Global Identity As A Service (idaas) Market To Reach A New High Value By 2030 According To A New Research Report

The Identity as a Service (IDaaS) Market size is expected to grow from USD 5.6 billion in 2022 to USD 32.74 billion by 2030, at a CAGR of 24.7 % during the forecast period. IDaaS is a cloud-based identity and access management (IAM) built and operated by a third-party provider, designed to ensure users get the right kinds of access to software applications, files, or other resources at the right times. The market is driven by the growing requirements of maintaining regulatory compliances for user data protection, and cloud-based solutions offering flexibility and scalability. Major players in the market include OneLogin Inc., Atos SE, Ping Identity Corporation, Microsoft Corporation, Okta Inc., IBM Corporation, and CyberArk Software Ltd.