Identity Governance and Administration Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast

IGA tools act as catalysts for compliance, efficiency and strategy of a business. Tools manage business’s digital identity and various access rights across multiple systems. To achieve this, IGA tools associate and combine incongruent identity and access rights of data, that is spread throughout the IT landscape of a business, so as to boost control over user access. The aggregated data then serves as a source of some core IGA functions, which include, but are not limited to workflow orchestration, identity life cycle and rights management, service tickets, access requests, access certification, and analytics.

The global IGA market is on the rise due to increasing demand from enterprises to identify their users, control whatever they can access, and further audit their activities for security of information. Apart from this, since IGA also provides businesses with numerous supplementary functions, including auditing and policy management, its adoption by business leaders across industries, is expected to escalate in near future.

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Today’s various information technology (IT) solutions control diverse platforms for mission-critical applications. Furthermore, just as applications of an enterprise gets deployed into the mobile and cloud space, businesses start facing a more challenging landscape and stringent regulatory controls to protect their brands and business identity. Therefore, enterprises are in immediate need to operate with secure, sophisticated, and scalable means of assigning, monitoring, and controlling access to company resources.

IGA tools provide businesses with the ability to manage access in a complex technical environment by cementing human interactions and business applications. In other words, IGA can also be thought of as a vital business enabler, which provides agility to a firm with respect to the application of controls and the ongoing nursing of compliance.

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North America has been the largest identity governance management market. The regional market is driven by early adoption of IGA across various sectors. The market in Asia-Pacific is expected to grow at a good rate during the forecast period. Robust growth in IT infrastructure, huge investments by businesses in data security and access control systems, is expected to back the growth of the regional market.

Factors driving the growth of the global identity government management market, are cloud delivery of IGA, and improved alignment with privileged account management (PAM). The increasing level of investments by public/ private capital holders in the development of enterprise friendly IGA platforms, promises great opportunity for the significant growth of the global identity government management market in near future.

Identity Governance and Administration Market Competitiveness

The IGA industry is reaching a point of maturity where majority of the vendors in the global market can satisfy the needs of many common business requirements. Major vendors operating in the market are currently delivering IGA capabilities as on-premise software, while some of the vendors also have other options which are delivered on as-a-service basis. Some of the key players in the industry include Atos, IBM Corporation, AlertEnterprise, CA Technologies, Omada, SAP Institute, Inc., Oracle, One Identity, and Core Security Technologies.

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