The Identity Governance and Administration (IGA) market refers to the technology and solutions used for managing digital identities and controlling access to applications and data within an organization. IGA solutions provide a centralized system for defining, managing, and enforcing security policies for user identities, roles, and permissions.
Key components of IGA solutions include identity and access management, identity lifecycle management, and compliance reporting. The growth of cloud computing, mobility, and the increasing number of cyber threats has led to an increased demand for IGA solutions, as organizations look to secure their digital assets and meet regulatory compliance requirements. The IGA market is expected to continue to grow in the coming years, driven by the increasing need for secure and efficient identity management solutions.
During the projected period, the identity governance and administration market is anticipated to experience a CAGR of 13.5%. (2022 – 2032). The market for identity governance and management is expected to be worth US$ 6.7 billion in 2022 and US$ 23.9 billion by 2032.
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One of the key drivers of the demand for identity governance and administration solutions during the projected period is the growing emphasis that organisations place on achieving administrative compliances as well as the need to enhance the operational efficacy of identification procedures.
It is projected that there would be enticing potential for market share expansion due to the rising use of hybrid deployments by businesses and the rising demand for identity governance and administration solutions to control security risks and threats among enterprises.
Recent Changes in the Market for Identity Governance and Administration
- For large, complicated enterprises, Okta, Inc. introduced a new native identity integration with Amazon Web Services in May 2020 to enhance security, streamline the user experience, and expand automation opportunities.
- The new feature enables Okta clients to provide identities to AWS SSO for permission management, allowing automatic synchronization of user IDs and groups to decrease complexity. It is now available through the Okta Integration Network.
- In May 2020, SAP SE announced that GEA and SAP had entered into a strategic partnership with the aim of quickening the pace of corporate-wide digital transformation.
- GEA intends to fully exploit the potential of data intelligence inside the partnership by deploying a worldwide ERP system based on SAP S/4HANA.
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Key Players
- Oracle
- IBM
- Sailpoint
- SAP
- CA Technologies
Key Segments
By Component:
- Solution
- Services
- Managed Services
- Professional Services
- Integration and Implementation
- Training and Consulting
- Support and Maintenance
By Organization Size:
- Large enterprises
- Small and Medium-sized Enterprises (SMEs)
By Deployment Type:
- On-Premises
- Cloud
By Vertical:
- BFSI
- Government and Defense
- Telecom and It
- Healthcare and Life Sciences
- Energy and Utilities
- Retail and Consumer Goods
- Manufacturing
- Others (Education, Transportation and Logistics)
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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