Globally, the identity governance and administration (IGA) market is expected to grow from USD 3.64 billion in 2019 to USD 9.00 billion by 2024 at a CAGR of 16.8%. The market growth can be attributed to the innovations for improving identity related processes in the organization and need to meet compliance requirements. IGA is a single platform that enable enterprises to manage the entire lifecycle of all its employees' identities, right from joining the organization to their retirement. For small-sized enterprises, it is easier to manage its employees' identities but for large and medium-sized enterprises it becomes a challenge to do it on a large scale. Although, the IGA market is experiencing rapid growth in all parts of the world, its high cost and less need in small and medium-sized enterprises (SMEs) are acting as restraining factors for the market.An IGA system comprises two major components—identity administration and identity governance.
The prominent players in IGA market are Microsoft Corporation (US), One Identity LLC (US), SailPoint Technologies Holdings, Inc. (US), Omada A/S (Denmark), Oracle Corporation (US), IBM Corporation (US), Saviynt Inc. (US), Micro Focus (UK), CA Technologies (US), Hitachi ID Systems, Inc. (Canada), RSA Security LLC (US), AlertEnterprise (US), SAP (Germany), Core Security (US), and Atos SE (France).
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The global IGA market has been segmented based on component, deployment mode, organization size, industry vertical, and region/country.
By component, the market has been segmented into solution and services. The services segment has been futher bifurcated into professional and managed services. Professional services covered in the study are consulting services, implementation and integration services, and support services.
The global Identity Governance and Administration Market has been segmented based on deployment mode, component, organization size, industry vertical, and region.
By deployment mode, the market has been segmented into cloud and on-premises.
North America is presumed to have the largest market share in the global IGA market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of large number of prominent vendors, and stringent regulatory environment related to identity management.
Asia-Pacific is anticipated to be the fastest growing regional market in the global IGA market over the forecast period. Rapidly increasing number of businesses and rising demand for cybersecurity solutions are the key driving factors for the growth of IGA market in the region.
LIST OF TABLES
Table 1 Global Identity Governance And Administration Market, By Region, 2018–2024
Table 2 North America: Identity Governance And Administration Market, By Country, 2018–2024
Table 3 Europe: Identity Governance And Administration Market, By Country, 2018–2024
Table 4 Asia-Pacific: Identity Governance And Administration Market, By Country, 2018–2024
Table 5 Middle East & Africa: Identity Governance And Administration Market, By Country, 2018–2024
LIST OF FIGURES
FIGURE 1 Global Identity Governance And Administration Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global Identity Governance And Administration Market
FIGURE 4 Value Chain Of The Global Identity Governance And Administration Market
FIGURE 5 Share Of The Global Identity Governance And Administration Market, By Country, 2017 (In %)
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