Global Identity Governance Platform Market by Type (Cloud Based, On-premises), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global identity governance platform market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 13.8% during the forecast period. The growth of the identity governance platform market can be attributed to the increasing need for secure and efficient authentication and authorization processes across organizations, rising adoption of cloud-based solutions, and growing demand for compliance management solutions. However, data privacy concerns may restrain the growth of this market to some extent during the forecast period.



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Product Definition:

An identity governance platform (IGP) is a software system that enables an organization to manage and govern its user identities and their access privileges. IGP systems typically provide a centralized interface for creating, managing, and monitoring users' accounts and permissions across multiple applications and systems. They also help automate the process of granting or revoking access privileges as users' roles or responsibilities within the organization change.

Cloud Based:

Cloud-based solutions are gaining popularity in the identity governance platform market owing to benefits such as easy deployment, cost effectiveness and high scalability. The major factor responsible for its growth is data security and privacy protection. Cloud based IDG platforms provide a secured environment by offering multi-factor authentication using tokens along with encryption of sensitive data at rest or in transit.

On-premises:

On-premises is a term used for the software and hardware systems that are installed at an organization's headquarters to provide services to remote users. The on-premises solutions offer various advantages such as easy maintenance of data security and privacy, easy customization of applications, low cost of ownership, etc. However, there are some disadvantages associated with it such as high initial investment cost due to which there is a shift towards cloud computing solutions.

Application Insights:

The Small and Medium-sized Enterprises (SMEs) segment held the largest share of over 60.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing adoption of cloud-based GIG platforms by SMEs for managing their identity and access management policies across different applications and services. Furthermore, growing demand for online authentication solutions by SMEs is further anticipated to fuel the global identity governance platform market growth during the forecast period.

The Large Enterprise (LEs) application segment accounted for a considerable share in 2017 due largely to early adopters such as banks, telecom companies, media organizations and e-commerce firms having substantial user bases that require robust security mechanisms while handling users¢â‚¬â„¢ digital identities across different applications and services globally.

Regional Analysis:

North America is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government regulations and standards, such as OAuth 2.0 and OpenID Connect specifications, for user authentication across various cloud applications and services. Moreover, growing adoption of social media by enterprises has led them to develop policies that address issues related to data protection and privacy in an effective manner. This has resulted in increased demand for GIGP platform solutions from North American countries such as the U.S.

Growth Factors:

Increasing demand for identity governance solutions from small and medium-sized businesses (SMBs) due to the growing number of cyber threats.
The increasing adoption of cloud-based services, which requires proper identity governance to ensure secure access control and compliance with regulations.
The rising trend of Bring Your Own Device (BYOD) in the workplace, which increases the need for effective identity management solutions to protect corporate data.
The increasing use of social media and other online channels by consumers, which creates new challenges for organizations in verifying identities and protecting customer data privacy.
The growing number of government mandates and regulations related to identity governance, such as GDPR in Europe and PSD2 in Europe


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Scope Of The Report
Report Attributes
Report Details
Report Title
Identity Governance Platform Market Research Report
By Type
Cloud Based, On-premises
By Application
SMEs, Large Enterprises
By Companies
Oracle, IBM, SAP, Microsoft, Evidian, Broadcom, HID Global, Hitachi, Identity Automation, Micro Focus, Omada, One Identity, Ping Identity, PlainID, RSA, SailPoint, Saviynt, Simeio Solutions, Tools4ever
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.

Global Identity Governance Platform Market Report Segments:
The global Identity Governance Platform market is segmented on the basis of:
Types
Cloud Based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Oracle
IBM
SAP
Microsoft
Evidian
Broadcom
HID Global
Hitachi
Identity Automation
Micro Focus
Omada
One Identity
Ping Identity
PlainID
RSA
SailPoint
Saviynt
Simeio Solutions
Tools4ever



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Highlights of The Identity Governance Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
On-premises
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Identity Governance Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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