Welcome!

Blog Feed Post

Identity Relationship Management Market to Exceed $50 Billion by 2020

By Bob Gourley

ForgeRock hosts flash mob at RSA to celebrate extraordinary growth in the identity industry

 SAN FRANCISCO–(February 26, 2014)–ForgeRock Inc., the fastest-growing identity platform vendor, announced today that the identity relationship management (IRM) market, focused on managing customer interactions across any device or environment, will exceed $50 billion by 2020. To celebrate the massive opportunity, ForgeRock surprised RSA attendees with a flash mob today, to draw attention and celebrate the growth opportunities in the identity security space.

This high growth market trajectory reflects the growing need for an effective IRM solution as CIOs shift investment from internal identity projects focused on “keeping things out” to massive external identity projects focused on increasing customer engagement and monetizing those opportunities. Identity services must be in place regardless of sector — retail, finance, insurance, healthcare, government, cloud service, education — in order to extend business reach via social, mobile, cloud, and the Internet of Things.

According to networking giant Cisco, an estimated 8.7 billion things were connected to the Internet in 2012, expecting to grow to 50 billion Internet-connected things by 2020. ForgeRock estimates that every Internet-connected thing (PC, tablet, mobile phone, car, refrigerator, TV etc.) will require identity services in order to make real-time user access decisions based on context (location, IP address, familiar device, etc.). As the Internet of Things (IoT) grows, ForgeRock expects an increase in the number of applications serving each device, driving an increase in identity revenue per device — approximately $50 billion in total opportunity.

“Oracle, IBM and CA are the legacy vendors when it comes to identity” said Scott McNealy, co-founder and former CEO of Sun Microsystems and advisor/investor to ForgeRock. “Oracle missed a big opportunity to take advantage of the Sun open source platform and CA and IBM have not opened up their identity platforms to compete in the modern era of open, interoperable software. ForgeRock is a next generation, open source Identity Relationship Management platform built on the telco grade scale and reliability of Sun technology. We all know how these stories end — mankind wins out over any single proprietary vendor. ForgeRock is building the next generation platform for mankind.”

ForgeRock’s surprise flash mob drew attention to the growing significance of Identity with the lead-in message “Nobody puts Identity in a Corner,” playfully referencing the hit classic film “Dirty Dancing.” The group, made up of ForgeRock employees, volunteers, and professional dancers alike, performed on the streets outside the Moscone Center multiple times, dancing to a mashup of music from “Dirty Dancing” and “Men in Black” while RSA attendees gathered to see what was going on.

“ForgeRock’s vision is to transform markets by facilitating increased access to customers and partners though our next-generation IRM platform,” said Mike Ellis, CEO, ForgeRock. “We are seeing a major disruption in the industry as organizations roll-out more dynamic services to customers, prospects, and suppliers, that react to real-time information about the user identity and the context of that user interaction.”

Supporting Resources

About ForgeRock

ForgeRock, the fastest growing identity relationship management vendor in the world, is building secure relationships across the modern Web. Focused on using online identities to grow revenue, extend reach, and launch new business models, ForgeRock’s Open Identity Stack powers solutions for many of the world’s largest companies and government organizations. Founded in 2010, ForgeRock’s leadership team brings 80 combined years of experience in the software industry and includes open source icons and innovators, with investors from two of the leading global venture capital firms – Accel Partners and Foundation Capital. For more information and free downloads, visit http://www.forgerock.com or follow ForgeRock on Twitter at http://www.twitter.com/forgerock.

forgerockstack

 

Read the original blog entry...

More Stories By Bob Gourley

Bob Gourley writes on enterprise IT. He is a founder of Crucial Point and publisher of CTOvision.com

Latest Stories
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Authorization of web applications developed in the cloud is a fundamental problem for security, yet companies often build solutions from scratch, which is error prone and impedes time to market. This talk shows developers how they can (instead) build on-top of community-owned projects and frameworks for better security.Whether you build software for enterprises, mobile, or internal microservices, security is important. Standards like SAML, OIDC, and SPIFFE help you solve identity and authenticat...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...