The identity governance and administration market is expected to record a CAGR of 13.5% forecast period from 2023 to 2033. The global market is estimated to be valued at US$ 7,689.6 million in 2023 and is projected to reach US$ 27,125.7 million by 2033. There are a few important factors anticipated to provide attractive opportunities for the growth of the market share, which include
| Attributes | Details |
|---|---|
| Identity Governance and Administration Market Valuation in 2022 | US$ 6,753.3 million |
| Estimated Global Market Share in 2023 | US$ 7,689.6 million |
| Forecasted Global Market Size by 2033 | US$ 27,125.7 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 13.5% CAGR |
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Organizational deployment is required for the identity governance and administration program. The identity governance and administration rollout is problematic due to lockdowns and social distance. In the short term, the identity governance and administration industry is projected to see increased demand for identity governance and administration solutions due to work-from-home practices.
The identity governance and administration industry is being driven by an increase in regulatory compliance. Many businesses are now required to follow specific guidelines. In any organization, keeping track of an employee's details from the time they join until the time they retire is a must, as a result, the demand for identity governance and administration solutions is anticipated to rise.
The organization's stringent compliance standards are a key driver for identity governance and the administration industry. Due to these factors, the identity governance and administration program has a high adoption rate.
The sales of identity governance and administration sales are predicted to increase as a result of the rising adoption rates. Furthermore, any organization can benefit from identity governance and administration programs' operational efficacy. It is another factor that influences the demand for identity governance and administration solutions. These apps make it very simple to keep track of, maintain, and use data.
Professional identity governance and administration services are also sought by some organizations. In the projected year 2024, both of these market categories are expected to be in high demand. Furthermore, identity governance and administration have several features, such as fraud prevention and security benefits.
Globalization is likely to present identity governance and the administration industry with significant growth prospects. Globalization has an impact on the size and growth of the identity governance and administration market. Identity governance and administration solutions are in high demand for large-scale entropies.
During the predicted period, globalization is likely to boost the identity governance and administration solution acceptance rate. In 2032, the identity governance and administration industry growth rate is anticipated to be at its peak. Globalization is likely to enable the identity governance and administration industry to expand in numerous regions.
Data is being used frequently. The majority of the company works with a large volume of data. The leading corporation has a lot of data on its employees. The market makes it simple to make effective use of these data. The increased usage of data in the workplace is projected to boost the market's growth prospects.
The development of hybrid identity governance and administration solutions is anticipated to expand the company's growth prospects. Cloud and other unique elements are included in the hybrid program.
Principal Consultant
By organization size, the SME segment is projected to dominate the market. Improved operational productivity encourages SMEs to embrace identity governance and administration solutions.
Identity governance and administration solutions enable businesses to improve the customer experience while strengthening security and reducing fraud. As a result, security is critical for any firm, regardless of its size. The SMEs segment is the significantly growing segment in the market, as cloud-based solutions and services help them improve business performance. However, due to the affordability and early adoption of emerging technologies, the large enterprise segment is expected to hold a notable share of the market.
| Category | By Component |
|---|---|
| Top Segment | Solution |
| Market Share in Percentage | 71.2% |
| Category | By Organization Size |
|---|---|
| Top Segment | Large Enterprises |
| Market Share in Percentage | 58.3% |
During the forecast period, the services category is expected to be a significant contributor to market growth.
Solution providers offer identity governance and administration services to help customers utilize and manage their identity governance and administration solutions efficiently. Identity management entails a variety of services that work together to proactively identify issues and offer the best approach for resolving them.
Vendors are constantly adding and offering new services, such as professional and managed services to broaden their customer base as the market is flexible. To provide access governance and control compliance, identity governance and administration services improve and automate identity management procedures.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 33.7% |
| Europe | 22.9% |
North America is predicted to be the key market share contributor by 2033 due to the growing adoption of identity governance and administration solutions and services across companies in the area. This trend is expected to continue during the projection period.
The region has been an early user of modern security systems and techniques, as well as several creative initiatives. Several leading identity governance and administration providers have a direct or indirect presence in this region through system integrators, distributors, and resellers.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 22.7% |
| Germany | 8.1% |
| Japan | 6.2% |
| Australia | 1.9% |
Asia Pacific region is predicted to demonstrate the highest adoption of cloud identity and access management solutions due to several factors such as:
According to a VMware update, cloud adoption is predicted to increase consistently across all end-user industries in India. In addition, cloud-based identity governance and administration solutions are projected to gain traction in the region. Furthermore, many breaches in a variety of end-user sectors across the region are likely to drive up demand for advanced and upgraded identity governance and administration solutions.
| Regions | CAGR (2023 to 2033) |
|---|---|
| The United States of America | 13.3% |
| The United Kingdom | 11.6% |
| China | 14.2% |
| Japan | 12% |
| South Korea | 11.2% |
| India | 17.7% |
Several provinces, such as China, are embracing WeChat personal IDs as an official national electronic individual ID to eliminate duplicate identities and avoid identity theft from government databases,
China is the country with the second high number of identity thefts worldwide. Due to the numerous growth potential in the area, multiple solution providers are extending their identity governance and administration solutions in the region as a substantial expansion policy to achieve maximum market share.
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The market is moderately fragmented, with multiple global and regional competitors. The market, on the other hand, is turning toward the consolidation of small businesses. Several industry companies are using innovations to get a competitive advantage in the market.
Recent Developments in the Identity Governance and Administration Market
The market for identity governance and administration is being pushed by an increase in data breaches and cyberattacks.
The rise in data breaches and cyberattacks, the rising demand for compliance, and the expanding use of cloud computing are the main factors driving sales of identity governance and administration systems.
The market for identity governance and administration is expected to grow at an exponential rate in China.
Software is the substance of choice for identity governance and administration solutions.
In 2023, North America is anticipated to hold 33.7% of the global market for identity governance and administration.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033 5.3.1. Solution 5.3.2. Services 5.3.2.1. Managed Services 5.3.2.2. Integration and Implementation 5.3.2.3. Training and Consulting 5.3.2.4. Support and Maintenance 5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2023 to 2033 6.3.1. Large enterprises 6.3.2. mall and Medium-sized Enterprises (SMEs) 6.4. Y-o-Y Growth Trend Analysis By Organization Size, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Organization Size, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Deployment Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment Type, 2023 to 2033 7.3.1. On-Premises 7.3.2. Cloud 7.4. Y-o-Y Growth Trend Analysis By Deployment Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Deployment Type, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2023 to 2033 8.3.1. BFSI 8.3.2. Government and Defense 8.3.3. Telecom and IT 8.3.4. Healthcare and Life Sciences 8.3.5. Energy and Utilities 8.3.6. Retail and Consumer Goods 8.3.7. Manufacturing 8.3.8. Others 8.4. Y-o-Y Growth Trend Analysis By Vertical, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Vertical, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. South Asia 9.3.5. East Asia 9.3.6. Oceania 9.3.7. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. U.S. 10.2.1.2. Canada 10.2.2. By Component 10.2.3. By Organization Size 10.2.4. By Deployment Type 10.2.5. By Vertical 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Organization Size 10.3.4. By Deployment Type 10.3.5. By Vertical 10.4. Key Takeaways 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Component 11.2.3. By Organization Size 11.2.4. By Deployment Type 11.2.5. By Vertical 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Organization Size 11.3.4. By Deployment Type 11.3.5. By Vertical 11.4. Key Takeaways 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. U.K. 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Component 12.2.3. By Organization Size 12.2.4. By Deployment Type 12.2.5. By Vertical 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Organization Size 12.3.4. By Deployment Type 12.3.5. By Vertical 12.4. Key Takeaways 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Malaysia 13.2.1.3. Singapore 13.2.1.4. Thailand 13.2.1.5. Rest of South Asia 13.2.2. By Component 13.2.3. By Organization Size 13.2.4. By Deployment Type 13.2.5. By Vertical 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Organization Size 13.3.4. By Deployment Type 13.3.5. By Vertical 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Component 14.2.3. By Organization Size 14.2.4. By Deployment Type 14.2.5. By Vertical 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By Organization Size 14.3.4. By Deployment Type 14.3.5. By Vertical 14.4. Key Takeaways 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. Australia 15.2.1.2. New Zealand 15.2.2. By Component 15.2.3. By Organization Size 15.2.4. By Deployment Type 15.2.5. By Vertical 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component 15.3.3. By Organization Size 15.3.4. By Deployment Type 15.3.5. By Vertical 15.4. Key Takeaways 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Component 16.2.3. By Organization Size 16.2.4. By Deployment Type 16.2.5. By Vertical 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Component 16.3.3. By Organization Size 16.3.4. By Deployment Type 16.3.5. By Vertical 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. U.S. 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2022 17.1.2.1. By Component 17.1.2.2. By Organization Size 17.1.2.3. By Deployment Type 17.1.2.4. By Vertical 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2022 17.2.2.1. By Component 17.2.2.2. By Organization Size 17.2.2.3. By Deployment Type 17.2.2.4. By Vertical 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2022 17.3.2.1. By Component 17.3.2.2. By Organization Size 17.3.2.3. By Deployment Type 17.3.2.4. By Vertical 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2022 17.4.2.1. By Component 17.4.2.2. By Organization Size 17.4.2.3. By Deployment Type 17.4.2.4. By Vertical 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2022 17.5.2.1. By Component 17.5.2.2. By Organization Size 17.5.2.3. By Deployment Type 17.5.2.4. By Vertical 17.6. U.K. 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2022 17.6.2.1. By Component 17.6.2.2. By Organization Size 17.6.2.3. By Deployment Type 17.6.2.4. By Vertical 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2022 17.7.2.1. By Component 17.7.2.2. By Organization Size 17.7.2.3. By Deployment Type 17.7.2.4. By Vertical 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2022 17.8.2.1. By Component 17.8.2.2. By Organization Size 17.8.2.3. By Deployment Type 17.8.2.4. By Vertical 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2022 17.9.2.1. By Component 17.9.2.2. By Organization Size 17.9.2.3. By Deployment Type 17.9.2.4. By Vertical 17.10. India 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2022 17.10.2.1. By Component 17.10.2.2. By Organization Size 17.10.2.3. By Deployment Type 17.10.2.4. By Vertical 17.11. Malaysia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2022 17.11.2.1. By Component 17.11.2.2. By Organization Size 17.11.2.3. By Deployment Type 17.11.2.4. By Vertical 17.12. Singapore 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2022 17.12.2.1. By Component 17.12.2.2. By Organization Size 17.12.2.3. By Deployment Type 17.12.2.4. By Vertical 17.13. Thailand 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2022 17.13.2.1. By Component 17.13.2.2. By Organization Size 17.13.2.3. By Deployment Type 17.13.2.4. By Vertical 17.14. China 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2022 17.14.2.1. By Component 17.14.2.2. By Organization Size 17.14.2.3. By Deployment Type 17.14.2.4. By Vertical 17.15. Japan 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2022 17.15.2.1. By Component 17.15.2.2. By Organization Size 17.15.2.3. By Deployment Type 17.15.2.4. By Vertical 17.16. South Korea 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2022 17.16.2.1. By Component 17.16.2.2. By Organization Size 17.16.2.3. By Deployment Type 17.16.2.4. By Vertical 17.17. Australia 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2022 17.17.2.1. By Component 17.17.2.2. By Organization Size 17.17.2.3. By Deployment Type 17.17.2.4. By Vertical 17.18. New Zealand 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2022 17.18.2.1. By Component 17.18.2.2. By Organization Size 17.18.2.3. By Deployment Type 17.18.2.4. By Vertical 17.19. GCC Countries 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2022 17.19.2.1. By Component 17.19.2.2. By Organization Size 17.19.2.3. By Deployment Type 17.19.2.4. By Vertical 17.20. South Africa 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2022 17.20.2.1. By Component 17.20.2.2. By Organization Size 17.20.2.3. By Deployment Type 17.20.2.4. By Vertical 17.21. Israel 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2022 17.21.2.1. By Component 17.21.2.2. By Organization Size 17.21.2.3. By Deployment Type 17.21.2.4. By Vertical 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Component 18.3.3. By Organization Size 18.3.4. By Deployment Type 18.3.5. By Vertical 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Oracle 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.2. IBM 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.3. Sailpoint 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.4. SAP 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.5. CA Technologies 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.6. Broadcom Inc. 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.7. RSA Security 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.8. Micro Focus International 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.9. One Identity LLC 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.10. Ping Identity Corporation 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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Identity Governance and Administration Market
