Reenvisioning identity management with IDaaS: Securing access in the digital age

What is IDaaS?

Identity?as?a?Service (IDaaS) is a technology that enables organizations to securely manage digital identities of their employees, partners, and customers. With IDaaS, organizations can ensure secure access to their applications, services, and data while maintaining regulatory compliance.

What's driving the need for IDaaS?

The global IDaaS market size was estimated at USD 5.6 billion in 2022 and projected to reach USD 16.8 billion by 2027, at a compound annual growth rate?of 24.7%, a figure that speaks volumes. A major problem?IDaaS solves is the need for secure and reliable authentication and authorization in today's digital world. Traditional methods of identity management, such as username and password combinations, are no longer sufficient to keep sensitive data and applications protected. The rise of cloud computing and mobile devices has made it more challenging for organizations to manage identities and maintain control over access to resources.

What does IDaaS offer?

IDaaS offers a comprehensive and scalable solution to this problem. By providing a centralized platform for identity management, organizations can ensure that only authorized individuals are granted access to resources. IDaaS also enables organizations to monitor and manage access in real?time, ensuring that any unauthorized attempts to access resources are detected and addressed promptly.

Another major benefit of IDaaS is that it helps organizations comply with regulatory requirements. With IDaaS, organizations can ensure that access to sensitive data and applications is auditable, and that ?compliance with the GDPR, HIPAA, PCI-DSS and other regulations is maintained.

If you wish to learn more about IDaas, read our article here.?