Japan IDaaS Market revenue is projected to grow at a CAGR of 14.4% during 2024-2030F

Large enterprises segment by Organisation Size held the highest revenue share of Japan IDaaS Market -6Wresearch

In 2023, Large enterprises lead the IDaaS market in Japan due to their need for advanced identity management solutions, complex organizational structures, and stringent compliance requirements. They invest significantly in security, engage in long-term contracts, and have larger budgets, resulting in higher revenue shares for IDaaS providers.

According to 6Wresearch, Japan IDaaS Market revenue is projected to grow at a CAGR of 14.4% during 2024-2030F.  The IDaaS market in the Japan has experienced steady growth recently, by the BFSI sector, which has shown resilience post-COVID-19. The sector is enhancing digital payments through Central Bank Digital Currency initiatives and promoting cashless transactions, which rose to 36% in 2022. As financial institutions focus on security and efficiency, the demand for IDaaS solutions is expected to grow, supporting compliance and safeguarding customer data. Japan's IDaaS market is poised for continued growth, primarily driven by the healthcare sector's expansion, which is largely attributed to the aging population and rising health expenditures, recorded at 10.82% of GDP in 2021. The emergence of technologies such as Sports Tech, projected to reach a market size of $55.2 million by 2027, underscores the need for secure identity management to protect sensitive health information. This demand for robust identity solutions is anticipated to further propel the upward trajectory of the IDaaS market.

Furthermore, Japan's manufacturing sector, contributing 20% to GDP, is a key driver for IDaaS demand. With major automotive players and the government's goal to increase electric vehicles to 20-30% by 2030, the need for secure identity management intensifies. As manufacturers adopt Industry 4.0 technologies like IoT, the requirement for centralized identity solutions grows, further driving IDaaS market expansion.

According to Parth, Senior Research Analyst, 6Wresearch, Single Sign-On (SSO) captured a significant share of Japan’s IDaaS market, driven by the rising adoption of cloud services. As the number of enterprises grows, demand for SSO solutions would increase, enabling seamless access to multiple applications and streamlining identity management across cloud platforms.

Japan IDaaS Market (2024-2030) report provides an in-depth analysis with 19 figures and 5 tables, covered in 72 pages. The report thoroughly covers market by solution, organization size, deployment type and by vertical. Japan IDaaS Market outlook report provides an unbiased and detailed analysis of the on-going Japan IDaaS 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.