The Growing Need for IDaaS in Modern Identity Management
Identity-as-a-Service (IDaaS) refers to cloud-based identity and access management (IAM) solutions delivered over the internet. IDaaS provides centralized management of users' digital identities and enables single sign-on (SSO) for secure access across applications and devices.
The global IDaaS market is forecast to grow from $3.74 billion in 2023 to $21.87 billion by 2032, exhibiting a CAGR of 24.70%. This explosive growth is driven by the greater convenience, security, and scalability offered by IDaaS solutions compared to traditional on-premise IAM software.
Benefits Driving IDaaS Adoption
Organizations are prioritizing IDaaS adoption to reap the following key benefits:
- Improved user experience - SSO provides easy access across cloud apps/portals using one set of credentials
- Enhanced security - Centrally manages identities and controls access rights from a single platform
- Increased productivity - Automates manual identity processes saving IT time and costs
- Greater scalability - Cloud-based, pay as you go model handles growing users and applications
- Regulatory compliance - Helps meet security mandates through access controls and audit logs
Get An Exclusive Sample Of the Research Report at: https://www.marketresearchfuture.com/sample_request/11086
Major IDaaS Market Trends
The top trends shaping IDaaS market growth include:
- Rising cloud adoption driving demand for cloud-based IAM
- Growth in remote work spurring need for enhanced identity security
- Increasing cyber threats requiring robust access controls and authentication
- Integration of emerging technologies like AI, ML, and biometrics into IAM
- Growing regulatory complexity around data privacy and user access control
While large enterprises currently dominate adoption, small and mid-sized businesses (SMBs) are an emerging high growth segment. SMBs often lack robust IAM capabilities internally so IDaaS provides a flexible and affordable solution to modernize identity management.
Leading IDaaS Providers
Major IDaaS vendors include Microsoft, Google Cloud, Okta, IBM, and Amazon Web Services. These providers offer capabilities like:
- Cloud directory for storing identity profiles and credentials
- Single sign-on and multi-factor authentication
- Access management to applications and infrastructure
- Reporting, monitoring, and risk analytics
- Expert managed services for deployment and maintenance
As digital transformation accelerates across sectors, IDaaS will play a pivotal role in securing an increasingly complex IT ecosystem. IDaaS allows organizations to enhance identity security, meet compliance needs, and deliver seamless user experiences - all from the cloud.
Get Complete Report Details: https://www.marketresearchfuture.com/reports/idaas-market-11086
Check out more Related Insights:
Online Sports Betting Market Research Report- Global Forecast till 2026
5G Base Station Market Research Report- Global Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, and regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
