Global Identity Governance and Administration Market Synopsis

The Identity Governance and Administration Market is anticipated to grow by US$9.00 billion by 2024 rapidly growing at a CAGR of 16.8% during the forecast period. The global identity governance and administration market is driven by innovations for improving identity based processes and organizational need for compliance. These factors have helped shape the identity governance and administration market and are expected to boost the growth. Companies in the identity governance and administration market could also face challenges such as technical complexities as well as shortage of skilled teams.

The details covered in the identity governance and administration market report cover all the aspects of the industry. Analysts studying the identity governance and administration market have also shared growth projections in the report and have suggested identity governance and administration market players to plan business strategies accordingly.

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Market Segmentation

The global identity governance and administration market has been segmented based on deployment mode, industry vertical, organization size, and component. On the basis of deployment mode, the market for identity governance and administration is segmented based on solution and services. Additionally, the market on the basis of industry vertical, is segmented into BFSI, government and defense, and healthcare. The global market for identity governance and administration is also covered based on organization size segment which is further split into large enterprises and SMEs. On the basis of components, the market for identity governance and administration is segmented based on solution and services.

Factors like IGA solutions are in high demand from different industry verticals including BFSI, healthcare, retail, and public sector supporting the identity governance and administration market growth. The performance of the identity governance and administration market has also been studied for the past and current years. Additionally, the identity governance and administration market report provides analysis of these segments. The identity governance and administration market segmental analysis provided in the report offers major details about the identity governance and administration market based on the data and forecasts till 2024.

Regional Overview

Companies in the identity governance and administration market are spread across the world. The identity governance and administration market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American identity governance and administration market has many companies across the United States, Canada, and Mexico. The identity governance and administration market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the identity governance and administration market can be found in the market research report. Europe has companies in the identity governance and administration market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the identity governance and administration market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Competitive Landscape

The identity governance and administration market is supported by growth in demand, availability of infrastructure and talent pool. The population growth around the world and increasing demand of identity governance and administration market based services and products also support the market growth. However, the identity governance and administration market growth can be affected due to stringent rules and time consuming approval processes for certain sectors . The report covers all such details which will help companies in the identity governance and administration market to strengthen their business plan and improve their product portfolio. The identity governance and administration market research report also provides company profiles of major companies. The company profiles of many organizations operating in the identity governance and administration market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the identity governance and administration market. New companies and established businesses can plan their strategies based on this data provided in the identity governance and administration market research report.

Industry News

Protiviti, a multinational consultancy company, has acquired Identropy, a solution provider for identity and access management (IAM). The purchase comes after Protiviti launched Microsoft 365 and Azure security solutions earlier this year. This is M&A contract number 529 that has been covered so far in 2020 by MSSP Warning and ChannelE2E. See here for the entire M&A deal page. As part of the acquisition, Identropy's IAM team will join.

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