Albany, NY -- (SBWIRE) -- 01/11/2019 -- Identity-as-a-service (IDaaS) is an application delivery model similar to the software-as-a-service model. It helps enterprises connect to and access identity management services from the cloud. IDaaS comprises authentication infrastructure managed and hosted by a third-part cloud vendor for access and identity management (IAM) functions such as single sign-on (SSO). IDaaS goes beyond single sign-on features and also covers access management, identity governance and administration (IGA), and intelligence functions for cloud and networked IT services. These methods allow all employees, customers, and third parties to securely access sensitive data, both off and on premises.

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IDaaS solutions provide secure access to cloud and mobile apps via mobile device management (MDM), user provisioning, SSO, and multi-factor authentication (MFA) capabilities.

IDaaS is compatible with industries and organization as it delivers cloud features such as pay-per-use and portability services. Enterprises are becoming increasingly aware about the role of digital identity management (DIM) as there is a significant rise in the digital workforce. Remote workers who are situated outside the corporate network can also access a different set of business processes, lowering the risk to organizations.

With the advancement in technology, the identity-as-a-service (IDaaS) market for identity-as-a-service has increased significantly. Increased adoption of BYOD and DevOps practices for software development are crucial factors facilitating the expansion of the identity-as-a-service (IDaaS) market during the forecast period.

Rise in the use of digital payment in the banking and financial sector is driving the need for security. There is a need to protect customers' data through identity and access management (IAM) solutions.

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