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Identity as a Service Market
Worth $6.5 Billion by 2024 -
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Sep 11, 2019, 10:30 ET
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CHICAGO, Sept. 11, 2019 /PRNewswire/ -- According to a new market research report "Identity as a Service Market by
Component (Provisioning, Single Sign-On, and Advanced Authentication), Deployment Type, Organization Size,
Vertical (BFSI, Telecom and IT, Healthcare, and Public Sector), and Region - Global Forecast to 2024", published by
MarketsandMarkets™, the IDaaS Market size is expected to grow from USD 2.5 billion in 2019 to USD 6.5 billion by 2024,
at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
The growing demand for cloud-based security solutions and services, and obligations to follow regulatory mandates
and data protection laws are some of the major drivers of this market.
Browse in-depth TOC on "Identity as a Service Market "
55 – Tables
32 – Figures
128 – Pages
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By deployment type, the hybrid cloud segment to grow at the highest CAGR during the forecast period
Several beneFts offered to enterprises to lead the hybrid cloud in gaining huge traction. The major factors that are
expected to drive the growth of the hybrid cloud segment include the growing demand for organizations for agile,
scalable, and cost-efFcient computing; rising need of standards for interoperability between cloud services and existing
systems; increasing demand to avoid vendor lock-in; and growing number of digital services and their applications.
By vertical, the public sector segment to grow at the highest rate during the forecast period
Cyber attackers always target government agencies to gain access to conF