Security Assertion Markup Language (SAML) Authentication Market Research Report‚ÄĒ Global Forecast till 2030

Global Security Assertion Markup Language (SAML) Authentication Market Research Report Information By Component (Solution and Service), By Deployment (Cloud-based and On-premises), By Vertical (BFSI, IT & Telecom, Energy & Utilities, Healthcare, Oil & Gas, Manufacturing, Retail, and Others), By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)‚ÄĒForecast till 2030

ID: MRFR/ICT/8992-HCR | 100 Pages | Author: Ankit Gupta | December 2023         

Security Assertion Markup Language (SAML) Authentication Market

The global security assertion markup language (SAML) authentication market size is expected to register an exponential CAGR 4.00% during the forecast period. SAML Authentication market to reach at USD 3.11 billion by 2030.

Segmentation
By Component Solution and Service
By Deployment Cloud-based and On-premises
By Vertical BFSI IT & Telecom Energy & Utilities Healthcare Oil & Gas Manufacturing Retail
Key Players
Companies Profiled   Thales (France)    Ping Identity (US)    Amazon Web Services Inc. (US)    Okta (US)    Oracle (US)    miniOrange Inc. (US)    Zoho Corp. (India)    OneLogin Inc. (US)    SSO Easy (US)    SAASPASS (US)    Auth0 Inc. (US)    BIO-key International (US)    RCDevs (Luxembourg).
Drivers
Market Driving Forces   The rising trend for BYOD is creating opportunities for SAML solutions and is expected to take the market growth to the next level.
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Market Synopsis


The global security assertion markup language (SAML) authentication market size is expected to register an exponential CAGR 4.00% during the forecast period. SAML Authentication market to reach at USD 3.11 billion by 2030.


The SAML authentication is a standardized method of authentication to prove one’s identity and enable access to all the external applications and services they desire to access. SAML is a set of standards that enables all internet users to log in using a web portal and seamless access the information or other online services without logging providing credentials multiple times. SAML is an open-source XML protocol that enables the exchange of information for authentication and authorization between an identity provider and service provider (usually a cloud or a web-based application). SAML is also known with other terms such as token-based authentication, security token services, federated authentication, and identity federation. It was first released by the Organization for the Advancement of Structured Information Standards (OASIS) in 2002.


The security assertion markup language (SAML) authentication market is driven by the increase in the need for effective management of bulk identities and the rise in demand for a consistent and unified methodology to ensure the security of identities. Additionally, the increase in Internet penetration and rapid developments in the telecom industry increasing the use of the Internet over smartphones in emerging economies such as India boost the growth of the security assertion markup language (SAML) authentication market. The rising trend for BYOD is creating opportunities for SAML solutions and is expected to take the market growth to the next level. However, this market growth is hampered by the limited awareness regarding the availability of identification and authentication protocols to prevent unauthorized enterprise access.


Segmentation


The security assertion markup language (SAML) authentication market has been segmented based on component, deployment, vertical, and region.


By component, the global security assertion markup language (SAML) authentication market has been divided into solution and service.


Based on deployment, the global security assertion markup language (SAML) authentication market has been divided into cloud-based and on-premises.


The security assertion markup language (SAML) authentication market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Regional Analysis


The security assertion markup language (SAML) authentication market is estimated to register an exponential CAGR over the forecast period. The geographic analysis of the security assertion markup language (SAML) authentication market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


North America is expected to register the largest market share mainly due to the presence of industry key players such as Ping Identity (US), Amazon Web Services, Inc. (US), Okta (US), Oracle (US), miniOrange Inc. (US), OneLogin, Inc. (US), SSO Easy (US), SAASPASS (US), Auth0 Inc. (US), BIO-key International (US), and Microsoft (US) in the region. The US is expected to lead the market in North America due to the factors such as an increase in adoption of SAML authentication solutions, growth in IoT, BYOD trend in large and small organizations, and a rise in internal and external threats.


The European market for security assertion markup language (SAML) authentication is expected to stand at the second position during the review period mainly due to the regulatory compliance requirements and rapid economic growth across countries such as the UK and Germany. Additionally, the increasing number of cloud-based services are increasing the sensitivity of the information, which, in turn, is boosting the market growth.


Asia-Pacific is expected to be the third dominating region in terms of adopting security assertion markup language (SAML) authentication across industry verticals. Several business organizations store their sensitive information over the cloud, requiring a strong authentication system to handle identity and access management. The regional market has been segmented into China, India, Japan, and the rest of the Asia-Pacific. China is the leading country-level market, while India is projected to be the fastest-growing country during the forecast period. The Chinese market is expected to report the highest market share, owing to the factors such as a large number of users in an enterprise, making them essential to implement SAML authentication solutions and services. Additionally, India is witnessing an increase in the number of IT service providers in the country.


The Middle East & Africa and South America markets are expected to report significant growth during the forecast period attributed to the digital transformation across industry sectors.


Competitive Analysis


The global security assertion markup language (SAML) authentication market is witnessing high growth due to the rising need for user authentication without multiple sign-in requirements. Major players have opted for partnerships, acquisitions, and product enhancement as their key organic growth strategies to enhance their positions in the market and cater to the demands of end users, whether it may be an employee in the organization or a customer. Additionally, the industry players are competing over the advancement of services offered, such as next-generation SAML protocol- SAML 2.0. Additionally, the providers offer Active Directory, which readily supports the Single Sign-on functionality.


Impact of COVID19


The outbreak of COVID-19 in the early months of 2020 has hampered the industry’s normal functioning. Many verticals have shifted their working environments from physical to virtual for business continuity. The adoption of digital platforms during this pandemic situation has enabled organizations to run their businesses seamlessly but has increased their data and system vulnerabilities. Since the beginning of the pandemic, the number of cybercrimes has reported a surge. This has resulted in a higher demand for security solutions, including SAML authentication, to prevent unusual circumstances.


Key Players


The key players in the global security assertion markup language (SAML) authentication market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Thales (France), Ping Identity (US), Amazon Web Services, Inc. (US), Okta (US), Oracle (US), miniOrange Inc. (US), Zoho Corp. (India), OneLogin, Inc. (US), SSO Easy (US), SAASPASS (US), Auth0 Inc. (US), BIO-key International (US), RCDevs (Luxembourg), Ariel Software Solutions Pvt. Ltd. (India), and Microsoft (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.


Global Security Assertion Markup Language (SAML) Authentications Market, 2018–2026 (USD Billion)Global Security Assertion Markup Language (SAML) Authentications Market


Source: MRFR Analysis


Intended Audience



  • Value-Added Resellers (VARs)

  • Small and Large Organizations

  • Technology Consultants

  • Banking and Financial Institutions

  • Government Organizations

  • Investors and Venture Capitalists

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3.11 Billion
  CAGR   4.00%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Thales (France), Ping Identity (US), Amazon Web Services, Inc. (US), Okta (US), Oracle (US), miniOrange Inc. (US), Zoho Corp. (India), OneLogin, Inc. (US), SSO Easy (US), SAASPASS (US), Auth0 Inc. (US), BIO-key International (US), RCDevs (Luxembourg), Ariel Software Solutions Pvt. Ltd. (India), and Microsoft (US). The key strategies adopted by most of the players are partnerships, acquisitions, agreements, and collaborations.
  Key Market Opportunities   The security assertion markup language (SAML) authentication market is driven by the increase in the need for effective management of bulk identities and the rise in demand for a consistent and unified methodology to ensure the security of identities
  Key Market Drivers   The rising trend for BYOD is creating opportunities for SAML solutions and is expected to take the market growth to the next level.




Frequently Asked Questions (FAQ) :

Increased penetration of Internet and smartphones, alongside the spurring rise in the telecom industry and adoption of BYOD in organizations boost the growth of the SAML authentication market.

The lack of awareness regarding the availability of identification & authentication protocols to prevent unauthorized enterprise access is a major headwind restricting the growth of the SAML authentication.

The cloud-based deployment is the largest segment in the global SAML authentication market.

Ping Identity (US), Thales (France), Amazon Web Services, Inc. (US), Oracle (US), Okta (US), miniOrange Inc. (US), OneLogin, Inc. (US), Zoho Corp. (India), SSO Easy (US), Autho Inc. (US), SAASPASS (US), BIO-key International (US), Ariel Software Solutions Pvt. Ltd. (India), RCDevs (Luxembourg), and Microsoft (US), are some of the top players operating in the global SAML authentication market.

North America is expected to hold the highest market share in the global SAML authentication market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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