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Identity and Access Management to grow at 29% CAGR

Mar 12, 2009

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With increasing incidents of hackers thwarting the protection measures implemented by private sector companies and governments, the proportion of IT spending on security technologies is rapidly growing with increasing awareness among organizations about threats to their IT systems. IAM has emerged as one of the fastest growing IT security technologies.
According to our new research report, “Identity and Access Management Market Forecast to 2012”, the rising number of corporate security breaches and identity theft across the world are forcing organizations to deploy identity and access management (IAM) solutions worldwide.
Growing usage of IT/networking across the entire organization, starting from data entry to high level data processing, has increased the risk of unauthorized data access or its misuse that could affect the organization severely. “Use of appropriate IAM technology can definitely help an organization to secure its data from internal as well as external breaches to a large extent”, says a Senior Research Analyst at RNCOS.
Among various IAM technologies growing rapidly at the global level, Provisioning accounts for about 55%-60% of the world’s IAM market revenue, as per our report. User provisioning is a type of identity management software, particularly useful within organizations, where users may be represented by multiple objects on multiple systems. Further, this technology is projected to grow at a CAGR of more than 29% over the next few years. Besides this, other rapidly growing IAM technologies include Enterprise Single Sign-On (ESSO) and Privileged User Management.
Identity and Access Management Market Forecast to 2012” provides extensive research and rationale analysis on the global identity and access management market. It thoroughly studies the factors making IAM technologies imperative in today’s IT driven business environment. The report also gives an insight into the IAM market working under different operating environments such as Windows, UNIX or Linux.
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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