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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