Frost Radar™: Workforce Identity and Access Management, 2024

Frost Radar™: Workforce Identity and Access Management, 2024

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

As part of Frost & Sullivan’s ongoing research on cybersecurity, analysts conducted a deep dive into the workforce identity and access management (IAM) industry. Frost & Sullivan defines workforce IAM as a framework that controls and manages identities, access, and policies for employees, gig workers, partners, and vendors across IT infrastructures to protect enterprises from unauthorized and potentially harmful security breaches. In an environment in which cybersecurity is one of the highest priorities for all enterprises, challenges are accentuated by constant changes in rules and regulations, new threats, and the lack of resources. IAM faces similar challenges as enterprises struggle to maintain a robust security profile given high complexity, silos, multiple stakeholders, and lack of compatibility among different systems. Organizations must unravel the complexities of their workforce IAM requirements based on budget, type of worker, regulations, geographic location, growth plans, and partners before they can identify the best fit. Vendors’ growth and innovation plans must align with their own before they can invest in a solution or upgrade to include more sophisticated capabilities. Sometimes very little differentiates providers, which is why decision makers must utilize a sandbox or deploy in an isolated environment to measure effectiveness. While rapid implementation is imperative, hasty decisions will make the organization more vulnerable. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their performance, approach to the market, leadership, and other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths. The 10 selected companies excelled across a range of parameters such as consistent commitment to research and innovation, focus on megatrends, product portfolio, customer satisfaction, growth and partnership strategies, and vision.