$148 Billion Physical Access Market to Lead IAM Growth by 2023

Washington, D.C., June 19th, 2018 – One World Identity (OWI), an independent identity research and strategy company, has released its 2018 Identity Access Management (IAM) Report, today, breaking down the five distinct sub-sectors of the IAM space and profiling 15 IAM companies leading the industry — ten market leaders and five up-and-comers to watch.

 

The fifteen featured companies include HID Global, LogMeIn, Centrify, Okta, Sailpoint, BioCatch, Duo Security, Yubico, Gigya, Uniken, ShoCard, ProxToMe, Inwebo, Averon, and Gluu.

The report observes solution providers already responding to demand, thanks to advancing technology that is becoming more accurate, reliable, and affordable than legacy security methods. Such technologies are allowing event organizers, law enforcement, governments, office spaces, and even individual homeowners to shift the focus away from the perimeter.
Among the report’s findings are the following observations:

  • The next generation of Identity & Access Management (IAM) will be focused on identity tools and trust and safety mechanisms that help organizations responsibly govern all parties who engage with their brand.
  • The introduction of identity and the concepts of trust and safety as key focal points of these technologies, in addition to centralizing the management of consumers, are the two most notable trends in the space today.
  • Robust security models today are successful at distilling the security problem into its core components; identity, valuable assets, and the access relationships between these two continually evolving things.

“IAM should be thought of as the entire set of processes and technologies that ensures that the right people can access the right assets at the right time for the right purposes,” said Travis Jarae, CEO of OWI. “Navigating the gorge between security and accessibility remains the most basic challenge of IAM – and it’s one that, fundamentally, we’re still trying to solve. In the next five years, it’s only going to improve as algorithms advance, models improve, prices are driven down, and adoption spreads.”