Pune, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Identity Governance and Administration Market Size Analysis:
“The SNS Insider report indicates that the Identity Governance and Administration Market size was valued at USD 7.1 billion in 2023 and is expected to grow to USD 23.4 billion by 2032, exhibiting a CAGR of 14.24% over the forecast period of 2024-2032.”
The Identity governance and administration market is one of the most important segments of the wide cybersecurity landscape concerned with assuring secure and efficient user identity management and access privileges for any organization. IGA solutions allow enterprises to automate identity lifecycle management, regulatory compliance, and security risks associated with unauthorized access. Such tools combine identity management and governance processes, role-based access control, identity analytics, and dynamic access workflows. Organizations today are becoming digital-centric, and as a result, they have been looking for strong IGA solutions that can handle the complexities of hybrid IT systems.
Rising Regulatory Compliance Requirements:
The increasing number of data protection laws like GDPR and CCPA has become a major contributor to the growth of the IGA market. These rules require stringent controls on how the user accesses sensitive data while also pushing for transparency, accountability, and security. IGA software assists firms in keeping up with these needs by providing audit trails, access reviews, and policy enforcement to guarantee compliance and steer clear of large fines. The move to the cloud and remote workforce models has increased the demand for sophisticated identity management. To ease the complexity of multi-cloud environments and to secure remote user access, organizations are progressively deploying Identity Governance and Administration solutions. These solutions allow them to integrate easily with cloud platforms and provide scalability for expanding user bases, making them critical to modern IT ecosystems.
Get a Sample Report of Identity Governance and Administration Market@ https://www.snsinsider.com/sample-request/2543
Major Players Analysis Listed in this Report are:
SailPoint Technologies - IdentityNow
- Okta, Inc. - Okta Identity Cloud
- Microsoft - Azure Active Directory
- IBM - IBM Security Identity Governance and Intelligence
- Oracle - Oracle Identity Governance
- One Identity - One Identity Manager
- Ping Identity - PingOne
- CyberArk - CyberArk Identity
- Sopra Steria - Identity & Access Management (IAM) Solutions
- Saviynt - Saviynt Security Manager
- RSA Security - RSA Identity Governance and Lifecycle
- Dell Technologies - Dell Identity Management Solutions
- ForgeRock - ForgeRock Identity Platform
- Micro Focus - NetIQ Identity Governance
- CloudLock - CloudLock Cloud Security
- Hitachi ID Systems - Hitachi ID Identity Management
- Vormetric - Vormetric Data Security Platform
- Broadcom - CA Identity Governance and Administration
- Omada - Omada Identity Suite
- Atos - Atos Identity Governance Solutions
Identity Governance and Administration Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 7.1 Billion |
| Market Size by 2032 | USD 23.4 Billion |
| CAGR | CAGR of 14.24% from 2024-2032. |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | •The rise in cyberattacks and data breaches is pushing organizations to implement robust identity management solutions to secure sensitive information. •The shift to cloud computing and hybrid IT environments requires advanced identity governance to manage access across diverse platforms and environments. •The increase in remote workforces has created a need for centralized and secure identity management to ensure proper access controls from various locations. |
Do you have any specific queries or need any customization research on Identity Governance and Administration Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2543
Segmentation Analysis
By Component
On-premises segment dominated the Identity Governance and Administration market and represented a revenue share of more than 68%, as a majority of large enterprises focus on keeping control of their sensitive data and security practices. Such organizations often have well-established IT infrastructure that enables sophisticated identity management. With increasing regulatory obligations and concerns regarding data privacy, enterprises are identifying reasons for deploying on-premise solutions that will allow them to maintain full control over data governance and management.
The cloud segment is expected to register the fastest CAGR in the area of the IGA market. The rising need for scalable, cost-effective, and easily deployable identity management solutions is a key driver of this growth. Cloud IGA solutions are increasingly replacing traditional in-house applications driven by the shift to remote work and the need for secure location-independent access to applications. Furthermore, new technologies, such as better security and compliance capabilities provided by cloud service providers, also increase the appeal of these solutions. In the forecasted years, a piecemeal portion of growth has been attributed to the cloud sector as organizations continue migrating to cloud infrastructure to aid their digital transformation strategies.
Identity Governance and Administration Market Segmentation:
By Components
- Solution
- Services
By Deployment
- On-Premises
- Cloud
By Organization Size
- Large Enterprise
- SMEs
By Vertical
- BFSI
- IT and Telecom
- Government and Defense
- Retail
- Healthcare
- Manufacturing
- Others
Buy an Enterprise-User PDF of Identity Governance and Administration Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/2543
Regional Landscape
North America dominated the Identity Governance and Administration market and accounted for a revenue share of more than 39.58%, fueled by a strong presence of established firms and a considerable focus on regulatory compliance. The region benefits from advanced IT infrastructure and proactive adoption of digital technologies, which enable the effective deployment of comprehensive IGA solutions. Growing concerns over cyberattacks and data breaches drive organizations to invest in robust identity management systems to secure sensitive information.
The Asia-Pacific region is expected to record the fastest compound annual growth rate in the IGA market. This growth is primarily driven by rapid digital transformation and a heightened awareness of data security among organizations. As businesses in countries like India, China, and Japan increasingly embrace cloud computing and advanced technologies, the demand for scalable and effective identity management solutions continues to rise. Additionally, the expanding middle-class population and increasing internet penetration are prompting more companies to adopt IGA solutions to protect their digital assets.
Recent Developments
December 2024: IBM announced the launch of an advanced AI-powered IGA solution aimed at enhancing user identity lifecycle management and access governance.
November 2024: SailPoint introduced an updated version of its identity platform with enhanced machine learning capabilities to improve predictive analytics and automated policy enforcement.
January 2024: Microsoft announced enhancements to its Entra identity management solutions, focusing on integrating artificial intelligence for better user identity verification. This aims to streamline compliance and improve user experience across various platforms.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Identity Governance and Administration Market Segmentation, by Component
8. Identity Governance and Administration Market Segmentation, by Deployment
9. Identity Governance and Administration Market Segmentation, by Enterprise Size
10. Identity Governance and Administration Market Segmentation, by Vertical
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of Identity Governance and Administration Market Analysis Report 2024-2032@ https://www.snsinsider.com/reports/identity-governance-and-administration-market-2543
[For more information or need any customization research mail us at info@snsinsider.com]
SNS Insider Offering/ Consulting Services:
Go To Market Assessment Service
Total Addressable Market (TAM) Assessment
Competitive Benchmarking and Market Share Gain
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
