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Identity as a Service Market Trends

Report ID: GMI7682
Published Date: Dec 2023
Report Format: PDF

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Identity as a Service Market Trends

The IDaaS industry could see a growing emphasis on continuous authentication as a trend. Rather than relying solely on traditional authentication methods, continuous authentication involves ongoing verification of a user's identity throughout a session. This approach enhances security by dynamically adapting to user behavior and changes in risk, providing a more robust defense against unauthorized access.

The integration of AI and ML technologies into IDaaS solutions is expected to become more prominent. These technologies can analyze patterns, detect anomalies, and provide insights into user behavior. By leveraging AI and ML for identity and access management, organizations can enhance threat detection, automate responses to security incidents, and improve the overall efficiency of their identity management processes.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of identity as a service reached USD 7.2 billion in 2023 and is set to grow at 24% CAGR from 2024 to 2032, due to the growing adoption of cloud services across various industries worldwide.

The large enterprises segment held over 65% of the market share in 2023, owing to the pressing need for secure and efficient identity management solutions in the current dynamic digital landscape.

North America market accounted for 35% revenue share in 2023, attributed to the presence of a robust technological infrastructure and early adoption of cloud technologies in the region.

Capgemini, ForgeRock, Inc., Google LLC, IBM Corporation, Microsoft Corporation, Okta, Inc., OneLogin, Inc., Oracle Corporation, Ping Identity Corporation, SailPoint Technologies, Inc., Salesforce Inc., and Thales Group are some of the major identity as a service companies worldwide.