Global information technology and consulting services provider SystemDomain and Optimal IdM, an identity and access management (IAM) solutions company, have partnered to deliver professional IAM services.
The partnership enables SystemDomain and Optimal IdM to provide a joint IAM managed service offering, according to a prepared statement. It also could help both companies capitalize on the rising demand for IAM solutions.
Global IAM market revenues are projected to increase at a compound annual growth rate (CAGR) of 12.7 percent between 2018 and 2025, industry analyst Grand View Research stated. New data security mandates and the rising demand for bring-your-own-device (BYOD) policies are among the factors that could accelerate the global IAM market's growth.
SystemDomain and Optimal IdM: Here's What You Need to Know
SystemDomain offers cybersecurity solutions and professional services to help organizations address cyber threats across a variety of areas, including cloud, mobile and network environments. It also provides the following risk management solutions:
- Audit Management.
- Business Resiliency.
- Cybersecurity Operations.
- Fraud Intelligence Services.
- Governance Risk & Compliance.
- IT & Security Risk Management.
- Regulatory & Corporate Compliance Management.
- Public Sector Solutions.
- Security & Behavioral Analytics.
- Third-Party Governance.
- Threat Detection & Response.
Optimal IdM provides the Optimal Cloud identity-as-a-service (IDaaS) platform to help organizations address identity, cybersecurity, regulatory and compliance issues. Furthermore, it offers IAM solutions both on-premise and in the cloud as a managed service.
Okta, Deloitte Target the Global IAM Market
In addition to SystemDomain and Optimal IdM, several other companies recently have made moves to extend their global IAM market reach.
Okta, a company that specializes in single sign-on (SSO) and identity management, in September launched the Partner Connect program for solution and technology providers. Partner Connect members can use the program to sell and implement Okta identity management and security products or develop Okta identity-based integrations.
Meanwhile, professional services firm Deloitte in June announced plans to offer ForgeRock's customer identity and access management (CIAM) solutions as a managed service. The Deloitte-ForgeRock partnership allows businesses to use ForgeRock's CIAM solutions to secure their digital identities and comply with data privacy regulations.