Identity Governance and Administration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Identity Governance and Administration Market is Segmented By Component (Solutions, Services), Deployment Mode (On-Premises, Cloud), Organization Size (Small and Medium Enterprises, Large Enterprises), End User Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Energy and Utilities, Government and Public Defense, Healthcare), and Geography.

Market Snapshot

identity governance and administration
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 17.2 %

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Market Overview

The Identity Governance and Administration Market is estimated to grow at a CAGR of 17.2% during the forecast period (2021-2026). The IGA solutions offer streamlined provision based on roles designed as per the requirements of the client organization, Continuous monitoring of access and entitlements to stay on top of the changes, full visibility of all-access, and rights to make informed decisions. Governance also includes managing segregation of duties, alerting when conflicting access is noticed/discovered/detected/granted.

  • The rapidly growing globalization has led to increased complexity in operations. Thus the need for centralized visibility over both on-premises and cloud applications and data files across the organization are significant factors driving the growth of the market.
  • Moreover, government regulations surrounding identity governance and administration are also driving the growth of the market as the adoption rate is on the rise. For instance, IGA solutions that address SOX compliance requirements include centralization administration of access management and identity governance, enforcement of segregation of duties (SoD) policies, regular auditing to verify user rights and permissions across the infrastructure, automatic logging and tracking tools that generate clear reports for compliance audits.
  • The rapid rise in cloud services, social and mobile, have made traditional firewall systems increasingly outmoded. Digital identity has become crucial for enforcing access controls. As a result, IGA has become a significant priority for the modern enterprise.
  • These solutions that were once viewed as an operational back-office issue, is gaining board-level visibility following several high-level breaches that have occurred due to the failure of organizations to manage and control user access effectively. The prominence of these solutions have been further elevated by an evolving regulatory landscape and trends such as Bring Your Own Device (BYOD) and cloud adoption, while the risks related to access to information and data have also increased.
  • The spread of COVID-19 has brought budget cuts and dwindling resources along with it. Organizations are focused on optimizing their resources to maintain business continuity. Therefore though the percentage of adoption for identity governance and administration has seen an upward trend, the adoption of the same entirely depends on the requirement and urgency for the deployment of the solution. In the short run, the market is expected to witness demand due to work from home practices; however, this is expected to come back to normal levels in the post-COVID scenario.

Scope of the Report

Identity Governance and Administration is the centralized composition of access control and identity management practices often instituted to comply with government regulations and industry standards. For an organization, the main agenda for implementing Identity Governance and Administration (IGA) is to make sure that right people are getting the right access for the right reason at the right time. The report gives a detailed analysis of solutions and services offered on different deployment modes in various industries across the globe.

Component
Solutions
Services
Deployment Mode
On Premise
Cloud
Enterprise Size
Small and Medium Enterprises
Large Enterprises
End User Vertical
Banking, Financial Services, and Insurance
IT and Telecom
Energy and Utilities
Government and Public Defense
Healthcare
Other End-user Verticals (Manufacturing, Retail)
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Key Market Trends

Cloud Migration to drive the Growth of the Market

  • Identity governance and administration solutions are primarily used to initiate, capture, record, and manage user identities and their access permissions. With identity thefts and data breaches increasing, there is a rapid rise in the need for IGA solutions. According to Verizon Data Breach Investigations Report, 2019, out of 41,686 security incidents, 2,013 were confirmed data breaches. This global rise in data breaches is due to a considerable increase in data breaches in individual industry verticals.​
  • As more businesses shift from on-premises software to cloud-based services and work to expand mobile access, identity governance tasks become more complex. Sensitive data flowing between onsite and offsite devices requires strong protections to prevent unauthorized access, and a new approach is needed to address the increasing number of mobile devices connecting to enterprise systems. This is increasing the demand for cloud-based identity governance and administration solutions and services.
  • Additionally, the new face of business includes complex information systems in which users log in from both onsite networks and mobile devices, switching back and forth to accommodate changes in locations and schedules. Not all employees spend the entirety of their workdays at the office, and some have no permanent desk space at all. This new work structure necessitates a mobile-friendly solution in which critical business applications are accessible from anywhere using a wide range of devices.
  • The rise in digitization across the region, for example, in the BFSI sector; is expected to drive the demand for such solutions over the forecast period.
  • The interplay between cloud, mobile and IoT technologies in the modern enterprise creates the need for a more granular approach to Identity and Access Management (IAM) via scalable solutions suitable for a variety of network environments. Hence, the need for security solutions, including security for identity-related crimes, is an essential factor driving the adoption of cloud identity governance and administration solutions.​
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Asia Pacific is Expected to Hold Major Share

  • The Asia Pacific region is expected to show maximum adoption of cloud identity and access management solutions, due to various factors, such as growing adoption of technologies, like cloud technology, digitization, AI, IoT, etc., across various end-user industries in the region.
  • According to an update by VMware, there is expected to be a consistent surge in cloud adoption in all the end-user industries in India. This is further expected to drive the adoption of cloud-based identity governance and administration solutions in the region.​
  • Moreover, several instances of data breaches in varied end-user industries in the region are expected to strengthen further the demand for advanced and enhanced identity governance and administration solutions. For example, some of the provinces, like China, are accepting WeChat personal identities as an official national electronic individual ID, to eradicate duplicate identities and to prevent identity theft from government databases. Globally, China stands as the second nation to have the highest number of identity thefts
  • Several solution providers are expanding their solutions in the region as a significant expansion policy, while aiming to attain a maximum market share, due to the several growth prospects in the area. For instance, in May 2019, the US firm Okta, opened an Asia-Pacific data center, to better serve its identity governance and administration customers in the region.​ The company offers organizations policy-based user identity management and access control solutions. It also supports their security and regulatory compliance efforts, enabling them to define, enforce, and review identity access management policies, map them to compliance requirements, and audit user access.
  • Campaigns like the massive “Digital India Initiative”, and limited awareness on the importance and impact of cybersecurity are driving the government to prepare itself to fight cybercrime with robust regulations, legal frameworks, and implementable laws.
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Competitive Landscape

The identity governance and administration market comprise of several global and regional players, a moderately fragmented market space. However, the market is shifting toward the consolidation of various smaller players. Several market players are gaining a competitive advantage in the market through innovations. Some of the major players in the market are IBM Corporation, Microsoft Corporation, and Oracle Corporation, among others.

  • May 2020 - Okta, Inc. launched New Native Identity Integration with Amazon Web Services to Improve security, simplify the user experience, and expand automation capabilities for large, complex organizations. Available immediately through the Okta Integration Network, the new ability enables Okta customers to provision identities to AWS SSO for authorization management, delivering automatic synchronization of user identities and groups to eliminate considerable complexity.
  • May 2020 -SAP SE announced that the company GEA had entered a strategic partnership with SAP, intending to drive enterprise-wide digital transformation. The partnership will focus on implementing a global ERP system based on SAP S/4HANA, with which GEA plans to capture the full potential of the intelligent use of data within a company.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Market Drivers

      1. 4.4.1 Rising Need for Workforce Productivity and Enterprise Agility across Time Zones?

      2. 4.4.2 Growing Focus of Organizations Toward Meeting Regulatory Compliances

    5. 4.5 Market Restraints

      1. 4.5.1 Managing Identities Across Multiple Operation Environments

    6. 4.6 Assessment of COVID-19 impact on the industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Component

      1. 5.1.1 Solutions

      2. 5.1.2 Services

    2. 5.2 Deployment Mode

      1. 5.2.1 On Premise

      2. 5.2.2 Cloud

    3. 5.3 Enterprise Size

      1. 5.3.1 Small and Medium Enterprises

      2. 5.3.2 Large Enterprises

    4. 5.4 End User Vertical

      1. 5.4.1 Banking, Financial Services, and Insurance

      2. 5.4.2 IT and Telecom

      3. 5.4.3 Energy and Utilities

      4. 5.4.4 Government and Public Defense

      5. 5.4.5 Healthcare

      6. 5.4.6 Other End-user Verticals (Manufacturing, Retail)

    5. 5.5 Geography

      1. 5.5.1 North America

      2. 5.5.2 Europe

      3. 5.5.3 Asia Pacific

      4. 5.5.4 Latin America

      5. 5.5.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Oracle Corporation

      2. 6.1.2 IBM Corporation

      3. 6.1.3 Sailpoint Technologies Holdings Inc.

      4. 6.1.4 SAP SE

      5. 6.1.5 Broadcom Inc.

      6. 6.1.6 Microsoft Corporation

      7. 6.1.7 Evidian (Bull International SAS)

      8. 6.1.8 Hitachi ID Systems

      9. 6.1.9 ProofID

      10. 6.1.10 Cognizant Corporation

      11. 6.1.11 Okta Inc.

      12. 6.1.12 Dell Technologies Inc.

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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Frequently Asked Questions

The Identity Governance and Administration Market market is studied from 2018 - 2026.

The Identity Governance and Administration Market is growing at a CAGR of 17.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

SAP SE, Microsoft Corporation, IBM Corporation, Oracle Corporation, Sailpoint Technologies Holdings Inc. are the major companies operating in Identity Governance and Administration Market .

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