Bimodal Identity Management Solutions Market Estimated to Experience a Hike in Growth by 2027

Bimodal identity management solutions take traditional enterprise identity architectures and integrate additional security layer to the existing system. Bimodal identity management solutions are used to safeguard company’s information system.

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The Bimodal identity management solutions mainly uses two form of security check that is internal and external credentials. Pre-existing architecture such as Password, biometric are an example of internal credentials and the extra layer added to the system is referred as external credential such as social media and email account validation.

By integrating internal and external credential, company enhances its levels of security and allow only refine access to the data; this reduces the possibility of unauthorized access.

Bimodal Identity Management Solutions Market: Drivers and Restraints

The need of proper authenticity check and raising security concerns at an organization are coupled together to spur the need of Bimodal Identity Management Solutions. Keeping data safe and secure are becoming the major concern in an organization these days, so to ensure secrecy and proper management regarding accessibility of data are further driving the demand for bimodal Identity Management solution.

Advance identity management system integrated with artificial intelligence are key trends witnessing these days, which is catering towards the expansion of new security related products.

Data security and access of information by the right candidate are the other factors, which are contributing towards the bimodal identity management product expansion. The emerging utility of the bimodal identity management solution, regarding professional and personal life, are adhering towards the market growth. On the other hand, lack of domain expertise at workforce is the major challenge faced by the organizations in the correct deployment of Bimodal Identity Management Solutions.

With the increase in change in technological trends, people are getting aware about advance ways to hack the security systems easily, so the increasing safety issue of high-profile data is the key driver for market growth. Further, growing dependency on web application and automated system are creating more possibility of cyber-attacks, so to evade such attacks, the need for the effective solution are increasing rapidly.

Bimodal Identity Management Solutions Market: Segmentation

Bimodal Identity Management Solutions Market is segmented by vertical, organizational size, deployment and region.

On the basis of vertical, the Bimodal Identity Management Solutions Market can be segmented into Education, BFSI, Manufacturing, Telecom and IT, energy, Healthcare and life sciences, Public Sector & Utilities, and Retail.

On the basis of organization size, the Bimodal Identity Management Solutions Market can be segmented into Small & medium enterprise (SME’s) and large enterprises.

On the basis of deployment, the Bimodal Identity Management Solutions Market can be segmented into cloud and on-premise.

Regionally Bimodal Identity Management Solutions can be segmented into the Middle East and Africa, North America, Latin America, Eastern Europe, Japan, Western Europe and Asia-Pacific excluding Japan.

Bimodal Identity Management Solutions Market: Regional Outlook

The North America region is anticipated to witness the largest market share of Bimodal Identity Management Solutions Market. In countries such as Canada and US, the market is emerging with rapid pace owing to increasing dependence on computerized systems, so to ensure safety regarding individual data accessibility is anticipated to drive the market growth in the North American nations.

With growing number of small and medium enterprise in Asia Pacific countries such as India and China are estimating the Bimodal Identity Solution Market to exhibit fastest growth rate over forthcoming years.

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Bimodal Identity Management Solutions Market: Competition Landscape

SOTI Inc, Sophos Ltd, Hitachi ID Systems, SailPoint Technologies, Ping Identity, IBM Corporation, Colligo Networks, CA Technologies, SAP, VMware, Inc., Microsoft Corporation, Good Technology, Fischer International OneLogin, Inc., MobileIron, Okta, Inc., NetIQ Corporation, Symantec Corporation, Oracle Corporation, Dell EMC, Alfresco Software, Centrify and Citrix Systems, Inc. are the key vendors for the Bimodal Identity Management Solution Market.

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This release was published on openPR.