Market Share of IAM Security Services Industry
The IAM security services market is fragmented. The vast majority of the players in the market are considering steps to raise their market footprint by focusing on product diversification and development, making them grab a larger market share.
In January 2023, SailPoint Technologies Inc, a company in business identity security, acquired SecZetta, a third-party identity risk solutions provider. With SecZetta, SailPoint will be able to expand its capabilities to help companies gain better visibility into all types of identities, across both employee and non-employee identities - from third-party contractors to temporary workers - all from a single, market-leading identity security platform. This acquisition will give enterprises the centralized approach needed, plus the proper identity proofing required to validate non-employee identities across their businesses fully.
Moreover, in November 2022, Positive Thinking Company, a global independent technology company, partnered with Okta to help companies enable secure access to their target systems. Okta stands out with its product capabilities covering all IAM use cases, products' ease of use, flexibility in integrating with a broad number of apps, and the high quality of documentation available. Combining those strengths with Positive Thinking Company's integration experience, they will nurture long-term relationships with their joint customers, providing them with a one-stop shop for all their identity needs.
IAM Security Services Market Leaders
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IBM Corporation
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Oracle Corporation
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Microsoft Corporation
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Amazon Web Services
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Broadcom Inc.
*Disclaimer: Major Players sorted in no particular order
