TECH SUPPLIER Aug 2021 - IDC Survey Spotlight - Doc # US48127021

Higher Spending Projected for Advanced Authentication Solutions in 2021

By: Jay BretzmannProgram Director, Security Products

Abstract

This IDC Survey Spotlight provides a deeper look into how 791 worldwide organizations are planning to spend their 2021 security budgets by asking specifically about the identity and digital trust submarket for advanced authentication technology. Respondents were asked to provide a percentage spending increase or decrease for multifactor authentication (MFA) solutions.

The data comes from IDC's July 2021 Future Enterprise Resiliency and Spending Survey, Wave 6, and the results appear to contrast a bit with broader security spending indications collected from IDC's December 2020 COVID-19 Impact on IT Spending Survey. North American respondents to the COVID-19 Wave surveys were indicating a larger decrease in overall security spending back in December 2020 (see Worldwide Identity Forecast, 2021–2025: Improving Identity Hygiene — It's Time for a Second Shot, IDC #US47318121, July 2021). These findings add credence to IDC's belief that identity security has become a top priority supporting digital transformation projects and COVID-19-related shifts in how employees and business partners are staying connected.

Within the past 12 months, MFA technology has transitioned from a nice to have to a required identity security component. Remote workers gave cybercriminals a new attack vector as many companies struggled to accommodate work-from-home employees logging in using shared devices and insecure home network environments. IDC believes 2021 will be a time for replacing stop-gap connectivity measures and restoring user productivity with improved interfaces and reduced log-in frictions.


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