Global IDaaS Market Size to Reach USD 35.93 Billion in 2032 | Emergen Research

Increasing shift towards digital payments and rising demand for cloud-based security solutions are key factors driving market growth


Vancouver, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The global IDaaS market size reached USD 3.41 Billion in 2020 and is expected to register a CAGR of 21.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for digital payments is one of the key factors expected to continue to drive global IDaaS market revenue growth. In addition, increasing demand for cloud-based security solutions is expected to propel global IDaaS market revenue growth over the forecast period. Furthermore, rising investment on security solutions by government entities and enterprises is expected to boost growth of the market going ahead.

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However, complexities associated with application of identity as a service solution is expected to hamper growth of the global IDaaS market to a certain extent over the forecast period.

Scope of Research

Report DetailsOutcome
Market size in 2020USD 3.41 Billion
CAGR (2023–2032)21.7%
Revenue forecast in 2032USD 35.93 Billion
Base year for estimation2020
Historical data2018–2019
Forecast period2023–2032
Quantitative unitsRevenue in USD Billion and CAGR in % from 2023 to 2032
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredDeployment, Component, End-use, and Region
Regional scopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scopeU.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA
Key companies profiledGoogle LLC, Microsoft Corporation, Capgemini SE, Oracle Corporation, International Business Machines Corporation, Salesforce.com, Inc., Okta, Inc., OneLogin, Inc., Jumio Corporation, and JumpCloud, Inc.
Customization scope10 hours of free customization and expert consultation

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Major Companies and Competitive Landscape

The global IDaaS market is fairly fragmented, with a number of large and medium-sized players accounting for a major revenue share. Key players are deploying various strategies, entering into mergers and acquisitions, strategic agreements, and contracts, and adopting more advanced technologies in IDaaS. Some prominent players operating in the IDaaS market are:

  • Google LLC
  • Microsoft Corporation
  • Capgemini SE
  • Oracle Corporation
  • International Business Machines Corporation
  • Salesforce.com, Inc.
  • Okta, Inc.
  • OneLogin, Inc.
  • Jumio Corporation
  • JumpCloud, Inc.

Strategic Development

In March 2021, Auth0, Inc. was acquired by Okta, Inc. Through this acquisition Okta will strengthen its position in the identity as a service market.

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Some Key Highlights From the Report

  • Rising deployment of hybrid cloud-based IDaaS by end-users to get better support for remote workforce is driving revenue growth of the hybrid cloud segment, which is expected to register a significantly rapid CAGR over the forecast period.
  • Multifactor authentication segment is expected to register significant revenue growth over the forecast period due to increasingly stringent regulations and compliance for Internet banking.
  • Increasing adoption of IDaaS to increase productivity, ensure compliance, and decrease costs involved in managing IT infrastructure is driving growth of the BFSI segment, which is expected to register significant growth in terms of revenue during the forecast period.
  • Asia Pacific is expected to register fastest revenue growth rate during the forecast period due to rising adoption of cloud-based services across SMEs and large enterprise in countries in the region.
  • In July 2019, Google LLC announced an extension of the strategic partnership with Atos SE. According to the deal, both companies will offer identity management, access management, compliance, and administration services to clients across various ecosystems.

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Emergen Research has segmented the global IDaaS market on the basis of deployment, component, end-use, and region:

  • Deployment Outlook (Revenue, USD Billion; 2019–2032)
    • Private Cloud
    • Public Cloud
    • Hybrid Cloud
  • Component Outlook (Revenue, USD Billion; 2019–2032)
    • Password Management
    • Multifactor Authentication
    • Single Sign-On
    • Directory Services
    • Audit, Compliance & Governance
    • Provisioning
  • End-use Outlook (Revenue, USD Billion; 2019–2032)
    • Public Sector
    • Healthcare
    • IT & Telecom
    • BFSI
    • Education
    • Manufacturing
    • Energy & Utilities
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. BENELUX
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

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