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Identity And Access Management-As-A-Service (IDAAS) Market : Proven Strategies for Profitable Growth 2019-2025

The global identity and access management-as-a-service (IDaas) market size is projected to be worth USD 7.66 billion by 2025. The demand for identity and access management-as-a-service is expected to grow due to rising need of controlled access systems in increasingly connected and vulnerable enterprises during the forecast period.

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Identity and access management-as-a-service is a framework that allows the cloud service provider to deliver identity and access management in a public cloud. IDaaS is well-suited for industries and organization as it provides cloud features including portability, and pay-per-use service. Organizations and industry participants are becoming more conscious about the role of digital identity management as there is a steep rise in digital workforce. Remote workers who are located outside the corporate network can also access different set of business processes, compounding the risk to organizations.

Use of digital payment is increasing in the banking and financial sector. This in turn has resulted in a growing need for security for the consumers as well as employees and to protect client data through identity and access management (IAM) solutions. Advancing virtualization has resulted in a greater number of banking functions operating online while increasing vulnerability to cyber-attacks. Consequently, the demand for IDaaS is expected to have a high potential growth in this segment over the next few years.

North America dominated the global identity and access management market in 2017. The key reason for high adoption in North America can be attributed to increasing adoption of new trends such as bring-your-own-device (BYOD) that can be used on-the-move. This has led to the increasing adoption of IDaaS patches to provide foolproof security to operations. Asia Pacific is expected to grow at high CAGR during the forecast period. Rising cyber threats and demand of strong identification and authentication by organization is driving cloud identity and access management (IAM) market in the region.

The global identity and access management-as-a-service market is extremely competitive and comprises numerous agile players. Launch of new cloud based products, updating the existing product, acquisitions, merger and expansions are the few strategies implemented by the key players in the market.

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In January 2018, Ping Identity formed partnership with KPMG to deliver CIAM solutions to foster digital commerce and digital transition initiatives for enterprises.

In June 2018, InnovoCommerce formed a partnership with Exostar for high assurance, Single-Sign-On Access to the investigatorFIRST Portal.

In March 2016, Google Cloud Platform offered identity and access management roles for users. Cloud based IAM enables big organizations and companies to give access to Google cloud infrastructure to certain people.

Key segments of the global identity and access management-as-a-service (IDaaS) market

Vertical overview, 2014–2025 (USD million)

Banking, Financial Services and Insurance (BFSI )

Healthcare

Telecom

Public sector

Others

Regional overview, 2014–2025 (USD million)

North America

U.S.

Canada

Europe

UK

Germany

Asia-Pacific

China

Japan

Rest of the world

Key players analyzed

Microsoft

CA Technologies

IBM Corporation

Salesforce.com Inc.

Ping Identity Corporation

Centrify Corporation

Exostar

Google LLC

Fischer International Identity

Okta, Inc.

OneLogin Inc.

Oracle Corporation

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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