Identity Governance and Administration Market 2022 Comprehensive Insights- Oracle Corporation, IBM Corporation, Sailpoint Technologies Holdings Inc., SAP SE, Broadcom Inc., Microsoft Corporation

The report considers the present scenario of the Identity Governance and Administration Market and its dynamics for the forecast period 2022-2026. Identity Governance and Administration Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.   

The Identity Governance and Administration Market is estimated to grow at a CAGR of 17.2% during the forecast period (2021-2026). 

The Identity Governance and Administration market is highly competitive and consists of a number of major players. Companies like Oracle Corporation, IBM Corporation, Sailpoint Technologies Holdings Inc., SAP SE, Broadcom Inc., Microsoft Corporation, Evidian (Bull International SAS), Hitachi ID Systems, ProofID, Cognizant Corporation, Okta Inc., Dell Technologies Inc. Amongst Others.

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Key Developments:

- 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.

Market Segmentation:

Segment by Type
Cloud-based
On-premises
Segment by Application
Manufacturing
Retail
Financial
Government
Others

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.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Identity Governance and Administration Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Identity Governance and Administration Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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