Overview of the global identity and access management-as-a-service (IDaaS) market
Research analysis identifies that the increase consumers preference towards OPEX business model will be one of the major factors that will have a positive impact on the identity and access management-as-a-service market growth. The adoption of OPEX model offers user for pay-per-use pricing model which has led to the increasing growth for the market. This also allows users can with a range of cloud computing services depending on their IT budgets and business requirements. Such benefits are attracting enterprises to migrate towards cloud-based infrastructure which has subsequently increased demand for IDaaS market. Technavio’s market research analysts predict that identity as a service market size and share will grow at a CAGR of almost 37% by 2021.
The increasing demand for SaaS- based IAM deployment will be one of the latest trends that will gain traction in the IDaaS market during the next four years. The increasing security concerns among enterprises has led to the increasing the demand for SaaS-based enterprise IT security solutions. IDaaS solutions are deployed through SaaS-based cloud computing subscription services. Further, these enterprises can customize IAM solutions according to the business and IT security requirements, such developments will propel the market growth in the forecast period.
Competitive landscape and key vendors
The presence of international and regional vendors, this market is fragmented and competitive. The large vendors in the market are expanding the geographical presence owing to the presence of small vendors in the market. The competition on the market will increase as the vendors are offering wide range of products and developing advanced technology to offer end user.
The leading vendors in the market are -
- CA Technologies
- IBM
- Microsoft
- Ping Identity
- Salesforce.com
The other prominent vendors in the market are Bitium, Centrify, Exostar, Google, Fischer International Identity, ForgeRock, ILANTUS Technologies, iWelcome, Okta, OneLogin, Oracle, SAP, and Simeio Solutions.
Segmentation by end- user and analysis of the IDaaS market
During 2016, the BFSI segment accounted for the major shares of this market. The increasing number of banking and financial institutions have created demand for robust and secure ICT infrastructure. Additionally, the financial institutions and banks are replacing the outdated solution with new technology to which will provide them with advanced security solutions, such shift of the segment will propel the cloud-based IAM solutions and services.
Geographical segmentation and analysis of the IDaaS market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The region has witnessed emergence of IT and business infrastructure, and IT security compliance and governance regulations, which has led to the increasing demand for cloud-based IT security solutions and services which will subsequently drive demand for IDaaS adoption.
Key questions answered in the report include
- What will the identity and access management-as-a-service (IDaaS) market size and the growth rate be in 2021?
- What are the key factors driving the global identity and access management-as-a-service (IDaaS) market?
- What are the key market trends impacting the growth of the global identity and access management-as-a-service (IDaaS) market?
- What are the challenges to the identity and access management-as-a-service market growth?
- Who are the key vendors in the global identity and access management-as-a-service (IDaaS) market?
- What are the market opportunities and threats faced by the vendors in the global identity and access management-as-a-service (IDaaS) market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global identity and access management-as-a-service (IDaaS) market?
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