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Identity and Access Management Market 2019: Global Industry Growth, Size, Share, Demand, Trends and Forecasts to 2026


The rising demand for advanced security solutions in organizations is boosting the global identity and access management market, says Fortune Business Insights in their new report. The report is titled, “Identity and access management: Global Market Analysis, Insights, and Forecast, 2019 2026”.

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According to the report, the market is anticipated to witness an exponential CAGR of 13.17 % and reach a value worth US$ 24,757.8 Mn by 2026 from US$ 9,526.0 Mn in 2018. An important factor boosting this market is the increasing number of cyber-crimes and the need to protect confidential data with identity and access management solutions.

Top Key Players Mentioned:

  • Amazon Web Services Inc.
  • HP Development Company L.P.
  • Microsoft
  • Oracle
  • IBM Corporation
  • Siemens AG
  • ForgeRock
  • Gemalto
  • Avatier
  • Symantec
  • Beta Systems
  • CA Technologies
  • Centrify
  • Cyberark
  • Core Security
  • Crossmatch
  • Fischer Identity

Fortune Business Insights foretells the BFSI segment to dominate the global and maintain a stronghold through the forecast period. On the basis of segmentation by industrial verticals. This is because of the rapidly expanding banking sector and the need to provide protection to confidential data and information of the consumers. Furthermore, the health and life sciences segment is anticipated to register the fastest growth on account of the growing need to maintain a patient’s health history for medical reference and treatment procedures in the future, which, if misplaced or swapped, may lead to medical disasters.

Major Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends of Market
  4. Key Insights
    • Macro and Micro Economic Factors
    • Key Technological Developments
    • Industry SWOT Analysis
  5. Global Identity and Access Management Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Component
      • Provisioning
      • Directory Services
      • Single Sign-On
      • Password Management
      • Advanced Authentication
      • Audit, Compliance, and Governance
    • Market Analysis, Insights and Forecast By Deployment
      • Cloud
      • On-Premises
    • Market Analysis, Insights and Forecast By Organization Size
      • Small and Medium Enterprises (SMES)
      • Large Enterprises
    • Market Analysis, Insights and Forecast By Vertical
      • BFSI
      • IT and Telecom
      • Retail and Consumer Packaged Goods
      • Government
      • Energy and Utilities
      • Education
      • Manufacturing
      • Healthcare and Life Sciences
      • Others

TOC Continued…!

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Importance of Risk Management Sources to Boost Global Market

The rising number of web-based applications is anticipated to drive the global market for identity and access management market in the coming years The introduction and implementation of risk management solutions namely, audit management, policy-based solutions, risk management solutions, and others are also driving the market and is expected to continue doing so in the near future as well.

The rising demand for advanced security against data breaches will help the market grow in the near future.

However, the market may face rough waters on account of the lack of information about consumer data security and its uses, especially in the underdeveloped and developing economies. Additionally, the lack of skilled professionals may hinder the growth of the market in the forecast period.

Market to Witness Robust Growth in Asia Pacific

Fortune Business Insights foresees the global identity and access management market to be dominated by North America due to the presence of several leading market players in the region. The rising demand from emerging nations such as India and China will boost the Asia Pacific market.

Some of the players operating in the global identity and access management market are Oracle, IBM Corporation, CA Technologies, Siemens AG, Gemalto, Avatier, Microsoft, ForgeRock Inc., F5 Networks, GlobalSign, Accenture PLC, NTT Communications, Beta Systems, Centrify, Siemens AG, Amazon Web Services Inc., along with others.

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FaceCake Showcases Live Demo of Its AI-Driven AR Shopping Platform at KeyBanc Capital Markets Future of Technology Series


FaceCake’s CEO Linda Smith was a featured industry leader demonstrating real solutions to retail’s online and in-store challenges today

LOS ANGELES, Oct. 21, 2020 /PRNewswire/ — FaceCake presented its Artificial Intelligence ("AI")-Driven Augmented Reality ("AR") Shopping Platform at the Future of Technology Series hosted by KeyBanc Capital Markets on September 15, 2020. A virtual gathering of today’s most transformative technology companies, the series provided a vision of modern retail commerce from renowned industry leaders. Featuring both private and public companies, the series showcased FaceCake’s capabilities and the breadth of its industry-leading AI / AR platform built exclusively for shopping.

FaceCake presented an omni-channel consumer shopping journey that demonstrated the ability to virtually Try-On different types of products live as though looking in a mirror for highly realistic AR virtual shopping, including jewelry, apparel, accessories, makeup, and home décor. FaceCake highlighted key patented aspects of its platform including Visual Search, AI-driven recommendations, AR advertisements, and MarTech.

FaceCake’s visionary Founder and CEO Linda Smith’s presentation was a conference highlight. She addressed key business topics driving online conversion, such as personalized consumer interaction, omni-channel connectivity, data-driven shopping intelligence, and online retail engagement.

"We are honored to have been invited to present at the Future of Technology Series, particularly when contactless shopping is on everyone’s mind," said Linda Smith. "We were happy to demonstrate our robust platform, unique in its ability to offer touchless AR Try-On and recommendations in multiple product categories, whether online, in-store, or via mobile. Broad accessibility, quality, and celebrating shopper individuality on a mass scale have been the cornerstones of our company’s focus to make shopping easier and more personalized."

To watch FaceCake’s KeyBanc demonstration, click here.

To see more of FaceCake’s presentation or for more information, click here.

About FaceCake

FaceCake, creator of the Swivel® Virtual Dressing Room, CAKE AR™, and Scout Visual Search, is a leader in augmented retail with its patented AI-Driven AR shopping platform. FaceCake’s innovations in Augmented Reality and Artificial Intelligence allow consumers to virtually try products on their own images live, while instantly providing relevant product recommendations for superior personalization. FaceCake has the only AI/AR offering across multiple shopping categories, and its platform is cross-device compatible, making it accessible from anywhere at anytime. The privately held company is based in Calabasas, CA.

About the Future of Technology Series

This inaugural seven-week virtual series centered on timely and unique content across the Technology landscape. Leaders from today’s most relevant technology names gathered to take a thematic approach toward exploring market shifts, particularly in light of an increase in digital acceleration, remote work, deglobalization and changing consumer consumption habits. Attendees included more than 900 investors, 164 private and public companies, with 115 fireside chats and panels, and more than 700 one-on-one meetings.

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Daszyńska-Muzyczka, BGK: The European Three Seas region is one of the fastest growing in the world


WARSAW, Poland, Oct. 21, 2020 /PRNewswire/ — The Three Seas region is one of the fastest growing in the world and the Three Seas Initiative Investment Fund (3SIIF) is its investment vehicle for financing long-term infrastructure projects – Beata Daszyńska-Muzyczka, chairperson of the Supervisory Board of the 3SIIF and president of the Polish Development Bank BGK said during the Three Seas Summit in Tallinn (Estonia).

"We set a clear goal for the Fund – developing cross-border infrastructure investments in the region. The infrastructure gap in order to match the quality of Western European infrastructure is almost EUR 600 bn. The Fund targets three main sectors – energy, transport and digital infrastructure. Improving connections between our 11 countries are key to building economic growth" – said Daszyńska-Muzyczka.

In order to achieve the ambitious goals, BGK in cooperation with all development banks in the region initiated an international investment fund – the Three Seas Initiative Investment Fund. "Thanks to great collaboration and relationships with banks and promotional institutions in the region we built the basis for the Fund – its legal framework and strategy" – added Daszyńska-Muzyczka. Alongside local governments as cornerstone investors, the Fund aims to stimulate private capital to the region, on a commercial basis.

The founding act of the Fund was signed in May 2019 under Luxembourg law by the Polish Development Bank BGK and the Romanian EximBank. In 2020 they were joined by the Estonian government and the Latvian development institution Altum. The Fund is now fully operational with an independent investment committee.

The core sponsors analysed the market and chose professional infrastructure investment advisor with proven track record – Amber Infrastructure Group. Amber is responsible for project management, fundraising and origination for the Fund.

 "We are extremely pleased that at the Tallinn Summit additional commitments to the Fund were announced by Hungary, Slovenia, Bulgaria, Lithuania, Croatia, the US International Development Finance Corporation and the Fund’s Investment Adviser, Amber Infrastructure Group.  Poland, through BGK, was also delighted to announce it had increased its investment in the Fund.  The Fund is open to international financial institutions, as well as private institutional investors globally. This is a commercial and market driven initiative" – said Daszyńska-Muzyczka.

More information can be found at

Contact BGK:

Anna Czyż, [email protected], phone number +48 609 220 208

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‘AIZEN’ AI banking-as-a-Service, Empowering data platform to launch lending services


SINGAPORE, Oct. 20, 2020 /PRNewswire/ — The financial services industry has seen drastic technology-led changes over the past few years. While some of the big tech giants have launched their own Fintech verticals, there are many brands that are also increasingly looking to offer financial services to their customers. These companies tend to partner with existing financial institutions and resell their financial products, but many fails to offer a seamless onboarding experience mainly due to partner banks’ legacy processes. 

Embedded Finance, as opposed to reselling financial products, is becoming more attractive to brands. It enables any non-financial companies to integrate innovative financial services into their offerings. This creates new revenue opportunities at low marginal costs for the brands that already have a large customer base and enables new customer experiences that drive loyalty and purchases.

Embedded finance- AIZEN's AI banking-as-a-Service
Embedded finance- AIZEN’s AI banking-as-a-Service

AIZEN, a leading provider of banking-as-a-service platform, has partnered with companies in Southeast Asia including leading e-commerce in Indonesia and e-wallet platform in Vietnam to provide an Automated Banking Operating System (ABOS) focusing on lending. The company is working with Balance Sheet providers (both banks and non-banking entities) and will act as an intermediary for all other processes related to the end-to-end credit lifecycle. ABOS is built on a robust risk management framework that automates the core operations from product design, credit acquisition, portfolio management and collection, and allows banks and brands to take proactive measures on the economic downside risks amid COVID-19.

According to the latest report by Google, Temasek and Bain & Company, digital financial services in Southeast Asia is expected to generate revenues of about USD 38 billion by 2025. Digital lending has also gained momentum as we enter the "contactless economy" after COVID crisis, and it will offer the majority of revenue opportunities. 

AIZEN has recently raised from a government-led fintech innovation fund (KGIC, also known as K-Growth) led by major banks including KB, Shinhan, Woori and NH, which brings the company’s total funding to USD 10 million including USD 3.5 million in R&D grants. The company plans to roll out Banking-as-a-Service (BaaS) primarily targeting the underserved markets in Vietnam, Indonesia, Singapore, and Taiwan.

For traditional lenders, the absence of credit history has meant a limited risk appetite for lending to this segment. Using proprietary AI technologies, AIZEN is able to better underwrite customers by converting non-traditional sources of data into credit-related data in Finance. This is powered by ABACUS, an AutoML platform in finance that is specifically designed to accommodate the fast-changing customer dynamics in real-time. 

Founded in 2016, AIZEN has been working on digital transformation projects with financial institutions including loan underwriting, transaction fraud detection, and insurance claim analysis. The company has joined Plug and Play APAC Fintech Batch in Singapore and has been named by Gartner as a Cool Vendor in AI for Fintech for high scalability and easiness of adoption. AIZEN is also a member of Intel’s AI Builders Program and is optimizing the solution with access to Intel’s latest technology and engineering expertise. "We will strategically expand our banking service with our AI operating model and will service our new AI-powered banking model in Vietnam, Indonesia, Singapore, and Taiwan," said Jung Seok Kang, CEO at AIZEN.

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