Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical - Global Forecast 2024-2030

Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical - Global Forecast 2024-2030

The Identity Governance & Administration Market size was estimated at USD 8.46 billion in 2023 and expected to reach USD 9.79 billion in 2024, at a CAGR 16.34% to reach USD 24.42 billion by 2030.

Identity governance & administration, abbreviated as IGA, refers to a policy-based approach to managing and securing digital identities within an organization. The primary function of IGA is to ensure that the right individuals have access to the appropriate resources or information at the right times for the right reasons. This involves various processes and technologies to streamline and secure identity management across an organization. Organizations increasingly adopt IGA solutions to strengthen their security postures as cyber threats become more complex and frequent. In addition, tightening regulations around data protection and privacy worldwide are compelling organizations to implement IGA solutions to comply with legal standards. The widespread digital transformation across industries necessitates robust identity governance and administration frameworks to manage access to an expanding digital ecosystem. However, integrating IGA solutions with existing IT infrastructure can be complex and costly, particularly for organizations with legacy systems. Smaller organizations may find the cost of implementing comprehensive IGA solutions prohibitive, which significantly hampers the growth of the IGA. Moreover, technological advancements in IGA and government initiatives encouraging digitalization across industries present a significant avenue for key companies. Additionally, introducing flexible, scalable pricing models can make IGA solutions accessible to a broader range of organizations, including small and medium-sized businesses.

Regional Insights

The Americas, especially the United States and Canada, has witnessed substantial growth in the Identity governance & administration (IGA) market, fueled by advanced technological infrastructure, stringent regulatory standards, and a high incidence of cyber threats. The U.S. market is characterized by the early adoption of emerging technologies, making it a hub for innovation in IGA solutions. Although smaller, Canada's market is growing steadily, driven by government digital initiatives and increasing cybersecurity awareness. On the other hand, the EMEA region presents a complex landscape for IGA, with the EU's stringent GDPR being significant in digital transformation across the region. In the EU, compliance is a significant driver for IGA solutions, while the Middle East prioritizes state-of-the-art security measures. Africa's market is in its nascent stages, with potential for growth due to increasing Internet penetration and digital initiatives. Moreover, the Asia-Pacific region is experiencing a surge in demand for IGA solutions, primarily due to rapid digitalization across sectors and growing cybersecurity awareness. China is significant in innovation and adoption, backed by the government's push for enhanced digital security. Japan follows, with its robust technological landscape and stringent compliance requirements driving IGA investments. In India the adoption of IGA is propelled by digital governance initiatives and a burgeoning IT sector, creating a fertile ground for IGA solutions.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Identity Governance & Administration Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing cases of cyber threats and emphasis on improving IT security
    • Rising popularity of remote working and need for safer hybrid workspaces
    • Government mandates to monitor and manage SaaS applications
    • Market Restraints
      • Integration complexities associated with identity governance & administration solutions
      • Market Opportunities
        • Technological advancements in identity governance & administration solutions
        • Emergence of collaborative management of identity and compliance risk for sponsor banks and BaaS providers
        • Market Challenges
          • Lack of skilled professionals to employ identity governance & administration along with the changing regulatory landscape
          • Market Segmentation Analysis
            • Component: Utilization of advanced software solutions in IGA to enhance security and operational efficiency
            • Modules: Proliferating usage of access management module crucial for protecting sensitive information from unauthorized access
            • Organization Size: Increasing adoption of IGA in varied organizations to cater legal compliance requirements
            • Deployment: Increasing inclination towards on-cloud deployment of identity governance & administration solutions
            • Vertical: Evolving use of identity governance & administration solutions across the IT and telecom sector
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Identity Governance & Administration Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Identity Governance & Administration Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Strategic Collaboration between Omada A/S and EVOTEK Elevating Identity Governance for Enterprises
              
              Omada A/S announced a partnership with consulting firm EVOTEK to enhance IGA solutions for businesses striving for compliance, operational efficiency, and protection against identity-based threats. This alliance aims to modernize identity management workflows and replace outdated systems by integrating advanced IGA solutions with advanced advisory services. The partnership aims to address complex identity management needs, fostering a secure, efficient, and compliant organizational environment.
              
              Strategic Alliance Between Verinext and One Identity to Enhance Secure Access Management
              
              Verinext forged a strategic partnership with One Identity, a global player in identity security. This collaboration is expected to significantly reinforce privileged access management, offering clients a more robust layer of security against unauthorized access and potential cyber threats. By integrating One Identity's advanced identity security solutions with Verinext's comprehensive technology services, the alliance aims to streamline access control mechanisms, ensuring only authorized personnel can access sensitive information and systems.
              
              Delinea Expands Its Cybersecurity Fortitude with Strategic Acquisition of Fastpath
              
              Delinea, a player in privileged access management (PAM), announced its acquisition of Fastpath, a player in identity governance and administration (IGA). Delinea aims to fortify its position as a comprehensive authority in managing access authorization across various platforms by integrating Fastpath's specialized knowledge and leveraging AI to enhance security measures. This move is expected to significantly strengthen Delinea's offerings, providing advanced insights and control over user privileges and access, thereby reducing cybersecurity risks and ensuring regulatory compliance for organizations.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Identity Governance & Administration Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Identity Governance & Administration Market, highlighting leading vendors and their innovative profiles. These include Akamai Technologies, Inc., Alert Enterprise, Inc., Amazon Web Services Inc., Atos SE, Bravura Security Inc. by Volaris Group Inc., Broadcom, Inc., Cisco Systems, Inc., Cognizant Technology Solutions Corporation, CyberArk Software Ltd., Dell Technologies Inc., Fortra, LLC, Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, Hitachi, Ltd., International Business Machines Corporation, Ivanti, Inc., Microsoft Corporation, Okta, Inc., Omada A/S, One Identity LLC by Quest Software Inc., Open Text Corporation, Oracle Corporation, Ping Identity Corporation, ProofID Limited, RSA Security LLC, SailPoint Technologies, Inc., Salesforce, Inc., SAP SE, Saviynt Inc., and SecureAuth Corporation.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Identity Governance & Administration Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Services
                • Managed Services
                • Professional Services
                  • Integration & Implementation
                  • Support & Maintenance
                  • Training & Consulting
                  • Solution
                  • Modules
                    • Access Certification & Compliance Control
                    • Access Management
                    • Identity Lifecycle Management
                    • Policy Management
                    • Reporting & Analytics
                    • Risk Management
                    • Role-Based Access Control
                    • Organization Size
                      • Large Enterprises
                      • Small & Medium Enterprises
                      • Deployment
                        • On-Cloud
                        • On-Premises
                        • Vertical
                          • BFSI
                          • Energy & Utilities
                          • Government & Defense
                          • Healthcare & Lifescience
                          • IT & telecom
                          • Manufacturing
                          • Retail & Consumer Goods
                          • Region
                            • Americas
                              • Argentina
                              • Brazil
                              • Canada
                              • Mexico
                              • United States
                                • California
                                • Florida
                                • Georgia
                                • Illinois
                                • Massachusetts
                                • New York
                                • Ohio
                                • Pennsylvania
                                • Texas
                                • Virginia
                                • Washington
                                • Asia-Pacific
                                  • Australia
                                  • China
                                  • India
                                  • Indonesia
                                  • Japan
                                  • Malaysia
                                  • Philippines
                                  • Singapore
                                  • South Korea
                                  • Taiwan
                                  • Thailand
                                  • Vietnam
                                  • Europe, Middle East & Africa
                                    • Denmark
                                    • Egypt
                                    • Finland
                                    • France
                                    • Germany
                                    • Israel
                                    • Italy
                                    • Netherlands
                                    • Nigeria
                                    • Norway
                                    • Poland
                                    • Qatar
                                    • Russia
                                    • Saudi Arabia
                                    • South Africa
                                    • Spain
                                    • Sweden
                                    • Switzerland
                                    • Turkey
                                    • United Arab Emirates
                                    • United Kingdom
                                    
                                    
                                    Please Note: PDF & Excel + Online Access - 1 Year