BASINGSTOKE, England, October 17, 2022--(BUSINESS WIRE)--A new study from Juniper Research has found that the total business spend on SIEM (Security Identity & Event Management) will exceed $6.4 billion globally by 2027, from just over $4.4 billion in 2022. It predicts that this growth of 45% will be driven by the transition from term licence (where businesses can use SIEM for specific licence lengths) to more flexible SaaS (Software-as-a-Service) models (where SIEM solutions are purchased via monthly subscription). This will enable small businesses to access previously unaffordable services.
A SIEM system is a combination of SIM (Security Information Management) & SEM (Security Event Management), which results in real-time automated analysis of security alerts generated by applications and network hardware; leading to improved corporate cybersecurity.
IBM Tops Juniper Research Competitor Leaderboard
The research identified the world’s leading SIEM providers by evaluating their offerings, and the key factors that have led to their respective success, such as the breadth and depth of their platforms.
The top 3 vendors are:
Research co-author Nick Maynard explained further: "Juniper Research has ranked IBM as leading in the global SIEM market, based on its highly successful analytics platform and its ease of integration. SIEM vendors aiming to compete must design scalable solutions that are accessible to smaller businesses, which can provide easy-to-understand, actionable insights for less experienced cybersecurity teams."
Transition to SaaS Accelerating Rapidly
Additionally, the research found that SaaS business models within SIEM are gaining traction; accounting for almost 73% of global business spend on SIEM in 2027, from only 37% in 2022. This significant increase represents an opportunity for newer vendors to break into the market with appealing SaaS-based models, but SIEM vendors must be careful not to leave larger enterprises, which still prefer term licences, behind.
View the SIEM market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/security-information-event-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/why-siem-is-critical-to-cybersecurity-processes
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221016005001/en/
Sam Smith, Press Relations
T: +44(0)1256 830002
Consistency of experience, operations and results is one of the most important factors in technology product success. However, while it is a commonplace issue in consumer tech, the subject is seldom highlighted in enterprise IT solutions and services. That makes last week’s announcement that Red Hat will transfer its data storage portfolio and teams to IBM Storage particularly interesting. Let’s take a look.
Also see: Top Cloud Companies
Why is consistency so important? Consider it from a consumer perspective, where a consistent, simple, recognizable, reliable interface removes much of the pain and confusion out of what are often highly complex operations and interactions. Developing reliably consistent, easy to use interfaces is a primary reason for the success of solution providers, such as Microsoft, Apple and Google, as well as web-based companies, like Amazon, eBay and many others.
Those same benefits—reduced complexity and confusion, and increased efficiency and productivity—are clearly in the interest of businesses, as well. But the basic nature of enterprise IT is usually at odds with reliance on or adherence to single companies or platforms. Instead, organizations tend to engage specific vendors to support specific workloads, applications and business processes.
That can be further complicated by leadership changes. For example, new CTO or IT decision makers who prefer or are more familiar with specific vendors and platforms often choose new solutions and tools to replace or run alongside legacy systems and applications. That is further exacerbated by the general longevity of business computing hardware, which is why many enterprise IT infrastructures are hodgepodges of heterogeneous hardware and software.
Let’s add two other issues to the enterprise IT headache heap. First and foremost, all those systems and applications need to be able to successfully access and use organizations’ stored information resources, and to consistently support the creation, acquisition and management of new data. Second, those same on-premises systems, applications and data assets need to be consistently supported and managed across off-premises cloud platforms.
In other words, without the vital benefits that consistent experience, results and expectations provide, enterprise IT can find itself on a fast track to frustration and failure.
Also see: Why Cloud Means Cloud Native
How does the transfer of Red Hat’s storage assets and teams to IBM address this? First, it is important to consider the work that both have put into taming heterogeneous storage complexity. In IBM’s case, the company’s IBM Spectrum Storage Suite has been designed to support both IBM’s homegrown storage systems and scores of solutions from third party vendors.
For example, IBM Spectrum Control and IBM Storage Insights are designed to effectively monitor, analyze and manage complex enterprise storage environments. In addition, IBM Spectrum Virtualize focuses on block storage management and IBM Spectrum Scale can be used to manage unstructured data storage.
Finally, IBM Spectrum Fusion is a container-native file storage platform designed for Kubernetes applications running on Red Hat’s OpenShift Container Platform (OCP). All can be used with select offerings from Dell EMC, Hitachi Data Systems (HDS), Huawei, HP/3PAR, Lenovo, NetApp and Pure Storage.
Red Hat’s Ceph Storage is a highly scalable open-source software-defined storage solution designed to address enterprises’ block, file and object storage needs. It is deeply integrated with Red Hat’s OpenStack Platform and is at the center of the OpenShift Data Foundation (ODF).
Many enterprises are running Red Hat Rook as the Ceph operator in Kubernetes clusters. However, Ceph can run securely anywhere that OpenShift runs—on-premises and in the cloud—and is designed to help enterprises simplify operations and speed application developers’ time to market.
According to IBM, it will integrate the storage technologies from Red Hat ODF as the foundation for IBM Spectrum Fusion, thus combining the companies’ container technologies. In addition, IBM intends to offer new Ceph solutions to deliver a unified, software-defined storage platform that bridges the architectural divide between data centers and cloud providers.
As Denis Kenneally, GM of IBM Storage noted in a blog post about the announcement, “Today’s news means faster hybrid, multi-cloud deployments, with greater simplicity and expanded platform support backed by IBM’s global sales and lifecycle services. IBM will continue Red Hat’s commitment to existing customers and the open-source community, and we are accelerating our roadmap with new products and services to be announced in the coming months.”
Also see: Top Digital Transformation Companies
So what are the essential takeaways from this announcement? First and most practically, the combination of IBM and Red Hat’s storage assets and teams will support both companies’ existing solutions and initiatives. They should also result in a host of new storage offerings and services their customers can use to consistently manage and monitor their data resources. This is true no matter where they reside—on premises, off premises and in hybrid and multi-cloud environments.
Just as importantly, the announcement speaks to IBM’s continuing efforts to develop innovative heterogeneous storage solutions and to its ongoing commitment to support open-source projects and technologies. It also underscores the value of IBM’s acquisition of Red Hat, and the benefits that have accrued from that deal.
Overall, the combination of IBM and Red Hat’s storage assets and teams should benefit both organizations and their enterprise customers. It will also likely interest other large businesses that are struggling to capture consistent performance and benefits from their data storage investments.
Also see: Best Machine Learning Platforms
New centre to position Odisha as a technology resource hub of India
Bhubaneswar | Published 17.10.22, 12:40 AM|
Odisha chief minister Naveen Patnaik on Sunday inaugurated IBM’s Client Innovation Centre (CIC) at O-Hub, Chandaka Industrial Estate in Bhubaneswar, further expanding the IT ecosystem in the state.
The new centre will position Odisha as a technology resource hub of India.
The centre will have a capacity of 500 employees as the company is looking to expand its capacity to serve global clients out of India. It will create opportunities for existing employees and enable the company to harness the potential talent, including graduate hires from the technical educational ecosystem in Odisha.
“Over the years, the resurgent Odisha has scripted success stories in many spheres. It is marching ahead with renewed confidence towards a New Odisha adopting new ideas, innovation, and entrepreneurship. Odisha is now fast emerging as a technology resource hub of India,” Naveen said while inaugurating the facility.
He said that most IT firms have set foot in Bhubaneswar, given the immense scope available in the city. “The enabling environment, facilitation service and huge talent pool available here have turned Odisha into a destination of choice. Opening up of the IBM Client Innovation Center adds yet another watershed moment, signifying the fast-changing IT ecosystem in Odisha,” he said.
The new CIC will leverage the IBM Garage method of delivery, an approach that helps IBM “Co-create", “Co-innovate”, and “Co-operate” transformative business and complex technology solutions with its clients and ecosystem partners.
Tusarkanti Behera, minister of electronics and information technology, said: “We are committed to providing an ecosystem for job-linked industrial growth.”
Secretary of the electronics and information technology department, Manoj Kumar Mishra, said the Client Innovation Centre will further bolster the IT ecosystem in the state and create jobs for Odisha’s youth.
Customer Identity & Access Management (CIAM) , Security OperationsConsumerization of IT Has Brought CIAM Methods, Technologies to Workforce IAM Space
Perennial leaders ForgeRock, Ping Identity and IBM, along with a surging Okta, set themselves apart from the pack of CIAM vendors in the latest report by KuppingerCole analysts.
See Also: Building a Secure IoT Deployment Using 5G Wireless WAN
Ping Identity leapfrogged ForgeRock to capture the gold in product leadership, and IBM once again took the bronze. ForgeRock, Ping Identity and IBM maintained the gold, silver and bronze, respectively, in innovation leadership. And in the market leadership category, Microsoft again took gold, Auth0 catapulted from seventh to second place in market leadership due to becoming part of Okta, and SAP fell from second to third since the last report in late 2020, KuppingerCole found.
"The trend toward digitalization of consumer experiences was well underway in the late 2010s, and the COVID pandemic forced more businesses and other organizations to expedite digital transformation," John Tolbert wrote in the 120-page report. "With every iteration of this report, we observe significant acquisitions of CIAM specialists by others in the market, and entry into the market of new vendors."
Microsoft, Okta and IBM were the three market share leaders in the broader $13.6 billion identity and access management category last year, while Ping Identity and ForgeRock captured ninth and 10th place, according to IDC. Thoma Bravo has acquired SailPoint and plans to buy Ping and ForgeRock. Should the three companies be combined, it would take the bronze in market share, narrowly edging out IBM.
"Innovation in CIAM drives the wider IAM market," Tolbert wrote. "The 'consumerization of IT' is exemplified by the push to use CIAM methods and technologies for registration, authentication, and authorization in workforce IAM. Features that were considered innovative in the previous edition of this report are going mainstream."
Outside of the top four, here's how KuppingerCole sees the CIAM market:
The latest rankings represent a drop for SAP and WSO2, which fell from third to fifth and eighth to 10th, respectively. Microsoft and OneWelcome leapt from ninth to seventh and 10th to ninth, respectively. LoginRadius held steady in sixth place, while Transmit Security - which raised $543 million last year - is new to the list.
"The CIAM market is growing and there is room for much further expansion, with many vendors offering mature solutions providing standard and deluxe features to support millions of users across every industrial sector," Tolbert wrote. "Some vendors have about every feature one could want in a CIAM product, while others are more specialized, and thus have different kinds of technical capabilities."
|IBM||Lighthouse Security Group||Not Disclosed||August 2014|
|Ping Identity||UnboundID||Not Disclosed||August 2016|
ForgeRock in April refreshed the user interface around its authentication app to Improve the customer experience, add functionality for facial biometrics, and leverage capabilities from Apple and Android, according to CEO Fran Rosch. He says ForgeRock has sought smarter ways to identify legitimate users and provide them access by leveraging AI to collect signals of typical user and device behavior.
Once ForgeRock has collected patterns around a typical positive user experience, the company develops a risk score to provide customers more confidence about whether a legitimate user is attempting to log in. To prevent account takeover fraud, ForgeRock has factored in both known threats and threats projected via AI into its risk score and has incorporated more information about device behavior into its app (see: Thoma Bravo Identity Push Continues With $2.3B ForgeRock Buy).
"CIAM has got a strong security component, but also a strong usability component," Rosch tells Information Security Media Group. "And we've always worked to embed that capability of self-service and ease of use into the platform."
KuppingerCole criticized ForgeRock for implementation challenges around the on-premises version and a lack of native marketing analytics, marketplace integrations and certification around FIDO. Rosch says ForgeRock has focused on simplifying the deployment of its on-premises offering by crafting DevOps capabilities for implementation, simplifying upgrades and creating new configurable AI for the platform.
"Every company's got room to improve," Rosch says. "Generally, we would agree with those areas identified by KuppingerCole. We're continuing to work and to improve."
Over the past five years, Ping Identity has migrated all of its core capabilities to the cloud, meaning customers don't have to deal with infrastructure, management or upgrades and can focus on the user experience, says Dustin Maxey, vice president of product and solutions marketing. Having everything available as a multi-tenant, SaaS-based offering means Ping can support customers' various deployment options, he says.
Maxey says Ping has defined and developed workflows for CIAM scenarios such as account registration and fraud detection that incorporate both native and third-party capabilities and are easy for customers to use. Over the past year, Ping has made real progress on decentralized identity and combining multiple fraud signals in one place so that risk and fraud can be assessed at the point of authentication, he says (see: Ping Identity to Go Private in $2.8B Thoma Bravo Acquisition).
"A lot of competitors will have orchestration platforms, but Ping really differentiates in that we fully embrace this open mentality," Maxey tells ISMG. "If you want to use competitive services - if you want to use ForgeRock authentication or Okta authentication - we can plug that authentication service into our orchestration platform that we created."
KuppingerCole criticized Ping for its inability to collect device attributes, customization requiring for consent handling, and lack of simple connectors for BI, CRM, marketing analytics and automation. Maxey says Ping has focused on building the most important connectors first and wants to create deep integrations within its existing connectors before pivoting to construct new connectors.
"We are on a tear to build connectors that are deep, that are numerous and that are the ones that represent the services that our customers work with," Maxey says. "And we are moving very, very fast at that."
IBM has actively participated in committees and bodies that manage protocol support to help clients better manage API and authentication requests in applications, says Wesley Gyure, director of product management for IBM Security. Offering support for both old and new protocols gives clients a seamless experience across apps in legacy infrastructure as well as modern web-based applications in the cloud.
Gyure says the company has integrated its CIAM offering with threat intelligence to get more visibility into everything from compromised passwords to potential malicious account takeover and the opening of fraudulent accounts. Identity threat detection and response starts with determining whether to block or challenge a registration request based on if the IP address is known and if the device could be malicious (see: IBM Buys Startup Databand.ai to Address Data Quality Issues).
"We have very large Fortune 500 clients that are using our systems, both legacy and off-prem," Gyure tells ISMG. "Auto manufacturers, retail, state and local government - they all have millions of users that are authenticating to our system, and they're doing so in a frictionless way and they're doing so with high throughput."
KuppingerCole chided IBM for complicated licensing, limited configurations for family management, and no built-in identity proofing or out-of-the-box consumer device management portals. The complexity stems from thousands of customers already using CIAM in large deployments, and Gyure says a pricing calculator for the latest tools should provide clients visibility and transparency into how IBM licenses.
"We're not going to be the experts in every area," Gyure says. "Customers already have investments in solutions that they're using, and those investments have to integrate into whatever CIAM solution they may choose. This is not a rip-and-replace conversation. We want to make this easy and consumable, and to do that means to leverage capabilities and investments that they may already have."
Okta has made strides to enable app builders to better manage user authentication at scale by enabling developers to add another layer of access controls that's more fine-grained and consistent across apps, says Matt Duench, senior director of product marketing. The company's flow editor allows for no-code integration with firms such as Duo directly into the platform by leveraging a drag-and-drop interface.
Duench says the company has debuted a deployment option in Microsoft Azure so that customers in Europe and elsewhere can deploy in the environment that makes the most sense for them. Okta has strengthened its account takeover prevention capability through investments in Credential Guard and has reduced bot attacks by 79% by incorporating machine-learning upgrades in its bot detection engine (see: Okta-Auth0 Sales Integration Falters, Fueling Staff Turnover).
"We were born in the cloud, and so we're really well suited for companies that are focused on digital transformation and cloud migration versus more of an on-prem system," Duench tells ISMG. "And that's because a lot of the flexibility that now you get from a cloud-based system you can get within our platform as well."
KuppingerCole criticized Okta for a lack of built-in behavioral biometrics, FIDO certification, and ability to collect device intel via mobile SDK. Okta says there are regulatory, privacy and technology constraints around capturing device intel via mobile SDK in consumer applications and that the company chose to allow customers to integrate Okta's CIAM tool with the behavioral biometrics technology of their choice.
"You need a cloud-based platform that is extensible, that is unified and that is neutral so that you can really allow the application builder to build those use cases in the way and using the methodologies that they're traditionally used to," Duench says.
Founded in 1911 as a Computing-Tabulating-Recording Company, International Business Machines (IBM) needs to keep its finger on the pulse of the development of information technology not to be ousted by younger tech giants like Google, Microsoft, Apple, and Amazon. With the advent of the internet, IBM needed to widen the spectrum of its products and services to retain its strong position in the tech field. Although the company lost its dominance, having only a 5% market share in 2021, as opposed to 68% shared by Microsoft, Amazon, and Google, it has many spectacular achievements to its credit. IBM holds more patents than any other technology company and takes pride in employees who have earned five Nobel Prizes, four Turing Awards, five National Medals of Technology, and five National Medals of Science. And it had been the top tech company for longer than any of the titans dominating the market now.
Also called “Big Blue,” IBM indeed has an impressive pedigree. After starting to produce hardware at the beginning of the last century, it thrived in this business for decades and became the leading supplier of mainframe computers worldwide. IBM’s gross income had inexorably grown in the last part of the twentieth century, expanding from $14.450 billion earned in 1975 to $71.940 billion made in 1995. The company’s revenue skyrocketed to the record level of $106.9 billion in 2011, after which it has steadily been declining amidst its transition into new technologies and lines of business. To move with the times and survive the competition from other tech titans, IBM gradually shifted its focus from hardware to software and services. It began to devote more energy and money to cloud-based services and cognitive computing. IBM focuses now on offering primarily network services, application services, cloud services, digital workplace services, business processes and operations, technology consulting services, and AI services. IBM Watson, a cognitive system capable of answering questions posed in natural language, has become the company’s high-visibility offering in the technology field. IBM has a strong faith in Watson, promoting the system as a benevolent digital assistant that would help hospitals, offices, factories, and farms. The company’s white paper referred to Watson as “the future of knowing.”
To see how well IBM has prepared for, what it calls, the new age of understanding, study the statistical data presented below.
Sources: IBM, Wikipedia
Once an unparalleled tech giant, IBM has been struggling for the last decade. It had to adjust to the changing world by selling its low-margin businesses and investing in high-margin ones. To implement its strategies, Big Blue sold IBM WebSphere Commerce to HCL Technologies in 2018 and a part of the Watson Health business at the beginning of this year. Although IBM’s earnings are still high, they do not reach the levels hit between 2006 and 2012. The company’s annual revenue skyrocketed to $106.9 billion in 2011, whereas it was only $57 billion last year. In the second quarter of 2022, IBM’s earnings dropped below expectations. IBM’s falling fortune is reflected in the table below:
IBM’s Annual Revenue since 2000 (in $US Billion)
|Year||Annual Revenue (in $US Billion)|
|2022 (Q1; Q2)||$14.2 billion; $15.5 billion|
Source: Statista; IBM
Big Blue has repeatedly changed the segment reporting to reflect its move away from being hardware, software, and service company towards becoming a cognitive solutions and cloud platform company. It changed its segment reporting in 2016, 2019, and 2021. The last change was dictated by IBM’s need to align its segment reporting with its platform-centric approach to hybrid cloud and AI. There are presently six segments in IBM’s business: Technology Services and Cloud Platforms, Infrastructure, Software, Consulting, Financing, and Other. In 2021, IBM’s software segment generated $24.14 billion of its global revenue of $57.35 billion. In 2022 so far, the Software division earned $5.77 billion and $6.2 billion, in the first and second quarters, respectively. The Consulting sector brought the company $4.83 billion in Q1 and $4.8 billion in Q2 of the current year. The revenue earned by the Infrastructure segment amounted to $3.22 billion in the first quarter and $4.0 billion in the second quarter. Revenues generated by IBM’s segments in the last two years are shown in the table below:
IBM’s Annual Revenue by Segment for 2020-2021 (in $US billion)
|Technology Services and Cloud||$25.00||$28.00|
In the second quarter of 2022, IBM’s Cloud Infrastructure had only a 4% share of the worldwide market, lagging behind Amazon, Azure, and Google Cloud. The spending on global cloud infrastructure services soared to $55 billion and thus brought the industry’s total for the twelve months to more than $203.5 billion. Outshining IBM, Amazon and Microsoft together accounted for more than half of cloud infrastructure revenues in the three months that ended on June 30.
These figures show how much Big Blue fell from grace because, in the past, it used to enjoy the leading position. In 2017, IBM reported cloud revenue growth of 33% year-over-year in its first quarter earnings. In that quarter, its cloud revenue jumped to $3.5 billion. IBM’s total cloud revenue over the past 12 months that year hit $41.6 billion and catapulted IBM to the top of the list in the field of enterprise cloud. In the first quarter of 2017, today’s winners were obliged only to trail behind with lower earnings: Microsoft with $14 billion, Amazon with $12.20 billion, and Google with $10 billion. The latest market share of the main providers of cloud infrastructure can be seen in the table below:
Worldwide Market Share of Cloud Infrastructure Providers in Q2 2022
Sources: Statista, IBM
Net income is defined as a company’s net profit or loss after it has accounted for all its revenues, income items, and expenses. IBM’s net income for the quarter ending on June 30, 2022, was $1.292 billion, which constituted a 5.06% jump year-over-year. The company’s net profit for the 12 months ending on June 30, 2022, was $5.588 billion, demonstrating an increase of 4.76% year-over-year. Last year, IBM’s annual net income reached $5.743 billion, a 2.74% surge from 2020. The first year of the pandemic brought IBM a net income of $5.59 billion, which was a whopping 40.73% drop from 2019. In 2019, IBM’s annual net profit was $9.431 billion, an 8.05% advance from 2018. The uneven trajectory of IBM’s annual net income is drawn in the table below:
IBM’s Annual Net Income since 2009 (in $US Billion)
|Year||Net Income in $US Billion|
IBM is the fifth largest employer in the United States. In 2021, the company employed 282,000 people worldwide. This year, the number of people working for Big Blue dipped to 245,000. As the company has lately been struggling, experiencing drops in its revenues, it is trying to restructure its business and be on par with such tech giants as Amazon, Microsoft, Google, and Apple. Hence the decline in the number of its employees this year. The table below shows how the number of IBM’s employees has changed over the years:
IBM’s Number of Employees Worldwide from 2000 to 2022 (in 1,000s)
|Year||Number of Employees (in 1,000s)|
As the world is facing a probable recession, analysts believe that the enterprise tech sector will still continue going strong. People who are tech-savvy will turn to IBM in these unpleasant times to help them survive in a tighter economic environment and use the company’s software, consulting, and infrastructure to work productively during an economic decline. Big Blue can definitely provide the products and services people will need in the near future. IBM’s Q2 2022 results signify that technology spending in such spheres as AI, cloud, automation and networking is steady. The company beat anticipated results in the second quarter and boasted its first double-digit quarterly revenue growth in more than a decade. Automatic calculations conducted at Coinpriceforecast.com inspire faith in the company’s future and the cost of its stock. At the beginning of the year, IBM’s stock price was $116.92. At the time of writing, IBM is trading at $118.81, thus demonstrating a 2% jump from January 2022. Coinpriceforecast.com foresees that by Christmas, IBM will surge to $138. In the first half of 2023, the price of the stock might advance to $145 and end the next year at $155, adding 30% to today’s price. Whether or not these predictions prove to be correct, IBM will surely continue pushing technology and innovation forward, as it has spectacularly done since the beginning of the twentieth century.
Amanda “Mandy” Long, most recently vice president of information technology automation at IBM (NYSE: IBM), has joined BigBear.ai (NYSE: BBAI) as CEO and a board member.
Long succeeds Reggie Brothers, who will stay as a company adviser and transition to the role of operating partner at BigBear’s private equity owner AE Industrial Partners, the Columbia, Maryland-based company said Tuesday.
Brothers, a two-time Wash100 Award winner, has led the analytics and cyber engineering services company since its founding in December 2020.
Peter Cannito, chairman of the board at BigBear.ai, said Long brings to the company her experience in mergers and acquisitions and software products and expertise in advancing the adoption of artificial intelligence platforms, building technology portfolios and driving revenue growth.
“With Mandy at the helm, we expect to accelerate BigBear.ai’s ability to bring AI-based products to both Commercial and Federal markets as the Company transitions from a premier services and solutions provider to a technology-led, multi-market leader in AI,” Cannito added.
Long spent five years at IBM and held roles of increasing responsibility, including VP of IBM integration and application platform, general manager for IBM Watson health provider analytics and chief product and strategy officer, AI for IBM Watson. She previously served as VP of product management at Modernizing Medicine and Experian Health.