Identity Governance and Administration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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