Some factors driving the market growth include government initiatives and regulations supporting digital identity transformation, government regulations and the need for compliance, and the rise in identity and authentication frauds.

To define, describe, and forecast the IDaaS market based on Component, Deployment Type, Organization Size, Vertical, and Region.

The Global IDaaS Market size is estimated to be USD 5.6 billion in 2022 and is projected to reach USD 16.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period.