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Report Overview

The Asia Pacific Identity-as-a-Service (IDaaS) market size reached around USD 688.50 Million in 2024. The market is projected to grow at a CAGR of 23.50% between 2025 and 2034 to reach nearly USD 5682.95 Million by 2034. The market growth can be attributed to the rising prevalence of work-from-home models and the rapid digitalisation of the BFSI industry across the region.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The increasing number of IoT devices in the Asia Pacific is boosting the Asia Pacific Identity-as-a-Service (IDaaS) market revenue. Reportedly, by 2030, the number of IoT devices in the Asia Pacific region is expected to grow to 38.9 billion units. This is expected to surge the demand for IDaaS to deliver a seamless consumer experience to users. For instance, IDaaS offers OTP-based login options to IoT device users that ensure device security while avoiding the hassle of passwords.
  • The number of cyberattacks across the Asia Pacific region is significantly increasing. Hence, the rising threat of data breaches has pushed organisations to adopt multi-factor authentication, AI-driven fraud detection, and zero-trust frameworks, thereby increasing the market value.
  • With the growing spending on IoT devices, there is a rising demand for IDaaS solutions for monitoring the dark web for leaked credentials of any individual, and reducing the risk of costly data breaches, as per stringent regulatory standards. As per industry reports, the total revenue of the Internet of things (IoT) across the Asia Pacific region is expected to reach USD 436 billion by 2026, surging the adoption of IDaaS solutions.

Compound Annual Growth Rate

Value in USD Million

23.5%

2025-2034


Asia Pacific Identity-as-a-Service (IDaaS) Market Outlook

*this image is indicative*

Asia Pacific Identity-as-a-Service (IDaaS) Market Summary

Description

Value

Base Year

USD Million

2024

Historical period

USD Million

2018-2024

Forecast Period

USD Million

2025-2034

Market Size 2024

USD Million

688.50

Market Size 2034

USD Million

5682.95

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

23.50%

CAGR 2025-2034 - Market by Country

India

26.8%

CAGR 2025-2034 - Market by Country

Australia

20.8%

CAGR 2025-2034 - Market by Deployment Type

Hybrid

26.3%

CAGR 2025-2034 - Market by End Use

IT and Telecommunication

27.8%

Market Share by Country 2024

Japan

15.2%

Asia Pacific Identity-as-a-Service (IDaaS) Market Growth

In 2023, organisations in the Asia Pacific region experienced an alarming average of 1,963 cyberattacks per week. Approximately 25% of these incidents were driven by motives of espionage. As a result, security expenditures in the Asia Pacific have consistently increased at a CAGR of 12.8% since 2022, with projections indicating that spending will reach USD 52 billion by 2027, in response to the growing array of cyber threats facing digital enterprises. As cyberattacks evolve in complexity, businesses are increasingly seeking IDaaS solutions that provide advanced security measures, including multi-factor authentication, real-time threat detection, and comprehensive identity management. This is favourably shaping the Asia Pacific Identity-as-a-Service (IDaaS) market dynamics.

According to industry reports, approximately two-thirds of companies within the Asia Pacific region have integrated artificial intelligence (AI) and the Internet of Things (IoT) into their business infrastructures. The swift proliferation of IoT devices in the region is creating a heightened demand for Identity-as-a-Service (IDaaS). As the number of connected devices increases, IDaaS plays a crucial role in providing identity management and security, essential for navigating complex device networks. It ensures secure access, authentication, and monitoring, thereby assisting organisations in effectively managing and safeguarding a vast array of interconnected IoT devices.

Key Trends and Developments

Asia Pacific Identity-as-a-Service (IDaaS) Market Trends

The integration of artificial intelligence and machine learning into IDaaS solutions has emerged as one of the key factors behind market growth. This has led to substantial improvements in organisations’ threat detection capabilities by streamlining identity management processes and enhancing user authentication techniques. This has made it possible for companies to strengthen their cybersecurity abilities. By 2030, the adoption of artificial intelligence-based tools is expected to increase the GDP of local economies by nearly 26%. This is creating a favourable Asia Pacific Identity-as-a-Service (IDaaS) market outlook.

As data protection regulations become more stringent throughout the Asia Pacific, IDaaS providers are prioritising features that facilitate compliance with these regulations. Standard offerings include improved privacy controls, comprehensive audit trails, and robust data encryption, which assist organisations in managing intricate legal frameworks while safeguarding sensitive data.

Asia Pacific Identity-as-a-Service (IDaaS) Industry Segmentation

The EMR’s report titled “Asia Pacific Identity-as-a-Service (IDaaS) Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Component

  • Single Sign-on
  • Multi Factor Authentication
  • Provisioning
  • Password Management
  • Directory Services
  • Audit, Compliance and Governance

Breakup by Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Breakup by Industry Vertical

  • BFSI
  • Telecom and IT
  • Government
  • Healthcare
  • Energy and Utilities
  • Manufacturing
  • Others 

Breakup by Country

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Asia Pacific Identity-as-a-Service (IDaaS) Market Share

Based on deployment type, the market is segmented into public cloud, private cloud, and hybrid cloud. Over the forecast period of 2025-2034, hybrid cloud is expected to grow at a CAGR of 26.3% as it combines the scalability of the public cloud with the security of the private cloud. The cost efficiency, robust security and compliance, and customisation offered by hybrid cloud are further boosting its appeal.

Meanwhile, private and public clouds are expected to grow at a healthy pace in the coming years amid the growing demand for reliable and secure data management solutions and stringent data security and compliance regulations.

CAGR 2025-2034 - Market by

Deployment Type

Hybrid

26.3%

Public

XX%

Private

XX%

Leading Companies in the Asia Pacific Identity-as-a-Service (IDaaS) Market

Leading IDaaS providers are expanding cloud-based IAM solutions, integrating AI-driven security, and enhancing multi-factor authentication. They are forming strategic partnerships, ensuring compliance with regional cybersecurity laws, and investing in zero-trust frameworks to expand their Asia Pacific Identity-as-a-Service (IDaaS) market share. Companies are also improving user experience with passwordless authentication and biometric verification to strengthen identity security.

Exostar LLC

Exostar LLC, established in 2000, is headquartered in Virginia, United States. The company is recognised as the preferred cloud platform for secure collaboration solutions in enterprise and supply chain environments, as well as for its expertise in identity and access management.

HCL Technologies Ltd.

HCL Technologies Ltd., established in 1991, is headquartered in India. HCL Tech operates as a global technology firm, employing over 219,000 individuals in 60 countries. The company offers industry-leading solutions focused on digital transformation, engineering, cloud computing, and artificial intelligence, supported by an extensive range of technology services and products.

Oracle Corporation

Oracle Corporation was established in 1977 and is a prominent American multinational computer technology firm based in Texas. It holds the position of being the largest database management company globally, boasting sales of US$100 million.

Thales S.A.

Thales S.A. was established in 1893 and is headquartered in Paris, France. The company specialises in delivering advanced technologies, electronic systems, software, and equipment, as well as services for the aerospace, defence, and security sectors, including space and ground transportation solutions.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Asia Pacific Identity-as-a-Service (IDaaS) market report are IBM Corp., Microsoft Corp., Broadcom Inc., Google LLC, Capgemini SE, Atos SE, and Okta Inc., among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate value of USD 688.50 Million.

The market is projected to grow at a CAGR of 23.50% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 5682.95 Million by 2034.

The different countries considered in the market report include China, Japan, India, ASEAN, and Australia, among others.

The market is being driven by the rapid digitisation in the region and increasing cases of cyber threats.

The key trends aiding market expansion include the strict data protection regulations in the region and the rapid adoption of cloud-based solutions.

The major deployment types in the market are public cloud, private cloud, and hybrid cloud.

Key players in the market are IBM Corp., Microsoft Corp., Broadcom Inc., Google LLC, Capgemini SE, Oracle Corp., HCL Technologies Ltd., Exostar LLC, Thales S.A., Atos SE, and Okta Inc., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Type
  • Industry Vertical
  • Region
Breakup by Component
  • Single Sign-on
  • Multi Factor Authentication
  • Provisioning
  • Password Management
  • Directory Services
  • Audit, Compliance and Governance
Breakup by Deployment Type
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
Breakup by Industry Vertical
  • BFSI
  • Telecom and IT
  • Government
  • Healthcare
  • Energy and Utilities
  • Manufacturing
  • Others
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corp.
  • Microsoft Corp.
  • Broadcom Inc.
  • Google LLC
  • Capgemini SE
  • Oracle Corp.
  • HCL Technologies Ltd.
  • Exostar LLC
  • Thales S.A.
  • Atos SE
  • Okta Inc.
  • Others

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