The identity and access management (IAM) market has been forecast to increase at a compound annual growth rate (CAGR) of 13.4% through to 2016, driven by the increase in government regulatory norms, and the increased number of merger and acquisitions.
Although the economic downturn has affected the IAM market, it is proving to be fairly resilient and, along with other security areas, IAM continues to receive higher prioritisation compared with other technologies.
However, the evolution of the market has been impacted by a number of internal and external factors. Internally, merger and acquisition activity has resulted in the consolidation of the vendor landscape around larger, established players, particularly in key areas such as user provisioning and web access management.
Externally, the impact of the economic downturn and the consequent tightening of IT budgets, with a related increasing demand for IAM as a service type of product, have influenced the levels of spending directed on IAM and delivery models end users are opting for.
IAM describes the management of individual principals, their authentication, authorisation, and privileges within or across system and enterprise boundaries with the goal of increasing security and productivity while decreasing cost, downtime and repetitive tasks.
In recent years, vendors in the IAM market have increased their R&D spending on identity management solutions. Leading vendors such as EMC, IBM, Symantec, and CA Technologies have increased their investment in the R&D of IAM solutions.
Moreover, they are partnering with suppliers and value-added resellers for investing significantly in the R&D process. The increased focus on R&D and the establishment of partnership networks is helping vendors to introduce inexpensive and advanced solutions for customers.
Further, the focus on R&D is helping vendors to introduce products with more accuracy and better integration ability. Thus, high accuracy, lower price, and integration ability is leading to the higher adoption of IAM solutions.
One of the major challenges in this market is the increasing complexity of network infrastructure. The increasing complexity of network infrastructure has affected the accuracy of IAM solutions, thereby posing a major challenge to the market.
Key players currently dominating the IAM market include EMC Corp., IBM Corp., Symantec Corp., and CA Technologies, Inc.
For more information on the IAM market, see the latest research: IAM Market
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