Posted by Heidi Schwartz
The global identity and access management (IAM) market is a complex space with segments at different stages of growth. However, decision makers should look for IAM solutions that can simplify access for Web and cloud applications, as well as address issues stemming from the proliferation of myriad mobile computing devices.
New analysis from Frost & Sullivan, Identity & Access Management (IAM) Global Market Analysis, finds that the market earned revenues of $3.9 billion in 2014 and estimates this to reach $5.6 billion by 2019.
“IAM solutions are gaining traction globally as they enable businesses to manage and track user access to Web and enterprise applications using a number of different controls,” said Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez. “This capability is particularly valuable for large organizations that need to manage thousands of identities and access requirements across potentially hundreds of applications.”
Since traditional IAM solutions such as directories, provisioning systems, and single sign-on solutions have reached maturity, adoption of conventional solutions is expected to dwindle. Additionally, IAM has typically been reserved for enterprise customers with deep pockets and the many resources needed to deploy and maintain complex IAM systems. However, changes in business practices and technologies will present new opportunities that will shape the market’s competitive landscape.
“The market will take on renewed vigor as businesses drop the ‘wait-and-see’ approach to manage identity, access, and risk,” noted Rodriguez. “IAM vendors that offer cost-effective, user-friendly solutions will lay the foundation for a holistic defense against cyber threats and lead the way towards the next stage of IAM market growth.”