According to RNCOS research report “Identity and Access Management Market Forecast to 2012,” the Identity and Access Management (IAM) market has been witnessing exponential growth globally, as it has emerged as the most efficient way of identity management. With the increased efforts to comply with the increasing number of international regulatory requirements like payment card industry’s customer identity protection requirements, Sarbanes-Oxley and HIPAA IAM are seeing a widespread increase in the number of deployments.
According to RNCOS research report “Identity and Access Management Market Forecast to 2012,” the Identity and Access Management (IAM) market has been witnessing exponential growth globally, as it has emerged as the most efficient way of identity management. With the increased efforts to comply with the increasing number of international regulatory requirements like payment card industry's customer identity protection requirements, Sarbanes-Oxley and HIPAA IAM are seeing a widespread increase in the number of deployments.
According to RNCOS, the global IAM market was worth around US$3.8 billion for 2009 and will grow at a compound annual growth rate (CAGR) of 13 percent between 2010 and 2013. By the end of 2013, EMEA will dominate the global IAM market, constituting more than 40 percent of the global market, closely followed by Americas and Asia Pacific regions. However, Asia Pacific will witness the fastest growth.
Biometric Databases to Grow 9 Percent
Automated fingerprint identification system (AFIS) technology is used in various law enforcement and civil applications. As an established technology in the law enforcement settings, AFIS is one of the most widespread applications of biometrics today. As many law enforcement organizations are already using AFIS, its primary growth in future will come from private sector employee background check applications. RNCOS report "Global Biometric Forecast to 2012" projected the AFIS technology market will grow at a CAGR of 9 percent between 2010 and 2012.
RNCOS said by the end of 2012, AFIS technology will constitute around 24 percent of the global biometrics market, closely followed by fingerprint recognition and facial recognition.
On the regional front, the report projects that North America and Europe dominated the biometric market, accounting for 31 percent of the global biometric market in 2009, followed by the Asia Pacific region. By 2012, the Middle East and Africa region is also expected to emerge as a growing biometric market, as the Gulf and South African regions are undertaking several initiatives and starting various biometric programs.