies.


Speak to Analyst:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=32235637 

North America to lead the IDaaS market during the forecast period

Based on the region, North America is expected to lead the IDaaS market during the forecast period. It is the largest market for cybersecurity due to the rising incidents of data breaches and security threats. Moreover, the region is home to key IDaaS solution providers, such as Okta, Idaptive, Ping Identity, and OneLogin. The increasing number of cyberattacks to access confidential consumer data; the changing needs of the workforce; and adoption of cloud applications, bring your own device (BYOD), and mobile practices; along with the need to meet stringent compliance regulations, are driving the organizations in North America to adopt IDaaS solutions. As the awareness for IDaaS is increasing, various firms are putting efforts to discuss and develop ideas for better IDaaS solutions. North America constitutes developed economies, such as the US and Canada.

Major vendors covered in the Identity as a Service Market include Okta, Inc. (US), IDaptive, LLC (US), Ping Identity (US), OneLogin (US), CA Technologies (US), SailPoint Technologies (US), Microsoft Corporation (US), Oracle Corporation (US), IBM Corporation (US), Google (US), Salesforce (US), HCL (India), Capgemini (France), Gemalto (Netherlands), Simeio Solutions (US), Jumio (US), Connectis (Netherlands), Auth0 (US), One Identity (US), and JumpCloud (US).

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

Browse Related Reports:

Identity Verification Market by Component (Solutions and Services), Deployment Mode, Organization Size, Industry Vertical, and Region (North America, Europe, APAC, Middle East and Africa, Latin America) - Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/identity-verification-market-178660742.html

Identity Governance and Administration Market by Component (Solution and Services), Deployment Type, Organization Size, Industry Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/identity-governance-administration-market-142949626.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
MarketsandMarkets™ Blog: https://mnmblog.org/ 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/identity-as-a-service-market.asp 
Content Source: https://www.marketsandmarkets.com/PressReleases/identity-as-a-service.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg


[ Cloud Security's Homepage ]

Free Subscription