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Identity Governance and Administration Market Report Scope & Overview:

The Identity Governance and Administration Market size was valued at USD 6.45 Billion in 2023 and is expected to reach USD 19.9 Billion by 2031 and grow at a CAGR of 15.19% over the forecast period 2024-2031.

Identity Governance & Administration is a policy-based way to identify user management and provide access control as needed. Identity Governance & Administration (IGA) is used expressly to enhance organizational security and compliance. IGA serves as the hub for all IT operations, enabling and securing digital identities for all users, apps, and data.

Identity Governance and Administration Market Revenue Analysis

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Identity governance and administration also enable firms to give automated access to an increasing number of technological assets while controlling possible security and compliance problems. The IGA is used to manage numerous business objectives such as lowering operating expenses, lowering risk and strengthening security, improving compliance and audit performance, and providing quick, efficient access to the company. As needed, the IGA may also assist in automating operations for providing and de-provisioning users.

MARKET DYNAMICS:

KEY DRIVERS:

  • Organizations' Growing Focus on Meeting Regulatory Compliances.

  • Organizations must improve the operational efficiency of their identity processes.

RESTRAINTS:

  • Implementing Identity Governance and Administration Solutions is Expensive.

  • Inadequate Understanding of Identity Governance and Administration.

OPPORTUNITY:

  • Organizational Adoption of Hybrid Deployment Type is Growing.

  • Organizations are becoming more aware of the need of managing security risks and threats.

CHALLENGES:

  • Managing Identities in a Variety of Operation Environments.

IMPACT OF COVID-19:

Covid 19 has had an impact on various worldwide marketplaces' sales and supply chains. Due to covid 19, the identity governance and administration industry is under pressure. Identity and administration are both programs. It must be implemented in organizations. The program's implementation is problematic due to lockdowns and social alienation. During the epidemic, demand for the program is decreasing. Furthermore, the slowing of output is reducing total market growth. Finding new clientele is a difficulty for the market. During this time, the adoption rate is also declining significantly. However, following Covid 19, market operations will swiftly restart. The identity governance and administration program is predicted to have the greatest acceptance rate in the next years.

MARKET ESTIMATION:

During the projected period, the services sector is estimated to contribute the most to market growth. Identity governance and administration services are provided by solution providers to assist clients in effectively using and managing their identity governance and administration solutions. Identity management encompasses a number of services that collaborate to proactively detect issues and give the best solution for fixing them. Because the industry is fluid, suppliers are always adding and selling new services, such as professional and managed services, to expand their client base. Identity governance and administration services streamline and automate identity management operations while providing access governance and control compliance.

The identity governance and administration solution help businesses to increase security, minimize fraud and improve customer experience. As a result, security is critical for any firm, regardless of size. The SMEs segment is the fastest-growing segment in the identity governance and administration market, as cloud-based solutions and services help them improve business performance, whereas large enterprises are expected to have a larger market share due to affordability and early adoption of emerging technologies.

Identity governance chores get increasingly complicated as more firms migrate from on-premises software to cloud-based services and try to enhance mobile access. To prevent unwanted access to sensitive data traveling between onsite and offsite devices, strong safeguards are required, and a new solution is required to accommodate the growing number of mobile devices connected to business systems. As a result, demand for cloud-based identity governance and management solutions and services is expanding.

KEY MARKET SEGMENTS:

On The Basis of Component

  • Solution

  • Services

On The Basis of Organization Size

  • Large enterprises

  • Small and Medium-sized Enterprises

On The Basis of Deployment Type

  • On-Premises

  • Cloud

On The Basis of Vertical

  • BFSI

  • Government and Defense

  • Telecom and It

  • Healthcare and Life Sciences

  • Energy and Utilities

  • Retail and Consumer Goods

  • Manufacturing

  • Others

Identity Governance and Administration Market Segmentation Analysis

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REGIONAL ANALYSIS:

North America dominates the identity governance and administration market due to the presence of a large number of significant merchants and a stringent identity management administrative environment. Furthermore, the rapid acceptance of identity governance and administration solutions and services by organizations, which in turn drives the growth of the region's identity governance and administration market. Asia-Pacific is expected to witness significant growth in the identity governance and administration market due to the rapidly increasing number of businesses and the increasing need for cybersecurity solutions. These factors are also expected to propel the growth of the region's identity governance and administration market during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are SecureAuth, Oracle, Omada, IBM, AlertEnterprise, SailPoint, Hitachi ID, Microsoft, NetIQ, Evidian & Other Players

SailPoint -Company Financial Analysis

Company Landscape Analysis

Identity Governance and Administration Market Report Scope:
Report Attributes Details
Market Size in 2023  USD 6.45 Billion
Market Size by 2031  USD 19.9 Billion
CAGR  CAGR 15.19% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Solution and Services)
• by Organization Size (Large Enterprises and Small and Medium-sized Enterprises)
• by Deployment Type (On-Premises and Cloud)
• by Vertical (BFSI, Government and Defense, Telecom and It, Healthcare and Life Sciences, Energy and Utilities, Retail and Consumer Goods, Manufacturing, and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles SecureAuth, Oracle, Omada, IBM, AlertEnterprise, SailPoint, Hitachi ID, Microsoft, NetIQ, and Evidian
Key Drivers •Organizations' Growing Focus on Meeting Regulatory Compliances.
•Organizations must improve the operational efficiency of their identity processes.
Market Restraints •Implementing Identity Governance and Administration Solutions is Expensive.
•Inadequate Understanding of Identity Governance and Administration.

Frequently Asked Questions

Ans: - The Identity Governance and Administration Market size was valued at USD 6.24 Bn in 2022.

Ans: -Organizations' Growing Focus on Meeting Regulatory Compliances and Organizations must improve the operational efficiency of their identity processes.

Ans: - North America dominates the identity governance and administration market.

Ans: - The major key players are SecureAuth, Oracle, Omada, IBM, AlertEnterprise, SailPoint, Hitachi ID, Microsoft, NetIQ, and Evidian.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Identity Governance and Administration Market Segmentation, by Component

8.1 Solution

8.2 Services

9. Identity Governance and Administration Market Segmentation, by Organization Size

9.1 Large enterprises

9.2 Small and Medium-sized Enterprises

10. Identity Governance and Administration Market Segmentation, by Deployment Type

10.1 On-Premises

10.2 Cloud

11. Identity Governance and Administration Market Segmentation, by Vertical

11.1 BFSI

11.2 Government and Defense

11.3 Telecom and It

11.4 Healthcare and Life Sciences

11.5 Energy and Utilities

11.6 Retail and Consumer Goods

11.7 Manufacturing

11.8 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 SecureAuth

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Oracle

13.3 Omada

13.4 IBM

13.5 AlertEnterprise

13.6 SailPoint

13.7 Hitachi ID

13.8 Microsoft

13.9 NetIQ

13.10 Evidian

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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