Identity Governance and Administration Market Overview:
The global Identity Governance and Administration (IGA) Market is expected to grow at a CAGR of 15.20% from 2023 to 2032, to reach USD 19.65 billion by 2032. The market is being driven by the increasing adoption of cloud-based solutions, the growing need for compliance, and the rising number of cyberattacks.
IGA solutions help organizations to manage their identities and access rights across all IT systems and applications. This helps to protect sensitive data, prevent unauthorized access, and improve compliance with regulations.
Market Segmentation:
The global IGA market is segmented by component, deployment mode, organization size, industry vertical, and region.
- By component, the market is segmented into solutions and services. The solutions segment is expected to be the larger contributor than the services segment, as organizations are increasingly adopting IGA solutions to improve their security posture.
- By deployment mode, the market is segmented into on-premises and cloud-based. The cloud-based deployment mode is expected to grow at a faster rate than the on-premises deployment mode, as organizations are increasingly adopting cloud-based solutions for their IT infrastructure.
- By organization size, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises are expected to be the larger contributor than SMEs, as they have a larger number of users and IT systems to manage.
- By industry vertical, the market is segmented into banking, financial services, and insurance (BFSI), government and defense, healthcare, retail, manufacturing, telecom and IT, energy and utilities, and others. The BFSI industry is expected to be the largest contributor, as it has a large number of sensitive data and is a target for cyberattacks.
- By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to be the largest market, followed by Europe and Asia Pacific. The growth of the market in North America is attributed to the increasing adoption of cloud-based solutions and the growing need for compliance. The growth of the market in Asia Pacific is attributed to the rising number of cyberattacks and the increasing adoption of cloud-based solutions.
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Key Players:
Some of the key players in the global IGA market are:
- SailPoint Technologies Holdings, Inc.
- Oracle Corporation
- IBM Corporation
- One Identity LLC
- CA Technologies
- Saviynt Inc.
- Micro Focus
- Hitachi ID Systems, Inc.
- RSA Security LLC
- Omada A/S
- AlertEnterprise
- Core Security
- SAP SE
- Microsoft Corporation
- Atos SE
These companies are developing innovative IGA solutions to meet the growing demand from organizations. They are also investing in research and development to develop new features and capabilities for their IGA solutions.
Key Drivers:
- Increasing adoption of cloud-based solutions
The increasing adoption of cloud-based solutions is one of the key drivers for the IGA market. Cloud-based solutions offer a number of benefits, such as scalability, flexibility, and cost-effectiveness. These benefits are driving organizations to adopt cloud-based IGA solutions.
- Growing need for compliance
The growing need for compliance is another key driver for the IGA market. Organizations are increasingly being required to comply with a number of regulations, such as the General Data Protection Regulation (GDPR) and the Sarbanes-Oxley Act (SOX). IGA solutions can help organizations to comply with these regulations by providing a centralized repository for user identities and access rights.
- Rising number of cyberattacks
The rising number of cyberattacks is also driving the growth of the IGA market. Cyberattacks are becoming more sophisticated and are increasingly targeting user identities and access rights. IGA solutions can help organizations to protect themselves from cyberattacks by providing a number of security features, such as user provisioning and password management.
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Conclusion:
The global IGA market is expected to grow at a significant rate during the forecast period. The growth of the market is attributed to a number of factors, such as the increasing adoption of cloud-based solutions, the growing need for compliance, and the rising number of cyberattacks. Organizations are increasingly adopting IGA solutions to improve their security posture and protect their sensitive data. The market is expected to witness significant growth in the coming years.
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Identity Governance and Administration Market HighlightsThe global digital lending market is also segmented based on component, deployment mode, organization size, industry vertical, and region/country.By component, the Identity Governance and Administration Market has been segmented into solution and services.
The solutions segment is expected to be the larger contributor than services segment, whereas the services segment is expected to register a higher CAGR during the forecast period.Based on organization size, the large enterprises are anticipated to contribute the higher share than SMEs as these enterprises invest a significant amount on key cybersecurity solutions including IGA.
The cloud segment is expected to witness the larger adoption than on-premises, and it is also expected to register the higher CAGR.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7829Based on industry vertical, the market has been segmented into banking, financial services, and insurance (BFSI), government and defense, healthcare, retail, manufacturing, telecom and IT, energy and utilities, and others.
The BFSI segment is expected to be the largest contributor while the healthcare segment is expected to grow with the highest CAGR from 2019 to 2024.Identity Governance and Administration Market Key Players:Market Research Future recognizes the following vendors as prominent players in the IGA market— SailPoint Technologies Holdings, Inc. (US), Oracle Corporation (US), IBM Corporation (US), One Identity LLC (US), CA Technologies (US), Saviynt Inc. (US), Micro Focus (UK), Hitachi ID Systems, Inc. (Canada), RSA Security LLC (US), Omada A/S (Denmark), AlertEnterprise (US), Core Security (US), SAP (Germany), Microsoft Corporation (US), and Atos SE (France).Identity Governance and Administration Market Regional AnalysisA geographic analysis of the global identity governance and administration (IGA) market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.North America has been segmented into the US, Canada, and Mexico.
The regional market is expected to be the largest contributor to the IGA market during the forecast period, 2019 to 2024.
The presence of major vendors and fast adoption of innovative solutions are the key driving factors for the growth of the IGA market in the region.
Identity Governance and Administration Market report published by MarketsandMarkets™ would help to give strategic overview of Industry, growth and continue to drive by presence of prominent playersAccording to a new market research report "Identity Governance and Administration Market by Component (Solution and Services), Deployment Type, Organization Size, Industry Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Identity Governance and Administration Market expected to grow from USD 3.8 billion in 2018 to USD 7.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.With regulatory and government compliances on the rise in recent times, the adoption of identity governance and administration solution and services within organizations has increased drastically during the past couple of years.Browse in-depth TOC on "Identity Governance and Administration Market” 65- Tables 31- Figures 129- PagesServices segment to hold the largest market size in the Identity Governance and Administration Market during the forecast periodWith government and regulatory compliances on the rise in recent years, the focus of identity management has shifted toward meeting these regulatory compliances, as failure to comply can lead to hefty fines and tarnishing the organization’s brand reputation.
Conventional IAM tools were not capable of helping organizations meet these compliances, and there was a shift in focus toward identity governance.
Identity governance and administration’s automated workflows can help relieve the burden on IT teams and improve their efficiency.
Identity governance and administration solutions helps in automatically tracking entitlements, identifying and removing false authorization, and generating reports for compliance.Request Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142949626Cloud deployment type to grow at a higher CAGR rate during the forecast periodCloud or hosted identity governance and administration solutions are provided as SaaS by service providers.
Thus, the use of cloud-based identity governance and administration solutions provides flexibility to organizations to adjust to the dynamic business environment.
Moreover, North American exhibits a wide presence of key industry players offering identity governance and administration software and services, and their financial position enables them to invest majorly in the leading tools and technologies for effective business operationsMajor vendors offering the identity governance and administration solution across the globe include Oracle (US), IBM (US), SailPoint (US), SAP (Germany), Microsoft (US), CA Technologies (US), Evidian (France), NetIQ (US), One Identity (US), RSA Security (US), Hitachi ID (Canada), Saviynt (US), AlertEnterprise (US), Omada (Denmark), and SecureAuth (US).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
According to a new market research report "Identity Governance and Administration Market by Component (Solution and Services), Deployment Type, Organization Size, Industry Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Identity governance and administration market expected to grow from $3.8 billion in 2018 to $7.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.With regulatory and government compliances on the rise in recent times, the adoption of identity governance and administration solution and services within organizations has increased drastically during the past couple of years.Browse in-depth TOC on "Identity Governance and Administration Market"65- Tables31- Figures129- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142949626Services segment to hold the largest market size in the identity governance and administration market during the forecast periodWith government and regulatory compliances on the rise in recent years, the focus of identity management has shifted toward meeting these regulatory compliances, as failure to comply can lead to hefty fines and tarnishing the organization’s brand reputation.
Conventional IAM tools were not capable of helping organizations meet these compliances, and there was a shift in focus toward identity governance.
Identity governance and administration’s automated workflows can help relieve the burden on IT teams and improve their efficiency.
Identity governance and administration solutions helps in automatically tracking entitlements, identifying and removing false authorization, and generating reports for compliance.Cloud deployment type to grow at a higher CAGR rate during the forecast periodCloud or hosted identity governance and administration solutions are provided as SaaS by service providers.
Thus, the use of cloud-based identity governance and administration solutions provides flexibility to organizations to adjust to the dynamic business environment.
Moreover, North American exhibits a wide presence of key industry players offering identity governance and administration software and services, and their financial position enables them to invest majorly in the leading tools and technologies for effective business operations.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=142949626Major vendors offering the identity governance and administration solution across the globe include Oracle (US), IBM (US), SailPoint (US), SAP (Germany), Microsoft (US), CA Technologies (US), Evidian (France), NetIQ (US), One Identity (US), RSA Security (US), Hitachi ID (Canada), Saviynt (US), AlertEnterprise (US), Omada (Denmark), and SecureAuth (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Identity governance and administration services are provided so that the organizations can protect their interests and provide filtered access of information to their employees and monitor their functioning.
This provides businesses with the tools to manage various virtual identities of their employees’ and provide them with the individual specific rights to these identities depending on their work and operations.Global Identity Governance and Administration Market is expected to rise from its initial estimated value of USD 3.63 billion in 2018 to an estimated value of USD 11.94 billion by 2026, registering a CAGR of 16.06% in the forecast period of 2019-2026.
This rise in market value can be attributed to growth in demand from various enterprises for controlling the information and auditing the functions their employees have access to.The competitive analysis of the major market players studied in the Identity governance and administration Market report, assists businesses take better moves for improving their product and sales.
The report contains the details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology.
This Identity governance and administration Market market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2018-2025.
All statistical and numerical information given in the Identity governance and administration Market report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures.Get a Sample Copy of Identity governance and administration market Report to Understand the Complete Insights @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-identity-governance-and-administration-marketMarket Drivers and Restraints:Presence of strict regulations and compliances and the need for various organizations to comply with these regulations is positively driving the growth of the marketBenefits associated with the implementation of these technologies which result in higher effectiveness and efficiency in process of identificationLack of awareness regarding the technology and their benefits in achieving efficiency of operations is expected to restrain the market growthRequirement of large capital funding for the installation and integration of these services along with high cost of maintenance is expected to restrain the growth of the marketThe major players covered in the Identity governance and administration Market Few of the major competitors currently working in the identity governance and administration market are IBM Corporation; Broadcom; Atos SE; Omada A/S; Oracle; Core Security, A HelpSystems Company; AlertEnterprise; One Identity LLC; SailPoint Technologies Holdings, Inc.; SAP SE; Microsoft; RSA Security LLC; Evidian; Saviynt Inc.; Hitachi ID Systems, Inc.; SecureAuth Corporation and Micro Focus.Major TOC Of The ReportChapter One: Identity governance and administration Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Identity governance and administration Market Competition, by PlayersChapter Four: Global Identity governance and administration Market Size by RegionsChapter Five: North America Identity governance and administration Market Revenue by CountriesChapter Six: Europe Identity governance and administration Market Revenue by CountriesChapter Seven: Asia-Pacific Identity governance and administration Market Revenue by CountriesChapter Eight: South America Identity governance and administration Market Revenue by CountriesGet Full Table Of Contents Instantly For Free At https://www.databridgemarketresearch.com/toc/?dbmr=global-identity-governance-and-administration-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Identity governance and administration Market Analysis of market effect factors and their impact on the forecast and outlook of the global Identity governance and administration Market The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Identity governance and administration Market A roadmap of growth opportunities available in the global Identity governance and administration Market with the identification of key factorsThe exhaustive analysis of various trends of the global Identity governance and administration Market to help identify market developmentsInsightful Details Available @https://www.databridgemarketresearch.com/reports/global-identity-governance-and-administration-marketKey Questions Answered in Report:What is the key to the Identity governance and administration Market?What will the Identity governance and administration Market Demand and what will be Growth?What are the latest opportunities for Identity governance and administration Market in the future?What are the strengths of the key players?Browse Related Reports@Embedded Database Management Systems MarketIndoor Farming Technology MarketEmployee Engagement & Feedback Software MarketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
Identity Governance and Administration Market are provided so that the organizations can protect their interests and provide filtered access of information to their employees and monitor their functioning.
This provides businesses with the tools to manage various virtual identities of their employees’ and provide them with the individual specific rights to these identities depending on their work and operations.Global Identity Governance and Administration Market is expected to rise from its initial estimated value of USD 3.63 billion in 2018 to an estimated value of USD 11.94 billion by 2026, registering a CAGR of 16.06% in the forecast period of 2019-2026.
This rise in market value can be attributed to growth in demand from various enterprises for controlling the information and auditing the functions their employees have access to.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-identity-governance-and-administration-marketCompetitive Analysis: Global Identity Governance and Administration MarketFew of the major competitors currently working in the identity governance and administration market are IBM Corporation; Broadcom; Atos SE; Omada A/S; Oracle; Core Security, A HelpSystems Company; AlertEnterprise; One Identity LLC; SailPoint Technologies Holdings, Inc.; SAP SE; Microsoft; RSA Security LLC; Evidian; Saviynt Inc.; Hitachi ID Systems, Inc.; SecureAuth Corporation and Micro Focus.
Key Pointers Covered in the Global Identity Governance and Administration Market Trends and Forecast to 2026Global Identity Governance and Administration Market New Sales VolumesGlobal Identity Governance and Administration Market Replacement Sales VolumesGlobal Identity Governance and Administration Market Installed BaseGlobal Identity Governance and Administration Market By BrandsGlobal Identity Governance and Administration Market SizeGlobal Identity Governance and Administration Market Procedure VolumesGlobal Identity Governance and Administration Market Product Price AnalysisGlobal Identity Governance and Administration Market Healthcare OutcomesGlobal Identity Governance and Administration Market Cost of Care AnalysisGlobal Identity Governance and Administration Market Regulatory Framework and ChangesGlobal Identity Governance and Administration Market Prices and Reimbursement AnalysisGlobal Identity Governance and Administration Market Shares in Different RegionsRecent Developments for Global Identity Governance and Administration Market CompetitorsGlobal Identity Governance and Administration Market Upcoming ApplicationsGlobal Identity Governance and Administration Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-identity-governance-and-administration-market Key Developments in the Market:In October 2018, SailPoint Technologies Holdings, Inc. announced various updates for their SaaS solution (Software as a Solution), termed as “IdentityNow” which will result in higher effectiveness in compliances along with the security issues.
The major update including the Dynamic Discovery Engine, which helps in ease of operation for policy creation, along with offering identity associated objectives and faster identification reviews.In October 2016, Atos SE announced the launch of their Identity and Access Governance solution through their Bull brand with the market name of “Evidian Identity Governance and Administration”.
