Global Identity Governance and Administration Market, By Component (Solution and Services), Deployment Mode (Cloud, On-premises), Organization Size (Large enterprises, Small and Medium-sized Enterprises (SMEs)), Industry Vertical (BFSI, Government and Defense, Telecom and It, Healthcare and Life Sciences, Energy and Utilities, Retail and Consumer Goods, Manufacturing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Identity Governance and Administration Market
The identity governance and administration market is expected to witness market growth at a rate of 15.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on identity governance and administration market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Identity governance and administration is a single program that allows businesses to manage the entire lifecycle of all its employees' identities, right from the joining of the organization to their retirement. For small sized enterprises, it is simpler to manage its employees' identities but for large and medium sized enterprises it develops into a challenge to do it on a large scale.
An identity governance and administration system consists of two major elements, which is the identity administration and identity governance. The key abilities of identity administration consist of connectors, password management, access request workflow management, automated provisioning, and application entitlement management.
The increasing attention of organizations in the direction of meeting administrating compliances, the demand to improvise the operational effectiveness of identity procedures along with organizations the demand to meet compliance requirements and the globalization and growing utilization of data are some of the factors further boosting the growth of the identity governance and administration market in the forecast period.
However, the high expenditure of applying identity governance and administration solutions and the absence of awareness about identity governance and administration are the factors most likely to hamper the growth of the identity governance and administration market. Also, the high expenses and the low demand in the small and medium-sized enterprises (SMEs) are further expected to hinder the growth of the identity governance and administration market in the forecast period. Additionally, the growing acceptance of the hybrid deployment type by organizations and the increasing demand to manage security risks and threats among organizations are to further extend advantageous opportunities for the growth of the identity governance and administration market in the coming years. However, the managing identities across multiple operation environments will further challenge the growth of the identity governance and administration market in the upcoming future.
This identity governance and administration market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on identity governance and administration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Identity Governance and Administration Market Scope and Market Size
The identity governance and administration market is segmented on the basis of component, deployment mode, organization size, industry vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the component, the identity governance and administration market is segmented into solution and services. Services is further sub segmented into managed services and professional services. Professional Services is further sub segmented into integration and implementation, training and consulting, support and maintenance.
- Based on the deployment mode, the identity governance and administration market is segmented into cloud, on-premises.
- Based on the organization size, the identity governance and administration market is segmented into large enterprises, small and medium-sized enterprises (SMEs).
- Based on the industry vertical, the identity governance and administration market is segmented into BFSI, government and defence, telecom and it, healthcare and life sciences, energy and utilities, retail and consumer goods, manufacturing, others.
Identity Governance and Administration Market Country Level Analysis
The identity governance and administration market is analysed and market size, volume information is provided by country, component, deployment mode, organization size, industry vertical as referenced above.
The countries covered in the identity governance and administration market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the identity governance and administration market because of the existence of the high number of leading merchants, and strict administrating environment regarding to the identity management. Furthermore, the swift acceptance of identity governance and administration solution and services including enterprises, which in turn further boosts the growth of the identity governance and administration market in the region. Asia-Pacific is expected to observe significant amount of growth in the identity governance and administration market because of the swiftly rising number of businesses and the increasing need for cybersecurity solutions are the factors further anticipated to propel the growth of the identity governance and administration market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Identity Governance and Administration Market Share Analysis
The identity governance and administration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to identity governance and administration market.
The major players covered in the identity governance and administration market report are IBM Corporation; Broadcom; Atos SE; Omada A/S; Oracle; Core Security, A HelpSystems Company; AlertEnterprise; One Identity LLC; SailPoint Technologies Holdings, Inc.; SAP SE; Microsoft; RSA Security LLC; Evidian; Saviynt Inc.; Hitachi ID Systems, Inc.; SecureAuth Corporation and Micro Focus., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-