/24-7PressRelease/ - NEW DELHI, INDIA, April 14, 2006 - RNCOS Research: (http://www.marketsmonitor.com/category/COM30.html) The security software market is expected to be dominated by identity and access management. The growth of 20% would be essentially to arrest large-scale identity thefts, data control and compliance issues, and business and legal consequences that may arise from unauthorized access to data.
Identity management involves managing users in the enterprise application environment. It also explains how users are created, how they are granted access privileges, how their applications are controlled and managed, and how these events are tracked and reported.
In its latest market research report, "Identity Management Services - A Market Perspective" 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. According to the report these are expected to include world revenue by $8.5 billion by 2008.
The report includes technical information introducing identity management, market drivers, applications, and emerging trends in the identity management market. There is a precise SWOT analysis to project technology as the strength of the market and cost as its hindrance.
The market research report by RNCOS also includes an extensive and in-depth analysis of the dynamics, competitive landscape and growth potential of each of the market segments. It examines new technology developments like web services for cheaper and rapid changes in identity management infrastructure.
As the difference between the real world identity and digital identity narrow down, the importance of identity management systems in the digital world and Liberty Alliance architecture increases. There are a number of technological and business issues that remain to be addressed.
There are, however, some concerns of the governments. Privacy regulations such as the E.U privacy directive or US sector-specific legislation create specific controls on how personally identifiable information can be processed in IT systems. These regulations provide requirements for privacy policy control component of an identity management system and impose restrictions on businesses exploiting identity information.
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