Research and Markets has announced the addition of the "Global Identity and Access Management Market 2012-2016" report to their offering.
The analysts forecast the Global Identity and Access Management market to grow at a CAGR of 13.4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing government regulatory norms. The Global Identity and Access Management market has also been witnessing an increased number of merger and acquisitions. However, the increasing complexity of network infrastructure could pose a challenge to the growth of this market.
The key vendors dominating this space include EMC, IBM, Symantec and CA Technologies. Other vendors mentioned in this report are SafeNet, Oracle, Novell, Quest Software, ActivIdentity, Gemalto, and Microsoft.
Commenting on the report, an analyst from the team said: In recent years, the vendors in the Global IAM market have increased their R&D spending on IAM 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. Thus, the trend of increasing spending on R&D is expected to augur well for the growth of the market.
According to the report, one of the major drivers in this market is the growing need for high-level data security in government departments. Government departments such as Intelligence, Defense, and Finance are the major adopters and users of IAM solutions. In recent years, the various government departments have made significant contributions to the market revenue.