North America Identity-as-a-Service (IDaaS) Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

North America Identity-as-a-Service (IDaaS) Market Growth

In the first half of 2022, approximately 53.35 million individuals in the United States experienced the impact of cybercrime. From July 2020 to June 2021, the United States emerged as the primary target for cyberattacks, representing 46% of global incidents. In 2021, American citizens incurred losses totalling $6.9 billion due to cyber-related offences, which included romance scams amounting to $956 million, investment scams totalling $1.4 billion, and business email compromise incidents costing $2.39 billion.

The rise in cybercrime is significantly increasing the demand for Identity-as-a-Service (IDaaS) solutions. As cyber threats evolve in complexity, organisations are in need of advanced and scalable identity management systems to safeguard sensitive information and ensure secure access. IDaaS provides strong authentication, real-time monitoring, and extensive access controls, effectively addressing vulnerabilities and reducing risks linked to cyberattacks. This trend underscores the urgent necessity for improved security measures with respect to the growing prevalence of cybercrime.

The United States holds the largest market for the IoT, projected to attain a value of $1 trillion by the year 2025. The increasing adoption of IoT services is fuelling the demand for Identity-as-a-Service (IDaaS) solutions, as organisations strive for secure management of a multitude of connected devices.

Key Trends and Developments

North America Identity-as-a-Service (IDaaS) Market Trends

The IDaaS market in North America is progressively integrating sophisticated multi-factor authentication (MFA) to bolster security measures. This incorporation provides enhanced safeguards against unauthorised access and cyber threats, highlighting an increasing commitment to implementing stronger, multi-layered security protocols for sensitive information.

Additionally, there is a heightened emphasis on Identity Governance and Administration (IGA) within the market. Organisations are focusing on holistic identity management solutions that deliver in-depth visibility, compliance, and oversight of user access, indicating a growing necessity for governance and adherence to regulatory standards.

North America Identity-as-a-Service (IDaaS) Industry Segmentation

North America Identity-as-a-Service (IDaaS) Market Share

Based on country, the market is segmented into the United States and Canada. The United States is projected to grow at a CAGR of 21.8% during the forecast period of 2025-2034 due to the increasing number of IoT devices in the country.

Leading Companies in the North America Identity-as-a-Service (IDaaS) Market

Major players are focusing on technological advancements to gain a competitive edge in the market.

IBM Corp.

IBM Corp., or International Business Machines Corporation, is a global technology firm based in Armonk, New York. Established in 1911, it serves as a provider of worldwide hybrid cloud and artificial intelligence solutions, along with consulting services.

Microsoft Corp.

Microsoft Corporation, established in 1975, is a multinational technology company headquartered in R...

Broadcom Inc.

Broadcom Inc., established in 1961 and based in California, United States, is a prominent global tec...

Capgemini SE

Capgemini SE was established in 1967 and is based in Paris, France. The company operates as a techno...

*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 major players in the market are Google LLC, Oracle Corp., HCL Technologies Ltd., Exostar LLC, Thales S.A., Atos SE, and Okta Inc., among others.