Description

As part of Frost & Sullivan’s ongoing research on Cybersecurity, we conducted a deep-dive into the Workforce Identity and Access Management (IAM) market. Frost & Sullivan defines Workforce IAM as a framework that controls and manages employee identities and access as well as policies across IT infrastructures to protect enterprises from unauthorized and potentially harmful security breaches. The solutions comprising an IAM solution include, but are not limited to, Single Sign-On (SSO), Multi-Factor Authentication (MFA), Lifecycle Management (provisioning, de-provisioning), Password Management, and Compliance Management.

In a business environment where Cybersecurity continues to be one of the highest priorities for all enterprises, the challenges are accentuated by constant changes in regulations, rules, new threats and the lack of resources. IAM is no different as enterprise struggle to maintain a robust security profile in view of high complexity, siloes, multiple stakeholders, and lack of compatibility among different systems. The IAM decisions that CISO’s face today include (but are not limited to) integration of next generation solutions and technology into existing (and legacy) infrastructures, optimizing business processes and orchestrating a strong IAM policy and strategy that aligns seamlessly with increasing complexity of IAM.

In a highly fragmented market, this Radar profiles some of the key vendors in the industry. While some of them have a long history in the IAM sector, some others are relatively new. These companies were selected on the basis of their potential to grow and innovate. Working aggressively to meet IAM challenges of clients, the selected vendors are investing in research and development and work very closely with their clients to ensure that their IAM requirements are met and are future proof.

This research outlines:
•     The growth environment in Workforce IAM market
•     Workforce IAM market key vendors
•     Workforce IAM market strategic insights

Some of the key growth opportunities in the Workforce IAM market are driven by the growing demand for consolidation and simplification of IAM. Similarly other opportunities have emerged as a result of the emerging technologies such as data analytics, artificial intelligence, and machine learning. Providers are looking to augment their solutions with new business models, capabilities and educating clients about best practices to enhance outcomes. COVID-19 challenged the status quo in digital transformation, workplaces and employee access. As enterprises cope with business continuity challenge, the Workforce IAM is poised for a significant growth. Going forward, Workforce IAM will continue to be an important part of strategic imperatives.

Author: Deepali Sathe