Kenneth Research published a report titled “Identity-As-A-Service Market: Global Demand Analysis Opportunity Outlook 2033” which delivers detailed overview of the global identity-as-a-service market in terms of market segmentation by component type, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The global identity-as-a-service market market is estimated to grow at a CAGR of ~25 % over the forecast period, i.e., 2022-2031. The market is segmented by end-user into BFSI, IT telecom, education, healthcare, and manufacturing. Among these, the BFSI segment is anticipated to hold the largest share over the forecast period owing to the rising adoption of identity management solutions for securing the transactions.

Increase in the mobile users is anticipated to increase the growth of the global identity-as-a-service market. Moreover, rising digital transformation is further expected to surge the growth of the market.

Geographically, the global identity-as-a-service market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Out of them, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of rising demand for security breach solutions, and increasing shift towards cloud technology.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Rising Number of Cyberattacks to Drive the Growth of the Market

Cyberattacks cost nearly one trillion to the global economy

There has been a high adoption of IDaaS across the globe followed by the rising number of cyberattacks. Moreover, it provides the service through preventing unauthorized users gaining access to confidential files. Therefore, it is expected to increase the growth of the global identity-as-a-service market.

However, complexity in the IDaaS process, high cost for the deployment of the system, and lack of technical expertise are expected to operate as key restraint to the growth of global identity-as-a-service market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global identity-as-a-service market which includes company profiling of are Quest Software Inc.(OneLogin, Inc.,), Delinea (Centrify Corporation and Thycotic Software, ThycoticCentrify), Ping Identity Corp., Capegemini SE, Broadcom Inc. (CA Technologies) Centrify Corporation, Google LLC, HCL Technologies Limited, Exostar LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global identity-as-a-service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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