SANTA CLARA, Calif., Apr. 6, 2017 /PRNewswire/ -- The rising adoption of cloud computing, especially among small and medium organizations, is fuelling demand for new business models such as Identity as a Service (IDaaS) within the identity and access management (IAM) space. IDaaS will strike a balance between on-premise and cloud identity management, as well as significantly lower the cost of ownership of IAM solutions.
Frost & Sullivan analysis titled, Technologies Empowering Future of Identify Management, finds that IAM challenges are more business-centric than technology-centric. Segments such as administration, authentication and auditing are developing technologies to improve service accuracy and cost efficiency. Emerging services like Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) are contributing heavily to the growth of IAM technologies.
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"The shifting of enterprise solutions to the cloud has created a complex architecture that requires more advanced IAM solutions than the ones currently offered by traditional identity management vendors," noted Frost & Sullivan TechVision Industry Analyst Swapnadeep Nayak. "The emergence of IDaaS has proven beneficial to enterprises, as it will assist with regulatory compliance, reduce the expenses involved in extending on-premise solutions to the cloud, and support the same features as enterprises' legacy systems."
As most of the recent IT trends have been mobile centric, IAM solution providers need to ensure their innovations are mobile friendly to attract the attention of enterprises. Supporting cross-platform visualization and advanced analytics, as well as portable biometric technology, will give a huge boost to technology adoption rates.
"Biometric authentication is a key area that is experiencing significant technology development, especially with regard to accuracy levels of validation and flexibility of usage," noted Nayak. "Analytics is also growing rapidly due to the emergence of futuristic solutions like neural networks and machine learning."
Technologies Empowering Future of Identity Management is part of Frost & Sullivan's TechVision (Information & Communication) Growth Partnership Service program.
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
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Technologies Empowering Future of Identity Management
Corporate Communications – North America
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SOURCE Frost & Sullivan