The Identity Governance and Administration Market size was valued at USD 6.24 Bn in 2022 and is expected to reach USD 19.68 Bn by 2030, and grow at a CAGR of 15.43% over the forecast period 2023-2030.
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.
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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.
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.
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.
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
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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
The major key players are SecureAuth, Oracle, Omada, IBM, AlertEnterprise, SailPoint, Hitachi ID, Microsoft, NetIQ, Evidian & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | USD 6.24 Billion |
| Market Size by 2030 | USD 19.68 Billion |
| CAGR | CAGR 15.43% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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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