Enjoy complimentary customisation on priority with our Enterprise License!
The Identity Governance and Administration market is projected to grow by USD 4.79 billion between 2023 and 2028 at a CAGR of 15.39%. In today's business landscape, ensuring regulatory compliance and safeguarding data have become top priorities for organizations. With the increasing number of data breaches and cyberattacks globally, the importance of robust cybersecurity solutions cannot be overstated. Furthermore, the rapid expansion of Internet of Things (IoT) networks adds another layer of complexity to data security. Cybersecurity firms offer comprehensive solutions to help businesses mitigate risks, protect sensitive information, and maintain regulatory compliance. Their key offerings include threat intelligence, vulnerability assessments, penetration testing, incident response, and security awareness training. By partnering with a reputable cybersecurity provider, organizations can fortify their digital defenses and focus on their core business operations with confidence.
To learn more about this report, Download Report Sample
The market share growth by the on-premises segment will be significant during the forecast period. Unlike the cloud-based deployment model, in the on-premises deployment model, the company's operations only depend on the in-house server, the IT infrastructure, the in-house IT team, and the intranet. The organization has complete control over these components and can resolve any problem that arises. This is the primary driving factor of the segment.
Get a glance at the market contribution of various segments Request a PDF Sample
The on-premises segment was valued at USD 1.97 billion in 2018 and continued to grow until 2022. The market is mainly dominated by large organizations that consider data privacy and security a high priority. Data leakage can be disastrous for stakeholders' interests and the reputation of the organization. These organizations focus more on functionality than on cost-effectiveness. The high security and data privacy offered by the on-premises deployment model drive market growth. In this technologically advanced and threat-enhanced environment, enterprise risk management is of prime importance. Hence, the above-mentioned factors are expected to fuel the growth of the on-premises segment in the market during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The availability of adequate IT and business infrastructure, IT security compliance and governance regulations, and the high adoption of cloud-based IT security solutions and services are some major factors driving the adoption of IGA solutions in North America. The demand for IGA solutions is further enhanced due to the growing number of cyberattacks on enterprises by malicious practitioners to gain access to confidential data. Thus, encouraged the governments of North American countries to adopt IGA solutions. In addition, IGA solutions are preferred by many industry verticals in the region, especially services and industrial sectors, to enhance the quality of delivery systems.
Furthermore, owing to North America's strong financial position, it is able to make significant investments in implementing the most innovative and cutting-edge technology and tools to guarantee efficient corporate operations. These benefits give IGA vendors in this area a competitive edge. When it comes to the adoption of advanced technology such as cloud platforms, IGA software, and smartphones, North America enjoys the first-mover advantage. Several major corporations have their headquarters in North America, which also serves as the host of various global events. North America receives huge investments from businesses along with favorable economic growth. Hence, such factors are expected to fuel the growth of the regional market during the forecast period.
In the realm of Identity Governance and Administration (IGA), mobile access to enterprise systems plays a pivotal role, facilitated by robust Identity and Access Management (IAM) solutions. Enterprises, including those in the BFSI sector, face mounting challenges such as budget cuts and the imperative for business continuity amidst cloud migration. As industries worldwide strive to meet industry standards, identity management services emerge as crucial components, offering auditing and compliance audits to safeguard against breaches and data breaches. Solution vendors like IBM Corporation, Microsoft Corporation, Oracle Corporation, Okta, Inc., and Amazon Web Services provide security solutions tailored to diverse deployment modes, including cloud services. The advent of IoT technologies further underscores the necessity for robust IGA frameworks, with SAP S/4HANA leading the charge in ERP systems. In this landscape, Okta, Inc. stands as a notable player, alongside SAP SE, offering comprehensive solutions to address the evolving needs of industries across the globe. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising organizational focus on complying with regulatory standards is notably driving the identity and access management market growth. An IGA system is composed of two major components, namely identity administration and identity governance. Connectors, password management, access request workflow management, automated provisioning, and application entitlement management are some of the core capabilities of identity administration.
The increasing attention of organizations on meeting administrative compliance regulations, the need to improve the operational efficacy of identity procedures alongside organizational demand to meet compliance requirements, and globalization and the growing utilization of data are some of the factors that will drive the growth of the global IGA market during the forecast period.
Increasing government regulations is an emerging trend in market growth. The government regulations on IGA are driving the growth of the market as the adoption rate is on the rise. For instance, IGA solutions that address compliance requirements with the Sarbanes-Oxley Act (SOX) in the US include centralized administration of access management and identity governance, enforcement of segregation of duties (SoD) policies, regular auditing to verify user rights and permissions across the infrastructure, and automatic logging and tracking tools that generate clear reports for compliance audits.
Traditional firewall systems have become obsolete due to the proliferation of the cloud, social media, and mobile applications. Digital identification has become critical for implementing access controls. As a result, IGA has become a high priority for modern businesses. Following many high-level security breaches that were caused by the failure of firms to manage and regulate user access adequately, these IGA solutions are receiving board-level awareness. Evolving legal frameworks and trends like bring-your-own-device (BYOD) policies and cloud adoption have increased the importance of these solutions. Hence, such factors are expected to fuel the growth of the IGA market during the forecast period.
The high expenditure is a major challenge impeding market growth. IGA solutions are expensive. The high price of these solutions is a market challenge. Most businesses strive to reduce any needless expenditure. However, the adoption of this technology incurs additional costs.
The high initial installation costs due to additional expenditure on installation and equipment might hinder the IGA market's expansion. Potential clients may be put off by the usage of pricey software. Furthermore, high expenditure and poor demand among small and medium-sized organizations (SMEs) are expected to impede the growth of the market throughout the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Atos SE- Atos SE is a public company headquartered in France. The company offers identity governance and administration services.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
Identity and Access Management (IAM) Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast
Governance Risk and Compliance (GRC) Platform Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, UK, China, Germany, India - Size and Forecast
Personal Identity Management Market End-user, Deployment, Geography - Forecast and Analysis
Identity Governance and Administration (IGA) is a critical component of an organization's security infrastructure, focusing on managing digital identities and controlling access to sensitive data. With the increasing number of data breaches, such as the Verizon Data Breach Report, and regulatory requirements like SOX compliance and the Gramm-Leach-Bliley Act, the need for robust IGA solutions has become essential. Artificial Intelligence (AI) and the Internet of Things (IoT) are transforming IGA, enabling automation and streamlining processes. VMware, WeChat, and SailPoint are leading the market with their innovative solutions.
Moreover, IGA solutions provide access certifications, requests, and password management, while IT staff manages provisioning and internal controls. Dashboards and analytical tools offer centralized visibility into access risks, policy violations, and audit performance. The market landscape depends on the Payment Card, Data Security Standard, Health Insurance Portability and Accountability Act, Access requests, Compromised identities, Cloud-based identity, Total cost of ownership, Cloud enterprise, Identity as a service, Time, Skilled identity resources, IdentityNow, IdentityIQ, Data center, Connectivity options, Predictive analytics, ePHI, User access rights, Open cloud identity, HIPAA-compliant, Regulatory mandates, Magic Quadrant. IGA solutions also cater to specific industries, such as healthcare with HIPAA and financial services with PCI-DSS. Blockchain technology, WAN, and cloud-based deployment are the latest trends in IGA. Role-based access control, service level requirements, and GDPR are other crucial aspects of IGA. Overall, IGA solutions help organizations mitigate risks, ensure compliance, and secure their digital identities.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.39% |
Market growth 2024-2028 |
USD 4.79 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
13.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AlertEnterpise Inc., Atos SE, Bravura Security Inc., Broadcom Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., International Business Machines Corp., IPG Information Process Group AG, Open Text Corporation, Microsoft Corp., Okta Inc., Omada AS, Optiv Security Inc., Oracle Corp., ProofID Ltd., RSA Security LLC, SailPoint Technologies Inc., SAP SE, Saviynt Inc., and SecureAuth Corp. |
Market dynamics |
Parent market analysis, Market forecasting , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.