Compliance Gives Identity Management Market the Growth Boost

RNCOS: The combined technology and processes surrounding the administration of user accounts and permissions that drive access control policy refers to Identity Management. The Identity Management market is aided partly by stringent corporate compliance requirements. Identity management suites enable the secure and automated management of user roles and identities over corporate resources by combining directory services, provisioning, secure access/ authentication and federation elements.

The identity management market is imbibed by some signs of fragmentation. More than 50 vendors offer single or multiple components placing over authentication, access control, directory, provisioning and reduced sign-on and user self-service.

It is believed that companies maintaining identity management solutions are geared by regulatory compliance reasons requiring them to furnish audit trails of all user actions to government auditors. Some such regulations are HIPAA or the Sarbanes-Oxley Act.

In its latest market research report, RNCOS takes a close look into the trends and forces that give direction to identity management market which includes segments – full suites, provisioning, secure access/ authentication, and federated identity solutions. These are expected to include World revenue by $8.5 billion by 2008.

The total market for identity management (IdM) products and services grew to $4.3 billion in 2003 to reach $6.2 billion by 2007 at a CAGR of 9.9%. These revenues of IdM solution providers would owe largely to their powerful ROI arguments.Identity Management Services – A Market Perspective Publ 20060320