IDaaS Market Size in 2023 To 2029 | Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US)

The research study on the Global IDaaS Market offers a detailed outline of the factors influencing the worldwide business scope. The IDaaS Market research report shows new market insights, current situation examination with upcoming trends, and breakdown of the products and services. The report provides key statistics on the IDaaS market status, size, share, and growth factors. The study involves emerging players' information, also including the competitive landscape, sales, revenue, and global market share of top manufacturers. Maintain a competitive approach by sizing up available business opportunities in the Global IDaaS Market across various segments and emerging regions. Market trends, drivers, and opportunities are also mentioned in the report.

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Major vendors in the global IDaaS market include Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US). The study includes an in-depth competitive analysis of the key players in the IDaaS market, their company profiles, recent developments, and key market strategies.

The report delivers data sources and methodologies. All primary sources were examined to gather and authenticate qualitative & quantitative information and determine future prospects. The key sources involve industry experts from the international IDaaS market, including management organizations, processing organizations, and analytics service providers within the industry's value chain. The extensive primary research process assumed for this report was considered to obtain and verify both qualitative and quantitative aspects of this research study. The Global IDaaS Market sections and Market Data Breakdown are explained in the report. Finally, the IDaaS Market is a valuable source of guidance for individuals and companies in the decision framework.

The IDaaS Market is divided by Type, by Profiles, by Application, by region, and by End user. The precise and revolutionary data provided through this report helps organizations become aware of the types of customers, client outlook, their purchasing aims, buyer's demands and preferences, and their different tastes regarding the products already available in the IDaaS market report. It also highlights top-rated market insights by monitoring market share, developments, and size with comprehensive information. Keep yourself updated with the latest market trends and changing dynamics due to COVID Impact and Economic strikes globally. Along with that, the report explains the major challenges and risks to face in the upcoming future. Additionally, the report provides a profound insight into key players' performance based on revenue generation and customer requirements. Moreover, the research report reveals market features of growth, incorporation characteristics, breakdown, and governance.

"The growth potential of the IDaaS market is fueled by Government initiatives and regulations supporting digital identity transformation."

The global IDaaS market size is projected to grow from USD 7.0 billion in 2023 to USD 21.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. The IDaaS market is propelled by key factors shaping its growth trajectory. These include government regulations, the need for compliance, and the rise in identity and authentication fraud. Furthermore, ownership and privacy challenges may hinder market growth.

"By vertical, BFSI holds the largest market size."

The BFSI vertical focuses on understanding digital consumer behavior, preferences, and choices through customer-centric business applications. Financial institutions have to protect sensitive customer data and digital identities from unauthorized access. The number of digital transformations is increasing, resulting in increased fraud and identity theft incidents. The IDaaS solutions offer comprehensive insights about customers of BFSI organizations, which help deliver a unified experience. These solutions also help the BFSI vertical deliver robust security, secure identities, and manage regulatory compliances. Due to these benefits, IDaaS solutions are gaining more popularity in the BFSI vertical. These solutions are contributing to improving the customer's trust in digital identities.

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Key Benefits of Buying the Report

The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue numbers for the overall IDaaS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Research Coverage

The report segments the IDaaS market and forecasts its size by Component (Provisioning, Single Sign-on, Advanced Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), by Deployment type (Public Cloud, Private Cloud, Hybrid Cloud), by Vertical (BFSI, IT and ITeS, Energy and Utilities, Government, Manufacturing, Healthcare, Telecommunication, Other Verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

This release was published on openPR.