Identity
as a Service market (IDaaS) is a
cloud-based solution that enables organizations to manage and secure their
digital identities. IDaaS provides a centralized platform for managing user
identities, access, and authentication, which helps organizations to improve
security and compliance while also streamlining the user experience. The IDaaS
market has seen significant growth in recent years, driven by the increasing
adoption of cloud-based solutions, the need for improved security and
compliance, and the rise of remote work. IDaaS solutions are highly scalable,
flexible, and cost-effective, making them a popular choice for organizations of
all sizes.
The market is highly competitive, with a large number of
players offering a range of solutions for small, medium, and large enterprises.
The integration of artificial intelligence and other cutting-edge technologies
is expected to drive further growth in the IDaaS market in the coming years.
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Identity as a Service
(IDaaS) provides a number of benefits to organizations, including:
Improved Security:
IDaaS solutions provide centralized management and control over digital
identities, enabling organizations to enforce strong security policies and
improve overall security.
Streamlined User Experience:
IDaaS solutions provide a single sign-on experience, allowing users to access
multiple applications with a single set of credentials, reducing the need to
remember multiple usernames and passwords.
Increased Compliance:
IDaaS solutions enable organizations to comply with various security and
privacy regulations, such as GDPR and HIPAA, by providing centralized
management and control over user data.
Increased
Productivity: IDaaS solutions streamline the authentication and
authorization process, reducing the time and effort required for users to
access the applications they need, improving overall productivity.
Scalability and
Flexibility: IDaaS solutions are cloud-based, allowing for greater
scalability and flexibility, enabling organizations to adjust to changes in
user demand and technology requirements.
Cost-Effective:
IDaaS solutions are typically more cost-effective than traditional on-premise
identity management solutions, as they eliminate the need for expensive
hardware, software, and maintenance costs.
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List of Key Companies
Profiled:
·
Ping Identity Corporation (Colorado, U.S.)
·
OneLogin Inc. (California, U.S.)
·
Atos SE (Bezons, France)
·
Microsoft Corporation (Washington, U.S.)
·
Oracle Corporation (Texas, U.S.)
·
Salesforce Inc. (California, U.S.)
·
Google LLC (California, U.S.)
·
CA Technologies, Inc. (California, U.S.)
·
SailPoint Technologies Inc. (Texas, U.S.)
·
IBM Corporation (New York, U.S.)
Regional Analysis:
The five regions of North America, Europe, Asia Pacific, the
Middle East & Africa, and South America make up the scope of the global
identity as a service market.
In 2021, North America is anticipated to account for the
largest revenue share with a market of USD 1.44 billion. The considerable
transition toward cloud-based technology in the region is projected to increase
demand among businesses for IDaaS systems. Due to growing need for user
identification solutions to reduce security breaches, the United States is
projected to hold the largest market share. The exponential growth of personal
and significant online data drives the market expansion in North America.
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