Security Assertion Markup Language Saml Authentication Market | Contrive Datum Insights

The global Security Assertion Markup Language (SAML) authentication market estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$6.2 Billion by 2028, growing at a CAGR of 15.7% over the analysis period 2020-2030.

Security Assertion Markup Language (SAML) Authentication Market Overview

SAML authentication is a standardized authentication method used to prove a person's identity and allow access to all external applications and services they wish to access. SAML is a set of standards that enables all Internet users to log in using web portals and seamlessly access information or other online services without requiring multiple logins to provide credentials. SAML is an open-source XML protocol that enables the exchange of information for authentication and authorization between identity providers and service providers, typically cloud or web-based applications. SAML is also used with other terms such as token-based authentication, security token service, identity federation, and identity federation. It was first published in 2002 by the Organization for the Advancement of Structured Information Standards (OASIS). The Security Assertion Markup Language (SAML) authentication market is driven by the increasing need to efficiently manage bulk identities and the increasing need for a consistent and unified approach to securing identities.

The Security Assertion Markup Language (SAML) Authentication Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Security Assertion Markup Language (SAML) Authentication market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Gemalto (Netherlands), Ping Identity (US), AWS (US), Microsoft (US), Oracle (US), and others.

Industry Development:

• In July 2019, Gemalto partnered with Entrust Datacard, a provider of identity and secure transaction technology. Gemalto provides a trusted cloud platform for integrated identity management and data protection solutions for Internet of Things (IoT) devices and services.

What are the major Applications, Types, and Regions for the Security Assertion Markup Language (SAML) Authentication Market?

Based on Components:

• Solution
• Services

1. Consulting
2. Support and maintenance
3. Training and education

Based on Organization Size:

• Small and Medium-sized Enterprises (SMEs)
• Large enterprises

Based on Deployment Modes:

• Cloud
• On-premises

Based on verticals:

• Banking, Financial Services, and Insurance (BFSI)
• Government and defense
• IT and telecommunications
• Manufacturing
• Retail
• Healthcare
• Energy and utilities

Security Assertion Markup Language (SAML) Authentication Market Regional Insights:

North America dominated the global Security Assertion Markup Language (SAML) authentication market in 2019 owing to the presence of mature and technologically advanced players in the region. The United States is an important market in North America owing to the rise in incidents of cyber attacks, which is expected to drive the security assertion markup language market in the country. The European Security Assertion Markup Language (SAML) authentication market is expected to hold the second position during the review period, mainly due to regulatory compliance requirements and rapid economic growth in countries such as the UK and Germany. Moreover, the increasing availability of cloud-based services increases the sensitivity of the information, which in turn drives the market growth.
Asia Pacific is expected to be the third leading region in terms of adoption of Security Assertion Markup Language (SAML) authentication across industry verticals. Some commercial organizations store their sensitive information in the cloud and require a strong authentication system to handle identity and access management. The regional market has been segmented into China, India, Japan, and the Rest of Asia Pacific. China is the leading country-level market, while India is projected to be the fastest-growing country during the forecast period. The Chinese market is expected to report the highest market share due to factors such as a high number of enterprise users, which makes them a must for implementing SAML authentication solutions and services. Additionally, India is witnessing an increase in the number of IT service providers in the country.

Geographically, the global Security Assertion Markup Language (SAML) Authentication market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The Global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Security Assertion Markup Language (SAML) Authentication Market Report Scope:

Frequently Asked Questions (FAQ) about the Security Assertion Markup Language (SAML) Authentication market:

What is the CAGR of the global Security Assertion Markup Language (SAML) Authentication market?

The Security Assertion Markup Language (SAML) Authentication Market is growing at a CAGR of 14.11% during the forecast period.

Which region would offer high growth for vendors in the Security Assertion Markup Language (SAML) Authentication market?

North America dominated the global Security Assertion Markup Language (SAML) authentication market in 2019

Which Is the Most potential market segment?

Based on Components:

• Solution
• Services

1. Consulting
2. Support and maintenance
3. Training and education

Which are the top industry players in the Security Assertion Markup Language (SAML) Authentication market?

Gemalto (Netherlands), Ping Identity (US), AWS (US), Microsoft (US), Oracle (US)