- The tie-up is an effort to deliver world-class Make In India IAM solution
- ITI also said the consumer identity and access management market is projected to grow from USD 7.6 billion in 2020 to USD 15.3 billion by 2025
According to a report, Karnataka-run ITI Limited has signed a memorandum of understanding with Ilantus Technologies to deliver identity and access management (IAM) solution to government agencies, defence and public sector undertakings to address concerns of cyber threats in the country.
Under this MoU, Ilantus and ITI would address the challenges of today’s fragmented identity landscape through IAM, which is the only solution in the world with all features in one particular product, said a press release.
Several new avenues
Ilantus would make use of Ilantuss’ 20 years of global experience in the IAM segment and jointly market at the solution to government organisations. ITI CMD R M Agarwal said “With our market reach and resources combined with Ilantuss product vision, we are certain this will open up several new avenues.”
ITI also claimed that it is in a unique position to offer fully secure, India based hosting for software as a service (SaaS) and managed services across the country with its active tier-3 data centre.
Citing the report, ITI also said the consumer identity and access management market is projected to grow from USD 7.6 billion in 2020 to USD 15.3 billion by 2025 at a compound annual growth rate (CAGR) of 15.1 per cent.
ITI also shared the IAM solution helps enterprises determine and control access to the network, system and application by end-users. Under the current scenario of threats to cyber space, the need of IAM has increased manifold in the country