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
