What is Identity Governance and Administration Market?
Identity governance and administration is a policy-based approach to identity management and access control that helps organizations enabling and securing digital identities for all users, applications, and data. It helps organizations effectively address today's complex challenges, balancing critical objectives such as reduce operational costs, reduce risk and strengthen security, improve compliance and audit performance and deliver fast, efficient access to the business. Identity governance and administration reduces the risk that comes with excessive or unnecessary user access to applications, systems, and data.
Highlights from Identity Governance and Administration Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), SAP (Germany), Oracle (United States), Microsoft (United States), SailPoint (United States), NetIQ (United States), Evidian (France), RSA Security (United States), Hitachi ID (Canada), Saviynt (United States), CA Technologies (United States) and One Identity (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Identity Governance and Administration market throughout the forecasted period.
IBM (United States), SAP (Germany), Oracle (United States), Microsoft (United States), SailPoint (United States), NetIQ (United States), Evidian (France), RSA Security (United States), Hitachi ID (Canada), Saviynt (United States), CA Technologies (United States) and One Identity (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AlertEnterprise (United States), Omada (Denmark) and SecureAuth (United States). Identity Governance and Administration Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Manufacturing, Healthcare, Retail, Financial, Government and Others |
Enterprise Size | Large enterprises,Small and Medium-sized Enterprises (SMEs) |
Deployment | Cloud-based,On-premises |
Component | Solution,Services (Managed Services and Professional Services) |
On the basis of geography, the market of Identity Governance and Administration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need to Enhance the Operational Efficiency
Market Growth Drivers:
Growing Need for Users to Log on from Place and Device, Rise in Regulatory Compliance and Significant Rise in the Clud-based Technology
Challenges:
Less Need in Small and Medium-Sized Enterprises
Restraints:
High Cost of Implementation
Opportunities:
Rise in the Adoption of Hybrid Deployment and Increasing Use of Data
Key Target Audience
Identity Governance and Administration System Providers, Emerging Companies, Research Professionals and End-users
Market Leaders & Development Strategies
In October 2019, SailPoint Technologies Holdings, Inc., the leader in enterprise identity governance, had announced it has completed the acquisition of two companies, Orkus and OverWatchID. With these two acquisitions, The company is delivering on its mission to help organizations govern access to all applications, including the rapidly emerging cloud infrastructures on which their digital business are built.
In April 2023, IBM launched new security suite particularly for accelerate the security analyst experience across the full incident lifecycle, IBM Security QRadar Suite. This expanded QRadar brand in core threat detection, response technologies, investigation. This launch helped company to expand its presence in identity governance and administration market