Frequently Asked Questions
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
Sensipass provides biometric technologies with simple interactive steps consisting of three-factor mobile authentication to provide better security without the use of password, patterns or pin codes. The platform can be used for a wide variety of cases from securing physical access to the mobile Cloud IDaaS (ID-as-a-service). This company specialized in biometric technologies, three-factor authentication, fraud prevention, critical infrastructure, visual authentication, etc. It protects the user ID by creating a sophisticated digital signature that cannot be replayed or shared which effectively eliminates the insider threats. The company has patented and developed unique multi-factor login products to be safe from the wrongdoers.
Sentry Login is a password protection solution that aids site owners to monetize their websites and it also supports the incorporation of paid membership into websites that are built based on platforms like Wordpress, yola, blogger, and Weebly. Sentry Login password protection solution allows users to perform skinning and they customize the appearance of login forms and pages as well as it has customization to set up data fields that contains the forms of signup and login.
Sezame IAM (Identity and Access Management) is a free biometric authentication solution that unlocks the PC and laptops, and provides a patented remote multi-factor authentication easily and securely. It allows the clients to login to websites or confirm payments without remembering the password and scanning of fingerprint on Mobile phones through technology via facial recognition that reduces unauthorized access from users’ PC.
Signicat IAM builds a loyal relationship with the customer through a secure, efficient digital identity. Through signicat platform, from onboarding to archiving manage the entire digital customer engagement journey. With streamlined digital onboarding software banks and credit card issuing organizations can enhance conversion rates and customer engagement. It diminishes the risk of fraud or abuse. Verified electronic signing helps to preserve the agreements and consents.
Sigma Fraud Score Identity and Access Management (IAM) software developed by Socure is the holistic fraud detection product in the market. Victimization stripped-down client info, sigma Fraud utilizes machine learning and advanced algorithms to predict the probability the equipped identity is fallacious. The company unambiguously combines email, on-line and social knowledge with ancient offline/credit header information to solve for the market gaps left nonreciprocal by legacy authentication solutions.
Symantec VIP Access Manager software is a next-generation access control platform for the cloud that integrates Single Sign-On (SSO) with strong authentication. This software provides the much-needed control, convenience, and compliance to bridge the gap between IT and the business. Symantec IAM gives users access anywhere, anytime, on any device, and with SSO they only have to login once. In Symantec VIP Access Manager, access policies help ensure that users only have access to what they should and strong authentication means it has a layer of protection, so that only the users get in. Symantec VIP Access Manager also helps simplify compliance auditing for cloud applications by consolidating access logs across all users and applications.
TeamsID is a cloud password-controlled Identity Access Management (IAM) program that allows groups to sync information, get automated backups, and share TeamsID data securely. TeamsID caters to organizations across various industries comprising information technology, power and utilities, education, monetary services, and more.
IDVetting is an extensive Identity and Access Management (IAM) service offered by TelosID for fingerprint background checks. It protects user organizations from high-risk transactions and messy ink cards. IDVetting IAM immediately submits electronic biometric fingerprints to the FBI to compare with an identity history summary. IDVetting IAM offers complete fingerprint background solutions to schools, medical professionals, and commercial organizations. IDVetting IAM has two components. The first component has front-end online services and the second component has back-end services for managing submissions.
TrustBuilder is a state-of-art software providing Identity and access management solution to tackle Web and API- access management tools as per the companies’ requirement. This software is a user-friendly software that has its TrustBuilder identity hub and trust builder for mobile application providing a multi-vendor plugin and brokering framework for control.
[UBISECURE compared with 130 other Identity and Access Management across 59 criteria]. Ubisecure is a leading company providing identity and access management software that helps to build trust with customers. Users can regulate, capture, and preserve their identity data with Ubisecure's customer ID solution. IDaaS and identity API provider with a focus on customer and identity management scenarios. It is best known for providing IAM based digital delegation solutions.
Biometric software is designed by Biometric software it is committed with the safety of persons and organizations. Umanick identity supports numerous biometric technologies like- fingerprint, iris, facial, and recognition it permits the user to identify themselves in a simple and preserve way. Verify the identity of people from any web browser, it is compatible with google chrome, safari and internet explorer. It strengthens preservation and mitigates fraud in an organization.
VU Security IAM (Identity and Access Management) software focused on fraud prevention and identity protection offers frictionless and digitally secure experiences to enhance citizens’ life. It is biometric based software, regulating the citizen's life cycle during the digital transformation process. It is a three-factor authentication platform based on voice detection and works in any language and provides transaction analysis of user behavior and channels for fraud detection and prevention.
WidePoint Cybersecurity solution is offered by WidePoint Corporation. WidePoint Cybersecurity Solutions provides authentication services and information assurance that is designed for government to government, business to government and citizen to government. This solution can use PIV-I credentials with Android, Apple, and Microsoft devices for access into DoD networks, and it mitigates cybersecurity attacks and risks.
Two-factor authentication Wikid Identity and Access Mangement (IAM) System is specially designed for organizations looking for a highly flexible, scalable, on-premises solutions. It offers a more secure and seamless environment, it makes the transition from working in the office to outside the office transparent. Two-factor authentication allows users to maintain total control of the authentication process.
PassHub is a free password manager IAM (Identity Access Management) technology offered by WWpass which ensures the highest level of security and convenience for customers and it is accessible through WWpass 'Passkey Lite app. PassHub provides encryption and security to members' login as well as eliminate risk from a compromised third party by ensuring only authorized individual access.
Privileged access management is designed by Xton technologies, it preserves privileged accounts, assets, and tasks it protects data in all ways, secure accounts, secrets, certificates, and keys from threats both within and beyond the firewall. It restricts, observe and records privileged sessions, blocks rogue operations from being implemented and make a full audit trail of events. It describes policies that will automate password resets and repetitive administrative activities.
Systancia Identity and access management offers an quick synchronization engine that easily combine into upstream and downstream repositories. It also has permission certification and separation of privileged duties (SoD), while permitting traceability and visibility of actions done via audit and reporting module.
Fastpath Identity and access management solution offers access changes online by creating automatic submissions for management approval. It delivers visibility to all SOD hazards before providing access and creates users automatically once it gets approved. It is easy to use and provides seamless experience with intuitive reporting that monitor security access changes
Groove.id offers easy to create app accounts for inexperienced users and assign them the correct privileges within each application. It is so simple to use that many customers choose to empower their team to manage app creation, eliminating busy work and ticketing for IT teams.
Tools4ever’s software solutions offers to choose the functionality of enterprises needs or to use phased implementation process according to timeline and budget. Tools4ever’s software is designed in-house rather than through acquired and modified technologies to have a safe and secure login and to implement seamlessly.
Ilantus offers Identity Plus solution for cloud Identity Governance and Administration with multi-tenanting capabilities. It makes accounts and allocates rights based on user attributes and roles. It gives access to new users on the basis of customer-defined role memberships.