Growth Opportunities in Global Workforce Identity and Access Management

Growth Opportunities in Global Workforce Identity and Access Management

Disruptive Technologies and Intense Competition Create Opportunities for Vendors to Offer Innovative Solutions

RELEASE DATE
16-May-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PF34-01-00-00-00
SKU: AE_2024_724
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Description

Frost & Sullivan defines workforce identity and access management (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 single sign-on, multi-factor authentication, lifecycle management (provisioning, deprovisioning), password management, and compliance management.

In a business environment where cybersecurity continues to be one of the highest priorities for all enterprises, constant changes in regulations, rules, new threats, and the lack of resources accentuate the challenges. IAM is no different as enterprise struggle to maintain a robust security profile given high complexity, siloes, multiple stakeholders, and lack of compatibility among different systems. Devices and non-human identities have proliferated in the IAM ecosystem, increasing complexity.

Chief information security officers (CISOs) must be aware of the latest threats and next-generation solutions and technology to maintain a robust workforce IAM and orchestrate a strong IAM policy and strategy that aligns seamlessly with the rising complexity of IAM. The insights for CISOs section in the report covers the trends among end users.

The growing demand for IAM consolidation and simplification drives some opportunities in the workforce IAM industry. Other opportunities have emerged as advanced technologies enhance outcomes. Vendors can capitalize on them by augmenting their solutions with new business models and capabilities and educating clients about best practices to improve outcomes. Non-human identities, platforms, innovative authentication techniques, and additional capabilities such as identity threat detection and response and IAM resilience and recovery will soon become a robust IAM system.

Frost & Sullivan’s analysis indicates that enterprises are gradually realizing that IAM solution deployment is not a one-time exercise. To fight new threats and meet new regulations, vendors will continue to utilize new technologies to innovate across the identity security stack to improve outcomes. The approach to workforce IAM solutions must embrace both security and user experience so that the workforce is an ally in identity security and not a liability.

This report’s geographic coverage is global. The study period is 2022–2028, with 2023 as the base year and 2023–2028 as the forecast period.

Key Features

Other important information include:

  • The top 3 strategic imperatives for the industry
  • Drivers and challenges affecting the industry growth
  • Trends by region (North America, Europe, Latin America, the Middle East and Africa, Asia-Pacific), vertical (banking, financial services, and insurance; education; government; healthcare; manufacturing; technology and telecommunications; others), and business size (small, medium, large, and very large)
  • Notable participants
  • Opportunities that providers can take advantage of

Author: Deepali Sathe


Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Workforce Identity and Access Management Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Scope of Analysis: Industry Components

Terms and Abbreviations

Terms and Abbreviations (continued)

Funding Initiatives

Mergers and Acquisitions

Breach Incidents

Breach Incidents (continued)

Trend 1: Zero Trust and Workforce IAM

Trend 2: Converged Identity Platforms

Trend 3: Non-human Identities

Influence on Broader/Adjacent Segments

Technology Trends

Segmentation

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis by Business Size

Revenue Forecast Analysis by Business Size (continued)

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Vertical

Revenue Forecast Analysis by Vertical (continued)

Pricing Trends and Forecast Analysis

Pricing Trends and Forecast Analysis (continued)

Competitive Environment

Key Competitors

Key Competitors (continued)

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Business Size

Revenue Forecast by Vertical

Forecast Analysis

Frost & Sullivan’s 2023 Voice of the Enterprise Security Customer Survey

Cybersecurity Budget Allocation for Identity Security

Importance of Identity Security

IAM Adoption Trends

IAM Adoption Trends (continued)

IAM Adoption Trends (continued)

IAM Adoption Trends (continued)

Insights for CISOs

Important Considerations

Growth Opportunity 1: Integrate Device Management

Growth Opportunity 1: Integrate Device Management (continued)

Growth Opportunity 2: Unify the Identity Stack

Growth Opportunity 2: Unify the Identity Stack (continued)

Growth Opportunity 3: Passwordless Authentication

Growth Opportunity 3: Passwordless Authentication (continued)

Growth Opportunity 4: Identity Threat Detection and Response

Growth Opportunity 4: Identity Threat Detection and Response (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Frost & Sullivan defines workforce identity and access management (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 single sign-on, multi-factor authentication, lifecycle management (provisioning, deprovisioning), password management, and compliance management. In a business environment where cybersecurity continues to be one of the highest priorities for all enterprises, constant changes in regulations, rules, new threats, and the lack of resources accentuate the challenges. IAM is no different as enterprise struggle to maintain a robust security profile given high complexity, siloes, multiple stakeholders, and lack of compatibility among different systems. Devices and non-human identities have proliferated in the IAM ecosystem, increasing complexity. Chief information security officers (CISOs) must be aware of the latest threats and next-generation solutions and technology to maintain a robust workforce IAM and orchestrate a strong IAM policy and strategy that aligns seamlessly with the rising complexity of IAM. The insights for CISOs section in the report covers the trends among end users. The growing demand for IAM consolidation and simplification drives some opportunities in the workforce IAM industry. Other opportunities have emerged as advanced technologies enhance outcomes. Vendors can capitalize on them by augmenting their solutions with new business models and capabilities and educating clients about best practices to improve outcomes. Non-human identities, platforms, innovative authentication techniques, and additional capabilities such as identity threat detection and response and IAM resilience and recovery will soon become a robust IAM system. Frost & Sullivan s analysis indicates that enterprises are gradually realizing that IAM solution deployment is not a one-time exercise. To fight new threats and meet new regulations, vendors will continue to utilize new technologies to innovate across the identity security stack to improve outcomes. The approach to workforce IAM solutions must embrace both security and user experience so that the workforce is an ally in identity security and not a liability. This report s geographic coverage is global. The study period is 2022 2028, with 2023 as the base year and 2023 2028 as the forecast period.--BEGIN PROMO--

Key Features

Other important information include:

  • The top 3 strategic imperatives for the industry
  • Drivers and challenges affecting the industry growth
  • Trends by region (North America, Europe, Latin America, the Middle East and Africa, Asia-Pacific), vertical (banking, financial services, and insurance; education; government; healthcare; manufacturing; technology and telecommunications; others), and business size (small, medium, large, and very large)
  • Notable participants
  • Opportunities that providers can take advantage of

Author: Deepali Sathe

More Information
Deliverable Type Market Research
Author Deepali Sathe
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
Predecessor MG80-01-00-00-00
WIP Number PF34-01-00-00-00