Identity Governance and Administration market is projected to reach USD 23.4 billion by 2032
From GlobeNewswire: 2025-01-08 09:00:00
The Identity Governance and Administration Market was valued at USD 7.1 billion in 2023, projected to reach USD 23.4 billion by 2032, with a CAGR of 14.24%. IGA solutions streamline identity management, compliance, and security, crucial in today’s digital-centric organizations facing regulatory compliance demands like GDPR and CCPA. Cloud adoption and remote workforces are driving the need for advanced identity governance solutions, with North America leading in market share at 39.58%. The Asia-Pacific region is expected to see the fastest growth in the IGA market, fueled by digital transformation and a focus on data security. Businesses in countries like India, China, and Japan are increasingly adopting cloud computing and advanced technologies, driving the demand for scalable identity management solutions. IBM, SailPoint, and Microsoft have recently launched AI-powered solutions to enhance user identity management and access governance. This trend is fueled by a growing middle-class population and rising internet penetration.
The market for identity governance and administration is seeing significant growth, with key players introducing advanced solutions to meet the increasing demand. IBM, SailPoint, and Microsoft have all announced enhancements to their identity management platforms, incorporating artificial intelligence and machine learning for improved user verification and access governance. These developments aim to streamline compliance and enhance user experience across various platforms.
SNS Insider offers consulting services in the identity governance and administration market, including Go-To-Market Assessment Service, Total Addressable Market (TAM) Assessment, and Competitive Benchmarking and Market Share Gain. As a leading market research and consulting agency, SNS Insider aims to provide clients with the knowledge they need to navigate changing market dynamics and make informed decisions based on current and accurate data.
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