Global security assertion markup language (SAML) authentication market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 12%, during the forecast period. To manage ample volume of identities, organizations need to supply reinforced, consistent and unified identity security to users, in order to enhance the operational efficiency. SAML authentication provides the accessibility to transfer information concerning an authenticated user and it does not require any third party to have access to the credentials of the user. It is a standardized, secure solution that provides an excellent user experience by offering a standardized format which can be configured to function with any system, enabling identity federation and a more open approach to architecture. Moreover, increased deployment of cloud-based SAML authentication services in small and medium-sized enterprises drives the growth of the market, owing to the increased incidences of cyber-attacks on these enterprises. The factor that restrains the growth of the SAML authentication market is lack of awareness concerning SAML authentication services and solutions and identity standardization.

Segmental Outlook

The SAML authentication market is segmented on the basis of deployment mode and vertical. Based on deployment mode, the market is bifurcated into on-premise and cloud. On the basis of vertical, the market is sectioned into BFSI, government, IT & telecom, manufacturing, retail, healthcare, and others.

Cloud-based SAML authentication to register significant growth during the forecast period

Among the deployment mode, the cloud-based SAML authentication is expected to grow rapidly during the forecast period. This is attributed to the increased adoption of cloud-based SAML in the small and medium-sized enterprises to secure the data, web applications, infrastructure, mobile devices, and application programming interface APIs from unauthorized and illegal accesses and attacks. Moreover, easy installation, maintenance, and up-gradation further assist organizations in maintaining specific budgets for security purposes, which fuels the requirement for the cloud SAML authentication market. Additionally, it offers various benefits such as easy access to cloud applications by allowing customers to log-in to various cloud applications with a single identity, which in turn, eliminates password fatigue and lower IT management overheads; propelling the segmental growth in the market.

Global SAML Authentication Market by Deployment Mode, 2018 (%)

Regional Outlook

On the basis of geography, the global SAML authentication market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America contributes a significant share in the global SAML authentication market. This is attributed to the escalating adoption of SSO services across the region. Moreover, Asia-Pacific is expected to grow at a significant rate in the global market during the forecast period. This is due to the higher adoption of services such as IoT, BYOD, and web applications for business functions, which in turn, increase the need to secure these services against cyber-attacks and identity-based threats. Furthermore, the small and medium organizations in the region are becoming aware of SAML authentication and are rapidly adopting these services, which is positively impacting the market in the region.

Global SAML Authentication Market Growth by Region, 2019-2025

Market Players

The key players functioning in the global SAML authentication market are IBM Corp., Amazon Web Services, Inc., Microsoft Corp., Oracle Corp., miniOrange Inc., Gemalto NV, and Auth0 Inc. and many others. These market players are continuously contributing to the market by adopting various market techniques and approaches, which includes product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position and to gain expand their offerings in the SAML authentication market.

Recent Developments

• In July 2018, Entrust Datacard and Gemalto NV partnered to provide a trusted cloud-based platform for integrated identity management and data protection for IoT devices and services. Entrust Datacard is among one of the major suppliers of trusted identity and secure transaction technology solutions.
• In October 2018, Oracle Corp. introduces a security patch update for the versions of Oracle Identity Management for the safety and security of the client environment.
• In June 2018, Ping Identity Corp. improved its PingID SDK solutions and PingFederate solutions, which would enhance the authentication process.

The Report Covers

• Annualized market revenues ($ Million) for each market segment.
• Market value data analysis of 2018 and forecast to 2025.
• Company profiles of key players operating in the global SAML authentication market. Based on the availability of data for the category and country, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
• Understand the key distribution channels and identifying the most preferred mode of product distribution.