The identity management market is growing much faster than the overall IT market, and for good reason. While the enterprise IT market is expected to grow by 3.5 percent through 2018, research firm Technavio predicts the worldwide identity and access management market will grow at 13 percent through 2022.
Why? There are multiple factors at work. For one, there are more users that need to access to more enterprise applications that are scattered among more locations. There are also security drivers, regulatory compliance drivers, enterprise digital transformation efforts and even emerging technologies such as the Internet of Things (IoT).
Identity management, or at least identity management done right, touches on all of these things.
I’ve written often about how identity management is one of those rare technologies that not only help organizations improve their regulatory compliance and security posture, but also helps improve user experience. This is unique for information security. You don’t see many firewalls or encryption methods that enhance user experience.
This dual role of identity is why this technology is so important today. As investments in digital transformation increase, investments in identity will likewise increase as enterprises digitize more business processes and deploy more applications. Identity helps the business move fast but also more securely as sound identity management provides the who, where, what and why of access to enterprise resources.
It’s crucial not to underestimate the important role of automation. As enterprises increasingly embrace hybrid could environments and turn to DevOps to deploy and manage their applications there will be opportunity to find ways to automate routine tasks. One obvious area is self-managed password resets, which typically comprise the most help desk calls in organizations that have not automated password reset processes. In addition, low level access requests, where the risk is low and management approvals are typically rubber stamped, can be automated by modern identity management platforms.
This way identity personnel can focus on other more pressing or valuable areas, such as identifying insider access anomalies or moving toward role-based access control. Staff can stop wasting time on low risk and low-level processes and focus on efforts that help to streamline and improve how identities are managed throughout their lifecycles.
Finally, there’s IoT. IoT, and even automated business processes, will be managed with identities just like the identities of personnel are managed today. While not all IoT devices will be so managed, many will — and for security and effectiveness some will need to be managed just like human identities.
So as your enterprise presses forward with cloud, digital transformation, and business process automation, you will be pressed to move both quickly and securely. Among the first places you should look to build efficiencies is in your identity management efforts.
*** This is a Security Bloggers Network syndicated blog from Cybersecurity Matters – DXC Blogs authored by Cybersecurity Matters. Read the original post at: https://blogs.dxc.technology/2018/10/11/the-app-explosion-digital-transformation-drive-rapid-growth-of-the-identity-management-market/