Rising Online Sales will Contribute to Single Sign-on Market Growth By 2025

Single sign-on is a session or user authentication method that allows a user to enter one user name and secure password for accessing several applications. Single sign-on (SSO) facilities are gaining populated among the corporate to minimize the IT supervisor’s overhead by reducing occurrences of password loss.

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Thus, the acceptance of single sign-on (SSO) is growing in industry application, which is the one of the important factors of the global Single Sign- On market in coming years. Additionally, single sign-off (SSO) provides single action of signing out dismisses access to several software systems. Therefore, the Single Sign-On (SSO) market is projected to witness a steady growth during the projection period from 2017 to 2025.

Global Single Sign-On (SSO) market has been bifurcated on the basis of type, deployment mode, organization size, end use industry and geography. On the basis of type, global Single Sign-On (SSO) market has been segregated into enterprise single sign-on, federated and web-based single sign-on and windows integrated single sign-on. Enterprise single sign-on allows organization to streamline both enterprise-wide administration and end-user management of single sign-on. Across the globe, increasing demand for enterprise single sign-on in order to maintain enterprise application is one of the prime factors predicted to drive the demand of Single Sign-On (SSO) market during the forecast period from 2017 to 2025.Additionally, Single Sign-On (SSO) market has been segmented on the basis of cloud and on premises. Among others deployment types, various enterprises are now focusing on cloud-based single sign- on as it reduces the management efforts, less capital investment for installation and lower maintenance and operational costs among others. Hence, it is expected to increase the dominance and growing at the highest CAGR rate during the forecast period. Moreover, rapidly growing demand of flexible enterprise solution across the globe in order to increase the efficiency of B2B communication is also expected to drive the market growth at an exponential rate in the coming years. On the basis of organization size the market is again segmented into small, medium and large organization.

Presently, large organization segment dominated the Single Sign-on market among other organization and is expected to maintain its dominance in coming years. The advent of mobile, social media and cloud solution is driving the demand of the Global Single Sign-On (SSO) market for large enterprises. Alternatively, the small organization segment is anticipated to have the highest CAGR due to various SMEs vendors are proposing attractive smart packages to the consumer that fits their business needs. On the basis of end use industry, global Single Sign-On (SSO) market has been bifurcated into Banking, Financial services and Insurance (BFSI), IT & telecom, retail, education, communications media & services, healthcare & life sciences, travel & hospitality among others. Among the segment, the Banking, Financial services and Insurance (BFSI) segment has the major market share in the overall Single Sign-on market. Communications services and education segment is anticipated to reflect the highest growth rate during in coming years. On the flip side, security risks associated with single sign- on are hindering the growth of this product market.

Geographically, global Single Sign- on market has been segmented into North America, Europe, Asia Pacific, Middle- East and Africa and Latin America. In terms of revenue it is expected that North America is expected to witness a steady growth during the forecast period. Presence of large number of single sign- on vendors in this region coupled with rising demand of single sign- on for medium and large enterprises is one of the major factors behind this region’s dominance. Asia Pacific is estimated to account for the fastest growing market of the single sign-on market in coming years due to the implementation of single sign-on solutions across BFSI, medical, telecommunication and education among other industries in this region.

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The Single Sign- on market is characterized by the presence of large number of key players in the market. The key companies operating in the Single Sign- on market are Oracle Corporation (U.S.), IBM Corporation (U.S.), CA Technologies (U.S.), Dell Software (U.S.), OKTA, Inc. (U.S.), Ping Identity Corporation (U.S.), One Login, Inc. (U.S.),SailPoint Technologies, Inc. (U.S.), NetIQ Corporation (U.S.) and Centrify Corporation (U.S.) among others.

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