Late this past November, Gartner hosted its annual Identity & Access Management Summit in Las Vegas. This event was a prime opportunity for business leaders to learn how to tackle complex issues around their Identity and Access Management (IAM) strategies. Over 1400 IAM experts got together to see what has been happening in the industry, and what trends Gartner sees on the horizon. Here are a few of our highlights from the event.
More organizations are allocating budget to IAM
One statistic I found particularly interesting was from Gregg Kreizman’s open keynote: 63% of companies plan on replacing one or more IAM technologies within the next 2 years. That’s a substantial chunk. The #1 reason for this is that “Technology environment has changed, and the incumbent solution doesn’t address our requirements.”
This is evident in the projection that for companies with fewer than 1,000 employees, the average 2016 IAM budget will be around $1.6M. (This is total cost, including employee salaries and other overhead, software, hardware, and subscriptions.) For organizations with fewer than 10,000 employees, it’s projected at $2.5M, and for more than 10,000, a projection of $3.4M. That’s a healthy amount of budget to spend on replacement IAM needs.
IDaaS implementation is expected to increase
Another positive trend is the movement towards IDaaS. Today, around 15% of organizations use an IDaaS model, and this is expected to increase to 22% in 2017, and then 28% by the end of 2018. While that might not seem like a lot today, if this growth rate of 6% a year continues, in 2026 — less than a decade from now — over 75% of all firms will be using IDaaS rather than on-premises IAM. This matters because companies typically stick with identity solutions for 15 years or longer; we will see plenty of CA Siteminder installed at customer sites over a decade ago, still chugging away for on-premises applications.
For this IDaaS growth to be realized, the IDaaS vendors need to increase the capabilities provided to be more competitive against the traditional legacy IAM solutions that organizations have implemented on-premise over the last 20 years.
Furthermore, Identity Governance capabilities need to be incorporated into IDaaS so that organizations can more effectively manage the access and entitlements of an increasing number of user communities. To help with Identity Governance, the concept of Identity Analytics is evolving to provide richer knowledge of what users are doing, should be doing, and where risky activity is potentially exposing the enterprise to unwarranted exposures.
IAM will support the Internet of Things
Over 53% of organizations expect their budgets to increase over the next 12 months. Where will they spend their budget? Well, of course, insider threat and privileged account management are is hot, but that normally is a very intrusive and expensive solution to deploy and manage inside the enterprise IT boundaries. IoT will be an initiative, with many of its needs being supported by the IAM infrastructure in place, or going to be put in place.
Identity Management in a rapidly changing world
A number of speakers shared their insights at the event, including OneLogin’s very own VP of Product, David Meyer. David spoke about the evolving role of identity management, explaining that employees use hundreds of applications on all manner of devices. For security professionals, it’s critical to ensure employees can access the right applications — and nothing more.
Viewers got to see how OneLogin lets IT automate access to applications and devices in a rapidly evolving company to provide unbeatable end-user experience with enterprise-grade security, giving our customers the ability to focus on top-line growth rather than manually managing identities.
The Gartner IAM conference had many interesting discussions revolving around these points, and painted a very positive future for IDaaS and secure digital workplaces that organizations are striving to achieve. If you haven’t been to the Gartner IAM Summit before, you definitely should consider making it part of your 2017 conference plans.
To learn more about the OneLogin IAM solution, contact us here. We hope to see you again next year at Gartner IAM Summit 2017!