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Enterprises Benefit from Vendor Focus on Reducing IAM Complexity to Enhance User Experience
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As part of Frost & Sullivan’s ongoing research on cybersecurity, we conducted a deep-dive analysis of 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. IAM solutions include, but are not limited to, single sign-on (SSO), multifactor 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 enterprises struggle to maintain a robust security profile, despite 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, the integration of next-generation solutions and technology into existing (and legacy) infrastructure, optimizing business processes, and orchestrating a strong IAM policy and strategy that aligns seamlessly with the increasing complexity of IAM. In addition to delving deeper into IAM solutions and products, key industry participants, vertical, regional, and technology trends, the research explores strategic imperatives, growth environment, and growth opportunities. The research highlights the latest offerings, innovations, growth plans, and strategies of the vendors.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 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 challenges, workforce IAM is poised for significant growth and will continue to be an important strategic imperative.
Numerous examples are used to illustrate the various workforce IAM solutions offered by vendors and their impact.
Key Issues Addressed
Author: Deepali Sathe
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