MCP-1409: IDENTITY MANAGEMENT SOFTWARE– A GLOBAL STRATEGIC BUSINESS REPORT

Identity Management Software Market to Reach $4.9 Billion by 2012, According to New Report by Global Industry Analysts, Inc.

Increasingly stringent regulatory requirements continue to propel growth in the market for identity management software. Governments worldwide are enacting regulations that protect information for safeguarding privacy. Helped along by positive trends, the market is projected to reach $4.9 billion in 2012.

San Jose, California (PRWEB), April 29, 2008 -- Proliferation of access levels and number of highly sensitive transactions has brought to fore the importance of identity management in the corporate world. Regulatory requirements are one of the critical factors providing impetus to market growth. Laws such as GLBA, HIPAA, California SB 1386, Sarbanes-Oxley, the USA Patriot Act, and the EU Data Protection Directive require businesses to establish authentic users by employing realistic methods and monitor access to resources, while also protecting user privacy. To meet growing demand, vendors are focusing on end-to-end identity management products to enable businesses to manage identity security issues. Integration of meta-directories and password management into provisioning and tighter integration between Web single sign-on and provisioning solutions are some of the key product trends. Federated identity management is also fast gaining market acceptance.

United States market for identity management software, the largest market worldwide, is estimated at $1.45 billion, as stated by Global Industry Analysts, Inc. Global identity management software market is dominated by US and Europe, which collectively account for nearly 75% of the market. Authorization represents the largest segment with sales estimated at $1.6 billion in 2007. Market for authentication software in the US is expected to cross the $500-million mark by 2013.

The market for identity management software is highly fragmented as distinct products and systems are required to form a complete identity management solution. The fragmented market is characterized by the presence of several software powerhouses. Market participants include ActivIdentity, Aladdin Knowledge Systems Ltd, BEA Systems, Beta Systems Software AG, BMC Software, BNX Systems, Computer Associates, Netegrity, Courion Corporation, Entegrity Solutions, Entrust, Evidian SA, Fujitsu Ltd, Gemalto NV, Hewlett-Packard, Hitachi, IBM Tivoli, Microsoft Corp, M-Tech Information Technology, Novell, Oracle Corporation, Ping Identity Corporation, RSA Security, SafeNet, Siemens, Sun Microsystems, VeriSign and Verizon Business

“Identity Management Software: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, industry standards, technological developments, new product introductions, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, France, Germany, the UK, Italy and Asia-Pacific (including Japan). Analytics are provided for the period 2000-2015, in terms of product segments including Authorization, Authentication and Administration.

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