market in India, IBM

New Delhi: With digital trust becoming the defining indicator of a successful digital transformation journey. More organisations today consider investment in digital trust programs in near future.

Over 70% of Indian organisations have identified digital trust programs as a key technology investment area over the next two years, according to IDC. The investment aims to ensure organisations long-term resilience and success.

Why investment in digital trust programs is a priority

Nearly 67% of the organisations prioritized their focus on IT/cybersecurity to build digital trust for customers, employees and partners, revealed IDC conducted the COVID-19 Impact on IT Spending survey.

“Securing identities has become a core tenet of security, as identities can create walled gardens in the face of fading organisational perimeters and increasing workforce mobility,” said Gurpal Singh, Associate Research Manager IDC Asia/Pacific.

“So, securing identities helps in establishing a digital trust with your employees, your customers, partners, and vendors,” added Singh.

“Identity and Digital trust (IDT) solutions offering pre-built integrations with on-prem, cloud and mobile applications, scalability, and extensible, are sought out for,” commented Singh.

Which sectors spends more on digital trust programs

Financial services, manufacturing, public sector, and healthcare sectors have a higher propensity for spending on identity access management (IAM) and privacy management solutions.

Multi-factor authentication has traditionally been the top investment area for enterprises. Seamless authentication became the norm as individuals are working from home.

Digital Trust software and solutions market in India

The Identity and Digital Trust (IDT) Software market in India is expected to grow at a CAGR of 15.3% and touch $200 million by 2025. Securing and managing user identity and access are prerequisites for organisations intending to embrace remote work models or digital platforms in the new normal.

As hybrid and multi-cloud adoption become the norm, IDT deployment on the cloud is pegged to grow at a CAGR of 28.8% over the next five years. RSA, IBM, and eMudhra were identified as the top three vendors in India’s IDT market in 2020.

Digital transformation initiatives have resulted in a paradigm shift in the security architecture requirements, according to Shweta Baidya, Senior Research Manager – Software and IT Services – IDC India.

“Enterprises are increasingly evaluating identity-as-a-service (IDAAS)/ cloud-based models to provide secure access and offer platforms that integrate best-in-class solutions for a seamless experience,” said Baidya.

“Password-less authentication is yet another trend expected to gather steam in the future as it helps reduce complete reliance on passwords, improves security posture, and enhances user experience,” concluded Baidya.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

IBM’s Kyndryl names global CFO

Kyndryl, the upcoming 90,000-person spin-off of IBM’s managed infrastructure services business, has hired a CFO: David Wyshner, who comes with 15 years of experience and a history in public acquisitions and spin-offs. Wyshner joins Kyndryl — the spin-off of IBM’s Global Technology Services (GTS) — from US-based transportation and contract…

Read more: IBM’s Kyndryl names global CFO

Cost of data breach hits record high during pandemic: IBM

Security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic with the cost of data breaches to Indian organisations rising close to 18 percent to Rs 16.5 crore on an average between May 2020 and March 2021, according to a report by IBM.…

Read more: Cost of data breach hits record high during pandemic: IBM

Aussie businesses taking almost a year to contain data breaches: IBM

Australian businesses are taking almost 10 months to detect and contain data breaches, according to a new report by IBM.  In the vendor’s annual Cost of a Data Breach report, Australian companies took an average time of 311 days to detect and contain a data breach — 219 to detect,…

Read more: Aussie businesses taking almost a year to contain data breaches: IBM

Aussie businesses taking almost a year to contain data breaches: IBM

Australian businesses are taking almost 10 months to detect and contain data breaches, according to a new report by IBM.  In the vendor’s annual Cost of a Data Breach report, Australian companies took an average time of 311 days to detect and contain a data breach — 219 to detect,…

Read more: Aussie businesses taking almost a year to contain data breaches: IBM

IBM upgrades Big Iron OS for better cloud, security and AI support

IBM continues to fine-tune its mainframe to keep it attractive to enterprise users interested in keeping the Big Iron in their cloud and artificial intelligence (AI) application development plans. The technology giant has released a new version of the mainframe operating system—z/OS V2.5—that includes beefed-up support for containers, AI, and…

Read more: IBM upgrades Big Iron OS for better cloud, security and AI support

IBM upgrades Big Iron OS for better cloud, security and AI support

Credit: Dreamstime IBM continues to fine-tune its mainframe to keep it attractive to enterprise users interested in keeping the Big Iron in their cloud and artificial intelligence (AI) application development plans. The technology giant has released a new version of the mainframe operating system—z/OS V2.5—that includes beefed-up support for containers,…

Read more: IBM upgrades Big Iron OS for better cloud, security and AI support

BIAL and IBM in a 10-year transformation deal

Armonk, USA – Bangalore, India: Bangalore International Airport Limited (BIAL) and IBM have signed a 10- year transformation deal. Under this deal, IBM and Kyndryl will provide IT solutions to create a new “Airport in a Box” platform. It will support transforming the end-to-end travel experience for passengers at BLR…

Read more: BIAL and IBM in a 10-year transformation deal

IBM quarterly revenue beats on cloud strength, shares rise

IBM reported second-quarter revenue on Monday that beat analysts’ estimates, as a recovery in client spending powered strong growth in its cloud and consulting businesses. The company’s shares were up 2 percent at US$140.73 in extended trading. “With the reopening (of economies) in particular around North America and Western Europe,…

Read more: IBM quarterly revenue beats on cloud strength, shares rise

Nextgen acquires Sydney sales outsourcing firm NovaTech Ventures

Nextgen acquires Sydney sales outsourcing firm NovaTech Ventures

IBM’s plans to buy DevOps startup BoxBoat

IBM’s plans to buy DevOps startup BoxBoat

Carrington Associates weaves new hybrid cloud for SpinTel

Carrington Associates weaves new hybrid cloud for SpinTel

IBM president and former Red Hat CEO Jim Whitehurst quits

IBM president and former Red Hat CEO Jim Whitehurst quits

OTHER NEWS