Regulatory Compliances Driving Identity Management Market

Delhi, India (PressExposure) February 24, 2009 -- IAM broadly refers to a comprehensive set of solutions used to identify users in a system (e.g., employees, customers, contractors) and to control their access to resources within that system by associating user rights and restrictions with the established identity. According to a new research “Identity and Access Management Market Forecast to 2012” by RNCOS, various regulatory compliance issues surrounding Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Gramm-Leach-Bliley Act (GLBA), and European Union Data Protection Directive are forcing organizations to deploy IAM solutions worldwide.

Additionally, the Payment Card Industry’s Data Security Standard (PCI DSS) has significantly impacted the companies across the entire industry, forcing them adopt a single set of requirements for cardholder data protection. Further impetus for organizations to comply with these regulations includes personal liability and the threat of criminal and/or civil penalties.

According to the report, the global IAM market is projected to grow at a CAGR of nearly 23% during 2009-2012. Nearly two-third of this growth will be driven by international regulatory compliances as the need to comply with specific regulations will push organizations to look for IAM and related solutions to help solve security issues, as determined by company size, revenue and vertical industry compliance demand.

“Identity and Access Management Market Forecast to 2012” provides extensive research and in-depth analysis of the identity and access management market worldwide. It gives an overview of current IAM market status across various regions, including the Americas, EMEA and Asia-Pacific. This research also provides current and future market forecast for various IAM technologies which will grow at faster pace regardless of current market turmoil. Various technologies include Provisioning, Web Single Sign-On, Enterprise Single Sign-On, Identity Federation and Privileged User Management.

The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. It is based on a correlation between the past market growth and growth of base drivers.

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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Press Release Submitted On: February 24, 2009 at 1:22 am
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