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Technological Improvement of Identity and Access Management Market

Emerging issues of identity and access breach has brought the alarming need of IAM (Identity and Access Management) solutions so that it could cater the changing organizational need along with technological improvement of these solutions. This would help the customers to handle security issues in a better way along with lowering the cost associated to identities and credentials. IAM solutions provide directory management, identities management, password and access control, and single sign-on. Companies such as IBM, CA technologies, Oracle, Microsoft, Hitachi, EMC Corporation, NetIQ, Dell software, and Okta are the key players in identity and access management market. These companies are into research and development of IAM solutions and cloud-based solutions. The key players are engaging in new product development and acquisitions as it provides companies to expand in new areas, which help them to increase their sales and product reach.

The key players are engaging in acquisitions as it provide companies with great capital and resources, which help them to invest more in research and development in order to innovate for new products and gain traction in the identity and access management market.

IBM, with extensive experience in the IT industry, is aspiring to become the market leader for security, governance, and compliance solutions by offering strategies, capabilities, and technologies for security risk management. The solutions provided by IBM for cyber security for identity and access management are gaining high traction due to their better quality and upgraded technological benefits. The launch of hybrid cloud model in November 2014 has significantly widened its security portfolio across public and private clouds and mobile devices, owing to the shifting customerís usage pattern. Acquisitions of LightHouse Security Group and CrossIdeas in 2014 have helped the company in expanding varied features to its identity and access management security portfolio. The company is extensively focused to expand its foothold worldwide; in January 2015, the company announced a new service center in the U.K. to deliver Cloud, Big Data Analytics, Mobile, Social and Security technologies with locally-based skills and technical expertise to its U.K. clients.

Dell Software is another top company catering the IAM market and has been a prominent provider of innovative identity and access management solutions. The company launched Dell One Identity Cloud Access Manager 8.0, which helps in improving security and provides appropriate access over a wide range of application. Dell acquired Quest Software, an IT management software provider to expand and strengthen its software portfolio and provide customers with end-to-end solutions. This acquisition would help Dell in increasing its customer base as Quest had already built a strong presence in more than 23 countries with customer base of more than 100,000. Dell is focusing on creating and deploying a strong family of security solutions across all regions in order to meet diverse customer needs.

Related Reports:

Identity and Access Management Market by Component (Provisioning, Directory Services, Password Management, SSO, & Audit, Compliance, and Governance), by Organization Size, by Deployment, by Vertical, and by Region - Global Forecast to 2020

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