Identity Governance and Administration Market Projected to Hit USD 14.7 billion at a 15.20% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Highlights

Identity governance and administration (IGA) refers to a set of processes, policies, and technologies used to manage digital identities and access privileges of individuals within an organization. The IGA market includes software solutions, professional services, and managed services designed to help organizations manage identity-related risks, compliance requirements, and operational efficiencies.

The global IGA market has been growing steadily over the past few years, driven by factors such as increasing adoption of cloud-based services, rising demand for identity management solutions from large enterprises, and growing concerns over data privacy and security. The global IGA market was valued at $3.6 billion in 2020 and is expected to reach $14.7 billion by 2030, growing at a CAGR of 15.20% during the forecast period.

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Regional Analysis

The Identity Governance and Administration (IGA) market is analyzed based on several regions, including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

North America is currently the largest market for IGA solutions, owing to the high adoption of digital technologies and the presence of several large enterprises in the region. The United States and Canada are the major contributors to the North American IGA market growth.

Europe is the second-largest market for IGA solutions, with countries like the United Kingdom, Germany, and France being the major contributors. The growth in the European market is attributed to the strict data protection regulations and the increasing adoption of cloud-based solutions by enterprises.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of digital technologies and cloud-based solutions by small and medium enterprises in the region. Countries like China, Japan, and India are the major contributors to the growth of the Asia-Pacific IGA market.

Latin America and Middle East & Africa are also expected to witness significant growth in the IGA market, owing to the increasing adoption of digital technologies and the need for identity management solutions to comply with the data protection regulations.

Overall, the global IGA market is expected to witness significant growth during the forecast period, driven by the increasing need for identity management solutions to manage digital identities and access privileges of individuals within an organization.Top of Form

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Market Segmentation

The Identity Governance and Administration (IGA) market can be segmented based on several factors, including:

Deployment Mode: On-premise and cloud-based IGA solutions.

Organization Size: Small and Medium Enterprises (SMEs) and Large Enterprises.

Verticals: Banking, Financial Services, and Insurance (BFSI), healthcare, IT and telecom, retail, government and public sector, energy and utilities, and others.

Components: Software, services, and managed services.

Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Functionality: Identity provisioning, identity analytics, access certification, access request, access governance, and others.

End-users: Employees, contractors, customers, partners, and others.

These segments help to identify the specific needs and requirements of the organizations and enable them to choose the appropriate IGA solution that aligns with their business objectives. Moreover, the segmentation of the IGA market helps the vendors to focus on the specific requirements of the organizations and offer tailored solutions to meet their needs.

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Some of the key players in the IGA market include:

• IBM Corporation,
• Microsoft Corporation,
• Oracle Corporation,
• SailPoint Technologies,
• RSA Security LLC,
• CA Technologies,
• Broadcom Inc.,
• Micro Focus International plc,
• One Identity LLC,
• Hitachi ID Systems, Inc.

These companies offer a range of IGA solutions, such as identity and access management (IAM) software, identity analytics, access governance, and identity as a service (IDaaS) solution.

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