Ubisecure Inc

About This Project

Ubisecure is a Europe-based Customer Identity & Access Management (CIAM) specialist and offers a comprehensive identity management platform deployed as IDaaS (Identity-as-a-Service) or on-premises software. The company is also GLEIF-accredited to issue Legal Entity Identifiers (LEI) via its RapidLEI service and has quickly become the global #1 LEI Issuer both in terms of volume and data quality.

As well as managing risk against data breaches, using Ubisecure enables Zero Trust to greatly improve the security and experience of how users authenticate, register, access, engage and use the organisation’s application, whether it’s a web, mobile or a legacy service.

Analysts view Ubisecure as an “Emerging Leader” within the CIAM space – demonstrating high strength of product portfolio and strong business strategy excellence (Markets & Markets).

Use Case Overview

Enterprises use the Identity Platform to quickly implement use cases like single sign-on (SSO), multi-factor authentication (MFA), access management, authorisation and consent policies, advanced identity relationship management, login-as-a-service, and KYC/onboarding for both individual and organisation clients.

The platform has native support for a wide range of digital identities to enable real time identity verification and proofing, including Bank IDs, European eIDs (including involvement in the 2022 EU ID for cross border identity verification), mobile IDs, enterprise and social identities.

Additionally, the RapidLEI service helps BFSI to manage and issue large volumes of LEIs to improve organisation-based authentication, meet compliance regulations during real-time transactions, and provide better KYC/onboarding experiences for clients.

Market Dynamics

CIAM solutions help organizations acquire and recognize customer data to manage, authenticate, and validate their identities and deliver a secure and seamless customer experience.

The factors driving the growth of the global CIAM market are the dramatic rise in security breaches and cyberattacks across enterprises, resulting in financial and reputational losses, the high cost impact of endpoint attacks, the surge in trends such as Bring Your Own Device (BYOD), Bring Your Own Identity (BYOI), and the normalisation of remote working during the COVID-19 pandemic.

The overall CIAM market size is projected to grow from USD 8,644 million in 2021 to USD 17,673 million by 2026, with a CAGR of 15.3% in the European geography during the forecast period (Markets and Markets).

The CIAM market and use-cases are well defined, with Gartner and other major analyst houses highlighting CIAM as a core business asset.  High performing companies are 4x more likely to use CIAM technology than lower performing companies (Salesforce state of Marketing Report).  Regulation like GDPR, PSD2, and AMLD5 are driving the need for companies to manage identity data securely, and provide consent management over PII.

Performance

Ubisecure has achieved consistent ARR growth since 2016. The company is projected to achieve 5x in 4 years by end of 2022.