Compliance & Policy Management Solutions Reaching Mass Market
By Dilip Thomas
A new study by The Radicati Group, Inc. shows that compliance and policy management tools are becoming critical data security solutions for companies in all industries. Designed to capture, preserve, and manage all relevant electronic messages, over the past few years compliance and policy management solutions have been deployed mostly by organizations in select industries (i.e. financial, healthcare, government, etc.) that had to comply with strict regulations, such as Rule SEC 17a-4, HIPAA, DOD 5015, and others. However, the study finds that a fast growing number of organizations today are also deploying compliance solutions for internal purposes in order to avoid potential legal liability resulting from employee misbehavior, loss of confidential data, or inconsistent customer service.
The compliance market continues to offer a great variety of solutions that fit the needs of organizations of all sizes across all industries, with a broad range of different features and price points, ranging from under USD 15 to over USD 100 per user. The compliance market today is shared by anti-spam, e-mail archiving, IM management vendors and pure-play vendors. The total worldwide market value of these solutions is expected to reach over USD 505 million in 2006, and grow over USD 1,763 million by 2010.
