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Single Sign On Market Size, Share, Industry Trends and Forecast to 2030

Single Sign On Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.

  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

**Single Sign On Market Size & CAGR in 2021:** The global Single Sign On market is expected to witness a substantial growth rate in 2021 with a CAGR of around 8.5%. The market size is projected to reach USD 10.5 billion by the end of 2021. The rising focus on data security and increasing adoption of cloud-based solutions are the key factors driving the growth of the Single Sign On market. **COVID-19 Impact on the Single Sign On Market:** The outbreak of COVID-19 has significantly impacted the Single Sign On market. With the shift towards remote work environments, organizations have been increasingly adopting Single Sign On solutions to ensure secure access to various applications and systems for their employees working from home. This has led to a surge in the demand for Single Sign On solutions during the pandemic. **Single Sign On Dynamics:** Single Sign On (SSO) is a user authentication process that allows a user to access multiple applications with a single set of login credentials. This eliminates the need for users to remember multiple passwords for different applications, thereby improving user experience and enhancing security. The growing emphasis on cybersecurity and data protection has propelled the adoption of Single Sign On solutions across various industries. **Segments and Related Analysis:** The Single Sign On market can be segmented based on deployment model, organization size, industry vertical, and region. By deployment model, the market is categorized into cloud-based and on-premises solutions. Based on organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. The industry verticals covered include healthcare, IT & telecommunications, BFSI, retail, and others. **By Region Analysis:** - **North America**: The North American region dominates the Single Sign On market, driven by the presence of leading technology companies and the high adoption of cloud-based solutions in the region. - **Europe**: The European market for Single Sign On is witnessing steady growth, with increasing investments in cybersecurity solutions by organizations across various industry verticals. - **Asia Pacific**: The Asia Pacific region is expected to register significant growth in the Single Sign On market, fueled by the rapid digitization of businesses and the increasing focus on data security. - **Latin America**: The Latin American region is showing promising growth opportunities for Single Sign On vendors, owing to the growing awareness about the benefits of SSO solutions among enterprises. - **Middle East and Africa**: The Middle East and Africa region are also witnessing a surge in the adoption of Single Sign On solutions, driven by the increasing number of cyber threats and the need for robust authentication mechanisms. **Key Market Players and Competitive Landscape:** Some of the key players in the Single Sign On market include Okta Inc., IBM Corporation, OneLogin Inc., Microsoft Corporation, Ping Identity Corporation, Salesforce.com Inc., among others. These players are focusing on strategic partnerships, product innovations, and acquisitions to strengthen their market position and expand their customer base. **Recent Happenings in the Single Sign On Market:** - In June 2021, Okta Inc. announced the acquisition of Auth0, a leading identity platform, to enhance its Single Sign On offerings and expand its customer base. - In August 2021, Microsoft Corporation launched Azure Active Directory Conditional Access to provide secure access to applications through Single Sign On. - In October 2021, Ping Identity Corporation introduced new Single Sign On capabilities to streamline authentication processes for users across various applications. As organizations continue to prioritize data security and user experience, the Single Sign On market is expected to witness significant growth in the coming years. With the increasing adoption of cloud-based solutions and the rising number of cyber threats, Single Sign On solutions have become essential for organizations to ensure secure access to their applications and systems.

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