Hitachi ID Systems has worked to address the trends in the identity and access management market as reported in the February 2010 report “Market Trends: Identity and Access Management Market, Worldwide 2007-2013” from Gartner. The top trends were identified as: vendor consolidation, passwords acting as primary authentication, strong interest in cloud computing and software-as-a-service, internal controls as the key driver for ID management projects, and the fact that many of these projects continue to fail or run over-budget.
As passwords continue to be the authentication tool of choice the need to secure that medium becomes a necessity as well. Hitachi ID Password Manager manages all authentication factors allowing organizations to consolidate the management of passwords, security questions, biometric samples, smart cards, one-time passwrod tokens and full-disk encryption keys, and hereby eliminating the risk associated with overused passwords.
Additionally the Hitachi ID Management Suite features randomizing privileged account passwords and controlling access to those accounts which enforces the compliance between actual and role-based entitlements and protects the internal software. The built-in connectors, request and approval screens, workflow processes and reports are part of the suite as well and can reduce the cost of deployment and project risk.
Gartner estimated that the ID management market will grow to $12 billion by 2013, with an annual growth rate of 7%.