Noida, UP -- (SBWire) --05/11/2011 --According to our latest report entitled “IAM Market Forecast to 2013”, the global Identity and Access Management (IAM) market has been witnessing a strong growth pattern for the past few years. Despite the economic downturn, the IAM market continued to perform well and reached to the revenue size of US$ 3.4 Billion in 2009. Factors, such as security concerns and regulatory compliances are boosting the market growth, and will drive the sales in future also. As per our research, the overall IAM market is likely to grow at a CAGR of around 10% during 2011-2013 to reach US$ 5 Billion.
We have found that, cloud based security is an emerging trend in the global IAM market. In a survey conducted by the Cloud Security Alliance and the IEEE, it was found that, 82% of the respondents were in the favor of an urgent need for security standards related to cloud computing environment. Regulatory compliances, thus, will play a vital role in bringing out significant developments in the cloud security segment.
The report “IAM Market Forecast to 2013” covers all the important aspects of global IAM market and provides an analysis of the market performance. The report also investigates the current market trends and their impact on the sector’s development. The roadblocks section in the report illustrates issues that can pose hindrances to the market potential in near future.
The report is an outcome of an extensive research and prudent analysis of the global IAM market that provides reliable statistics and effective content flow. The forecast section in key report areas makes use of proper methods and base, which seek to present a realistic view of the future. Last though not the least, description, and recent activities of key market players complete the overall picture.
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Cloud Based Security to Drive the Global IAM Market
Backed by factors, such as regulatory compliances and security concerns, the global IAM market will grow at the CAGR of 10% during 2011-2013, RNCOS identified.