Identity as a Service Market Share, Trends, Growth Forecast to 2027 Lead By CA Technologies, Capgemini, Google, HCL, IBM, JumpCloud, Microsoft

Identity as a service is most prevalent in organizations because it is more feasible in terms of management and cost. Increasing adoption of IoT and the explosion of the number of IoT based solutions triggered the growth of the identity as a service market. The number of industry verticals such as education, BSFI, IT and telecom, retails business, and others are adopting the digital enterprise models that drive the growth of the identity as a service market.

The report aims to provide an overview of identity as a service market with detailed market segmentation by component, deployment type, enterprise size, industry vertical, and geography. The global identity as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading identity as a service market players and offers key trends and opportunities in the identity as a service market.

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Top Companies Profiled in This Report: CA Technologies, Capgemini, Google, HCL, IBM, JumpCloud, Microsoft, Onelogin, Oracle, Ping Identity

The data protection laws and growing demand for cloud-based security solutions and services are the major factors driving the growth of identity as a service market. The identity as a service is a cloud-based solution for identity and access management. These methods allow all the users, such as customers, employees, and third parties, to more securely access sensitive information both on and off-premises. This type of authentication adopts by the large and medium-sized enterprises that drive the demand for the identity as a service market. Increasing penetration of cloud computing in the IT and telecom sector is a rising demand for more efficient identity management service for securing their clouds. This factor propels the growth of identity as a service market.

The global identity as a service market is segmented on the basis of component, deployment type, enterprise size, industry vertical. On the basis of component the market is segmented as provisioning, single sign-on, advanced authentication, directory services, password management. On the basis of deployment type the market is segmented as public cloud, private cloud, hybrid cloud. On the basis of enterprise size the market is segmented as large enterprises, small and medium-size enterprises. On the basis of industry vertical the market is segmented as BFSI, education, energy and utilities, healthcare, IT and telecom, retail and consumer goods, others.

The report analyzes factors affecting identity as a service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the identity as a service market in these regions. The reports cover key developments in the identity as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from identity as a service are anticipated to lucrative growth opportunities in the future with the rising demand for identity as a service in the global market.

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