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Identity and Access Management Market - Global Industry Insights, and Forecast till 2026

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Robert Roy
Identity and Access Management Market - Global Industry Insights, and Forecast till 2026

The basic functionality of IAM includes authorized user access requests, automated provisioning of accounts among heterogeneous systems, password management, control over user access to target systems via automated policies & workflows and access certification processes, which help organisations to protect IT infrastructure.

The identity and access management solutions protect organisations’ valuable information and applications with the help of security policies, context-based access control, and business-driven identity governance, which is expected to be factors fuelling growth of the market.

For instance, according to Coherent Market Insights’ analysis, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per in 2015.

Another factor aiding in growth of the market is emergence of identity-as-a-service (IDaaS), which is a security verification solution developed and controlled by a third-party service provider that allows employees to access cloud-based applications through a single sign-on (SSO) process.

Bank and financial institutions’ operations are operated in secure environment.

The BFSI sector is increasingly implementing IAM solutions to improve risk management and fraud detection, as these solutions help in preventing online fraud transactions, credit card-related functions, and insurance claims.

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