Global Identity As A Service Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Identity As A Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Identity As A Service Market Size and Projected Growth Rate?
The market size for identity as a service has seen a considerable expansion in recent times. The market is projected to rise from $7.06 billion in 2024 to $8.48 billion in 2025, with a compound annual growth rate (CAGR) of 20.2%. The historical growth in this market can be traced back to factors such as the widespread usage of mobile devices, regulatory compliance demands, initiatives taken towards digital transformation, user experience and convenience, challenges faced by remote workforces, the rising trend of social media logins, plans for business continuity, and the adoption of a bring your own device policy.

In the upcoming years, the identity as a service market is projected to witness a steep rise in its size, growing up to $20.46 billion by 2029 with a compound annual growth rate (CAGR) of 24.6%. This growth during the forecast period can be attributed to an increased number of cyberattacks, the rise in the usage of zero trust security models, the advent of decentralized identity, improved threat detection and analytics, globalization, and management of cross-border identities, along with continuous authentication practices. Some of the significant trends during this forecast period include multi-factor authentication (MFA), consumer identity, and access management, blockchain use for identity verification, password-less authentication, enhanced API security, increased utilization of machine learning and AI, along with quantum-safe authentication.

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What Are the Major Segments in the Identity As A Service Market?
The identity as a service market covered in this report is segmented -

1) By Component Type: Solutions, Services
2) By Access: Single Sign-On, Multi-Factor Authentication, Compliance Management, Directory Services, Other Access
2) By Deployment Type: Public, Private, Hybrid
4) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By End-User: Government, Retail And Consumer Electronics, Transportation And Logistics, Media And Entertainment, IT And Telecommunication, BFSI, Energy And Utility, Healthcare, Automotive, Other End Users

Subsegments:
1) By Solutions: Identity Governance And Administration, Access Management, User Provisioning, Single Sign-On (SSO), Multi-Factor Authentication (MFA), Directory Services
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services

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What Are The Driving Identity As A Service Market Evolution?
The rise in cyberattacks is anticipated to boost the market for identity as a service. Cyberattacks encompass any efforts to gain unauthorized access to a computer, computer system, or computer network with the intent to inflict damage. Despite cyberattacks becoming progressively sophisticated, the bulk of businesses are stressed by significant security worries. Cybercriminals are likely to target firms that fail to provide adequate protection for client information and company data. The need for a solid identity solution is driving organizations to invest in identity confirmation systems. Since credentials remain a primary target for cybercriminals, identification needs to be the cornerstone of modern security, thereby encouraging market growth. As an example, Forbes, a U.S.-based business publication, reported in June 2022 that the average frequency of data breaches and cyberattacks increased by 15.1% in 2021 compared to the year before. As such, the escalating number of cyberattacks is propelling the growth of the identity as a service market.

Which Firms Dominate The Identity As A Service Market Segments?
Major companies operating in the identity as a service market are Centrify Corp., ILANTUS Technologies, iWelcome, JumpCloud Inc., Okta Inc., Salesforce.com Inc., Exostar LLC, Microsoft Corporation, Oracle Corporation, International Business Machines Corporation (IBM), Ping Identity Corporation, Google LLC, SailPoint Technologies Inc., Auth0 Inc., HCL Technologies Limited, Connectis LLC, SecureAuth Corporation, Avatier Corporation, Bitglass Inc., EmpowerID Inc.

What Trends Are Expected to Dominate the Identity As A Service Market in the Next 5 Years?
The emergence of advanced technology is a leading trend gaining momentum in the identity as a service sector. In order to retain their market stand, primary competitors are developing high-tech products. For instance, in December 2022, a US-based firm focused on cloud infrastructure consulting and deployment, CloudIBN, rolled out its Identity and Access Management (IAM) solution. This all-inclusive IAM service is designed to efficiently oversee user access control throughout the entire enterprise, whilst keeping data secured. CloudIBN's IAM services are tailored to match with industry-specific compliance norms, ensuring that businesses conform to necessary regulations. The firm's aim is to offer solutions that smoothly merge with current operations, reducing any possible disruptions. Capitalizing on its proficiency in large-scale deployments across diverse sectors like finance and healthcare, CloudIBN guarantees that firms can manage their digital resources securely from afar.

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Which Is The Largest Region In The Identity As A Service Market?
North America was the largest region in the identity as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global identity as a service market share during the forecast period. The regions covered in the identity as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Identity As A Service Market?
2. What is the CAGR expected in the Identity As A Service Market?
3. What Are the Key Innovations Transforming the Identity As A Service Industry?
4. Which Region Is Leading the Identity As A Service Market?

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