Artificial Intelligence
IDaaS Market worth $21.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Nov. 14, 2023 /PRNewswire/ — A move to cloud-based solutions, deeper integration with security and Zero Trust frameworks, and an emphasis on mobile and remote workforce assistance characterise the Identity as a Service (IDaaS) market’s future. The development of IDaaS will also be significantly influenced by compliance adherence, AI-driven improvements, and advanced authentication techniques.
The global IDaaS Market size is projected to grow from USD 7.0 billion in 2023 to USD 21.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period, according to a new report by MarketsandMarkets™.The rise in identity and authentication frauds and the adoption of advanced authentication techniques across verticals drive the growth of the IDaaS Market. Moreover, ownership and privacy challenges may hinder market growth.
Browse in-depth TOC on “IDaaS Market”
281 – Tables 44 – Figures367 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2017-2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD Million/USD Billion)
Segments Covered
Component, deployment type, verticals and regions
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Major vendors in the global IDaaS Market include Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US), OpenText (Canada), SailPoint (US), VMware (US), HCL Tech (India), Entrust (US), SecureAuth (US), Simeio (US), Ilantus Technology (India), LoginRadius (US), JumpCloud (US), IDNow (Germany), One Identity (US), 1Kosmos (US), Idenfy (Lithuania), ShareID (France)
Based on component, the single sign-on is expected to grow at a highest CAGR during the forecasted period.
Single Sign-on (SSO) is a form of authentication by which users can access multiple computer platforms or applications present on-premises of an organization or through the cloud by logging in only once. The process saves a lot of time for users by authenticating users for all the applications they have been entitled to. SSO enables them to focus on a required task without remembering multiple usernames and password combinations. ? SSO lowers IT costs by saving time on password resets. When apps require a different username and password for every employee, there is a high chance that employees will forget passwords—which means help tickets for password reset pile up. Technologies like AI enable SSO systems to track user activity constantly during a session, guaranteeing that only authorized users can access secured resources.
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By deployment type, private cloud segment is expected to grow at a highest CAGR during the forecast period.
Private cloud refers to computing wherein the computing resource is accessed by a single organization and restricted to external entities. Organizations that invest in their on-premises data centers can also use it as a private deployment type. Private Cloud enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The flexibility allows businesses to adapt identity management services to their unique workflows and compliance requirements, ensuring that the solution aligns precisely with their operational goals. Private cloud IDaaS solutions provide organizations with a greater degree of control and data sovereignty. It is particularly appealing to businesses operating in highly regulated industries or regions with strict data privacy requirements.
By region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Asia Pacific region consists of some of the fastest growing economies like India and China. Asia Pacific has seen cutting-edge technology’s advanced and rapid adoption as a profitable security product and service market. Even though the area implements the most recent security solutions, it is frequently the target of attacks. Developing countries such as India are moving towards the rapid digitalization of processes through different initiatives taken by governments to increase the use of mobile applications and web-based applications across sectors such as BFSI, retail, and IT. The growing digitization in the Asia Pacific is driving IDaaS demand.
Top Key Companies in IDaaS Market
Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US), OpenText (Canada), SailPoint (US), VMware (US), HCL Tech (India), Entrust (US), SecureAuth (US), Simeio (US), Ilantus Technology (India), LoginRadius (US), JumpCloud (US), IDNow (Germany), One Identity (US), 1Kosmos (US), Idenfy (Lithuania), ShareID (France) are the key players and other players in the IDaaS Market.
Recent Developments
· In September 2023, Eviden, a security industry leader inside the Atos Group, announced a partnership with HID Global. Through the agreement, businesses employing HID technology for logical and physical access control aims to use Eviden’s Identity and Access Management suite to access their digital assets.
· In May 2023, Ping Identity launched PingOne Protect, a new fraud detection and risk management service. By integrating Identity and Access Management (IAM) with comprehensive, intelligence-based fraud detection across the entire user experience, PingOne Protect adopts a distinctive strategy for threat protection.
· In December 2022, Thales Group partnered with Zimbra. In the partnership, Zimbra will utilize Thales Group’s SafeNet Trusted Access (STA) to provide SSO, policy configuration, and MFA.
· In November 2022, Okta launched Okta Customer Identity Cloud, an easy-to-implement and customizable customer identity solution. The Okta Customer Identity Cloud for Consumer Apps helps any organization with advanced security features like Adaptive MFA.
· In September 2022, Microsoft partnered with Silverfort to bring unified identity protection to on-premises and cloud. Silverfort developed a unified identity protection system with the aid of Microsoft’s MFA.
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IDaaS Market Advantages:
· IDaaS solutions offer flexibility for remote and mobile workforce requirements and may be quickly scaled to meet changing user demands and organisational expansion.
· To increase security and compliance, IDaaS provides strong identity and access management, including multifactor authentication and adaptive access controls.
· Organisations can save infrastructure and maintenance expenses associated with on-premises systems by moving identity management to the cloud.
· Single sign-on (SSO) and user-friendly self-service capabilities are common IDaaS solutions that improve user experience and lower friction.
· By centralising user identity and access management, IDaaS makes it easier to administer and enforce policies across a range of services and apps.
· Access to a variety of services can be more easily managed because to the pre-built connectors that many IDaaS providers offer with a broad range of third-party applications.
Report Objectives:
· To describe and forecast the global IDaaS Market by component, deployment type, vertical, and region.
· To forecast the market size of five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
· To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
· To provide detailed information on significant factors (drivers, restraints, opportunities, and challenges) influencing the market’s growth
· To analyze the opportunities in the market for stakeholders and provide the competitive landscape details of major players
· To profile the key players of the IDaaS Market and comprehensively analyze their market shares and core competencies
· Track and analyze competitive developments, such as mergers and acquisitions (M&A), new product developments, and partnerships and collaborations in the market.
Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Zero Trust Security Market – Global Forecast to 2028
Security Service Edge Market – Global Forecast to 2028
Privileged Access Management Market – Global Forecast to 2028
Mobile Threat Defense Market – Global Forecast to 2028
Digital Forensics Market – Global Forecast to 2028
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Artificial Intelligence
Huawei Launches New Products and Solutions for Commercial Market and Works with Partners to Accelerate Digital Intelligence for SMEs
DUBAI, UAE, Oct. 18, 2024 /PRNewswire/ — During the 44th GITEX GLOBAL, one of the world’s largest technology exhibitions, Huawei Commercial Market Summit was held with the theme of “Joining Hands with Partners to Amplify Intelligence for SMEs.” At the event, Huawei launched 17 new products and 6 new solutions designed for the global SME market. The company also shared achievements of its continued strategic investment in the commercial market, emphasizing that it will keep adhering to a partner-centric approach. Huawei is committed to working together with partners to serve hundreds of thousands of customers in the commercial market.
In his opening speech, Ernest Zhang, President of the Partner Development and Commercial & Distribution Business Dept in Huawei Enterprise Sales Dept, said: “Over the past year, Huawei has achieved rapid growth in the commercial market in terms of the number of partners and customers, and overall revenue. Huawei will firmly adhere to its partner-led commercial market strategy, join hands with partners to gain in-depth insights into customer requirements across industries and sub-scenarios, develop more competitive products and scenario-based solutions accordingly, build a mutually beneficial partnership system, and empower partners’ digital and intelligent capabilities, so as to achieve success together with our partners in the digital, intelligent future of the commercial market.”
Peter Zhang, Director of the Commercial Business Dept in Huawei Enterprise Sales Dept, said: “Leveraging Huawei’s deep technical expertise in the ICT field and decades of experience in digital transformation, we have launched over 300 innovative products and scenario-based solutions for the commercial market. Through the HUAWEI eFly platform, we have digitally supported our partners in expanding their business with enterprise customers. It is Huawei’s partner policy in the commercial market to build a partner-centric and trustable ecosystem, so that partners can gain more benefits, incentives, and profits.”
For education, healthcare, manufacturing, SMEs, and other key industries, 17 new products and 6 new solutions were released this time. For example, for the education sector, the brand new IdeaHub K3 redefines classroom interaction experiences; for the manufacturing sector, the freshly upgraded high-quality factory network solution becomes a strong backbone for flexible production; for SMEs, the simplified all-flash data center solution offers top-notch full-stack IT infrastructure; and for managed service providers (MSPs) in the commercial market, diverse solutions featuring easy selling, delivery, O&M, and growth are provided.
At the summit, Yusuf Ahmed, CEO of KEMS Zajil Telecom, the largest Internet service provider in Kuwait, shared how enterprises in Kuwait are actively embracing the anything-as-a-service (XaaS) global transformation and how KEMS Zajil Telecom has leveraged Huawei’s leading technologies to provide customers with flexible, diverse, and innovative cloud-based solutions. Richard Pearson, CPDO of SIBCA in the UAE, introduced that there is a growing recognition of green and intelligent concepts as well as technological infrastructure development across industries. SIBCA hopes that their cooperation with Huawei can be expanded from the current network, storage and other product fields to data centers, cloud, and AI, to jointly drive greener and smarter building construction in the near future.
With over three decades of deep cultivation in the ICT field, Huawei has accumulated a wealth of experience in digital transformation and is committed to becoming the core driving force for the rapid development of SMEs in the digital era. In the future, Huawei will keep working with global partners to innovate together, share success, and create a brilliant digital economy for SME customers around the world.
For more about Huawei commercial market solutions, see https://e.huawei.com/cn/industries/commercial-market.
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Artificial Intelligence
Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.
SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object
This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond.
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Artificial Intelligence
n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS
OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.
n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space.
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry.
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact.
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.
n2 Group Companies
• BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science.
• NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI.
• STAC: Independent financial services technology research and community events.
• VSNi: Proven statistical solutions and data expertise driving innovation and success.
• X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group.
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