Single Sign On Software Statistics 2024

As we navigate the digital era, the importance of secure and efficient access management cannot be overstated. Single Sign-On (SSO) software has emerged as a linchpin in the realm of cybersecurity, offering a seamless and secure solution for user authentication across multiple platforms. Understanding the latest statistics about SSO software in 2024 is crucial for gaining insights into how businesses are evolving to meet security demands while improving user experience. This data sheds light on the growing reliance on SSO solutions and reveals the trends shaping the future of digital identity management.

Key stakeholders, including IT professionals, business leaders, and cybersecurity experts, will find this data invaluable. For IT departments, it provides a benchmark for evaluating and selecting the most effective SSO solutions. Business leaders can leverage these insights to make informed decisions, ensuring they invest in technologies that bolster security and streamline operations. Meanwhile, cybersecurity professionals gain a deeper understanding of the threats and opportunities associated with SSO implementation, allowing them to craft more robust security frameworks.

By delving into these statistics, decision-makers can stay abreast of cutting-edge developments and emerging trends in SSO software. This data doesn’t just highlight the current landscape; it informs strategic planning and investment, empowering organizations to navigate the dynamic cybersecurity environment with confidence and foresight.

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Top Single Sign On Software Statistics 2024

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General Cybersecurity Trends & Statistics

• The focus for 2023 and beyond needs to be on the cyber-attack surface and vectors to mitigate threats and enhance resiliency and recovery. ^[?]
• 34.5% of polled executives reported that their organizations’ accounting and financial data were targeted by cyber adversaries in the past 12 months. ^[1]
• 48.8% of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. ^[1]
• Only 20.3% of polled executives say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity. ^[1]
• AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027. ^[1]
• The cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. ^[1]
• At least one open source vulnerability was found in 84% of the code bases examined. ^[2]
• All code bases examined in aerospace, aviation, automotive, transportation, and logistics sectors contained some open source code, making up 73% of total code. ^[2]
• 91% of code bases examined that included risk assessments contained outdated versions of open-source components. ^[2]
• In 2022, 76% of organizations were targeted by a ransomware attack, with 64% actually infected. ^[2]
• Only 50% of these organizations managed to retrieve their data after paying the ransom. ^[2]
• 78% of business email compromise (BEC) involved fake CEO emails using common CEO phrases. ^[2]
• 82% of BEC emails were sent using free email services. ^[2]
• Consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. ^[2]
• Over 1.1 million reports of identity theft were received through the FTC’s IdentityTheft.gov website in 2022. ^[2]
• The global average cost of a data breach is $3.9 million across SMEs. ^[9]
• 86% of breaches were financially motivated and 10% were motivated by espionage. ^[9]
• Email is the primary entry point of 94% of malware attacks. ^[9]
• Cybercrime is set to cost $6 trillion in 2021, doubling from 2015. ^[9]

Single Sign-on (sso) Software

• Azure Active Directory provides secure and seamless access to Microsoft’s suite of productivity and collaboration tools, such as Office 365, SharePoint, and Dynamics 365. ^[3]
• Microsoft Entra ID (formerly Azure Active Directory) is the most popular cloud-based user directory service globally. ^[6]
• Microsoft Entra ID supports several protocols for single sign-on, including SAML 2.0, OpenID Connect (OIDC), OAuth 2.0, and WS-Federation. ^[6]
• With Entra ID SSO, users can log into all their applications seamlessly from any device using only their Microsoft 365 credentials. ^[6]
• Okta is a leading global identity provider, used by more than 10,000 organizations globally to secure access for enterprise workforces and customer-facing applications. ^[6]
• Okta Single Sign-on is easy to deploy, with pre-built integrations across more than 7,000 enterprise cloud applications. ^[6]
• OneLogin Secure Single Sign-On enables secure, one-click login, with pre-built integrations across more than 6,000 enterprise applications. ^[6]
• Ping Identity currently manages more than two billion identities globally, including some of the world’s leading organizations. ^[6]
• SecureAuth Identity Platform’s SSO empowers users to access connected applications, including Microsoft 365, Slack, and Salesforce, using only one set of password credentials. ^[6]
• SAML 2.0 supports W3C XML encryption and service-provider-initiated web browser single sign-on exchanges. ^[10]

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Cybersecurity Market

• The Cybersecurity Market size is estimated at USD 182.84 billion in 2024 and is expected to reach USD 314.28 billion by 2029, growing at a CAGR of 11.44% during the forecast period (2024-2029). ^[4]
• Cybercrimes cost the world almost USD 600 billion yearly, or 0.8% of global GDP. ^[4]
• The worldwide information security market is forecast to reach $170.4 billion in 2022. ^[9]
• It is expected to show an annual growth rate from 2023 to 2028 of 9.63%, resulting in a market volume of $256.50 billion by 2028. ^[7]
• The global cybersecurity market share is worth $660.67 billion by 2030, growing at a CAGR of 15.9% from 2022 to 2030. ^[8]
• The Internet saw extraordinary growth in the 21st century, and the threat of cyberattacks grew along with it. ^[8]
• By 2025, humanity’s collective data will reach 175 zettabytes, a number followed by 21 zeros. ^[2]
• The global cybersecurity market size is estimated at USD 182.86 billion in 2023 and is expected to reach USD 314.28 billion by 2028, growing at a CAGR of 11.44% during the forecast period (2023-2028). ^[11]
• The total cost of damages incurred by cybercrime is expected to reach $10.5 trillion by 2025. ^[5]
• The average cost of an organization detecting and escalating a data breach is $1.58 million. ^[5]

Key Cybersecurity Statistics

• 2023 saw a 72% increase in data breaches since 2021, which held the previous all-time record. ^[5]
• Email is the most common vector for malware, with around 35% of malware delivered via email in 2023. ^[5]
• Business email compromises accounted for $2.7 billion in losses in 2022. ^[5]
• Information security jobs are projected to grow by 32% between 2022 and 2032. ^[5]
• The year 2023 saw a notable increase in cyberattacks, resulting in more than 343 million victims. ^[5]
• Seven percent of ransomware attacks resulted in financial loss in 2023, with a median ransom payment of $10,000. ^[5]
• The average annual wage for information security analysts in the U.S. was $112,000 in 2022. ^[5]
• The U.S. employed approximately 1.18 million cybersecurity professionals between September 2022 and August 2023, an increase of 59% since 2010. ^[5]
• The median annual wage for information security analysts is $112,000. ^[5]
• The top-paying cybersecurity roles as of January 2024 include cybersecurity managers, architects, and engineers. ^[5]
• Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025. ^[12]
• The healthcare industry will respond by spending $125 billion cumulatively from 2020 to 2025 to beef up its cyber defenses. ^[12]
• The FY 2020 U.S. President’s Budget includes $17.4 billion of budget authority for cybersecurity-related activities, a $790 million (5 percent) increase above the FY 2019 estimate. ^[12]
• Organized cybercrime entities are joining forces, and their likelihood of detection and prosecution is estimated to be as low as 0.05 percent in the U.S. ^[12]
• The FBI is particularly concerned with ransomware hitting healthcare providers, hospitals, 911, and first responders. ^[12]

Cybersecurity & Remote Work

• Since COVID-19, the FBI has reported a 300% increase in cybercrimes. ^[9]
• Cyber attacks have been rated the fifth top-rated risk in 2020 and become the new norm across public and private sectors. ^[7]
• The COVID-19 pandemic has further fueled the market due to a surge in cybercriminal activities, creating a demand for cybersecurity solutions to minimize cyber risks. ^[4]
• COVID-19 caused significant disruption to businesses on a global scale and accelerated the growth of cybercriminal activities in private and government enterprises supported by digital transformation. ^[4]
• COVID-19 pandemic’s impact led to significant increases in cyberattacks, with a notable 300% rise in reported cybercrimes. ^[9]
• Most companies take nearly 6 months to detect a data breach, even major ones. ^[9]
• 86% of breaches were financially motivated and 10% were motivated by espionage. ^[9]
• The global average cost of a data breach is $3.9 million across SMEs. ^[9]

Cybersecurity Predictions

• Cybercrime is predicted to cost the world $9.5 trillion USD in 2024, slightly lower than the projected growth rate. ^[11]
• Global cybercrime damage costs are expected to grow by 15% per year over the next two years, reaching $10.5 trillion USD annually by 2025. ^[11]
• For 2023, the United States continues to have the highest cost of a data breach at $5.09M. ^[11]
• Nearly half (47%) of companies now have a policy to pay ransoms associated with cybersecurity threats, a 13% increase from the previous year. ^[11]
• The average cost of recovering from a ransomware attack in 2023 was $1.82 million, excluding the ransom payment. ^[11]
• The total cost of cybercrime is projected to reach a staggering $10.5 trillion by 2025. ^[5]
• The average cost of an organization detecting and escalating a data breach is $1.58 million. ^[5]
• Information security jobs are projected to grow by 32% between 2022 and 2032. ^[5]
• In 2023 alone, more than 353 million people were impacted by data breaches. ^[5]

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