The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising number of cyberattacks is expected to fuel innovation in identity as a service manufacturing, propelling the market during the forecast period.

The global identity as a service market is expected to grow from $4.88 billion in 2022 to $6.08 billion in 2023 at a compound annual growth rate (CAGR) of 24.73%. The identity as a service market is expected to reach $13.54 billion in 2027 at a CAGR of 22.16%.

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Global Identity As A Service Market Segments Include:

• By Access: Single Sign-On, Multi-Factor Authentication, Compliance Management, Directory Services, Other Access
• By Deployment Type: Public, Private, Hybrid
• By Component Type: Solutions, Services
• By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
• 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
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global identity as a service market in 2021.

Major Market Players in the identity as a service market include CA Technologies Inc., Centrify Corp., ILANTUS Technologies, iWelcome, JumpCloud Inc., Okta, Inc., OneLogin Inc., Salesforce.com, Exostar Llc, Microsoft Corporation, Oracle Corporation, IBM Corporation.

Technological progress is a key trend that is gaining traction in the identity as a service market. The market’s major players are developing technologically advanced products that make use of artificial intelligence and machine learning. Machine learning is a subset of artificial intelligence that enables machines to mimic and even outperform human mental abilities. For example, In September 2021, ForgeRock, a multinational identity and access management software company based in the United States, will launch ForgeRock Autonomous Identity. ForgeRock Autonomous Identity is the company’s AI-powered identity governance and administration (IGA) strategy, which provides additional capabilities to help teams improve security. It reduces enterprise risk by identifying patterns of role-based access across the entire organisation and recommending optimised role structures using artificial intelligence (AI) and machine learning. Its goal is to help businesses reduce risk and effectively manage workforce access.

The Identity As A Service Global Market Report 2023  provides a identity as a service market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The identity as a service market forecast analyzes identity as a service market size, identity as a service market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Identity as a service is a subscription-based cloud model for identity and access management in which identity and access services are delivered over the internet rather than hosted on-premises by a third-party provider. Identity as a service enables users to connect to and use cloud-based identity management services.

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