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ANZ Identity Management Market Set for Strong Growth and Fierce Competition, According to IDC

  • 10 July, 2008 10:53

<p>Sydney, 10 July 2008. New analysis released by IDC shows the identity and access management (IAM) market in Australia and New Zealand (ANZ) was valued at US$89.4 million in 2007. The market is expected to increase at a compound annual growth rate (CAGR) of 13.1% to reach US$189.3 million by 2012.</p>
<p>IDC research shows that customers will increasingly be looking for end-to-end solutions built on a common platform, providing strong integration, management, reporting, and workflow capabilities. There continues to be a high level of vendor consolidation in the IAM market and with many large suite vendors IDC expects to see more aggressive competition for tenders and better solutions for customers.</p>
<p>"Spending is expected to continue to be strong as organisations turn to IAM solutions to help manage risk, improve corporate oversight, protect assets, improve productivity, reduce cost and complexity, and enforce and simplify the compliance process", says Patrik Bihammar, Senior Analyst, Security Solutions, IDC Australia and New Zealand.</p>
<p>"Key developments in the IAM market over the forecast period will include its role within the broader governance, risk, and compliance (GRC) market; application-, service-, and user-centric identity management; and integration between IAM and security information and event management (SIEM), network access control (NAC), and system management solutions," continued Bihammar.</p>
<p>Other key findings in the study include:</p>
<p>- There continues to be a high level of vendor consolidation in the IAM market. As a consequence, there are now many strong suite vendors in the ANZ market, and competition is expected to be fierce. In 2008 Sun acquired Vauu Inc., IBM acquired Encentuate, Quest Software acquired PassGo Technologies, Ping Identity acquired Sxip Access, a product for on-demand identity management, from Sxip Identity, and Hitachi bought a majority stake in M-Tech.
- Key benefits and drivers for investing in IAM solutions include improved security and productivity as well as reduced administration cost and complexity. Government and industry regulations is another key driver.</p>
<p>On IDC’s website www.idc.com, this media release relates to document #AZ321306Q, Australia and New Zealand Identity Management 2008-2012 Forecast and Analysis</p>
<p>This report is now available. To purchase this report, please contact Lady Gueco, Business Development Manager on +61 2 9925 2261 or lgueco@idc.com.</p>
<p>Ends</p>
<p>For press enquires please contact:
Patrik Bihammar
Senior Analyst, Software
+61 2 9925 2278
pbihammar@idc.com</p>
<p>Sally Taylor-Phillips
Marketing Communications Manager, IDC
+61 2 9925 2234
staylorphillips@idc.com</p>
<p>About IDC
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends covering over 110 countries worldwide. For more than 44 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com or www.idc.com.au.</p>
<p>During 2008, IDC is celebrating its 30th birthday in Australia.</p>

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