Okta’s Number of Customers Worldwide (2016-2022)

This statistic shows Okta’s Number of Customers Worldwide, reported on a quarterly basis from Q1 2016 onwards.

Okta is the top independent business identity management platform. The Okta Identity Cloud is driven by the category-defining platform, which allows businesses to securely connect the right people to the appropriate technologies and services at the right time. Okta Identity Cloud enables companies to effectively use the potential of cloud, mobile, and web technologies by protecting users and linking them to the applications and technology they use.

Okta’s Number of Customers worldwide

(All figures in actual units)

Okta’s Customers are charged in advance in annual installments for platform subscriptions, or when work is completed for time-and-materials contracts, and upfront for fixed fee arrangements. Okta is daily used by thousands of businesses and millions of people to securely access a diverse set of cloud, mobile, and online apps, on-premises servers, application program interfaces (APIs), IT infrastructure providers, and services from a variety of devices.

Okta’s number of customers rose by 218 % between Q1 2016 and Q1 2022, rising from 3350 in Q1 2016 to 10650 in Q1 2022. The period between Q3 2018 and Q4 2018 witnessed the highest quarter-on-quarter growth of 10.1% from 3950 to 4350 customers. The number of customers grew from 6550 to 7000 between Q1 2020 and Q2 2020, marking a 6.9% increase during the period. The growth rate increased to 7.4% between Q3 2020 and Q4 2020, rising from 7400 to 7950.

In Q1 2021, Okta’s customer count stood at 8400. It increased to 8950 in Q2 2021, marking a 6.5% increase on a quarterly basis. Similarly, there was a 5% increase between Q2 2021 and Q3 2021 to 9400 customers. It later grew by 6.5% to 10000 in Q4 2021. The growth rate increased to 6.5% from 10000 in Q4 2021 to 10650 in Q1 2022. As of Q1 2022, no single client accounted for more than 10% of the company’s accounts revenue.

COVID- 19 pandemic has continued to spread throughout the world, affecting global economic activity and financial markets. The extent of COVID-19’s impact on Okta’s future operational and financial performance will be determined by several factors, including the duration and spread of the outbreak, related public health measures, and their impact on the macro-economy, our current and prospective customers, employees, and vendors. None of these effects can be predicted with any degree of confidence.

About Okta

Okta, Inc. is an identity and access management company. It is headquartered in San Francisco, California. Founded by Todd McKinnon and Frederic Kerrest in 2009, the company offers cloud software that assists businesses in managing and securing user authentication into applications and allowing developers to embed identity controls into apps, websites, and online services and devices. Okta had its initial public offering in 2017 and its stocks are listed on the NASDAQ under the symbol ‘OKTA’. Okta employs approximately 61000 employees.

Single Sign-On, Universal Directory, Advanced Server Access (previously ScaleFT), API Access Management, Authentication, User Management, B2B Integration, Multi-factor Authentication, Lifecycle Management, and Access Gateway are among the ten solutions offered by Okta. It offers six services, one of which is a single sign-on service that allows users to connect to many systems via a single centralized procedure. Okta’s CEO claimed in January 2019 that the firm had over 100 million registered users.

Amazon Web Services, Cisco, CrowdStrike, Google Cloud, Microsoft, Netskope, Proofpoint, Salesforce, ServiceNow, VMware, and Workday are among the major application, infrastructure, and security providers with which Okta collaborates. Okta’s major competitors are OneLogin, JumpCloud, CyberArk Idaptive, Microsoft Azure Active Directory, Rippling, SecureAuth Identity Platform, and ForgeRock.

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