Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Identity As A Service Market size is expected to reach $19 billion by 2028, rising at a market growth of 21.9% CAGR during the forecast period.
The Provisioning market is generating high revenue in the Global Identity As A Service Market by Component Type in 2021; thereby, achieving a market value of $5.8 million by 2028. The growth of the segment is rapidly rising due to the fact that this technology significantly reduces complexities in several processes within a process. The process of creating, deleting, validating, approving, and terminating each user's identity, including customers, partners, and employees within an organization, is referred to as provisioning.
The BFSI market would showcase a CAGR of 22.4% during (2022 - 2028). Critical data held by the banking and finance industry requires a high level of protection. The BFSI sector businesses are implementing IDaaS solutions to maintain compliance, boost productivity, and lower the expense associated with managing the IT infrastructure.
The North America market dominated the Global Identity As A Service Market by Region in 2021; thereby, achieving a market value of $7.3 million by 2028. The Europe market would experience a CAGR of 21.4% during (2022 - 2028). Additionally, The Asia Pacific market is experiencing a CAGR of 22.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Google LLC, Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., Broadcom, Inc. (CA Technologies, Inc.), Ping Identity Holding Corp. (Vista Equity Partners), Okta, Inc., CyberArk Software Ltd. and OneLogin, Inc. (Quest Software Inc.)
By Component Type
By End User
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