Identity Governance and Administration Market SIZE 2021 (COVID-19 Impact Analysis Included) Opportunities, Business Growth Scenario, Regional Overview, Top Leaders, Revenue and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Identity Governance and Administration Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Identity Governance and Administration Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

Globally, the identity governance and administration (IGA) market is expected to grow from USD 3.64 billion in 2019 to USD 9.00 billion by 2024 at a CAGR of 16.8%. The market growth can be attributed to the innovations for improving identity related processes in the organization and need to meet compliance requirements. IGA is a single platform that enable enterprises to manage the entire lifecycle of all its employees’ identities, right from joining the organization to their retirement.

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For small-sized enterprises, it is easier to manage its employees’ identities but for large and medium-sized enterprises it becomes a challenge to do it on a large scale. Although, the IGA market is experiencing rapid growth in all parts of the world, its high cost and less need in small and medium-sized enterprises (SMEs) are acting as restraining factors for the market.An IGA system comprises  two major components—identity administration and identity governance.

The Final Report will cover the impact analysis of COVID-19 on this industry:

The key capabilities of identity administration include connectors, password management, access request workflow management, automated provisioning, and application entitlement management. Identity governance offers capabilities, such as policy enforcement and segregation of duties, access certification, application entitlement discovery, role discovery and engineering, role modeling and simulation, role management, and configurable logging, analytics, and reporting. Key advantages of employing IGA solution are reduction in operational risks due to mismanagement of identity and access rights and enable employees to smoothly work in a centralized or distributed IT environment using PC, tablet, or smartphone.

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IGA solutions are being adopted in almost every industry vertical from BFSI and government to retail and healthcare. BFSI holds the largest share in the IGA market while the healthcare segment is expected to register the highest CAGR from 2019 to 2024.

Global Identity Governance and Administration Market


The global IGA market has been segmented based on component, deployment mode, organization size, industry vertical, and region/country.By component, the market has been segmented into solution and services. The services segment has been futher bifurcated into professional and managed services. Professional services covered in the study are consulting services, implementation and integration services, and support services.

By deployment mode, the market has been segmented into cloud and on-premises.By organization size, the market has been segmented into large enterprises and SMEs.Based on industry vertical, the market has been segmented into banking, financial services, and insurance (BFSI), government and defense, healthcare, retail, manufacturing, telecom and IT, energy and utilities, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has been further segmented into the US, Canada, and Mexico; Europe into Germany, the UK, France, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific; and the rest of the world into the Middle East & Africa and South America.

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Regional Analysis

The global market for IGA is estimated to grow rapidly during the forecast period from 2019 to 2024. The geographic analysis of global IGA market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is presumed to have the largest market share in the global IGA market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of large number of prominent vendors, and stringent regulatory environment related to identity management. Asia-Pacific is anticipated to be the fastest growing regional market in the global IGA market over the forecast period. Rapidly increasing number of businesses and rising demand for cybersecurity solutions are the key driving factors for the growth of IGA market in the region.

Competitive Analysis

The IGA market witnesses the presence of many large as well as small- and medium-sized players. These players are significantly investing in their R&D  activities and majorly adopting the strategy of launching new versions of the product on a frequent basis. Moreover, these players are actively researching in incorporating machine learning capabilities in their product offerings to make them unique in the market.

Key Players

The prominent players in IGA market are SailPoint Technologies Holdings, Inc. (US), Oracle Corporation (US), IBM Corporation (US), One Identity LLC (US), CA Technologies (US), Saviynt Inc. (US), Micro Focus (UK), Hitachi ID Systems, Inc. (Canada), RSA Security LLC (US), Omada A/S (Denmark), AlertEnterprise (US), Core Security (US), SAP (Germany), Microsoft Corporation (US), and Atos SE (France).

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Intended Audience

Identity Governance and Administration Solution Providers


Cloud service providers

IT Professional Service Providers

IT Managed Service Providers

Government Organizations

Cybersecurity solutions providers

Information Security Consultants

Distributors and Value Added Resellers (VARs)

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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