Single Sign-on Market – Widespread Application in the Banking Propells the Market

With the constantly expanding application base of single sign-on solutions in a number of industries, such as IT and telecom, education, BFSI, and retail, the global single sign-on market is observing a noticeable growth. As the leading companies are competing on the basis of technology, the continuous advancements in technology is likely to influence the market positively over the next few years.

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Enterprise single sign-on, windows integrated single sign-on, and federated and web-based single sign-on have surfaced as the key types of single sign-on solutions available across the world. Among these, the demand for enterprise single sign-on is relatively higher and the trend is anticipated to remain so over the next few years.

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Single sign-on solutions find a widespread application in the banking, financial services and insurance (BFSI), retail, IT and telecom, education, healthcare and life sciences, communications media & services, and the travel and hospitality industries. The BFSI industry, among these, have been recording a greater demand for single sign-on solutions and is anticipated to remain doing so over the next few years.