Global Single Sign-on Market is valued approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Single sign-on (SSO) is a mechanism that allows users to authenticate themselves once and gain access to multiple applications or systems without needing to provide their credentials again. It enables users to log in to various applications and services using a single set of login credentials, such as a username and password or other authentication methods like biometrics. The Single Sign-on market is expanding because of factors such as rising adoption of cloud and increasing number SME’s. it establishes a trust relationship between the user’s identity provider and the service providers that the user wants to access. Its importance has progressively increased during the forecast period 2023-2030.
According to Statista, in 2022, the most popular vendor in the cloud infrastructure services market, Amazon Web Services, accounts 32% of the entire market, followed by Microsoft Azure with 23% market share, and Google Cloud with 10% respectively. Together, these three cloud vendors account for about 65% of total global spending. Furthermore, in 2022, over 60% of all corporate data is stored in the cloud as companies increasingly shift their resources into cloud environments in the hope of improving security and reliability next to advancing business agility. Another important factor that drives the Single Sign-on market is increasing number of SME’s. As the number of SMEs implementing Single sign-on depends on factors such as the complexity of the IT landscape, interoperability requirements, cost considerations, and the level of collaboration and standardization within the ecosystem. In addition, as per Statista, there were estimated to be approximately 332.99 million SMEs worldwide in 2021, the continent with the most SMEs was Asia. Moreover, the growing number of social media platforms and increasing demand for centralized session in banking industry is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the risk associated to data breach stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Single Sign-on Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of a large pool of single sign-on vendors and the increasing demand of single sign-on systems from medium and large enterprises in this region. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing demand of single sign-on solutions in a number of industries, such as BFSI, telecommunication, medical, and education in the region.
Major market player included in this report are:
IBM Corporation
Oracle Corporation
Dell Software
CA Technologies
OKTA, Inc
OneLogin, Inc
Ping Identity Corporation
SailPoint Technologies, Inc
Centrify Corporation
NetIQ Corporation
Recent Developments in the Market:
Ø In February 2023, Synacor had announced Cloud ID, an identity and access management technology for premium consumer and entertainment services on Oracle Cloud Marketplace. It enables consumer-focused applications to provide one of the most straightforward and secure sign-in experiences, and it is now accessible on Oracle Cloud Infrastructure. Oracle Cloud Marketplace is a centralized repository for enterprise apps and solutions from Oracle and its partners. Cloud ID is a modern, turnkey, and adaptable identity management technology for premium, streaming entertainment, content, and service provider enterprises.
Global Single Sign-on Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Deployment Mode, Organization Size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Enterprise
Federated & Web-based
Windows Integrated
By Deployment Mode
Cloud
On-Premises
By Organization Size
Large Enterprises
SME’s
By Industry Vertical
BFSI
IT & Telecom
Retail & CPG
Public Sector & Utilities
Education, Communications Media & Services
Healthcare & Life Sciences
Travel & Hospitality
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa