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Identity Governance And Administration Market By Component Type (Solution and Services), By Services Type (Professional Services and Managed Services), By Deployment Type (Cloud and On-premises), By Industrial Vertical (BFSI, Government & Defense, IT & Telecommunications, Energy & Utilities, Manufacturing, Retail, Healthcare and other) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Growing Business Organizational Attitudes Toward Identity and Access Management (IAM) to Support Demand for Identity Governance and Administration Solutions

The global identity governance and administration market was worth $4.1 billion in 2018 and is expected to grow at a 13.2% CAGR from 2019 to 2027. Identity theft across the world is rising at an alarming rate, resulting in heavy financial losses to business organizations. Identity governance and administration are fundamental building blocks of the identity and access management (IAM) strategy.

These tools manage access rights and digital identity across multiple systems by providing functions such as identity life cycle management, access requests, entitlement management, workflow management, and policy and role management, among several others. Evolving internal security and external compliance requirements are expected to exert enormous pressure on organizations to regulate access to their systems and applications.

This was accomplished by proactively preventing users from having conflicting access rights and quickly identifying events of inappropriately assigned access. Identity management and governance solutions address such challenges by enabling centralized identity compliance and policy management controls and automating the processes associated with meeting compliance and security demands.

Market Synopsis

Services for Identity Governance and Administration to Witness Significant Demand Across the Forecast Period

In 2018, the service segment was expected to witness a higher growth rate in the overall global identity governance and administration market. Identity governance and administration services are critical to any organization, as it takes more than technology to get it right in real-time applications. Regarding the dynamic requirements of consumers, vendors are continuously aiming to offer customized services for efficient use of solutions.

Identity governance and administration services aim to support federated authorization, authentication, and provisioning. Such services enable organizations to avoid the expense of extending their own capabilities. However, the emergence of cloud computing services has complicated the identity access management landscape, as control over access to sensitive data is difficult to maintain in such an environment.

Service providers allow for the reduction of such infrastructure costs while supporting secure interaction with the cloud computing environment. With a growing trend towards cloud-based deployments, the service segment is expected to witness significant growth across the forecast period.

North America leads the market, with Asia-Pacific emerging as the fastest-growing regional market.

Presently, the overall identity governance and administration market worldwide is led by North America. The U.S. primarily supports the market growth of the region through its established corporate sector. Identity governance and administration should be considered for IT and information security schemes in an organization with thousands of employees that deals with several complex systems.

For instance, over 80% of U.S. organizations with approximately 1,000 employees or more have confirmed their interest in adopting an identity governance and administration solution. During the forecast period, Asia Pacific is expected to grow at a faster rate. This is due in large part to the rapidly growing IT infrastructure across the region.

Significant increases in identity theft have accompanied significant increases in internet usage across the region, including rapid increases in access across countries such as Japan, China, and India. With growing awareness of identity access management, the region is expected to witness profound growth throughout the forecast period.

Some of the major players profiled in the report include Oracle Corporation, International Business Machines (IBM) Corporation, Sailpoint Technologies, Inc., SAP SE, CA Technologies, Microsoft Corporation, Evidian S.A., RSA Security LLC, NetIQ, One Identity LLC, Saviynt, Inc., Hitachi ID Systems, Omada A/S, AlertEnterprise, Atos, Centrify, Ipsidy, Confluxsys LLC, and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The identity governance and administration market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global identity governance and administration market based on component type, services, deployment type, industry vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What were the size of the identity governance and administration market in 2018, and what are the projections for the next five years?
  • Which is the largest regional market for identity governance and administration?
  • What are the key market trends observed in the identity, governance, and administration market?
  • Which is the most prevalent component type—services, deployment, and industrial vertical type—in the identity governance and administration market?
  • Who are the key players leading the identity governance and administration market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key identity access management trends across different geographies and sub-geographies?

Frequently Asked Question:

The market for Identity Governance And Administration Market is expected to reach USD$ 4.1 Bn in 2027.

The Identity Governance And Administration Market is expected to see significant CAGR growth over the coming years, at 13.2%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Sailpoint Technologies, Inc., SAP SE, CA Technologies, Microsoft Corporation, Evidian S.A., RSA Security LLC, NetIQ. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2019
Category:  Technology & Media
Report ID:   59692
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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