The growth of business across the world has resulted in increased security risk and with higher risk comes added regulation and compliance norms imposed by regulatory authorities. With increasing corporate compliance norms, organizations will try to control access to information. Hence, the number of companies that seek the services of Identity Access Management (IAM) firms that help protect identity and data theft in organizations, has also seen a rise.
Forrester Research in its recent report stated that the IAM market will see some explosive growth in the years ahead. The report estimated the value of IAM market at about $2.6 billion in 2006, and by 2014 will hit $12.3 billion, with provisioning accounting for nearly two-thirds of all IAM revenues.