Global Enterprise Single Sign-On Market: Introduction
Enterprise single sign-on is a next generation solution that enables secure and seamless access to any on-premise or cloud based web application from any device, anytime and anywhere. A person can sign in once access multiple application from that single sign in with the help of enterprise single sign-on. The enterprise single sign-on provides organizations with features such as cost effective, quick and easy way to secure access to multiple applications. Enterprise single sign-on includes some administration tolls as well to perform various operations. So the tools provided allows an administrator to monitor operations and set various audit levels, hence all the operations performed on enterprise single sign-on database are audited. The enterprise single sign-on also have client utility which allows end users to configure their own mappings and credentials. So basically the enterprise single sign-on replaces multiple layers of user passwords with single authentications such as biometrics, password, radio badge or a smart car. Thus the access with the help of enterprise single sign-on is immediate whether the applications are internal or external to the company. Once the user has logged in with enterprise single sign-on after authentication, the user will not have to log in again for rest of the session. So once the user provides credentials the user is issued with ticket-granting ticket, which fetches service tickets for other applications without asking the user to re-enter credentials. Organizations can even use two factor authentication or multifactor authentication with enterprise single sign-on to improve the security.
Global Enterprise Single Sign-On Market: Dynamics
The enterprise single sign-on boosts the productivity of the organization with its ability to manage multiple domain and applications, thus this ability of enterprise single sign-on is a key factor driving the growth of the market. The enterprise single sign-on offers better security by eliminating the use of stored and repeated passwords, thus enterprise single sign-on provides improved compliance and security policies, which is another factor fueling the growth of the enterprise single sign-on market. Another factor driving the growth of the enterprise single sign-on market is significant reduction in IT administration and cost for support, as the user has to remember just one credential. Automating connections reduces account lock outs due to faulty keyboards or typos as far as possible. So because of enterprise single sign-on employees no longer lose their application passwords and hence the support call can be reduced up to 30 percent, which is one more factor propelling the demand of enterprise single sign-on market during the forecast period.
Global Enterprise Single Sign-On Market: Segmentation
The global enterprise single sign-on market can be segmented on the basis of component, deployment type, industry and region.
Enterprise Single Sign-On market, by component
Enterprise Single Sign-On market, by deployment type
Enterprise Single Sign-On market, by industry
Global Enterprise Single Sign-On Market: Competition Landscape
Some of the key vendors in enterprise single sign-on market are International Business Machine Corporation, OneLogin, Inc., Dell Software, OKTA, Inc., CA Technologies, NetIQ Corporation, Oracle Corporation, SailPoint Technologies, Inc., Centrify Corporation and Ping Identity Corporation,
Global Enterprise Single Sign-On Market: Regional Outlook
Geographically, the enterprise single sign-on market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.
North America is anticipated to hold the largest share of the enterprise single sign-on market because majority of players exist in this region. Western Europe is anticipated to hold the second highest market share of enterprise single sign-on due to the extensive implementation of enterprise single sign-on solutions across various industries in this region. Moreover, due to the increasing adoption of enterprise single sign-on across countries like China, India, Australia and Japan the enterprise single sign-on market in APAC region is anticipated to grow at highest CAGR during the forecast period.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. It also maps the qualitative impact of various market factors on market segments and geographies.
The growing penetration of the internet, especially in the enterprise and corporate culture has raised the significance of secure and seamless next-generation solutions such as enterprise single sign-on. The ability to access multiple applications with single sign-on from any device and location accounts for the burgeoning demand for such solutions.
Enhanced Security Escalates Demand
Single sign-on is adopted by the enterprises to get rid of the multiple authentication methods such as biometrics, radio badge, and password. The availability of two factor and multiple factor authentication makes the landscape even more lucrative and secure. The high adoption rate of enterprise single sign-on comes from its advantages such as enhanced productivity of the organization and multi-domain management. Besides these benefits, these solutions are regarded as a one-stop solution for improved compliance and security policies which eliminates security vulnerabilities such as stored repeated passwords.
The cost-effectiveness that enterprise single sign-on brings with reduced IT expenditure contributes significantly in the market growth. Demand for automated connections are increasing on the back of reduced account lockouts which can happen with faulty keyboards and other errors. The case of forgotten passwords has significantly reduced with these automated solutions, substantially reducing the number of support calls. Such developments are propelling the progress of the market ahead.
The global market can be segmented by components into solutions and services. Based on deployment types, the market is broadly segregated into the cloud and on-premise solutions. Different industries witnessing a surge in the adoption rate of enterprise single sign-on include BFSI, government, education. healthcare, retail, IT, and telecom. The rise in remote working culture is projected to generate a plethora of growth prospects in the IT and telecom sector by the end of the forecast period.
The market has been expanding in many regions including North America, Latin America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Middle East, Japan, and Africa (MEA), owing to the multiplicity of end-use verticals. With a high concentration of market players, North America is expected to lead the global market in terms of growth rate. With the escalating adoption of enterprise single sign-on solutions in scaling economies such as Australia, China, India, and Japan, the market in the APAC region is projected to grow at a rapid pace during the forecast period. Western Europe is projected to generate lucrative growth opportunities for service providers in the coming years.
Market players are constantly exploring opportunities in developing economies. They are collaborating with enterprises to boost the sale of their enterprise single sign-on solutions. Vendors in the market are leveraging advanced technologies to further enhance the security provided by their solutions. They are increasingly automating the sign-on and sign-off to systems and applications to enhance the ease of operation and accessibility. The competition is intensifying with new solutions providing enterprise-wide quick and strong authentication.
Established players profiled in the global enterprise single sign-on solution market include international Business Machine Corporation, SailPoint Technologies, Inc., CA Technologies, Dell Software, Oracle Corporation, and Ping Identity Corporation.