17.08.2016, 09:32
Single Sign-on Market by Type, Organization Size Region - Global Forecast to 2021
OREANDA-NEWS. MarketsandMarkets Offers Report by Research on Single Sign-on Market by Type (Enterprise, Federated & Web-based, Windows Integrated), Organization Size (Small & Medium Enterprises, Large Enterprises), Deployment Mode (Cloud, On-Premises), Vertical, Region - Global Forecast to 2021.
The single sign-on market is estimated to grow from USD 845.6 Million in 2016 to USD 1599.8 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. Single sign-on services are gaining importance among the corporates as it adds to the convenience of the user while minimizing the IT administrator’s overhead by reducing instances of password loss. Hence, the adoption of single sign-on is increasing in various industries, which is one of the major growth factors of the market.
The report provides insights on the single sign-on market, which is segmented by type, deployment mode, organization size, vertical, and region. Among types, the enterprise SSO segment has the largest market share and is expected to dominate the overall market during the forecast period. Enterprise SSO offers high level of security controls to the users within organization for both internal and external applications. Currently, federated & web-based SSO has the largest market share and is considered as an attractive option for organizations who seek to increase website and application use.
Among deployment types, cloud-based deployment is preferred more by SME’s as it requires less capital investment, helps decrease the operational and maintenance costs, and reduces the management efforts. It is expected to register the highest growth rate during the forecast period. Large enterprises prefer on-premises based solutions, which is estimated to have the largest market share during the forecast period.
By organization size, the end users are SMEs and large enterprises. Currently, large enterprises segment dominated the single sign-on market with the largest market share and will continue to do so during the forecast period. The advent of cloud, mobile, and social media is driving the market for large enterprises. On the other hand, the SME’s segment is expected to have the highest CAGR as the single sign-on vendors are offering attractive packages to the SMEs that fits their business needs.
Among the verticals, the BFSI segment has the largest market share in the overall market. This is attributed to the increasing demand for centralized session management from the industry. Education, communications media & services segment is expected to reflect the highest growth rate during the forecast period.
North America is expected to account for the maximum share of the single sign-on market during the forecast period due to the implementation of single sign-on solutions across varied industries in this region. However, major growth is expected to be witnessed in the Asia-Pacific region, which is expected to grow at the highest CAGR by 2021, mainly attributed to the increasing adoption of single sign-on solutions across India, China, Japan, and Australia.
Single sign-on offers numerous benefits to the users and organization, but at the same time accompanies ample security risks, which is a restraining factor for the market. If not configured securely, SSO can be as dangerous and risky as using same password for multiple accounts. The organizations need to learn how to balance the convenience of authentication method with the risks that are accompanied by it. Hence single sign-on vendors are innovating their product portfolio to manage this obstacle of handling complexity.
The market is highly competitive and consists of few big players and many innovators and start-ups. The big players are opting for acquisitions, mergers, collaborations, and partnerships as the key strategies to enhance their client base and to strengthen their product portfolio. On the other hand, the small players are focusing on innovation and new product development to stay competitive in the market or differentiate their offerings from competitors. For instance, in June 2016, IBM partnered with Credit Mutuel Arkea to improve the bank’s ability to verify customer identity. New product development has also been adopted by top players to innovate in this market space.
The single sign-on market is estimated to grow from USD 845.6 Million in 2016 to USD 1599.8 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. Single sign-on services are gaining importance among the corporates as it adds to the convenience of the user while minimizing the IT administrator’s overhead by reducing instances of password loss. Hence, the adoption of single sign-on is increasing in various industries, which is one of the major growth factors of the market.
The report provides insights on the single sign-on market, which is segmented by type, deployment mode, organization size, vertical, and region. Among types, the enterprise SSO segment has the largest market share and is expected to dominate the overall market during the forecast period. Enterprise SSO offers high level of security controls to the users within organization for both internal and external applications. Currently, federated & web-based SSO has the largest market share and is considered as an attractive option for organizations who seek to increase website and application use.
Among deployment types, cloud-based deployment is preferred more by SME’s as it requires less capital investment, helps decrease the operational and maintenance costs, and reduces the management efforts. It is expected to register the highest growth rate during the forecast period. Large enterprises prefer on-premises based solutions, which is estimated to have the largest market share during the forecast period.
By organization size, the end users are SMEs and large enterprises. Currently, large enterprises segment dominated the single sign-on market with the largest market share and will continue to do so during the forecast period. The advent of cloud, mobile, and social media is driving the market for large enterprises. On the other hand, the SME’s segment is expected to have the highest CAGR as the single sign-on vendors are offering attractive packages to the SMEs that fits their business needs.
Among the verticals, the BFSI segment has the largest market share in the overall market. This is attributed to the increasing demand for centralized session management from the industry. Education, communications media & services segment is expected to reflect the highest growth rate during the forecast period.
North America is expected to account for the maximum share of the single sign-on market during the forecast period due to the implementation of single sign-on solutions across varied industries in this region. However, major growth is expected to be witnessed in the Asia-Pacific region, which is expected to grow at the highest CAGR by 2021, mainly attributed to the increasing adoption of single sign-on solutions across India, China, Japan, and Australia.
Single sign-on offers numerous benefits to the users and organization, but at the same time accompanies ample security risks, which is a restraining factor for the market. If not configured securely, SSO can be as dangerous and risky as using same password for multiple accounts. The organizations need to learn how to balance the convenience of authentication method with the risks that are accompanied by it. Hence single sign-on vendors are innovating their product portfolio to manage this obstacle of handling complexity.
The market is highly competitive and consists of few big players and many innovators and start-ups. The big players are opting for acquisitions, mergers, collaborations, and partnerships as the key strategies to enhance their client base and to strengthen their product portfolio. On the other hand, the small players are focusing on innovation and new product development to stay competitive in the market or differentiate their offerings from competitors. For instance, in June 2016, IBM partnered with Credit Mutuel Arkea to improve the bank’s ability to verify customer identity. New product development has also been adopted by top players to innovate in this market space.
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