Trends in Identity and Access Management (IAM) for 2023
Since the advent of modern technologies and solutions, passwords and networks have been increasingly susceptible to hacking. Hackers can now easily crack alphanumeric passwords in a matter of seconds. Unless data is protected or presented on a private server, it is at risk of being compromised. Hence, organizations have turned to Identity & Access Management (IAM) to add an extra layer of security. As cyberattacks become more common, the role of Identity & Access Management (IAM) in modern-day security strategies has become increasingly crucial in preventing security risks. IAM is revolutionizing how businesses approach user authentication and security. Among the latest developments in IAM are biometric technology, multi-factor authentication (MFA), cloud-based IAM solutions, mobile authentication, and the Internet of Things (IoT ) . Seeing its latest development, it's no surprise that the market for cloud IAM is expected to reach US$ 13.42 Billion by 2027 . In this artic