U.S. Identity as a Service (IDaaS) Market is forecasted to grow at a CAGR of 15.7% with factors such as increasing fraudulent activities and identity theft and increasing BYOD trend across enterprises.
U.S. Identity as a Service (IDaaS) market has shown an exceptional penetration due to increasing research and development activities along with the prevalence of the majority of manufacturers is boosting the growth in developed countries. In developing countries, the growing adoption of digital payment methods is creating opportunities for the U.S. Identity as a Service (IDaaS) market.
U.S. Identity as a Service (IDaaS) Market Scenario
According to Data Bridge Market Research, the market for U.S. Identity as a Service (IDaaS) is in the growth phase. The market leader is Okta which accounts for an estimated market share of 31.04% in the U.S. The company has gained outstanding sales by providing Identity as a Service (IDaaS) products.
For instance,
- In April 2021, Okta announced the launch of an intelligent identity management solution named Okta Identity Governance. Okta identity governance offers a cloud-first approach to identity governance and administration. Okta identity governance delivers self-service identity governance and administration to the users. This will help the company to enhance its offerings and to grow in the market
Trends Impacting the Market
Now the question is which other regions Okta and Microsoft are targeting? Data Bridge Market Research has forecasted a large growth in U.S. Identity as a Service (IDaaS) market and the market leaders targeting European countries to be their next pocket revenue for 2021.
U.S. identity as a service (IDaaS) is becoming more competitive every year with companies Okta and Microsoft as they are the market leaders for U.S. Identity as a Service (IDaaS) market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the U.S. Identity as a Service (IDaaS) market.
For more analysis on the U.S. Identity as a Service (IDaaS), request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=us-identity-as-a-service-idaas-market
U.S. Identity as a Service (IDaaS) Market Development in 2021
- In March 2021, Okta announced the acquisition of Auth0 for approximately USD 6.5 billion. Under this acquisition, Auth0 will continue to operate as an independent business within Okta, although the vendors' platforms will be integrated over time. Okta and Auth0 address a broad set of identity use cases. This will help the company grow in the market
Scope of the U.S. Identity as a Service (IDaaS) Market
All country-based analysis of the U.S. Identity as a Service (IDaaS) market is further analysed based on maximum granularity into further segmentation.
- On the basis of access type, the U.S. identity as a service (IDaaS) market is segmented into single sign-on, multi-factor authentication, compliance management, directory services, provisioning, password management, and others. On the basis of deployment, the U.S. Identity as a service (IDaaS) market has been segmented into public, private, and hybrid. On the basis of service type, the U.S. Identity as a service (IDaaS) market has been segmented into on-site and in-house. On the basis of enterprise size, the U.S. Identity as a service (IDaaS) market has been segmented into large enterprises and small and medium enterprises. On the basis of function, the U.S. Identity as a service (IDaaS) market has been segmented into document verification, authentication/identification, and screening. On the basis of end-use, the U.S. Identity as a service (IDaaS) market has been segmented into BFSI, IT and telecom, healthcare, aerospace and defense, government, retail, manufacturing, and others.
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Key Pointers Covered in U.S. Identity as a Service (IDaaS) Market Industry Trends and Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Market key vendors and disruptors study
Key Market Competitors Covered in the Report
- Broadcom
- Centrify Corporation
- Ilantus Technologies Private Limited
- Exostar, JumpCloud Inc.
- OneLogin, Inc.
- Oracle
- Salesforce.com, Inc.
- Thales Group
- One Identity LLC
- IBM Corporation
- Okta
- Ping Identity
- Microsoft
- Happiest Minds
- Capgemini
Above are the key players covered in the report. To know about more an exhaustive list of Identity as a Service (IDaaS) companies', contact us https://www.databridgemarketresearch.com/toc/?dbmr=us-identity-as-a-service-idaas-market
Research Methodology: U.S. Identity as a Service (IDaaS) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Managers, Directors, Government, Security Providers, Manufacturing giants, Public Sector Players, and Others
- Supply Side: Service Providers, Identity as a Service Providers, Software Providers, Marketing Managers, Logistics Managers, among others.
Related Reports
- Global Consumer Identity and Access Management (IAM) Market – Industry Trends and Forecast to 2028
- Global Identity Verification Market – Industry Trends and Forecast to 2028
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