Idaas Market Worth $21.4 Billion By 2028, Growing At A Cagr Of 25.0% Report By Marketsandmarkets

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%. The growth of the IDaaS market is being driven by several factors, such as government initiatives and regulations supporting digital identity transformation and adopting advanced authentication techniques across verticals. Integration of AI, ML, and big data technologies in developing IDaaS offerings is also driving the growth of the market. Additionally, the integration of AI, ML, and blockchain technologies is a trending concept, which is helping to provide decentralized identity solutions.