Artificial Intelligence
Identity as a Service Market to Reach $54.1 billion, Globally, by 2032 at 27.5% CAGR: Allied Market Research
The identity as a service market is expected to witness notable growth owing to an increase in the number of identity frauds, increase in the adoption of cloud computing, and other connected technologies, and enhanced integration with IoT devices.
NEW CASTLE, Del., July 2, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Identity as a Service Market by Component (Provisioning, Single-Sign-On (SSO), Multi-Factor Authentication (MFA), Audit, Compliance and Governance, Directory Services, and Password Management), Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), Enterprise Size (Large Enterprise, and Small and Medium-sized Enterprise), and Industry Vertical (BFSI, IT and Telecom, Manufacturing, Government and Public Sector, Energy and Utilities, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032”. According to the report, the identity as a service market was valued at $6.2 billion in 2023 and is estimated to reach $54.1 billion by 2032, growing at a CAGR of 27.5% from 2024 to 2032.
Prime determinants of growth
The identity as a service market is expected to witness notable growth owing to an increase in the number of identity frauds, increase in the adoption of cloud computing and other connected technologies, and enhanced integration with IoT devices. Moreover, the integration of evolving technologies is expected to provide a lucrative opportunity for the growth of the market during the forecast period. On the contrary, data privacy issues involving consumer information and critical application outsourcing limit the growth of the identity as a service market.
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Report coverage & details:
Report Coverage
Details
Forecast Period
2024–2032
Base Year
2023
Market Size In 2023
$6.2 Billion
Market Size In 2032
$54.1 Billion
CAGR
27.5 %
No. of Pages in Report
337
Segments Covered
Component, Deployment Type, Enterprise Size, Industry Vertical and Region
Drivers
Increase in the Number of Identity Frauds
Increase in the Adoption of Cloud Computing and Other Connected Technologies
Enhanced Integration with IoT Devices
Opportunities
The Integration of Evolving Technologies
Restraints
Data Privacy Issues Involving Consumer Information
Critical Application Outsourcing
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The provisioning segment to maintain its leadership status throughout the forecast period
By component, the provisioning segment held the highest market share in 2023, accounting for more than one-fourth of the identity as a service market revenue, and is estimated to maintain its leadership status throughout the forecast period. The growing need for a high level of automation is one of the primary reasons enterprises are increasing their investment in identity provisioning solutions. However, the single-sign-on segment is expected to witness the largest CAGR of 31.3% from 2024 to 2032 and is projected to maintain its lead position during the forecast period.
The public segment to maintain its lead position during the forecast period
By deployment type, the public segment accounted for the largest share in 2023, contributing to more than two-fifths of the identity as a service market revenue, an increase in the need for secure and reliable data within the organization is fueling the market growth for public cloud-based identity as a service solution. However, the private segment is expected to portray the largest CAGR of 30.1% from 2024 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2023, contributing to more than three-fifths of the identity as a service market revenue, owing to increase in the adoption of IDaaS devices and cloud computing by enterprises, which significantly aids in market growth. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 30.4% from 2024 to 2032 and is projected to maintain its lead position during the forecast period. owing to the expansion of “bring your own device” (BYOD) policy usage and the demand to uphold compliance standards.
The IT and telecom segment to maintain its lead position during the forecast period
By industry vertical, the IT and telecom segment accounted for the largest share in 2023, contributing to more than one-fifth of the identity as a service market revenue, owing to the increasing need to secure telecom procedures, which drives the demand for effective identity management solutions. However, the healthcare segment is expected to portray the largest CAGR of 32.6% from 2024 to 2032 and is projected to maintain its lead position during the forecast period. The extensive adoption of electronic health records supplemented with constant monitoring reform has encouraged healthcare organizations to implement effective technological solutions.
North America region to maintain its dominance by 2032
By region, North America held the highest market share in terms of revenue in 2023, accounting for more than one-third of the identity as a service market revenue. The increase in the usage of identity as a service solution in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, Asia-Pacific is projected to manifest the highest CAGR of 31.1% from 2024 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Leading Market Players: –
CyberArkGoogle LLCIBM CorporationMicrosoft CorporationOktaOneLogin, Inc.Oracle CorporationJumpCloud, Inc.SailPoint TechnologiesThalesThe report provides a detailed analysis of these key players in the identity as a service market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Artificial Intelligence
Hyperlink InfoSystem Emerges as India’s #1 Salesforce Development Company in 2024
NEW YORK and LOS ANGELES, July 4, 2024 /PRNewswire/ — The world of digital advancements is experiencing a phenomenal level of explosive growth, and Salesforce, a leading customer relationship management (CRM) platform, has witnessed staggering popularity and an exponential level of advancement in India. India’s robust infrastructure, coupled with its incredibly skilled developers, has made it an attractive hub for all things Salesforce. The Indian IT sector has an established history of providing world-class solutions, which renders it a reliable partner for Salesforce development initiatives. Since the Salesforce development market in India is growing, global enterprises are increasingly hunting for specialized solutions to enhance their CRM capabilities. Custom Salesforce solutions have curated a sudden spike in demand that could help firms stand out.
This sudden need, plus the urgency of competent pricing, has led international investors to lean towards Indian workforces. Indian developers are known for their mastery of customizing Salesforce solutions to meet distinct business needs, streamline operations, and ensure seamless CRM integrations. The talented pool of Salesforce developers at competitive pricing makes for an appealing option for businesses looking to optimize their CRM investments. Indian developers are known for their creative approach, favorable time zones for extended working hours, understanding of global practices, and constant thinking outside the box to render the best-in-class modern solutions to overcome complex Salesforce-driven business challenges. That’s where Hyperlink InfoSystem struck the chord and cemented its position as India’s leading Salesforce development company.
Hyperlink InfoSystem has emerged as a frontrunner in Salesforce development solutions and has become the ultimate powerhouse for custom CRM solutions. Their dedication to excellence has helped them maintain a steady track record spanning over a decade, with several successful Salesforce project deliveries. Hyperlink InfoSystem utilizes best-in-class technologies such as AI, Big Data, and IoT to craft bespoke Salesforce solutions to meet every business’s unique needs. They place a strong emphasis on client requirements to deliver custom solutions for driving measurable results. From consultation and integration to support and customization, Hyperlink InfoSystem offers end-to-end Salesforce development services, ensuring a seamless transition to the CRM. With a commitment to Agile methodologies and certified Salesforce developers, they follow only the best practices in the industry.
“We are extremely honored to be recognized as India’s leading Salesforce development company,” said Mr. Harnil Oza, CEO of Hyperlink InfoSystem. This achievement showcases our team’s commitment and dedication to delivering immaculate solutions that promote the company’s success. He added, “We at Hyperlink InfoSystem think that Salesforce can change how businesses run and engage with their customers and staff. And we will keep pushing the envelope of innovation to provide each client with immaculate Salesforce solutions.”
Looking forward, Hyperlink InfoSystem is committed to staying one step ahead of all Salesforce innovations. Their whole focus is on helping companies realize the full potential of Salesforce, which can result in remarkable customer experiences and growth that is truly transformative. This will be achieved by consistently incorporating the newest features and functionality into their development processes. By providing scalable and adaptable Salesforce solutions, businesses can smoothly future-proof their operations.
About Hyperlink InfoSystem
Hyperlink InfoSystem is a prominent international enterprise excelling in IT solutions in many domains. Since its humble beginnings in 2011, its specialization in technologies has expanded across web development, mobile app development, enterprise software solutions, and now Artificial Intelligence (AI). With over 1200+ employees and a global presence in the USA, UK, UAE, France, India, and Canada, Hyperlink InfoSystem is dedicated to assisting corporations to leverage the complete power of technology to accomplish their goals.
Contact Details:Hyperlink InfoSystemHarnil [email protected]
New York Address:One World Trade Center285 Fulton Street suite 8500,New York, NY 10007,United States
Mumbai Address:Level 8, Vibgyor Towers C 62,G Block Bandra Kurla Complex,Mumbai, Maharashtra 400098
London Address:Level 30, The Leadenhall Building,122 Leadenhall Street,London EC3V 4AB
Canada Address:151 Yonge Street, 11th Floor,Toronto, Ontario, M5C 2W7,Canada
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MONTEVIDEO, Uruguay, July 4, 2024 /PRNewswire/ — The 2024 Global Energy Prize winners were announced on July 3. The winners were Zi-Qiang Zhu, Head of the Electrical Machines and Drives Research Group at the University of Sheffield (UK); Héctor D. Abruña, Emile Chamot Professor of Chemistry at Cornell University (USA); and Minggao Ouyang, Professor at the Tsinghua University (China).
Zi-Qiang Zhu became a laureate in the Traditional Energy category for outstanding contribution to electrified transportation, improving energy efficiency of domestic appliances, reducing emissions for generation and utilisation of electric power.
Héctor D. Abruña was selected in the Non-Traditional Energy category for the foundational contributions spanning electrochemistry, batteries, fuel cells and molecular electronics.
Minggao Ouyang became the winner in the New Ways of Energy Application category for technical leadership in strategic planning, research, demonstration and commercialisation of new energy vehicles, especially for solving technical challenges of hydrogen fuel cell durability, lithium-ion battery safety and vehicle-to-grid interaction.
The ceremony to announce the laureates was attended by Nobel Peace Prize laureate Rae Kwon Chung, as well as members of the International Award Committee of the Global Energy Prize William Byun, Liye Xiao and Dmitri Bessarabov.
The laureates were selected by an international award committee consisting of scientists from 13 countries: Bolivia, China, Côte d’Ivoire, Hungary, India, Japan, Republic of Korea, Russia, Singapore, South Africa, Switzerland, UAE, USA.
“The growing share of electricity in primary energy consumption is one of the key trends in global energy in recent years. In this regard, the research of the laureates is more than relevant today. This once again proves how thin the border between fundamental and applied science is,” said Rae Kwon Chung, Nobel laureate, Chairman of the Global Energy Prize International Award Committee.
The award ceremony will be held in September 2024.
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Artificial Intelligence
Digital Healthcare Market Size to reach $836.10 billion by 2031, growing at a CAGR of 21%, says Coherent Market Insights
BURLINGAME, Calif., July 4, 2024 /PRNewswire/ — The global Digital Healthcare Market, valued at $220.10 billion in 2024, is on a trajectory of rapid expansion, with projections indicating it will soar to $836.10 billion by 2031, growing at a compound annual growth rate (CAGR) of 21% from 2024 to 2031, as per a recent report by Coherent Market Insights. Various healthcare organizations have started implementing telehealth solutions to provide care to patients from remote locations and reduce disease exposure in clinical settings. Telehealth is enabling virtual doctor consultations, remote monitoring of chronic conditions, and digital communication between healthcare providers and patients. The convenience of accessing healthcare services digitally without visiting clinics physically is driving more patients and providers to adopt telehealth. This increased adoption of telehealth is expected to propel the growth of the overall digital healthcare market in the coming years.
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Market Dynamics:
The growth of digital healthcare market is driven by increasing adoption of telehealth and telemedicine. Telehealth allows remote consultation for the healthcare providers and patients which increases the convenience of treatment. During COVID-19 pandemic, telehealth witnessed exponential growth as it addressed the challenge of physical distancing. Moreover, growing usage of smartphones and tablets has fueled the demand for various healthcare apps for self-diagnosis and monitoring of chronic conditions. These apps provide healthcare services at affordable costs compared to regular hospital visits.
Digital Healthcare Market Report Coverage
Report Coverage
Details
Market Revenue in 2024
$220.10 billion
Estimated Value by 2031
$836.10 billion
Growth Rate
Poised to grow at a CAGR of 21%
Historical Data
2019–2023
Forecast Period
2024–2031
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Technology, By Component, By End User
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Growth Drivers
Aging Population and Need for Remote Patient Monitoring Launch of new products
Restraints & Challenges
Data security and privacy concern Lack of digital infrastructure in developing regions
Market Trends:
Growing Trend of Remote Patient Monitoring: Remote patient monitoring allows continuous tracking of vital signs outside of conventional clinical settings which improves patient engagement. It ensures safety of high risk patients such as ones with chronic illnesses by alerting healthcare providers in case of any emergencies.
Growing Trend of Digital Therapeutics: Digital therapeutics deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease. They are used to effectively treat various medical conditions such as diabetes, insomnia, chronic pain etc. with minimal physical interaction.
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Market Opportunities:
Healthcare analytics segment accounts for more than 30% share of the overall digital healthcare market. Healthcare analytics solutions help in population health management, clinical variability reduction, financial performance and many other applications. It provides actionable insights from large amounts of medical data for better clinical and financial outcomes.
mHealth segment is growing rapidly, driven by increasing penetration of smartphones and tablets. mHealth apps and solutions enable remote monitoring of patients, medical personnel connectivity, delivery of healthcare services and information. They improve access and convenience of care while reducing costs.
Key Market Takeaways:
The global digital healthcare market is anticipated to witness a CAGR of 21% during the forecast period 2024-2031, owing to growing investments and initiatives in digital transformation of healthcare systems.
On the basis of technology, healthcare analytics segment is expected to hold a dominant position, accounting for over 30% market share due to improved quality of care and medical outcomes with data-driven insights.
By component, software segment dominates with around 60% share owing to various healthcare IT solutions for electronic health records, revenue cycle management, practice management and others.
Regionally, North America is expected to hold a dominant position over the forecast period, with over 35% share of the global market due to advanced digital healthcare infrastructure and favorable government policies in the region.
Key players operating in the digital healthcare market include Telefonica S.S., Epic Systems Corporation, AT&T, AirStrip Technologies, Google, Inc., Hims & Hers Health Inc., Orange, Softserve, Computer Programs and Systems, Inc., Vocera Communication, IBM Corporation, CISCO System, Inc. Apple Inc., Oracle Cerner Veradigm, and Mckesson Corporation among others. Strategic partnerships for product development and geographical expansion are leveraged by these players.
Recent Developments:
In January 2024, Eli Lilly and Company, introduced LillyDirect, a novel digital healthcare solution for patients in the U.S. dealing with obesity, migraine, and diabetes.
In March 2023, BlueRock Therapeutics LP, announced a partnership with Emerald innovations and Rune Labs, health analytics company focusing on leveraging contract less and invisible wearable digital health technology, to enhance monitoring for Parkinson;s disease.
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Detailed Segmentation-
By Technology:
Healthcare AnalyticsmHealthTele-healthOthersBy Component:
SoftwareHardwareServicesBy End User:
Hospital & ClinicsPatientsProvidersPayersOthersBy Region:
North America:
U.S.CanadaLatin America:
BrazilArgentinaMexicoRest of Latin AmericaEurope:
GermanyU.K.SpainFranceItalyRussiaRest of EuropeAsia Pacific:
ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia PacificMiddle East:
GCC CountriesIsraelRest of Middle EastAfrica:
South AfricaNorth AfricaCentral AfricaBrowse More Trending Reports:
Global Telehealth Services Market: The global telehealth services market was valued at US$ 12.47 Bn in 2023 and is expected to reach US$ 26.64 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Healthcare API Market: The healthcare API market is estimated to be valued at USD 228.3 Mn in 2024 and is expected to reach USD 345.5 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Global Well Being Platform Market: The global well being platform market size is expected to reach US$ 87.38 Bn by 2030, from US$ 62.93 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period.
Healthcare Consulting Services Market: The global healthcare consulting services market is estimated to be valued at USD 30.53 Bn in 2024 and is expected to reach USD 57.49 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us:Mr. ShahSenior Client Partner – Business DevelopmentCoherent Market InsightsPhone: US: +1-206-701-6702UK: +44-020-8133-4027Japan: +81-050-5539-1737India: +91-848-285-0837Email: [email protected] Website: https://www.coherentmarketinsights.comFollow Us: LinkedIn | Twitter
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