Identity as a Service Market Research Report - Global Forecast till 2027

Global Identity as a Service Market Research Report: by Service (Identity Governance & Administration, Access, Intelligence), Organization Size (Large Enterprise, Small and Medium-Sized Enterprise), Deployment (Public Cloud, Private Cloud, Hybrid), Vertical (BFSI, IT and Telecommunication, Retail and CPG, Energy and Utilities,  Manufacturing, Healthcare and Life Sciences, Transportation, Government and Defense, Others) - Forecast till 2027

ID: MRFR/ICT/6456-HCR | February, 2021 | Region : Global

Market Synopsis


The global identity as a service (IDaaS) market is expected to register a CAGR of 18.4% during the forecast period to reach USD 10.8 billion by 2024.


IDaaS provides identity and access management (IAM) over the cloud. IDaaS are SaaS-based IAM offerings that allow enterprises to use single sign-on (SSO) using Security Assertion Markup Language (SAML) or OpenID Connect (OIDC), authentication and access controls to give secure access to the enterprises' software and SaaS applications. It not only reduces on-site infrastructure but also provides a wide range of integration options. The increasing level of interconnectivity due to rising IoT and BYOD trends across verticals is a lucrative opportunity for the IDaaS vendors. Also, many enterprises in developing economies are becoming aware regarding IDaaS and its affordability as cloud-based deployment. This is another opportunity for vendors. The rapid increase in the connected digital workforce boosts the growth of the market. The strict government directives for data protection is another factor which drives the growth of the global IDaaS market. Along with this, the rapid increase in DevSecOps (integration of development, security, and operation) practices for identity and access management are expected to fuel the market growth. The concerns of enterprises regarding data security limit the growth of this market. Various enterprises prefer on-premise identity and access management systems as they are considered more secure. This is a major challenge for the vendors in the IDaaS market.


Segmentation


The global IDaaS market has been segmented based on service, organization size, deployment, vertical, and region/country.


By service, the global IDaaS market has been divided into identity governance & administration, access, and intelligence.


Based on organization size, the global IDaaS market has been divided into small- and medium-sized enterprise (SME) and large enterprise.


Based on deployment, the global IDaaS market has been divided into private cloud, public cloud, and hybrid.


On the basis of vertical, the global IDaaS market has been divided into banking, financial services, and insurance (BFSI), IT and telecommunication, retail and CPG, energy and utilities,  manufacturing, healthcare and life sciences, transportation, government and defense, and others.


The global IDaaS market has been analyzed for four regions—North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global IDaaS market is estimated to register a CAGR of 18.4% during the forecast period from 2019 to 2024. The geographic analysis of the global IDaaS market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.


North America is anticipated to account for the largest market size during the forecast period. The US leads the market in North America owing to the early adoption of DevSecOps practices for identity and access management and strict government directives for data protection. The rising cyber threats and growing demand for strong identification and authentication solutions on cloud are driving the IDaaS market in the region.


Asia-Pacific is expected to be the fastest growing market in the global IDaaS market during the forecast period. The growing adoption of BYOD trend and IoT across verticals and increasing awareness among enterprises about security in developing economies in Asia-Pacific are some of the major opportunities for the IDaaS market in Asia-Pacific. IDaaS covers identity governance and administration (IGA), access management and intelligence functions for cloud and networked IT services than just providing access as the traditional systems. Thus, many enterprises are expected to prefer IDaaS over IAM in the region.


Key Players


The key players in the global IDaaS market are include Avatier (US), Okta, Inc. (US), Microsoft Corporation, (US), OneLogin, Inc (US), Fischer Identity (US), Centrify Corporation (US), Oracle Corporation (US), iWelcome (Netherlands), Ping Identity (US), LoginRadius (Canada), VMWare (US), IDaptive, LLC. (US), empowerID (US), and Ubisecure, Inc. (Finland). These are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.


The other players in the IDaaS market are Sailpoint (US), Bitium, Inc. (US), Optimal IdM(US) and others.  Identity as a Service Market


Source: MRFR Analysis


Competitive Analysis


The companies in the IDaaS market undertake various strategies to increase their presence in the market and acquire more clients from diverse verticals. These companies form partnerships, mergers, acquisitions, open offices in new locations, and launch products for the same. The IDaaS market has witnessed a high demand globally due to the rise in demand from industries such as BFSI, government, and IT and telecommunication. For instance, in June 2018, InnovoCommerce formed a partnership with Exostar for high assurance, Single-Sign-On Access to the investigator FIRST Portal. In January 2018, Ping Identity formed a partnership with KPMG to deliver CIAM solutions to foster digital commerce and digital transition initiatives for enterprises.


Intended Audience



  • Cybersecurity vendors

  • Information security consultants

  • Security system integrators

  • Managed Security Service Providers (MSSPs)

  • Independent software vendors

  • IDaaS vendors

  • Cloud services providers

  • Distributors and Value-Added Resellers (VARs)

  • Investors and venture capitalists

  • Compliance officers

  • Regulators

  • Chief Financial Officers

Table of Contents

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Identity as a Service Market, by Service

1.3 Global Identity as a Service Market, by Organization Size

1.4 Global Identity as a Service Market, by Deployment

1.5 Global Identity as a Service Market, by Vertical

1.6 Identity as a Service Market, by Region

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 DevSecOps Practices for Identity and Access Management

5.2.2 Strict Government Directives for Data Security

5.2.3 Rapid Increase in Connected Digital Workforce

5.2.3 Drivers Impact Analysis

5.3 Restraints

5.3.1 Data Security Concerns of Enterprises

5.3.2 Restraints Impact Analysis

5.4 Opportunities

5.4.1 High Adoption of BYOD Policy and IoT Across Verticals

5.4.2 Increasing Awareness Among Enterprises About Security in Developing Economies

5.5 Challenges

5.5.1 Preference to On-Premise Systems

5.6 Technological Trends

5.7 Regulatory Landscape / Standards

6 Market Factor Analysis

6.1 Supply/Value Chain Analysis

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7 Global Identity as a Service Market, By Service

7.1 Overview

7.2 Identity Governance & Administration

7.2.1 Identity Governance & Administration: Market Estimates & Forecast by Region/Country, 2020–2027

7.3 Access

7.3.1 Access: Market Estimates & Forecast by Region/Country, 2020–2027

7.4 Intelligence

7.4.1 Intelligence: Market Estimates & Forecast by Region/Country, 2020–2027

8 Global Identity as a Service Market, By Organization Size

8.1 Overview

8.2 Large Enterprise

8.2.1 Large Enterprise: Market Estimates & Forecast by Region/Country, 2020–2027

8.3 Small and Medium-Sized Enterprise

8.3.1 Small and Medium-Sized Enterprise: Market Estimates & Forecast by Region/Country, 2020–2027

9 Global Identity as a Service Market, By Deployment

9.1 Overview

9.2 Public Cloud

9.2.1 Public Cloud: Market Estimates & Forecast by Region/Country, 2020–2027

9.3 Private Cloud

9.3.1 Private Cloud: Market Estimates & Forecast by Region/Country, 2020–2027

9.4 Hybrid

9.4.1 Hybrid: Market Estimates & Forecast by Region/Country, 2020–2027

10 Global Identity as a Service Market, By Vertical

10.1 Overview

10.2 Banking, Financial Services, and Insurance

10.2.1 Banking, Financial Services, and Insurance: Market Estimates & Forecast by Region/Country, 2020–2027

10.3 IT and Telecommunication

10.3.1 IT and Telecommunication: Market Estimates & Forecast by Region/Country, 2020–2027

10.4 Retail and CPG

10.4.1 Retail and CPG: Market Estimates & Forecast by Region/Country, 2020–2027

10.5 Energy and Utilities

10.5.1 Energy and Utilities: Market Estimates & Forecast by Region/Country, 2020–2027

10.6 Healthcare and Life Sciences

10.6.1 Healthcare and Life Sciences: Market Estimates & Forecast by Region/Country, 2020–2027

10.7 Manufacturing

10.7.1 Manufacturing: Market Estimates & Forecast by Region/Country, 2020–2027

10.8 Transportation

10.8.1 Transportation: Market Estimates & Forecast by Region/Country, 2020–2027

10.9 Government and Defense

10.9.1 Government and Defense: Market Estimates & Forecast by Region/Country, 2020–2027

10.10 Others

10.10.1 Others: Market Estimates & Forecast by Region/Country, 2020–2027

11 Global Identity as a Service Market, By Region

11.1 Overview

11.2 North America

11.2.1 Market Estimates & Forecast, by Country, 2020–2027

11.2.2 Market Estimates & Forecast, by Service, 2020–2027

11.2.3 Market Estimates & Forecast, by Organization Size, 2020–2027

11.2.4 Market Estimates & Forecast, by Deployment, 2020–2027

11.2.5 Market Estimates & Forecast, by Vertical, 2020–2027

11.2.6 US

11.2.6.1 Market Estimates & Forecast, by Service, 2020–2027

11.2.6.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.2.6.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.2.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, by Service, 2020–2027

11.2.7.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.2.7.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.2.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.2.8 Mexico

11.2.8.1 Market Estimates & Forecast, by Service, 2020–2027

11.2.8.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.2.8.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.2.8.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, by Country, 2020–2027

11.3.2 Market Estimates & Forecast, by Service, 2020–2027

11.3.3 Market Estimates & Forecast, by Organization Size, 2020–2027

11.3.4 Market Estimates & Forecast, by Deployment, 2020–2027

11.3.5 Market Estimates & Forecast, by Vertical, 2020–2027

11.3.6 UK

11.3.6.1 Market Estimates & Forecast, by Service, 2020–2027

11.3.6.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.3.6.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.3.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.3.7 Germany

11.3.7.1 Market Estimates & Forecast, by Service, 2020–2027

11.3.7.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.3.7.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.3.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.3.8 France

11.3.8.1 Market Estimates & Forecast, by Service, 2020–2027

11.3.8.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.3.8.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.3.8.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.3.9 Rest of Europe

11.3.9.1 Market Estimates & Forecast, by Service, 2020–2027

11.3.9.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.3.6.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.3.9.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.4 Asia-Pacific

11.4.1 Market Estimates & Forecast, by Country, 2020–2027

11.4.2 Market Estimates & Forecast, by Service, 2020–2027

11.4.3 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.4 Market Estimates & Forecast, by Deployment, 2020–2027

11.4.5 Market Estimates & Forecast, by Vertical, 2020–2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, by Service, 2020–2027

11.4.6.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.6.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.4.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.4.7 Japan

11.4.7.1 Market Estimates & Forecast, by Service, 2020–2027

11.4.7.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.7.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.4.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.4.8 India

11.4.8.1 Market Estimates & Forecast, by Service, 2020–2027

11.4.8.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.8.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.4.8.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.4.9 Rest of Asia-Pacific

11.4.9.1 Market Estimates & Forecast, by Service, 2020–2027

11.4.9.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.9.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.4.9.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, by Country, 2020–2027

11.5.2 Market Estimates & Forecast, by Service, 2020–2027

11.5.3 Market Estimates & Forecast, by Organization Size, 2020–2027

11.5.4 Market Estimates & Forecast, by Deployment, 2020–2027

11.5.5 Market Estimates & Forecast, by Vertical, 2020–2027

11.5.6 South America

11.5.6.1 Market Estimates & Forecast, by Service, 2020–2027

11.5.6.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.4.6.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.5.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

11.5.7 Middle East & Africa

11.5.7.1 Market Estimates & Forecast, by Service, 2020–2027

11.5.7.2 Market Estimates & Forecast, by Organization Size, 2020–2027

11.5.7.3 Market Estimates & Forecast, by Deployment, 2020–2027

11.5.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

12 Competitive Landscape

12.1 Competitive Overview

12.2 Competitor Dashboard

12.3 Major Growth Strategy in the Global Identity as a Service Market

12.4 Competitive Benchmarking

13 Company Profiles

13.1 Avatier

13.1.1 Company Overview

13.1.2 Financial Overview

13.1.3 Product Offerings

13.1.4 Key Development

13.1.5 SWOT Analysis

13.1.6 Key Strategies

13.2 Okta, Inc.

13.2.1 Company Overview

13.2.2 Financial Overview

13.2.3 Product Offerings

13.2.4 Key Development

13.2.5 SWOT Analysis

13.2.6 Key Strategies

13.3 Microsoft Corporation

13.3.1 Company Overview

13.3.2 Financial Overview

13.3.3 Product Offerings

13.3.4 Key Development

13.3.5 SWOT Analysis

13.3.6 Key Strategies

13.4 OneLogin, Inc.

13.4.1 Company Overview

13.4.2 Financial Overview

13.4.3 Product Offerings

13.4.4 Key Development

13.4.5 SWOT Analysis

13.4.6 Key Strategies

13.5 Fischer Identity

13.5.1 Company Overview

13.5.2 Financial Overview

13.5.3 Product Offerings

13.5.4 Key Development

13.5.5 SWOT Analysis

13.5.6 Key Strategies

13.6 Centrify Corporation

13.6.1 Company Overview

13.6.2 Financial Overview

13.6.3 Product Offerings

13.6.4 Key Development

13.6.5 SWOT Analysis

13.6.6 Key Strategies

13.7 Sailpoint

13.7.1 Company Overview

13.7.2 Financial Overview

13.7.3 Product Offerings

13.7.4 Key Development

13.7.5 SWOT Analysis

13.7.6 Key Strategies

13.8 Oracle Corporation

13.8.1 Company Overview

13.8.2 Financial Overview

13.8.3 Product Offerings

13.8.4 Key Development

13.8.5 SWOT Analysis

13.8.6 Key Strategies

13.9 iWelcome

13.9.1 Company Overview

13.9.2 Financial Overview

13.9.3 Product Offerings

13.9.4 Key Development

13.9.5 SWOT Analysis

13.9.6 Key Strategies

13.10 Ping Identity

13.10.1 Company Overview

13.10.2 Financial Overview

13.10.3 Product Offerings

13.10.4 Key Development

13.10.5 SWOT Analysis

13.10.6 Key Strategies

13.11 LoginRadius

13.11.1 Company Overview

13.11.2 Financial Overview

13.11.3 Product Offerings

13.11.4 Key Development

13.11.5 SWOT Analysis

13.11.6 Key Strategies

13.12 VMWare

13.12.1 Company Overview

13.12.2 Financial Overview

13.12.3 Product Offerings

13.12.4 Key Development

13.12.5 SWOT Analysis

13.12.6 Key Strategies

13.13 IDaptive, LLC.

13.13.1 Company Overview

13.13.2 Financial Overview

13.13.3 Product Offerings

13.13.4 Key Development

13.13.5 SWOT Analysis

13.13.6 Key Strategies

13.14 empowerID

13.14.1 Company Overview

13.14.2 Financial Overview

13.14.3 Product Offerings

13.14.4 Key Development

13.14.5 SWOT Analysis

13.14.6 Key Strategies

13.15 Ubisecure, Inc.

13.15.1 Company Overview

13.15.2 Financial Overview

13.15.3 Product Offerings

13.15.4 Key Development

13.15.5 SWOT Analysis

13.15.6 Key Strategies

** Note: Details on financial overview, SWOT analysis, and key strategies might not be captured in case of unlisted companies as their financial details are not disclosed due to private ownership or unavailability of financial data on public domain or any other reliable source.

14 Industry Insights

14.1 Technological Impact Analysis

14.2 Use Cases

14.3 Best Practices

15 Appendix

15.1 List of Abbreviation

15.2 Related Research Market Study


LIST OF TABLES

Table 1 Global Identity as a Service Market, by Region, 2020–2027

Table 2 North America: Global Identity as a Service Market, by Country, 2020–2027

Table 3 Europe: Global Identity as a Service Market, by Country, 2020–2027

Table 4 Asia-Pacific: Global Identity as a Service Market, by Country, 2020–2027

Table 5 Rest of the World: Global Identity as a Service Market, by Country, 2020–2027

Table 6 North America: Global Identity as a Service Service Market, by Country, 2020–2027

Table 7 Europe: Global Identity as a Service Service Market, by Country, 2020–2027

Table 8 Asia-Pacific: Global Identity as a Service Service Market, by Country, 2020–2027

Table 9 Rest of the World: Global Identity as a Service Service Market, by Country, 2020–2027

Table 10 Global Identity as a Service Organization Size Market, by Region, 2020–2027

Table 11 North America: Global Identity as a Service Organization Size Market, by Country, 2020–2027

Table 12 Europe: Global Identity as a Service Organization Size Market, by Country, 2020–2027

Table 13 Asia-Pacific: Global Identity as a Service Organization Size Market, by Country, 2020–2027

Table 14 Rest of the World: Global Identity as a Service Organization Size Market, by Country, 2020–2027

Table 15 Global Identity as a Service Deployment Market, by Region, 2020–2027

Table 16 North America: Global Identity as a Service Deployment Market, by Country, 2020–2027

Table 17 Europe: Global Identity as a Service Deployment Market, by Country, 2020–2027

Table 18 Asia-Pacific: Global Identity as a Service Deployment Market, by Country, 2020–2027

Table 19 Rest of the World: Global Identity as a Service Deployment Market, by Country, 2020–2027

Table 20 Global Identity as a Service Vertical Market, by Region, 2020–2027

Table 21 North America: Global Identity as a Service Vertical Market, by Country, 2020–2027

Table 22 Europe: Global Identity as a Service Vertical Market, by Country, 2020–2027

Table 23 Asia-Pacific: Global Identity as a Service Vertical Market, by Country, 2020–2027

Table 24 Rest of the World: Global Identity as a Service Vertical Market, by Country, 2020–2027


LIST OF FIGURES

FIGURE 1 Global Identity as a Service Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Identity as a Service Market

FIGURE 4 Value Chain/Supply Chain of Global Identity as a Service Market

FIGURE 5 Share of the Global Identity as a Service Market in 2020, by Country (in %)

FIGURE 6 Global Identity as a Service Market, 2020–2027

FIGURE 7 Sub-segments of Service

FIGURE 8 Global Identity as a Service Market Size, by Service, 2020

FIGURE 9 Share of the Global Identity as a Service Market, by Service, 2020 to 2027

FIGURE 10 Global Identity as a Service Market Size, by Deployment, 2020

FIGURE 11 Share of the Global Identity as a Service Market, by Deployment, 2020 to 2027

FIGURE 12 Global Identity as a Service Market Size, by Organization Size, 2020

FIGURE 13 Share of the Global Identity as a Service Market, by Organization Size, 2020 to 2027

FIGURE 12 Global Identity as a Service Market Size, by Vertical, 2020

FIGURE 13 Share of the Global Identity as a Service Market, by Vertical, 2020 to 2027

Identity Service Market