Auth0 Registers Record Growth In 2017

Identity-as-a-Service or IDaaS has gained a significant popularity in recent years. People from all walks of IT world are now keen to use these cloud-based security services because of the added security and reduced complications of the process.

Auth0, a leading IDaaS provider that operates in more than 70 countries, has recently revealed in a press release that they have more than doubled their revenue in 2017 and registered a record growth in their customer base.

The company looks pretty excited about this achievement. The CEO and co-founder of Auth0, Eugenio Pace, stated,

Auth0’s global expansion is a true indication of the growing need and increasing demand for end-to-end identity management. I credit the hard work of our entire team for a banner year in 2017. We are dedicated to continued product innovation and customer success, and are looking forward to another year of tremendous growth.”

Well, the growth Auth0 has shown is worth-noticing, especially when Cloud-based technologies have captured a large portion of the market and the predictions indicate that the worldwide identity and access management (IAM), IDaaS, and user authentication market will reach $3.4 billion by 2020. The company proudly says that it authenticates and secures more than 50M logins per day and will expand its support as the market grows.

Here is a snippet from the press release -

“As the market continues on an upward trajectory, Auth0 is prepared to help companies with any identity and access management needs with its fully customizable, secure, and easy-to-implement platform. Continued innovations to the platform and a focus on scalability added more than 1,500 new customers to the company’s roster in 2017 alone.”

You can read the full press release here.