Market Forecast By Component (Provisioning, Single-Sign-On, Advanced Authentication, Audit, Compliance, and Governance, Directory Services, Password Management), By Organization Size (SMEs, Large Enterprises), By Deployment Type (Public cloud, Private cloud, Hybrid cloud), By Vertical (BFSI, IT and ITeS, Energy and Utilities, Government, Manufacturing, Healthcare, Retail and Consumer Goods, Other Verticals (Education, Media and entertainment, Transportation and logistics, Travel and hospitality, and Aerospace and defense)) And Competitive Landscape
| Product Code: ETC4385256 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 3 |
| Report Name | Australia IDaaS Market |
| Forecast period | 2025-2031 |
| CAGR | 2.1% |
| Growing Sector | BFSI |
Australia IDaaS Market report thoroughly covers the market by component, Organisation size, deployment type and Verticals. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia IDaaS Market is poised for growth due to its robust economic landscape, high adoption of cloud-based services, and increasing awareness of the importance of identity management. The presence of established global players and emerging local firms creates a competitive environment that drives innovation and enhances service offerings. As more organizations recognize the benefits of IDaaS solutions in improving security, accessibility, and efficiency, the demand for such services is expected to rise steadily. This growth trajectory indicates a bright future for the Australia IDaaS market, making it an attractive investment opportunity for both local and international players.
According to 6Wresearch, the Australia IDaaS Market size is projected to grow at the CAGR of 2.1% during the forecast period of 2025-2031. One of the key drivers for the Australia IDaaS market is the growing need for secure identity management solutions. As data breaches and cyber-attacks continue to rise, organizations are becoming more aware of the importance of protecting their sensitive information and maintaining compliance with privacy regulations. IDaaS solutions offer a centralized and secure way to manage user identities, access controls, and authentication processes, reducing the risk of data breaches and unauthorized access. Another significant driver is the increasing adoption of cloud-based services in Australia. The country has a mature cloud market, with businesses across various industries leveraging cloud technology to improve efficiency and scalability while reducing costs. With IDaaS solutions being offered as a Software-as-a-Service (SaaS) model, they are easily accessible through the cloud, making it a convenient and cost-effective option for organizations. However, there are also some challenges that the Australia IDaaS Industry may face in its growth. One of the main challenges is the lack of awareness about IDaaS solutions among small and medium-sized enterprises (SMEs). SMEs often have limited resources and may not prioritize investing in identity management, making it crucial for IDaaS providers to educate and showcase the benefits of their solutions. Another challenge is the complexity of integrating IDaaS with existing systems. Many organizations in Australia may have legacy identity management systems in place, making it challenging to migrate to a new solution. This can result in longer implementation times and higher costs, which could deter some businesses from adopting IDaaS. Furthermore, due to the sensitive nature of identity management, organizations may also face resistance from employees who are concerned about the security and privacy of their personal information. It is essential for IDaaS providers to address these concerns and demonstrate the robust security measures in place to protect user data.
The Australian government has actively promoted the adoption of Identity as a Service (IDaaS) solutions through various policies and schemes aimed at enhancing cybersecurity and streamlining digital services. Notably, the Digital Transformation Agency's Secure Cloud Strategy and the Australian Cyber Security Strategy have played crucial roles in setting frameworks for the safe and efficient use of cloud-based identity management services. These policies emphasize the importance of secure digital identities in improving the accessibility and reliability of public services while protecting personal information against cyber threats.
The IDaaS market in Australia is characterized by the presence of both global and local players, contributing to a competitive and dynamic landscape. Notable companies such as Okta, Microsoft, and IBM dominate due to their comprehensive suite of services, robust security features, and established reputation. Additionally, Australian-based firms like Identitii and SecureAuth are making significant strides by offering innovative solutions tailored to meet the unique requirements of the Australian market and regulatory environment.
The future of the Australia IDaaS market looks promising, driven by increasing awareness of cybersecurity threats, the government's push for digital transformation, and the need for efficient remote access to services. With advancements in technologies such as blockchain and artificial intelligence, IDaaS solutions are expected to become more secure, user-friendly, and versatile. This evolution will likely support a wider adoption across various sectors, including finance, healthcare, and government services, positioning Australia as a leader in secure and innovative identity management solutions and these policies have led to major rise in Australia IDaaS Market Share.
The public cloud segment is expected to experience the highest growth in the Australia IDaaS market. This can be attributed to its lower costs, scalability, and flexibility compared to private or hybrid cloud deployments. Additionally, public cloud providers have been investing heavily in enhancing their security measures and gaining certifications, making them a more attractive option for organizations concerned about data security and privacy.
According to Ravi Bhandari, Research Head, 6Wresearch, the BFSI (banking, financial services, and insurance) segment is expected to be the fastest-growing vertical in the Australia IDaaS market. This can be attributed to the high adoption rate of cloud-based solutions in this industry due to its sensitive nature and need for secure and efficient identity management systems.
The report offers a comprehensive study of the subsequent market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Australia IDaaS Market Overview |
| 3.1 Australia Country Macro Economic Indicators |
| 3.2 Australia IDaaS Market Revenues & Volume, 2021 & 2031F |
| 3.3 Australia IDaaS Market - Industry Life Cycle |
| 3.4 Australia IDaaS Market - Porter's Five Forces |
| 3.5 Australia IDaaS Market Revenues & Volume Share, By Component, 2021 & 2031F |
| 3.6 Australia IDaaS Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
| 3.7 Australia IDaaS Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
| 3.8 Australia IDaaS Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
| 4 Australia IDaaS Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing adoption of cloud-based services in Australia |
| 4.2.2 Growing emphasis on data security and privacy compliance |
| 4.2.3 Rise in remote work trends and need for secure access solutions |
| 4.3 Market Restraints |
| 4.3.1 Concerns over data privacy and security risks associated with identity and access management solutions |
| 4.3.2 Lack of awareness among small and medium-sized enterprises about the benefits of IDaaS solutions |
| 5 Australia IDaaS Market Trends |
| 6 Australia IDaaS Market, By Types |
| 6.1 Australia IDaaS Market, By Component |
| 6.1.1 Overview and Analysis |
| 6.1.2 Australia IDaaS Market Revenues & Volume, By Component, 2021-2031F |
| 6.1.3 Australia IDaaS Market Revenues & Volume, By Provisioning, 2021-2031F |
| 6.1.4 Australia IDaaS Market Revenues & Volume, By Single-Sign-On, 2021-2031F |
| 6.1.5 Australia IDaaS Market Revenues & Volume, By Advanced Authentication, 2021-2031F |
| 6.1.6 Australia IDaaS Market Revenues & Volume, By Audit, Compliance, and Governance, 2021-2031F |
| 6.1.7 Australia IDaaS Market Revenues & Volume, By Directory Services, 2021-2031F |
| 6.1.8 Australia IDaaS Market Revenues & Volume, By Password Management, 2021-2031F |
| 6.2 Australia IDaaS Market, By Organization Size |
| 6.2.1 Overview and Analysis |
| 6.2.2 Australia IDaaS Market Revenues & Volume, By SMEs, 2021-2031F |
| 6.2.3 Australia IDaaS Market Revenues & Volume, By Large Enterprises, 2021-2031F |
| 6.3 Australia IDaaS Market, By Deployment Type |
| 6.3.1 Overview and Analysis |
| 6.3.2 Australia IDaaS Market Revenues & Volume, By Public cloud, 2021-2031F |
| 6.3.3 Australia IDaaS Market Revenues & Volume, By Private cloud, 2021-2031F |
| 6.3.4 Australia IDaaS Market Revenues & Volume, By Hybrid cloud, 2021-2031F |
| 6.4 Australia IDaaS Market, By Vertical |
| 6.4.1 Overview and Analysis |
| 6.4.2 Australia IDaaS Market Revenues & Volume, By BFSI, 2021-2031F |
| 6.4.3 Australia IDaaS Market Revenues & Volume, By IT and ITeS, 2021-2031F |
| 6.4.4 Australia IDaaS Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
| 6.4.5 Australia IDaaS Market Revenues & Volume, By Government, 2021-2031F |
| 6.4.6 Australia IDaaS Market Revenues & Volume, By Manufacturing, 2021-2031F |
| 6.4.7 Australia IDaaS Market Revenues & Volume, By Healthcare, 2021-2031F |
| 6.4.8 Australia IDaaS Market Revenues & Volume, By Other Verticals (Education, Media and entertainment, Transportation and logistics, Travel and hospitality, and Aerospace and defense), 2021-2031F |
| 6.4.9 Australia IDaaS Market Revenues & Volume, By Other Verticals (Education, Media and entertainment, Transportation and logistics, Travel and hospitality, and Aerospace and defense), 2021-2031F |
| 7 Australia IDaaS Market Import-Export Trade Statistics |
| 7.1 Australia IDaaS Market Export to Major Countries |
| 7.2 Australia IDaaS Market Imports from Major Countries |
| 8 Australia IDaaS Market Key Performance Indicators |
| 8.1 User adoption rate of IDaaS solutions |
| 8.2 Number of data breaches or security incidents reported in organizations not using IDaaS |
| 8.3 Percentage increase in demand for multi-factor authentication solutions |
| 9 Australia IDaaS Market - Opportunity Assessment |
| 9.1 Australia IDaaS Market Opportunity Assessment, By Component, 2021 & 2031F |
| 9.2 Australia IDaaS Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
| 9.3 Australia IDaaS Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
| 9.4 Australia IDaaS Market Opportunity Assessment, By Vertical, 2021 & 2031F |
| 10 Australia IDaaS Market - Competitive Landscape |
| 10.1 Australia IDaaS Market Revenue Share, By Companies, 2024 |
| 10.2 Australia IDaaS Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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