FRAMINGHAM, Mass.--(BUSINESS WIRE)--A new IDC MarketScape report from IDC Financial Insights looks at identity and access management (IAM) and establishes vendor market positions based primarily on customer value delivered and future vision. IDC Financial Insights defines IAM as a comprehensive set of solutions used to identify users of a system and control their access to resources of that system by associating user rights and restrictions with an established identity. This comprehensive study, IDC MarketScape: Worldwide Identity and Access Management 2011 Vendor Assessment (Doc #FIN232806), was designed to allow end users to understand vendor positioning, strengths, and challenges in a specific market space. Key vendors featured include: IBM, CA Technologies, Oracle, RSA (security division of EMC), Symantec (VeriSign), Courion, SafeNet, VASCO Data Security International, and NetIQ (Formerly Novell).
"Identity and access management is a perpetual topic of importance to Chief Risk Officers and CISOs. Security failures and missteps involving identity systems, coupled with general technology trends and the huge investments banks make in these systems suggest that we are at the beginning of what could be a major shift in the way identity management is delivered and operationalized," said Michael Versace, director of Worldwide Risk Management Strategies for IDC Financial Insights.
This report looks at IAM as the backbone for all financial operations and interactions. As mergers and acquisitions, divestitures, consolidations, and compliance dominate the financial services landscape, IDC Financial Insights expect this market to grow and generate a broad set of opportunities both for established and emerging providers of IAM solutions. In 2010, the financial industry as a whole spent $2.2 billion on identity and access management products from all marketplace vendors, which represents 31.1% of the total spent on all information security products in 2010. This represents an 8.2% increase over the $2.1 billion spent in 2009.
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants and end users. Market weightings are based on user interviews, buyer surveys and the input of a review board of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions within the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor's characteristics, behavior and capability.
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About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-fi.com, email email@example.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial.