Introduction:
The Security Assertion Markup Language (SAML) is an open standard for exchanging authentication and authorization information between different systems. SAML allows users to log in to multiple applications with a single set of credentials, which improves security and convenience.
SAML authentication solutions typically include the following features:
- Identity provider (IdP): The IdP is responsible for authenticating users and issuing SAML assertions.
- Service provider (SP): The SP is responsible for receiving SAML assertions from the IdP and granting access to applications based on the assertions.
- SAML assertion: A SAML assertion is an XML document that contains information about the user's identity and authorization.
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Market USP:
The Security Assertion Markup Language (SAML) authentication market is a rapidly growing market, driven by the increasing need for businesses to protect their data and systems from cyberattacks. SAML is an open standard for exchanging authentication and authorization information between different systems. It allows users to log in to multiple applications with a single set of credentials, which improves security and convenience.
SAML authentication solutions are used by businesses of all sizes, from startups to large enterprises. They are also used by a variety of industries, including healthcare, finance, and government.
Latest News:
- On September 26, 2023, Okta announced the launch of its new Okta SAML Bridge solution. Okta SAML Bridge is a cloud-based service that helps businesses to connect their SAML-based applications to the Okta Identity Cloud.
- On September 25, 2023, Ping Identity announced the launch of its new PingFederate 11 solution. PingFederate 11 is a SAML-based identity and access management solution that helps businesses to protect their data and systems from cyberattacks.
Key Takeaways:
- The global SAML authentication market is expected to reach $3.11 billion by 2030, growing at a CAGR of 4.00% during the forecast period.
- The North American region is expected to account for the largest share of the market in 2030, followed by the Asia Pacific region.
- The key players in the SAML authentication market include Okta, Ping Identity, Auth0, IBM, and Microsoft.
Advantages:
SAML authentication offers a number of advantages, including:
- Improved security: SAML authentication helps businesses to improve the security of their data and systems by preventing unauthorized access.
- Increased convenience: SAML authentication allows users to log in to multiple applications with a single set of credentials, which improves convenience.
- Reduced costs: SAML authentication can help businesses to reduce costs by eliminating the need to develop and manage their own authentication systems.
Regional Insights:
The North American region is expected to account for the largest share of the SAML authentication market in 2030, followed by the Asia Pacific region. The growth in the North American region is attributed to the early adoption of SAML authentication solutions by businesses in the region. The growth in the Asia Pacific region is attributed to the increasing urbanization and the rising demand for SAML authentication solutions from businesses in the region.
Competitive Landscape:
The SAML authentication market is highly competitive, with a number of players offering a variety of solutions and services. The key players in the market include Okta, Ping Identity, Auth0, IBM, and Microsoft. These players are investing heavily in research and development to develop new and innovative SAML authentication solutions.
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