Identity Governance and Administration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Identity Governance and Administration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2021 | Technology & Media

Report Digest


Global Identity Governance and Administration Market: Snapshot

The identity governance and administration market is expected to gain a large growth share on the back of the rising popularity of technologies such as cloud computing, automation, IoT, and others. The use of this approach to blend identity governance with identity administration will bring tremendous growth opportunities during the forecast period of 2018-2028. The systems also help in automating workflows for provisioning and de-provisioning users. All these aspects bode well for the growth of the identity governance and administration market.

The emergence of stringent data regulations has led to the increasing popularity of identity governance and administration systems. Acts such as the Health Insurance Portability and Accountability Act (HIPAA) and Sarbanes_Oxley Act increase the demand for identity governance and administration market to a considerable extent.

A massive number of benefits are attached to the identity governance and administration market. Advantages such as workflow automation, password management, ensuring compliance via comprehensive reporting, organization scaling, and others bring promising growth for the identity governance and administration market. Furthermore, the users get timely access to the resources they require because of identity governance and administration systems. All these factors add extra stars of growth to the identity governance and administration market

Research and development activities play a larger role in the growth of the identity governance and administration market. The players in the identity governance and administration market invest heavily in these activities. These activities assist the players in formulating new strategies and techniques for increasing revenues. The revenue generation aspect eventually influences the growth opportunities across the identity governance and administration market.

Strategic collaborations also form an important part of the growth trajectory. The players indulge in mergers, acquisitions, joint ventures, and partnerships for strengthening their influence, eventually propelling the growth prospects of the identity governance and administration market.

Global Identity Governance and Administration Market: Overview     

Identity governance and administration comprises several services and tools by solution vendors to help customers use identity governance and administration solutions efficiently. Identity governance and administration body receives diverse request from the consumers to proactively identify their concerns and recommend appropriate solution to resolve identity-related issues. The demand for Identity governance and administration are increasing rapid across the globe owing to increasing penetration of the technologies such as automation, IoT and cloud computing. These technologies deal with vast data set, hence it become crucial for their use to incorporate identity governance and administration services to secure their data form hackers and unwanted intervention.

The identity management services market is dynamic to strengthen their market grip vendors keep adding and offering different services, to expand their identity governance and administration. Looking at immense potential in the Identity governance and administration market the players are adopting several strategies remain ahead in the market.

Global Identity Governance and Administration Market: Notable Developments

 For instance- In October 2018, SailPoint added innovative Dynamic Discovery Engine to its IdentityNow solution.  This enables users to easily create policies, access reviews, dashboards, and reporting. Thereby, customers would address compliance challenges.

In the same years August, SailPoint Technologies partnered collaborated with Rackspace. The collaboration would help organizations in deploying SailPoint’s identity intelligence solutions in the cloud environment.

In August 2018, IBM upgraded the version of its IGI solution to 5.2.4. It has several additional capabilities, such as enhanced support for XenServer hypervisor, internal OpenID Connect provider.

Global Identity Governance and Administration Market: Potential and Key Trends    

The demand for identity governance and administration systems are increasing across the globe as it help business leaders to achieve agility in their firm. The increasing demand of security and reduce frauds in the organization is expected to drive the global identity governance and administration market in the upcoming years. Apart from this, identity governance and administration systems also provides businesses with numerous supplementary functions, including auditing and policy management. Owing to this, their adoption by business leaders across industries, is fuel the market.  The increasing level of investments by public/ private capital holders in the development of enterprise friendly IGA platforms is another strong factor likely to boost the global identity governance and administration market.

On the flipside, higher cost of these devices are expected to restrict small and mid-players form the adoption of identity governance and administration solutions. However, increasing number of end users for identity governance and administration systems are expected to boost the global market in the forecast period. Along with this, an  increase in the number of data breaches, and looming legislation around General Data Protection Regulation (GDPR) in May are offering several opportunities to the identity governance and administration during the forecast period.   

Identity Governance and Administration Market: Geographical Outlook

Regionally, North America is the largest contributor to the global identity governance and administration market in 2018. The same is expected to continue in the upcoming year as well because of the rising adoption of identity governance and administration solution and services in the region. The enterprises in the region have been an early adopter of advanced security solutions and practices. Most identity governance and administration vendors, have a direct or an indirect presence in this region via system integrators, distributors, and resellers. 

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?