Identity Centric Holistic Cybersecurity Services
A report stated that the global IAM market size is projected to grow from $12.3 billion in 2020 to $24.1 billion by 2025, at a Compounded Annual Growth Rate (CAGR) of 14.5% during the forecast period. It is clear today that organizations are seeing value in IAM solutions and are willing to invest in them. However, these solutions have to be implemented in line with the organization’s needs. Oftentimes these solutions have to be evaluated to understand if they are functioning in coherence with the industry and security needs.
According to a report by Cybersecurity Ventures, cybercrime is going to cost the world $10.5 trillion annually by 2025. This number is a testament to the importance of prioritizing security solutions like IAM in an organization irrespective of their market size or industry vertical.
A well-made IAM solution can serve as a solid foundation in an organization’s security. It can be an irreplaceable tool in sifting through threats and bringing a proactive approach to cybersecurity.
On the contrary, when IAM solutions are implemented poorly, they can cause bigger security loopholes.