Dublin, Sept. 25, 2024 (GLOBE NEWSWIRE) -- The "United States Bimodal Identity Management Solutions Market, By Region, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
United States Bimodal Identity Management Solutions Market was valued at USD 5.4 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 19.7% through 2029
The United States Bimodal Identity Management Solutions Market is experiencing significant growth, driven by the escalating complexity of cybersecurity threats and the need for organizations to adopt versatile identity management strategies. Businesses are recognizing the limitations of traditional identity management systems and turning to bimodal solutions that integrate legacy approaches with innovative technologies. This approach allows enterprises to maintain robust security measures while incorporating agile solutions to counter emerging threats.
The market is further fueled by the increasing adoption of cloud-based services, the rise of remote work, and the need for regulatory compliance. Organizations are seeking comprehensive solutions to safeguard their digital assets, leading to continued expansion of the United States Bimodal Identity Management Solutions Market. This market offers a strategic and future-proofed approach to identity and access management challenges. 
Adoption of Zero Trust Architecture
An emerging trend in the United States Bimodal Identity Management Solutions Market is the widespread adoption of Zero Trust Architecture (ZTA) principles. Zero Trust is a security concept centered around the belief that organizations should not automatically trust any entity, whether internal or external, and must verify all requests for access to resources before granting entry. This approach represents a departure from traditional perimeter-based security models, which rely on the assumption of trust within the network perimeter.
The adoption of Zero Trust Architecture is driven by several factors, including the growing sophistication of cyber threats, the proliferation of cloud-based services, and the rise of remote work. Traditional security models, such as network segmentation and perimeter defenses, are no longer sufficient to protect against advanced threats that can evade perimeter-based controls and compromise internal networks. By adopting Zero Trust principles, organizations can implement granular access controls, continuous authentication, and least privilege access policies to minimize the risk of unauthorized access and lateral movement within their environments.
The increasing adoption of bimodal identity management solutions complements Zero Trust Architecture by providing the necessary identity and access management capabilities to support Zero Trust initiatives. Bimodal solutions enable organizations to implement multifactor authentication, risk-based access controls, and real-time monitoring to enforce Zero Trust principles across hybrid IT environments.
This integration of bimodal identity management with Zero Trust Architecture enhances security posture, reduces the attack surface, and improves visibility and control over user access and activities. As organizations continue to prioritize cybersecurity and adopt Zero Trust principles, the demand for bimodal identity management solutions that support Zero Trust Architecture is expected to grow.
Vendors in the market are increasingly incorporating Zero Trust capabilities into their offerings, providing organizations with the tools and technologies needed to implement a comprehensive Zero Trust strategy. By embracing Zero Trust Architecture and leveraging bimodal identity management solutions, organizations can enhance their security posture, mitigate cyber risks, and ensure the integrity and confidentiality of their digital assets.
Emphasis on User-Centric Identity Management
A notable trend in the United States Bimodal Identity Management Solutions Market is the increasing focus on user-centric identity management. Traditionally, identity management systems have followed rigid authentication rules and policies, often resulting in a standardized approach that may not fully cater to the diverse needs and preferences of users.
However, with the evolution of digital experiences and the demand for personalized services, there's a growing acknowledgment of the importance of placing users at the forefront of identity management strategies. User-centric identity management entails customizing authentication and authorization processes to suit individual users' needs, preferences, and risk profiles. This approach recognizes that users may require varying levels of access to resources based on factors like their role within the organization, location, device, and data sensitivity.
By adopting user-centric identity management practices, organizations can enhance security, improve user experience, and gain greater flexibility and agility in identity management. One of the driving forces behind the emphasis on user-centric identity management is the increasing consumerization of IT. Both employees and customers expect seamless and convenient access to digital resources regardless of their location or device. Traditional identity management methods that impose cumbersome authentication processes or rigid access restrictions can impede productivity and frustrate users. In contrast, user-centric identity management solutions prioritize usability and convenience while upholding robust security measures.
The surge in remote work and the widespread use of mobile devices further highlight the significance of user-centric identity management. Remote workers access corporate resources from various locations and devices, necessitating adaptive authentication methods that can adjust to different contexts and risk levels. User-centric identity management solutions enable organizations to implement features such as adaptive authentication, biometric authentication, and single sign-on capabilities, enhancing security without compromising user experience.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $5.4 Billion |
| Forecasted Market Value (USD) by 2029 | $16.03 Billion |
| Compound Annual Growth Rate | 19.7% |
| Regions Covered | United States |
Report Scope:
Key Market Players
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- RSA Security LLC
- Ping Identity Holding Corp.
- ForgeRock, Inc.
- OneLogin, Inc.
- SailPoint Technologies Holdings, Inc.
United States Bimodal Identity Management Solutions Market, By Vertical:
- Education
- BFSI
- Manufacturing
- Telecom and IT
- Energy
- Healthcare and Life Sciences
- Public Sector & Utilities
- Retail
United States Bimodal Identity Management Solutions Market, By Organization Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
United States Bimodal Identity Management Solutions Market, By Deployment:
- Cloud-based
- On-Premise
United States Bimodal Identity Management Solutions Market, By Region:
- South US
- Midwest US
- North-East US
- West US
For more information about this report visit https://www.researchandmarkets.com/r/q41n0s
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