JumpCloud and ESG Find 77% of Organizations to Increase IAM Spending

SOURCE: JumpCloud

A new ESG Research Survey sponsored by JumpCloud shows that 97% of organizations plan to expand, or continue existing spending levels on identity and access management (IAM). As IT teams struggle to deal with piecemeal extensions required to secure and manage user identities, the new study highlights the need to simplify identity, access, and device management through consolidation of disparate security tools.

“Organizations of all sizes are converging their IAM strategy to better secure and connect their users, something that has been a challenge due to the number of tools these teams are having to manage,” said Doug Cahill, vice president and group director of cybersecurity at ESG. “The trend away from siloed approaches is only going to become more common.”

ESG’s Cahill and JumpCloud’s co-founder Rajat Bhargava will be hosting a webinar on the study, “2021 State of IAM and Security: Opportunities and Threats” on Tuesday, October 13 at 8:00 am PT/11:00 am ET.

Other findings include:

– Growing IAM spending: 97% of organizations plan to expand, or continue existing spending levels, on identity and access management (IAM). 77% are going to increase spending, while 20% plan to keep IAM spending at the same level.

– Vendor consolidation in IAM: Almost half (49%) of respondents said they plan to consolidate IAM controls, using fewer security vendors.
Demand for new policies and technologies: 80% of respondents agree that a new set of IAM policies and technologies are needed to manage the access of cloud applications, existing applications, infrastructure, and DevOps tools.

– Biggest IAM challenges: When asked about the biggest IAM challenges created by cloud services, respondents said the three biggest challenges were 1) “maintaining security consistency across our own data center and public cloud environments” (33%); 2) “an increase in remote users as a result of the coronavirus pandemic requires access to a diverse range of applications” (32%), and 3) “the use of cloud applications to share data with external third parties increases risk” (24%).

“This new research validates JumpCloud’s approach of building a single, cloud based directory platform that lets IT securely manage identities, devices, and access from a single pane of glass,” said Bhargava. “In the past six months, more and more businesses have moved to JumpCloud to consolidate directories, SSO, and other key elements of IAM.”