Identity-as-a-Service is becoming more popular amongst many organizations, because of its feasibility in terms of management and cost. It could be defined as a cloud based service that is used for providing identity and access management solutions. The basic functions it delivers is provisioning, governance and access control. It is beneficial, as it not only reduces on-site infrastructure but also provides a wide range of integration options. This type of authentication infrastructure is more likely to be adopted by medium and large scale industries. The major concerns regarding this service are identity data protection and trusting a third party with sensitive business data. However, since authorization remains the basic function of IDaaS, the present obstacles can be overcome.

Identity as a Service Market: Drivers and Restraints

The traditional system for identity and access management, require hardware as well as software to be deployed. This not only calls for heavy investments by organizations to install the system but also to hire manpower to implement and manage the enterprise solution. With increase in the amount of data, and the need for efficient tools to securely manage the same is accelerating the growth of this market. But the lack of knowledge and the fear of adopting a cloud based identity access management service act as restraints for this market.

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