Identity as a Service Market-Latest Advancement And Industry Analysis

Identity as a Service Market Size Was Valued at USD 7.12 Billion in 2023 and is Projected to Reach USD 40.78 Billion by 2032, Growing at a CAGR of 21.4 % From 2024-2032.

Identity as a Service is a cloud-based service model that provides organizations with identity and access management (IAM) functionalities. In short, IDaaS allows businesses to manage and secure user identities and access to various resources, applications, and services over the Internet. Instead of hosting IAM infrastructure on-premises, organizations can leverage IDaaS solutions provided by third-party vendors, typically through a subscription-based model.