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NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global identity and access management market size is estimated to grow by USD 14.80 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 13.04% during the forecast period. Increase in data thefts globally is driving market growth, with a trend towards increased adoption of byod concept. However, threat from open-source iam solutions poses a challenge. Key market players include Avatier Corp., CyberArk Software Ltd., Dell Technologies Inc., EmpowerID Inc., ForgeRock Inc., FusionAuth, International Business Machines Corp., Microsoft Corp., Okta Inc., Ping Identity Corp., Quest Software Inc., Salesforce Inc., SAP SE, SecureAuth Corp., Simeio Solutions LLC, Zoho Corp. Pvt. Ltd., Zuora Inc., ASSA ABLOY AB, Broadcom Inc., and Oracle Corp.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Identity and Access Management (IAM) is a crucial business area focusing on managing digital identities and controlling access to systems and data. Trends in IAM include AI for identity analytics, automation, and policy enforcement. Cloud technologies and digital platforms are driving the deployment of IAM solutions, with options for on-premise, cloud, or hybrid deployment. IAM solutions help manage access privileges, user verification, and biometric solutions for smartphones. IAM is essential for preventing data breaches and digital identity fraud in various industries like SMEs, Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, and Manufacturing. IAM contracts often include components such as directory services, multifactor authentication, provisioning, password management, single sign-on, and production costs. Connectivity, identity modifications, and prerogatives are also managed through IAM. Capital technology investments include installation costs for IAM solutions and cloud-based IAM services. Internet services are integral for IAM, with WAN and cloud computing enabling seamless access. Policy violations and inactive accounts are key areas of focus for IAM. Organizations are embracing the use of mobile devices in the workplace, allowing employees to work remotely and access organizational data and resources. The Bring Your Own Device (BYOD) trend is gaining popularity among businesses, enabling a significant increase in productivity and efficiency. Small and medium enterprises (SMEs) are particularly adopting this approach, as employees can use their personal laptops, smartphones, and tablets for professional tasks. This shift to mobile devices as primary tools in the workplace is a response to the growing need for flexibility and connectivity in today's business environment. The use of personal devices in the workplace is becoming increasingly common, and IT departments are providing necessary support to ensure secure access to corporate networks and data. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! • Identity and Access Management (IAM) is a crucial business function that helps organizations manage digital identities and control access to their systems and applications. However, implementing an IAM solution comes with several challenges. Artificial intelligence (AI) and automation are transforming IAM, but deployment, especially in cloud technologies and digital platforms, can be complex. Inactive accounts and policy violations pose security risks, leading to production costs and potential data breaches from digital identity fraud . Access privileges must be managed carefully to prevent unauthorized access, and user verification is essential for securing prerogatives. IAM contracts, installation costs, and connectivity are key considerations when choosing an IAM solution. Biometric solutions and smartphones offer convenient user verification methods. SMEs in sectors like Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, and Manufacturing face unique IAM challenges. IAM components include directory services, multifactor authentication, provisioning, password management, single sign-on, and on-premise, cloud, or hybrid deployment. IAM solutions must address challenges like Wide-Area Network (WAN) connectivity, cloud computing, and capital technology investments. • Open-source Identity and Access Management (IAM) solutions are gaining popularity, particularly among small-scale enterprises in developing economies like India and China . These solutions offer less upfront expense and more flexibility compared to on-premises and cloud-based IAM alternatives. With open-source IAM solutions, businesses can download and run software on all platforms, making it an affordable option for those with limited budgets. For instance, Soffid, a provider of free and fully available open-source software, offers a comprehensive Single Sign-On (SSO) and Identity and Access Management (IAM) solution for administrators. This solution allows businesses to securely manage user identities and access to applications, ensuring data security while keeping costs low. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This identity and access management market report extensively covers market segmentation by 1.1 Large enterprises 1.2 Government organizations 1.3 SMEs 2.1 On-premises 2.2 Cloud-based 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Large enterprises- Large enterprises are expected to boost the Identity and Access Management (IAM) market growth due to its benefits, including performance, affordability, security, enterprise-class scalability, and easy management of sensitive information. IAM solutions enable large enterprises to effectively manage a vast number of identities within and outside their organization, mitigate cyber risks, and ensure end-to-end supply chain visibility. The increasing adoption of Bring Your Own Device (BYOD) policies in large enterprises, with around two-fifths of employees using their devices for work, necessitates the implementation of IAM solutions to secure corporate data from unauthorized access. Furthermore, large enterprises with intricate IT environments require IAM vendors to manage access requirements for both on-premises and cloud-based applications. Procurement services, such as order management, content sourcing, and spot purchase management from IBM, and spend analysis, category management, strategic sourcing, and tail spend management from GEP, offer convenience and help large enterprises improve efficiency, assess risks, and coordinate data points in their process networks. These factors collectively contribute to the increasing adoption of IAM and procurement outsourcing services among large enterprises, driving the growth of the market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) The Identity and Access Management (IAM) market is experiencing significant growth due to the increasing importance of securing digital identities in the era of cloud-based services and remote work. Cloud-based IAM services offer flexibility, scalability, and cost savings, making them a popular choice for businesses. However, they also introduce new challenges, such as multifactor authentication to enhance security, digital identity fraud , and data breaches. IAM solutions address these concerns by providing user verification, identity modifications, biometric solutions, single sign-on, password management, provisioning, access privileges, and inactive account management. Additionally, IAM solutions offer policy violations detection, audit, compliance & governance, regulatory compliance management, identity analytics, and digital platform integration. Automation, production costs, and installation costs are also significant factors in the IAM market. The Identity and Access Management (IAM) market is experiencing significant growth due to the increasing adoption of Artificial Intelligence (AI) technologies, Cloud technologies, and Digital platforms. Deployment options include on-premise, cloud, and hybrid, with cloud-based IAM services gaining popularity for their cost-effectiveness and ease of use. IAM solutions automate Identity analytics to detect inactive accounts, policy violations, and access privileges, reducing production costs. Connectivity and user verification are crucial components, with biometric solutions and smartphone authentication enhancing security. IAM contracts are essential for organizations, with Capital technology leading the way in IAM services. SMEs, Energy, oil & gas, Telecom & IT, Healthcare, Public sector & utilities, Manufacturing, and other industries are investing in IAM solutions to mitigate data breaches and digital identity fraud . Multifactor authentication, provisioning, password management, Single sign-on, and Directory services are key components of IAM solutions. Installation costs vary depending on the deployment option and the size of the organization. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Large Enterprises Government Organizations SMEs Deployment On-premises Cloud-based Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
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Analysis included 230 studies—a mix of randomized, prospective, and database research SUNNYVALE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ISRG) The peer-reviewed Annals of Surgery published a meta-analysis of 30-day surgical outcomes across seven oncological surgical procedures , comparing robotic, laparoscopic, and open surgical approaches. The study covered a 12-year timeframe and analyzed 230 studies from 22 countries: 34 randomized controlled trials, 74 prospective studies, and 122 database reviews. Each surgical approach represented more than a million procedures. The meta-analysis, conducted by scientists from Intuitive and Massachusetts General Hospital, demonstrated multiple benefits for robotic surgery using Intuitive’s da Vinci system as compared to laparoscopy and open surgery. “Robotic surgery with da Vinci showed fewer conversions, less blood loss, fewer blood transfusions, fewer readmissions and reoperations, and a shorter length of stay after 30 days,” said Intuitive Executive Vice President and Chief Medical Officer Myriam Curet, MD. “The editors at the Annals of Surgery thoroughly scrutinized and peer-reviewed this study prior to acceptance,” said Curet. “The quality of scientific data we are seeing after decades of robotic surgery underscores the value that the da Vinci robotic approach continues to have for improved surgical care.” Notable study results included: Da Vinci robotic cases were 56 percent less likely to convert to open surgery versus laparoscopy. Da Vinci robotic cases saw less blood loss versus open, comparable blood loss with laparoscopy. Da Vinci robotic cases were 21 percent less likely to require blood transfusions versus laparoscopy and 75 percent versus open. Da Vinci cases were 10 percent less likely to experience 30-day postop complications versus laparoscopy; 44 percent versus open. Da Vinci cases saw a half-day savings in hospital stay compared to laparoscopy and 1.9 days compared to open. Operative time for da Vinci cases was 17.7 minutes longer than laparoscopy and 40.9 minutes longer than open. “The data presented in our study describes the value of robotics in both the controlled clinical setting of randomized controlled trials and in the ‘real-clinical-world’ of population-based studies,” said Rocco Ricciardi, MD, MPH, lead study author and chief of colon and rectal surgery at the Massachusetts General Hospital. “Ultimately, demonstrating population-based gains with robotics allows us to determine value of robotic procedures for the average person who might need surgery.” Traditional minimally invasive surgery offers many benefits but presents several technical limitations—notably lower quality vision and depth perception, camera instability, limited range of motion and dexterity due to the straight and rigid hand-held instruments, and it can take a severe physical toll on the surgeon. Intuitive technology introduced in the da Vinci surgical system has helped surgeons overcome many of those technological limitations via advanced 3DHD vision, wristed instrumentation, and greater precision, especially in deep, limited, or narrow areas of the body such as the chest, abdomen, and pelvis. There have been numerous studies comparing perioperative outcomes between robotic, laparoscopic, and open surgery but they have focused on individual procedures, which result in procedure-specific evaluations. Intuitive’s study in the Annals of Surgery looked at randomized controlled trials, prospective cohort, and database studies published within the last 12 years, and it shows multiple benefits for robotic surgery using the da Vinci system compared to laparoscopic and open surgery, which may be useful to decision makers who are considering the use of robotics in a multi-specialty setting. The study scope focused on 30-day outcomes specific to oncology procedures that often require deep and narrow surgical access. It did not review oncologic outcomes. About Intuitive Intuitive (NASDAQ:ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. Our technologies include the da Vinci surgical system and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where disease is identified early and treated quickly, so that patients can get back to what matters most. About da Vinci Surgical Systems There are several models of the da Vinci Surgical System. The da Vinci surgical systems are designed to help surgeons perform minimally invasive surgery and offer surgeons high-definition 3D vision, a magnified view, and robotic and computer assistance. They use specialized instrumentation, including a miniaturized surgical camera and wristed instruments (i.e., scissors, scalpels, and forceps) that are designed to help with precise dissection and reconstruction deep inside the body. For more information, please visit the company’s website at www.intuitive.com . Important Safety Information Serious complications may occur in any surgery, including da Vinci surgery, up to and including death. Serious risks include, but are not limited to, injury to tissues and organs and conversion to other surgical techniques which could result in a longer operative time and/or increased complications. For summary of the risks associated with surgery refer to www.intuitive.com/safety. For product intended use and/or indications for use, risks, cautions, and warnings and full prescribing information, refer to the associated user manual(s) or visit https://manuals.intuitivesurgical.com/market. Individual outcomes may depend on a number of factors—including but not limited to—patient characteristics, disease characteristics, and/or surgeon experience. Contact Information Peper Long, Intuitive 202-997-7373 peper.long@intusurg.comColorado two-way star Travis Hunter plans to turn pro and prefers to continue a dual role, playing wide receiver and cornerback in the NFL. Hunter could be the No. 1 pick in the 2025 NFL Draft and is the favorite for the Heisman Trophy. Speculation about his future quieted as he gained notoriety by the week this season. Field Level Media projects Hunter as a top-three pick in the draft, and he confirmed Thursday this will be his last season at the college level. "That's definitely for sure," Hunter said on a conference call with reporters. Hunter is consistently playing between 100 and 125 snaps per game for Colorado. He has three interceptions on defense with 74 receptions, 911 yards and nine touchdowns playing wideout for quarterback Shedeur Sanders. Also a projected early first-round pick, Sanders committed to play in the East-West Shrine Game in Dallas. The son of Colorado head coach and Hall of Fame cornerback Deion Sanders, Shedeur Sanders said Thursday he would cast a Heisman vote for Hunter. "If it's between me and him, I would want him to get it," Sanders said. "He does a lot of amazing things and things that haven't been done before. I'm not a selfish guy. I know what he's capable of, so I would rather him win." Hunter said he would invite his QB to New York if he's not named a Heisman finalist before they go about the business of finishing the season, possibly in the 12-team College Football Playoff. Shedeur Sanders said he's the best quarterback in the draft, and doesn't believe that's anything new. "I feel like I was the best quarterback in the last draft, too," said Shedeur Sanders. "Ever since I was draft eligible, I knew I'm the best quarterback. It's not up for me to prove myself to talking about why." Former teammates at Jackson State where Deion Sanders also coached, Hunter said he felt his draft stock began to rise only after critics moved past "the hate" for his coach. A flashy, charismatic cornerback in the NFL after starring at Florida State, Deion Sanders was the fifth overall pick in the 1989 NFL Draft by the Atlanta Falcons. Hall of Famers Troy Aikman (first, Cowboys), Barry Sanders (third, Lions) and Derrick Thomas (fourth, Chiefs) were chosen ahead of "Prime Time" along with offensive tackle Tony Mandarich (second, Packers). Hunter has picked the brain of Deion Sanders about a dual role in pro sports. Sanders was used selectively as a wide receiver and returned punts but was primarily a cornerback in addition to playing Major League Baseball. There's no base-stealing in Hunter's future, but he does believe he can push the envelope as a full-time two-way NFL player. "It's never been done," Hunter said. "I understand that it will be a high risk, (teams) don't want their top pick to go down too early, and I know they're going to want me to be in a couple packages. But I believe I can do it. Nobody has stopped me from doing it thus far. I like when people tell me I can't do it." --Field Level Media