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Identity and access management are the core concerns of all major corporations and organizations. These are the processes by which an organization protects its confidential information, such as the passwords of its financial transactions, the identities of its employees, and the information about its business operations. Identity and access control are not new concepts. However, recent advances in technology have made these concepts more complicated, costly, and prone to mistakes. Therefore, any company that relies on information systems must employ a strong identity and access management program to ensure that its information systems function effectively. The rising need to reduce identity theft coupled with the increasing spending by government on the security solution is fostering the growth of the identity and access management market. Increasing risk management solutions, web-based applications, and audit management solution is again driving the growth of the market. Growing penetration of the Internet of Things (IoT), Bring Your Own Devices (BYOD), mobility, and remote workforce has also boosted the growth of the identity and access management market. According to the report published by Forbes, companies favoring Bring Your Own Devices (BYOD) make an annual saving of $350 per year, per employee. Read more @ https://sachinbhombe.blogspot.com/2021/03/growing-trend-of-bring-your-own-devices.html