Report Predicts Strong Growth In Identity And Access Management Market
A new report from research firm RNCOS, “Identity and Access Management Market Forecast to 2012,” is forecasting strong growth for the identity and access management market.
Organizations across the world have been increasingly incorporating IT into business processes and with this, use of proper security measures have become a critical issue.
These organizations are under increased pressure to strengthen security while reducing cost and streamlining operations. Businesses also need to maintain agility to adapt to rapidly changing requirements. This has led to the increased complexity of their IT networks, demanding a solution that helps manage the growing multiplicity of users who require access to IT resources, while complying with international regulations.
Identity and access management has emerged as a viable solution for businesses, looking for efficient ways of identity management. The deployment of IAM have largely been driven by businesses’ efforts to comply with the growing number of international regulatory requirements such as HIPAA, Sarbanes-Oxley and the Payment Card Industry’s customer identity protection requirements,
According to the report, the IAM market will grow at a CAGR of nearly 23 percent during the period 2009-2012. The drivers for investing in IAM solutions include improved security, productivity and reduced administration cost.
Currently, the Americas region dominates the global IAM market; however, the EMEA and Asia-Pacific region are expected to show phenomenal growth in future, collectively accounting for nearly 62 percent of the market by 2012.