Market HighlightsMarket Research Future (MRFR) conducted study on the global identity as a service (IDaaS) market 2020 and detailed insights into the effect of COVID pandemic on the market in the report. According to MRFR analysis, the identity as a service (IDaaS) market can rise at 18.4% CAGR across the forecast period. By 2024, the identity as a service (IDaaS) market value can cross USD 10 Bn.
Market Synopsis
Identity as a service (IDaaS) operates on virtualized hardware. Hence, the accessibility IDaaS without physical complexities is expected to encourage its adoption across enterprises. This is expected to boost the expansion of the worldwide IDaaS market. Advantages of the multi-tenant infrastructure of IDaaS is expected to benefit its market growth. IDaaS allows vendors to issue updates and aids in security fixtures. This is likely to contribute to the expansion of the market across the assessment years. IDaaS use cloud computing, which is considered to be another significant driver for the market. Cloud computing supports digital access cards, multi-factor authentication, and biometrics. These features of cloud computing simplify the process to retrieve information, maintaining high degree of security. IDaaS uses analytics and intelligence to report multifaceted relationships, such as association between users, their responsibilities, job function, and usage of data. This is anticipated to work in favor of the IDaaS market.
Segmentation:
The segments study of the global [FURL=https://www.marketresearchfuture.com/reports/identity-service-market-7928/]IDaaS market size[/FURL] is based on deployment, service, organization size, and vertical.
The service-based, the global IDaaS market segments are access, identity governance & administration, and intelligence.
The organization size based, the global IDaaS market segments are large enterprise and small- and medium-sized enterprise (SME).
The deployment based, the global IDaaS market segments are public cloud, private cloud, and hybrid.
The vertical based, the global IDaaS market segments are BFSI, retail and CPG, manufacturing, energy and utilities, transportation, healthcare and life sciences, and government and defense among others.
Detailed Regional Analysis
The IDaaS market is studied across Europe, North America, Asia-Pacific, and the Rest of the World. The IDaaS market in North America is expected to expand at a high pace. After the lead, Europe is expected to make a high profit in the forecast period. In North America, the growth of the IDaaS market can be attributed to the availability of advanced and robust technologies. The high rate of adoption of IDaaS across different verticals and enterprises and the rise in number of enterprises are expected to surge the market.
Also Read: [FURL]http://www.marketwatch.com/story/identity-as-a-service-market-analysis-reports-covid--19-effects-on-the-market-globally-2020-04-03 /[/FURL]