Global OpenID Connect Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2026- Increasing adoption of cloud-based encryption solution, rising use of social media platform and rising number of cyber-attacks across the globe are some of the major factors driving the growth of the Global OpenID Connect Market.
Scope of Global OpenID Connect Market Report-
OpenID Connect is an open standard and decentralized authentication, OpenID Connect is a simple identity layer helps to verify the authenticity of the users. This protocol is very easy for developers to integrate, compared to any preceding identity protocol. By using OpenID Connect, developers can authenticate their users without having to own and manage password files across websites and apps. OpenID Connect is one of the most important ways that used to access authorization and information passed between two parties online. Users create accounts and then sign onto any website by selecting an OpenID identity provider, which accepts OpenID authentication. It can be used to transform identity control by allowing single sign-on, increasing information security and helping to manage identity through the Internet of Things.
Global OpenID Connect market report is segmented on the basis of application, industry vertical and region & country level. Based upon application, OpenID connect market is classified into Internet of things, mobile information management and BYOD and native SSO. Based upon industry vertical, OpenID connect market is classified into BFSI, IT and telecom, government and defense, ecommerce, health care, energy and power, oil & gas, others (media and entertainment, hospitality, gaming, education, and manufacturing).
Get Sample Copy of This Premium Report: @ https://brandessenceresearch.com/requestSample/PostId/1394
The regions covered in this OpenID Connect market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of OpenID Connect is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for OpenID Connect-
OpenID Connect market report covers prominent players are Okta, Gigya Beacon, Google, Microsoft, Ping Identity, ForgeRock, RSA SecurID, Gigya, Janrain, Cisco Identity Services Engine, SSH, Microsoft Forefront Identity Manager, CyberArk and others.
Global OpenID Connect Market Dynamics–
Increasing adoption of cloud-based encryption solution, rising use of social media platform and rising number of cyber-attacks across the globe are some of the major factors driving the growth of the global OpenID connect market. According to CSIS recent report, Russian intelligence tried to steal information related to COVID-19 vaccine development. According to The Center for Strategic and International Studies, Chinese hackers targeted over 75 organizations around the world as part of a broad-ranging cyber espionage campaign in the manufacturing, media, healthcare and nonprofit sectors. In addition, growing native apps popularity due to its ease of use and ease of distribution, more demand for default OAuth in native environments and increasing number of internet users and growing adoption of cloud services are the key factors expected to foster the growth of OpenID connect market within the forecast peried. As per World Bank, the number of internet users has increased in the U.S. by nearly 28% from 206.01 million in 2006 to 286.94 million in 2016. Furthermore, OpenID Connect has huge demand in the financial sector due to the adoption of OpenID Connect solutions to protect their infrastructure and critical information from frauds and thefts.
However, high cost of authentication solutions and lack of skilled IT professionals may hamper the growth of market. In spite of that, growing trend of BYOD, increasing research and development activities and growing data security concern can create wide opportunities for the further growth of the global OpenID connect market.
Global OpenID Connect Market Regional Analysis–
North America is expected to dominate the global OpenID connect market with the potential rate within forecast peried due to increasing number of data breaches and cyber-attacks, rise in internet penetration, early adoption of OpenID Connect and presence of leading vendors that provide OpenID connect solutions in this region. According to World Bank, nearly 287 million internet users accessed the web from United States. Additionally, increasing implementation of OpenID connect solution for data security, preventing cyber-attacks, ensuring security and privacy of data across various industries in this region is also supplementing the market growth.
The Asia Pacific is expected to emerge as the fastest-growing regional OpenID connect market over the forecast period due to the increasing demand for advanced e-mail encryption technologies, rising penetration of the internet, increasing number of cyber-attacks and low-cost cloud-based services across various countries in this region. As per World Economic Forum, China is the largest market of internet users with 21%, while India holds second place with 12% of internet users.
Key Benefits for Global OpenID Connect Market Report–
Global OpenID connect Market report covers in depth historical and forecast analysis.
Global OpenID connect Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global OpenID connect Market report helps to identify opportunities in market place.
Global OpenID connect Market report covers extensive analysis of emerging trends and competitive landscape.
Global OpenID Connect Market Segmentation;–
By Application:
Internet of Things
Mobile Information Management and BYOD
Native SSO
By Industry Vertical:
BFSI
IT and Telecom
Government and Defense
eCommerce
Health Care
Energy and Power
Oil & Gas
Others (Media and Entertainment, Hospitality, Gaming, Education, and Manufacturing)
By Regional & Country Analysis:
North America
U.S.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
South America
Brazil
Argentina
Columbia
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Get Full Report :@ https://brandessenceresearch.com/technology-and-media/openid-connect-market-growth-report
About Us:
Brandessence Market Research and Consulting Pvt. ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact us at: +44-2038074155 or mail us at sales@industrystatsreport.com
Website: https://brandessenceresearch.com/
Article: https://businessstatsnews.com
Blog: http://www.dailyindustrywatch.com
Blog: https://marketsize.biz
Blog: https://technologyindustrynews.com
Blog: https://marketstatsreport.com