IDaaS Market by Component (Provisioning, Single Sign-on, Advance Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), Deployment type, Verticals and Region – Global Forecast 2024 – 2029

SKU: GMS-1067

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OVERVIEW

The IDaaS Market is currently valued at USD 7 billion in 2024 and will be growing at a CAGR of 25% over the forecast period to reach an estimated USD 21.4 billion in revenue in 2029. The Identity as a Service (IDaaS) market is a dynamic sector within the broader realm of cloud computing, focusing on providing secure and seamless access to digital resources for individuals and organizations. IDaaS solutions offer a centralized platform for managing user identities, authentication, and access control across various applications and services, regardless of location or device. This market encompasses a range of offerings, from basic single sign-on (SSO) functionality to more advanced features such as multi-factor authentication (MFA), identity governance, and privileged access management (PAM). With the increasing adoption of cloud-based services and the growing importance of cybersecurity, the IDaaS market continues to expand, driven by the need for scalable, user-centric identity solutions that balance convenience with robust security measures.

The pervasive shift towards cloud-based services across industries necessitates robust identity and access management solutions. As organizations embrace digital transformation, the demand for scalable, flexible, and secure identity solutions increases, driving the adoption of IDaaS platforms. Secondly, the rising concerns over cybersecurity threats underscore the importance of implementing comprehensive identity management strategies. IDaaS offerings provide advanced authentication methods, such as multi-factor authentication (MFA) and adaptive access controls, to mitigate risks and safeguard sensitive data. Additionally, the proliferation of mobile devices and remote work arrangements accentuates the need for seamless and user-friendly access to applications and resources, further propelling the IDaaS market forward. Lastly, regulatory compliance requirements, such as GDPR and CCPA, compel organizations to implement robust identity governance and data protection measures, driving the adoption of IDaaS solutions that offer compliance features and audit capabilities. Together, these drivers contribute to the rapid expansion of the IDaaS market as organizations prioritize identity and access management to enhance security, compliance, and user experience.

Market Dynamics

Drivers:

The pervasive shift towards cloud-based services across industries necessitates robust identity and access management solutions. As organizations embrace digital transformation, the demand for scalable, flexible, and secure identity solutions increases, driving the adoption of IDaaS platforms. Secondly, the rising concerns over cybersecurity threats underscore the importance of implementing comprehensive identity management strategies. IDaaS offerings provide advanced authentication methods, such as multi-factor authentication (MFA) and adaptive access controls, to mitigate risks and safeguard sensitive data. Additionally, the proliferation of mobile devices and remote work arrangements accentuates the need for seamless and user-friendly access to applications and resources, further propelling the IDaaS market forward. Lastly, regulatory compliance requirements, such as GDPR and CCPA, compel organizations to implement robust identity governance and data protection measures, driving the adoption of IDaaS solutions that offer compliance features and audit capabilities. Together, these drivers contribute to the rapid expansion of the IDaaS market as organizations prioritize identity and access management to enhance security, compliance, and user experience.

Key Offerings:

Key offerings in the Identity as a Service (IDaaS) market include a range of features and functionalities designed to address the diverse identity management needs of organizations. These offerings typically encompass comprehensive identity and access management capabilities, such as single sign-on (SSO) for seamless user authentication across multiple applications and services. Additionally, IDaaS solutions often provide multi-factor authentication (MFA) to enhance security by requiring multiple forms of verification for user access. Identity governance features enable organizations to establish and enforce access policies, manage user roles and entitlements, and ensure compliance with regulatory requirements. Privileged access management (PAM) functionality allows organizations to safeguard critical resources by controlling and monitoring privileged user access. Furthermore, identity lifecycle management features facilitate the efficient onboarding, provisioning, and deprovisioning of user accounts throughout their lifecycle. Advanced analytics and reporting capabilities enable organizations to gain insights into user behavior, detect anomalies, and strengthen security posture.

Restraints :

The Identity as a Service (IDaaS) market is constrained in a number of ways, despite its expansion. The complexity of integrating IDaaS solutions with legacy systems and current IT infrastructure is a major obstacle, especially in large organisations with heterogeneous technology stacks. Adoption and scalability may be hampered by this time-consuming, expensive, and disruptive integration procedure. Furthermore, worries about data security and privacy are still common, particularly in light of the centralization of sensitive data and user identities on cloud-based services. In order to reduce the risks connected with data breaches and unauthorised access, organisations need to ensure that they are in compliance with regulatory standards and implement strong security measures. Additionally, cooperation and compatibility across ecosystems are hampered by the lack of standard authentication protocols and interoperability between various IDaaS platforms, which limits flexibility and interoperability. Lastly, users and IDaaS providers face constant problems due to the sophistication of assaults and the constant evolution of cybersecurity risks, which calls for constant innovation and investment in cutting-edge security solutions. In order to fully realise the potential of IDaaS solutions, these constraints highlight the significance of tackling integration challenges, improving data privacy and security, fostering interoperability, and staying ahead of emerging risks.

Regional Information:

• North America, the IDaaS market experiences robust growth driven by the region’s strong emphasis on cybersecurity measures, widespread adoption of cloud computing, and stringent regulatory requirements. The United States, in particular, dominates the market due to its large-scale enterprises and tech-savvy businesses seeking efficient identity management solutions. Moreover, the presence of major IDaaS providers and a mature IT infrastructure further accelerates market expansion. In Europe, IDaaS adoption is propelled by stringent data protection regulations like GDPR, fostering a heightened awareness of identity management and access control.

Countries in Europe  such as the United Kingdom, Germany, and France lead the European market, supported by their advanced technological infrastructure and proactive approach to cybersecurity.

• Asia-Pacific region, rapid digitization, increasing cloud adoption, and a burgeoning startup ecosystem drive significant growth in the IDaaS market. Countries like China, Japan, and India are key contributors to the region’s expansion, buoyed by their large populations, growing economies, and rising investments in cybersecurity solutions.

Recent Developments:

In September 2023, Eviden, a security industry leader inside the Atos Group, announced a partnership with HID Global. Through the agreement, businesses employing HID technology for logical and physical access control aims to use Eviden’s Identity and Access Management suite to access their digital assets.

• In May 2023, Ping Identity launched PingOne Protect, a new fraud detection and risk management service. By integrating Identity and Access Management (IAM) with comprehensive, intelligence-based fraud detection across the entire user experience, PingOne Protect adopts a distinctive strategy for threat protection.

Key Players:

 

Okta, Microsoft, IBM, Salesforce.com, Ping Identity, OneLogin, ForgeRock, Oracle, Auth0, and Centrify.

Frequently Asked Questions

1) What is the projected market value of the IDaaS Market?

– The IDaaS Market is expected to reach an estimated value of USD 21.4 billion in revenue by 2029. 

2) What is the estimated CAGR of the IDaaS Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 25% for the IDaaS Market over the 2024 to 2029.

3) Who are the key players in the IDaaS Market?

– Okta, Microsoft, IBM, Salesforce.com, Ping Identity, OneLogin, ForgeRock, Oracle, Auth0, and Centrify.

4) What are the drivers for the IDaaS Market?

– The rise of cloud-based services and increasing cybersecurity concerns have driven the adoption of Identity and Access Management (IDaaS) platforms. Advanced authentication methods, user-friendly access to applications, and regulatory compliance requirements like GDPR and CCPA have further fueled the market’s growth. These factors contribute to the need for robust identity and access management solutions to enhance security, compliance, and user experience.

5) What are the restraints and challenges in the IDaaS Market?

– The Identity as a Service (IDaaS) market faces challenges such as integrating with existing IT infrastructure, addressing data privacy and security concerns, and ensuring interoperability. The lack of standardized authentication protocols and cybersecurity threats also limit collaboration. Addressing these challenges is crucial for maximizing the potential of IDaaS solutions, promoting interoperability, and staying ahead of emerging threats.

6) What are the key applications and offerings of the IDaaS Market?

– Identity as a Service (IDaaS) offers various features to manage organizations’ identities, including single sign-on, multi-factor authentication, identity governance, privileged access management, identity lifecycle management, and advanced analytics. These solutions provide comprehensive identity and access management, enabling organizations to manage user roles, entitlements, regulatory compliance, and safeguard critical resources.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The IDaaS Market is currently valued at USD 7 billion in 2024 and will be growing at a CAGR of 25% over the forecast period to reach an estimated USD 21.4 billion in revenue in 2029. The Identity as a Service (IDaaS) market is a dynamic sector within the broader realm of cloud computing, focusing on providing secure and seamless access to digital resources for individuals and organizations. IDaaS solutions offer a centralized platform for managing user identities, authentication, and access control across various applications and services, regardless of location or device. This market encompasses a range of offerings, from basic single sign-on (SSO) functionality to more advanced features such as multi-factor authentication (MFA), identity governance, and privileged access management (PAM). With the increasing adoption of cloud-based services and the growing importance of cybersecurity, the IDaaS market continues to expand, driven by the need for scalable, user-centric identity solutions that balance convenience with robust security measures.

The pervasive shift towards cloud-based services across industries necessitates robust identity and access management solutions. As organizations embrace digital transformation, the demand for scalable, flexible, and secure identity solutions increases, driving the adoption of IDaaS platforms. Secondly, the rising concerns over cybersecurity threats underscore the importance of implementing comprehensive identity management strategies. IDaaS offerings provide advanced authentication methods, such as multi-factor authentication (MFA) and adaptive access controls, to mitigate risks and safeguard sensitive data. Additionally, the proliferation of mobile devices and remote work arrangements accentuates the need for seamless and user-friendly access to applications and resources, further propelling the IDaaS market forward. Lastly, regulatory compliance requirements, such as GDPR and CCPA, compel organizations to implement robust identity governance and data protection measures, driving the adoption of IDaaS solutions that offer compliance features and audit capabilities. Together, these drivers contribute to the rapid expansion of the IDaaS market as organizations prioritize identity and access management to enhance security, compliance, and user experience.

Market Dynamics

Drivers:

The pervasive shift towards cloud-based services across industries necessitates robust identity and access management solutions. As organizations embrace digital transformation, the demand for scalable, flexible, and secure identity solutions increases, driving the adoption of IDaaS platforms. Secondly, the rising concerns over cybersecurity threats underscore the importance of implementing comprehensive identity management strategies. IDaaS offerings provide advanced authentication methods, such as multi-factor authentication (MFA) and adaptive access controls, to mitigate risks and safeguard sensitive data. Additionally, the proliferation of mobile devices and remote work arrangements accentuates the need for seamless and user-friendly access to applications and resources, further propelling the IDaaS market forward. Lastly, regulatory compliance requirements, such as GDPR and CCPA, compel organizations to implement robust identity governance and data protection measures, driving the adoption of IDaaS solutions that offer compliance features and audit capabilities. Together, these drivers contribute to the rapid expansion of the IDaaS market as organizations prioritize identity and access management to enhance security, compliance, and user experience.

Key Offerings:

Key offerings in the Identity as a Service (IDaaS) market include a range of features and functionalities designed to address the diverse identity management needs of organizations. These offerings typically encompass comprehensive identity and access management capabilities, such as single sign-on (SSO) for seamless user authentication across multiple applications and services. Additionally, IDaaS solutions often provide multi-factor authentication (MFA) to enhance security by requiring multiple forms of verification for user access. Identity governance features enable organizations to establish and enforce access policies, manage user roles and entitlements, and ensure compliance with regulatory requirements. Privileged access management (PAM) functionality allows organizations to safeguard critical resources by controlling and monitoring privileged user access. Furthermore, identity lifecycle management features facilitate the efficient onboarding, provisioning, and deprovisioning of user accounts throughout their lifecycle. Advanced analytics and reporting capabilities enable organizations to gain insights into user behavior, detect anomalies, and strengthen security posture.

Restraints :

The Identity as a Service (IDaaS) market is constrained in a number of ways, despite its expansion. The complexity of integrating IDaaS solutions with legacy systems and current IT infrastructure is a major obstacle, especially in large organisations with heterogeneous technology stacks. Adoption and scalability may be hampered by this time-consuming, expensive, and disruptive integration procedure. Furthermore, worries about data security and privacy are still common, particularly in light of the centralization of sensitive data and user identities on cloud-based services. In order to reduce the risks connected with data breaches and unauthorised access, organisations need to ensure that they are in compliance with regulatory standards and implement strong security measures. Additionally, cooperation and compatibility across ecosystems are hampered by the lack of standard authentication protocols and interoperability between various IDaaS platforms, which limits flexibility and interoperability. Lastly, users and IDaaS providers face constant problems due to the sophistication of assaults and the constant evolution of cybersecurity risks, which calls for constant innovation and investment in cutting-edge security solutions. In order to fully realise the potential of IDaaS solutions, these constraints highlight the significance of tackling integration challenges, improving data privacy and security, fostering interoperability, and staying ahead of emerging risks.

Regional Information:

• North America, the IDaaS market experiences robust growth driven by the region’s strong emphasis on cybersecurity measures, widespread adoption of cloud computing, and stringent regulatory requirements. The United States, in particular, dominates the market due to its large-scale enterprises and tech-savvy businesses seeking efficient identity management solutions. Moreover, the presence of major IDaaS providers and a mature IT infrastructure further accelerates market expansion. In Europe, IDaaS adoption is propelled by stringent data protection regulations like GDPR, fostering a heightened awareness of identity management and access control.

Countries in Europe  such as the United Kingdom, Germany, and France lead the European market, supported by their advanced technological infrastructure and proactive approach to cybersecurity.

• Asia-Pacific region, rapid digitization, increasing cloud adoption, and a burgeoning startup ecosystem drive significant growth in the IDaaS market. Countries like China, Japan, and India are key contributors to the region’s expansion, buoyed by their large populations, growing economies, and rising investments in cybersecurity solutions.

Recent Developments:

In September 2023, Eviden, a security industry leader inside the Atos Group, announced a partnership with HID Global. Through the agreement, businesses employing HID technology for logical and physical access control aims to use Eviden’s Identity and Access Management suite to access their digital assets.

• In May 2023, Ping Identity launched PingOne Protect, a new fraud detection and risk management service. By integrating Identity and Access Management (IAM) with comprehensive, intelligence-based fraud detection across the entire user experience, PingOne Protect adopts a distinctive strategy for threat protection.

Key Players:

 

Okta, Microsoft, IBM, Salesforce.com, Ping Identity, OneLogin, ForgeRock, Oracle, Auth0, and Centrify.

Frequently Asked Questions

1) What is the projected market value of the IDaaS Market?

– The IDaaS Market is expected to reach an estimated value of USD 21.4 billion in revenue by 2029. 

2) What is the estimated CAGR of the IDaaS Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 25% for the IDaaS Market over the 2024 to 2029.

3) Who are the key players in the IDaaS Market?

– Okta, Microsoft, IBM, Salesforce.com, Ping Identity, OneLogin, ForgeRock, Oracle, Auth0, and Centrify.

4) What are the drivers for the IDaaS Market?

– The rise of cloud-based services and increasing cybersecurity concerns have driven the adoption of Identity and Access Management (IDaaS) platforms. Advanced authentication methods, user-friendly access to applications, and regulatory compliance requirements like GDPR and CCPA have further fueled the market’s growth. These factors contribute to the need for robust identity and access management solutions to enhance security, compliance, and user experience.

5) What are the restraints and challenges in the IDaaS Market?

– The Identity as a Service (IDaaS) market faces challenges such as integrating with existing IT infrastructure, addressing data privacy and security concerns, and ensuring interoperability. The lack of standardized authentication protocols and cybersecurity threats also limit collaboration. Addressing these challenges is crucial for maximizing the potential of IDaaS solutions, promoting interoperability, and staying ahead of emerging threats.

6) What are the key applications and offerings of the IDaaS Market?

– Identity as a Service (IDaaS) offers various features to manage organizations’ identities, including single sign-on, multi-factor authentication, identity governance, privileged access management, identity lifecycle management, and advanced analytics. These solutions provide comprehensive identity and access management, enabling organizations to manage user roles, entitlements, regulatory compliance, and safeguard critical resources.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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