Identity as a Service Market May See Big Move | Okta, IDaptive, LLC, Ping Identity

The Global Identity as a Service market was valued at USD 4.8 Million in 2023 and is expected to reach USD 16.58 Million by 2028, growing at a CAGR of 22.95 % during 2023-2028.

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#definition:

IDaaS has a wide range of potential uses. One such application is adaptive multi-factor authentication. In order to access the network, users must provide multiple authentication factors. This feature improves security over single-factor authentication, and access is given based on the level of risk each user poses. Single sign-on is a different application. Through a single sign-on at the network perimeter, users are able to access all areas of the company's constellation of programmes and resources that are permitted.

HTF Market Intelligence published a new research document of 150+pages on “Identity as a Service Market Insights, to 2028" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Identity as a Service market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.

Some of the key players profiled in the study are Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States), CA Technologies (United States), SailPoint Technologies (United States), Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States), Salesforce (United States).

Market Trends:

·Surge in the adoption of IDaaS solutions across enterprises due to the rise of cloud computing and mobile applications.

·Evolution of IDaaS to encompass more sophisticated functions, including multi-factor authentication, biometric verification, and artificial intelligence-driven security.

·Integration of IDaaS with other enterprise software platforms for seamless user access and security management.

Market Drivers:

·Increasingly complex IT environments with distributed devices and applications, necessitating centralized identity management solutions.

·Escalating cybersecurity threats and breaches, prompting businesses to prioritize robust identity and access management (IAM) solutions.

·Shift towards remote work and the need for secure access to enterprise resources from any location.

Market Opportunities:

·Enhancement of IDaaS platforms with advanced technologies like machine learning to predict and mitigate security threats.

·Expansion of IDaaS solutions tailored for specific industries or regulatory environments, ensuring compliance and specialized security needs.

·Collaboration between IDaaS providers and cybersecurity firms to create comprehensive security suites that address multiple enterprise threats.

Market Challenges:

·Ensuring the scalability and flexibility of IDaaS solutions to cater to the growing and changing needs of businesses.

·Maintaining a balance between user convenience and security, avoiding overly restrictive measures that hamper productivity.

·Keeping IDaaS platforms updated in real-time to counteract emerging security threats and vulnerabilities.

The titled segments and sub-section of the market are illuminated below:

The Study Explore the Product Types of Identity as a Service Market: Public Cloud, Private Cloud, Hybrid Cloud.

Key Applications/end-users of Identity as a Service Market: BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Public Sector, Other.

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With this report you will learn:

·        Who the leading players are in Identity as a Service Market?

·        What you should look for in a Identity as a Service

·        What trends are driving the Market

·        About the changing market behaviour over time with strategic view point to examine competition

Also included in the study are profiles of 15 Identity as a Service vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.

List of players profiled in this report: Okta, Inc. (United States), IDaptive, LLC (United States), Ping Identity (United States), OneLogin (United States), CA Technologies (United States), SailPoint Technologies (United States), Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), Google (United States), Salesforce (United States).

Who should get most benefit from this report insights?

·        Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Identity as a Service

·        Marketers and agencies doing their due diligence in selecting a Identity as a Service for large and enterprise level organizations

·        Analysts and vendors looking for current intelligence about this dynamic marketplace.

·        Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.

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Quick Snapshot and Extracts from TOC of Latest Edition

Overview of Identity as a Service Market

Identity as a Service Size (Sales Volume) Comparison by Type (2023-2028)

Identity as a Service Size (Consumption) and Market Share Comparison by Application (2023-2028)

Identity as a Service Size (Value) Comparison by Region (2023-2028)

Identity as a Service Sales, Revenue and Growth Rate (2023-2028)

Identity as a Service Competitive Situation and Current Scenario Analysis

Strategic proposal for estimating sizing of core business segments

Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type

Analyse competitors, including all important parameters of Identity as a Service

Identity as a Service Manufacturing Cost Analysis

Latest innovative headway and supply chain pattern mapping of leading and merging industry players

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