KuppingerCole Analysts predicts the Identity Fabrics market to reach 8,2 billion USD by 2025
Wiesbaden, November 3, 2022 – The term “Identity Fabrics” stands for a paradigm and concept of a comprehensive and integrated set of Identity Services, delivering the capabilities required for providing seamless and controlled access for everyone to every service. Identity Fabrics support all types of identities such as employees, partners, consumers, or things. They deliver the full range of identity services required by an organization. Identity Fabrics are not necessarily based on a single technology, tool, or cloud service, but a paradigm for architecting IAM within enterprises. Commonly, the services are provided by a combination of several tools and services, with up to three solutions forming the core of the Identity Fabric. Most organizations that are using this paradigm as a foundation for the evolution of their overall IAM tend to build on a strong core platform for delivering major features and complementing this by other solutions.
Identity Fabrics are designed to support a secure login on several digital services, such as cloud, IoTs, on premises, among others. They provide a unified view of all identities for enabling business processes and security, and contribute to facilitate compliance to legal requirements. They are based on modern architectures and comprehensive API support.
KuppingerCole Analysts research indicates that the Identity Fabrics market is growing significantly, with multiple vendors offering modern solutions. Growth is strong and steady. However, shifting to an Identity Fabric approach involves the migration or implementation of IAM platforms, including integration of a large amount of systems and business applications, and thus relative complex projects. KuppingerCole Analysts predicts that the Compound Annual Growth Rate (CAGR) goes up to 21,2%, leading the Identity Fabrics market to reach 8,2 billion US dollars by 2025.
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