“OKTA may get disrupted because security technology may well change very quickly.”
Can you explain this?
It seems to me competition from a larger company is the biggest threat. As we get to a narrower and narrower niche these companies like OKTA can have their core product suddenly competing with a major player they can’t take on.
I don’t see many security companies that are in a better position to benefit from cloud computing.
At my work we have ServiceNow, opentext, workday, and Salesforce. That’s what I know of. I use the same system password for all of them. The same password I use to log on to my system every day.
My company couldn’t write a software program if their life depended on it. Every time they have done it it didn’t work right. We are now outsourcing more of that to companies like opentext. In the past we’d either write our own program or use something like lotus notes in a way it wasn’t intended. These Saas companies are great for productivity but not if people don’t use them if they can’t figure out how to log in. Yes I work right next to someone who doesn’t use a certain application because she doesn’t know how to log in, even though it would help her do her job better. Our IT department made it a goal as we started using SaaS companies to get everything on one single sign on. I am not sure if we used Okta or someone else. But I don’t see “security technology changing” to obsolete OKTA because there has to be something to talk to all these systems. By no means am I an expert though.
I think with many of these niche players, they will get bought out.