Identity and Access Management (abbreviated as ' IAM') is basically a framework specifically designed to enforce the security discipline in business process. IAM primarily functions to assure the proper utilization of organisational resources by managing appropriate access parameters. IAM undertakes and strengthens the security process in an organisation or a company.
(source:- hcltech)
Identity and Access Management has evolved as a main platform in realization of business profits with respect to reduction in expenditure, management control, efficiency in operation and last, but not the least, eCommerce growth of business. IAM manages the identities and access permissions of people, processes and productions, for the resources in an organisation.
Identity and Access Management technology in an a company or an organisation is automated to be used for initialization, capturing, recording and management of employee identities and their corresponding access permissions. This strengthens the authorization, authentication and audit of every individual and service in the enterprise. Weak IAM can create regulation of lack of compliance. How ? If the enterprise audit takes place, the management will be unable to provide a proof for safety and security of private data in the enterprise. Also it wont be able to ensure that the private data is not at risk of misuse.
(Source:- unicon.net)
According to Marketsandmarkets, the IAM market is estimated to grow from $5.13 billion in 2013 to $10.39 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 15.1% from 2013 to 2018. With respect to geography, North America is expected to be the greatest market in terms of contribution in revenue.
For more information about the IAM market, follow the link mentioned below :-
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