Frequently Asked Questions
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What is the curent market outlook for Identity and Access Management market ?
Identity-as-a-Service (IDaaS) is an emerging trend, as these cloud-based deployments are gaining traction and are accelerating the realization of identity & access management benefits. The identity & access management market is expected to grow from USD 8,094.8 million in 2016 to USD 14,822.6 million by 2021, at a CAGR of 12.9% during the forecast period. -
What are the drivers of Identity and Access Management market ?
Rise in awareness about compliance management Compliance management is expected to continue to be a major driver in the adoption of identity & access management solutions due to huge costs associated with non-compliance with regulatory mandates. A report by the Security Industry Association estimates that large organizations spend around 13.1% of their net revenue on compliance. Rules and regulations such as Payment Card Industry Data Security Standard (PCI-DSS), Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), and others are expected to increase in the coming years, due to the increasing authenticity requirements and emerging security issues. In addition, severity of threats and huge financial losses have led governments and regulatory bodies such as the Federal Financial Institutions Examination Council (FFIEC) to introduce an assortment of mandatory guidelines and protocols for security and privacy of the business data. Regulatory Acts such as Gramm-Leach-Bliley Act (GLBA), HIPAA, and Personal Information Protection and Electronics Document Act (PIPEDA), and standards such as PCI-DSS and SOX necessitate businesses to meet the terms of these standards. This trend, in turn, will drive organizations across multiple verticals to adopt identity & access management solutions. -
What are the restraints of Identity and Access Management market ?
Lack of knowledge about identity and access management Nowadays, handling user identities while accessing identity & access management services via cloud or on-premises is one of the critical issues faced by several organizations. Organizations or end users lack the knowledge of identity & access management solutions and its implementation. Furthermore, there is lack of trust and transparency related to data locations, accessibility of servers, and extensibility and flexibility of solutions offered by the identity & access management service providers, along with privacy issues related to these solutions. Moreover, security policies and issues related to implementation of roadmap are restraining the growth of identity & access management market. Successful identity & access management solution deployments ensure integrity of identities used to access potentially sensitive resources and reduce the risk of breaches; however, privacy issues still remain a major concern for the identity & access management solution providers and thus, this factor is expected to restrain the growth of the identity & access management market in the coming years. -
What are the challenges of Identity and Access Management market ?
Complex integration due to diversified IT system From the past five years, companies are constantly growing through M&A creating complex and heterogeneous IT environments. New operating platforms and business applications are added to legacy systems with too many identities, inconsistent password policies, and diverse and time-consuming processes. This, in turn, creates problems for users, and identity & access management solution to maintain efficiency, security, and compliance. Moreover, several applications that organizations use are provided by third parties and are accessed remotely. This has led to rapid increase in cyber-attacks and complex entitlement processes. Hence, to avoid any discrepancy in the identity & access management project within an organization, vendors are providing identity & access management solutions to continuously evolve their plug-ins or technologies that must be compatible with multiple devices and provide seamless scalability with minimum investment. -
What are the opportunities in Identity and Access Management market ?
Increasing cloud and SaaS adoption With rise in use of cloud, management and securing multiple accounts via cloud is increasing. This has resulted in increased adoption of identity & access management solutions. Earlier, organizations used to consider identity & access management technologies as capital expenditure, which was purchased and implemented on-premises of an organization. There was a huge cost structure associated with successful implementation of identity & access management projects, which required months of rigorous work. This trend is changing continuously with the growing cloud market, as implementing, and accessing identity & access management services (via-cloud) is becoming easier due to limited capital required for its initiation and less time of implementation. With the growth of SMEs, the adoption of identity & access management solutions across organizations has also increased. -
What are the recent developments in Identity and Access Management market ?
April, 2015 New Product Launch - IBM launched its QRadar Security Intelligence technology to the cloud. The technology will enable companies with the ability to prioritize real threats and free-up sensitive resources to fight cyber-attacks. August, 2014 Acquisition - IBM acquired Lighthouse Security Group LLC, a cloud security services provider. This acquisition has helped IBM to combine its identity & access management offerings with the Lighthouse Security Group. Furthermore, it has helped IBM to provide full suite of identity management software and services. July, 2014 Acquisition - IBM acquired CrossIdeas, the provider of identity governance and analytics software. CrossIdeas joined the developments under IBM Security Systems. This has helped IBM to strengthen its position in the advanced identity analytics and intelligence solutions market. June, 2014 Expansion - IBM opened a new IT security operation center in Costa Rica. This opening enable IBM to address the increasing security requirements of its clients in this region.
Best Identity and Access Management Software in 2022
CyberArk defend, manage and review user and application credentials, deliver least privilege access, control applications on endpoints and servers, and protect, monitor, and analyze all privileged activity and proactively notifying on anomalous behaviour. It offers comprehensive readymade solution to defend, monitor, identify and respond in a tamper-proof, scalable and built for complex distributed environments to provide the highest security from insider and advanced threats.
Cirrus identity provides the function of securing the enterprises with a simple login solution. It provides digital identity management solutions and is considered a swiss army knife. It works for the best organisations like Google, Facebook and LinkedIn and with top 40 universities like the University of Michigan, University of Chicago, and Brown University, etc. The company was found on January 2013 with the motive to earn profit and became a private company whose headquarter is in California, United States. It provides the identity management solutions to manage user login so the business can focus on the main activities and their core product and engage the customers with their fastest services.
CionSystems is a cloud-based IAM (Identity and Access Management) solutions centralized on-premise enterprise to Microsoft Office 365 which provides automated users provisioning, de-provisioning and collects the auditing data for compliances from AD. It is designed to integrate with school systems, HR systems, school districts and IT organizations of varying complexity, skills, sizes, levels, and in verticals like the telecom sector, finance, and education sector as well.
Core Security Identity and Access Management (IAM) software offer threat-aware identity, authentication, and vulnerability management solutions. It helps the users to develop a strong identity governance foundation crucial for the success of identity and access management program. It reduces the incidence of identity-related risk and provides protection against the risk of routine changes, the risks arising from business changes, and the risk of insider threats. Overall it reduces all kinds of identity-related risks within an organization.
Hoyos Wallet is the only unhackable solution to preserve private wallets and the assets inside. Users can rest assured because their digital wallet is secured by the hoyos wallet. The hoyos wallet is the ultimate verification and encryption method that ties together advanced, multi-biometric protection and control. It significantly diminishes a large attack surface down to a single user. The hoyos wallet provides investors the convenience of hot and cold password preservation.
Crossmatch IAM (Identity Access Management) is an HID globally accepted flexible hardware and software in providing biometric identity and access management solutions. This solution provides a convenient and comprehensive iris capture portable device for the verification of identity in less than five seconds with secure authentication solutions to the operators. The software helps businesses and governments integrate and strengthen security, reliability, and support through unparalleled automation technology.
Beta Systems offers Grancy IAM that enhances the safe handling of business data, decreases operational costs, reduces risks related with data access, and allows effective data processes that fulfill the legal and audit requirements. It provides advanced tools to supervise and monitor access to data and applications according to enterprise requirements and a specialist role of each user. Its Access Intelligence Manager delivers reports and multi-dimensional analyses to check corporate access rights structures and identify potential access risks.
Ekata Identity and Access Management (IAM) software offers award-winning global identity verification that helps a company to grow revenue by maximizing predictability of good transactions, diminishing customer friction at account opening and detecting more frauds, abuses, etc. It improves the performance of the payment risk model and decreases false declines. It provides reliable workflow integration directly into a proprietary system. It ensures quality customer experience with its manual review tool.
IAM Cloud Customer Identity Management is an advanced cloud-based identity management platform that is designed to manage IT and provides the tool to manage resources with high automation and a view into security policies across the organization and enterprise with built-in auditing to ease compliance process. IAM Cloud Customer Identity Management automates account provisioning and de-provisioning and the program can replace Dirsync for Office 365 which helps reduce costs while increasing security around leavers.
Identropy IAM has two major trends: better preserving who gets ingress to which resources to minimize the risk and make assure that users have all the access they required to maximize business enablement. It designed to deliver a pragmatic roadmap for managing the identity lifecycle based on real-world business needs and internal dynamics whether for IT administrators, customers, and employees.
Gemalto Ezio softeware uses robust authentication to allow organizations and trust centers to safe access, identities, and interactions. It includes cloud-based or server-based management platforms, advanced development tools, and the broadest range of authenticators.
ForgeRock is an (Identity and Access Management) Platform which is designed for various industries like financial services, retails, Telco, media, government, and healthcare as well as supporting all use cases for customers and employee. ForgeRock empowers the address anytime on-demand to enable the digital experiences and delivers the security, privacy, and compliance for all consumers, workforce and all other identities.
HYPR is a true password less Multi-factor authentication security solution to secure the desktop and enhance productivity and it is designed for cross-platform, cross-cloud across the globe. HYPR has a partnership with ForgeRock’s, they together provide the intelligent authentication technology that ensures the end-user to get the best possible authentication method any time. HYPR stops and pushes attack before it is arisen by initiating authentication on the mobile device.
The Identity Automation IAM (Identity and Access Management) software is a complete and scalable solution that easily address security threats in today’s market. The software verifies the identity by reading the automated passwords from the IT community on the Rapididentity comprehensive platform to enhance a true and new approach to the security of new users, dissolving perimeter, and growing data.
1Password IAM (Identity and Access Management) software is easy to use password manager which is designed for businesses as well as individuals to stay secure online and is suitable for Mac, Android, Windows and iOS which securely stores and fills passwords. 1Password sets master password policies that offer both corporates and individuals password management which focuses on the users' security controls, auditing, and easy deployment.
AlertEnterprise manages identity access across several Physical Access Control Systems and delivers full incorporation with several IT applications, such as LDAP and SharePoint. It offers a solution to effectively manage Physical Badging processes to provide a common access/platform for identity management. It can integrate with existing PACS so that there is no need to replace existing hardware. In addition, the solution provides the capabilities to integrate with multiple Access Control Systems from different vendors.
The Autho is a cloud-based IAM (Identity and Access Management) on-premises software providing rapidly integrated authentication and helps understand how to have access to the cloud by the right users with the right resources. The software consists of B2B, CIAM and B2E services to support clients in the enterprise eliminating the long sales cycle processes.
BigID offers IAM (Identity Access Management) solution which provides a centralized view into private and personal data protection which is distributed across the data repositories to meet the requirement of GDPR. BigID ensures companies to safeguard their customer data and assure the privacy of most sensitive data and reducing the breach of risk. BigID automatically tracks the x-border flow of data for all PI.
Deep Identity IAM (Identity and Access Management) solutions provide comprehensive information including authorization information across applications, databases, operating systems and network devices for the complete attestation process. Deep Identity and access management process enhances organizations’ IT security and enables organizations to meet regulatory requirements. It correlates users with their access to systems and applications. This solution quickly identifies sensitive, duplicate, in-active, and orphan files and remove un-authorized access to these files.
EmpowerID IAM (Identity & Access Management) solution protects user’s account access without exposing the login credentials of privileged accounts. It mitigates access risks and minimizes the segregation of duties incidents and helps simplify the users’ access process, as well as roles designs, reviews, and certifications. The number of applications used by the users gets exploded with the rapid adoption of Cloud applications that creates immense challenges for IT security departments. This solution separates authentication from access control by storing and retrieving passwords from a secure, encrypted password vault.
ID.me IAM is the next-generation identity platform that offers identity proofing, verification, authentication for government and business sectors. Instantly verify customer eligibility for exclusive discounts build loyalty in strategic customer segments and diminish discount fraud. ID.me correct human errors like- bad photos are the cause of failure of documentation ID.me corrects bad angles, blurriness and light reflection. And verify the identity of new users with NIST 800-63-3 aligned identity proofing.
Evolveum offers midpoint Identity and access management which has a source code to all system components that can be downloaded for any use. It covers both technological and business requirements. It is an open source product with services covering all customer needs, and is supported by developers themselves and subscribers who have an influence on the product roadmap. The timeless open source model allows a completely transparent approach and constantly growing vibrant engineering and business community.
SAP installs identity and access management (IAM) in complex on-premise and cloud environments with the SAP Cloud Identity Access Governance software. It can improve IAM practices with an in-built, dashboard-driven interface, and a simple single sign-on (SSO) experience in the cloud.
WatchGuard integrates identity and access management abilities, with features focused on the combination between the two. WatchGuard SSL 2.0 makes it easier for organizations to control access to the required resources at any given time, with powerful integration tools, enhanced security, and reporting technology.
Broadcom identity and access management technologies can be arranged in a variety of flexible deployment models to resolve an extensive range of customer use cases and can gauge to meet the needs of the most large and demanding customers. It can combine and correlate identity and access rights across an extensive range of systems including on-premises applications, cloud applications, and privileged user identities to make trusted identities and develop trust in digital relationships.
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