Veterinary Equipment and Disposables Market Expected to Reach US$ 2,3 Identity Governance & Administration Market

Identity Governance and Administration Market to hit the value of US$ 13.7 Bn by 2027
According to a new market research report published by Credence Research “Identity Governance &
Administration Market (by Component Type – Solution and Services; by Services Type – Professional
Services and Managed Services; by Deployment Type – Cloud and On-premises; by Industrial Vertical –
BFSI, Government & Defense, IT & Telecommunications, Energy & Utilities, Manufacturing, Retail,
Healthcare and other) Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the
global identity governance & administration market expected to reach at US$ 13.7 Bn in 2027,
expanding at a CAGR of 13.2% from 2019 to 2027.
Browse the full report at https://www.credenceresearch.com/report/identity-governance-and-
administration-market
Market Insights
Identity governance and administration solution refers to management of access rights and
digital identity across multiple systems and applications. The overall identity governance &
administration market is highly governed by the continually growing instances of identity
mismanagement across the world. On an average, business organizations worldwide bear a loss of over
US$ 200 Bn annually due to such malfunction. Organizations are transforming their digital operations in
order to be competitive in the market.
This evolution has far-reaching impacts from cloud infrastructure penetration to IoT & business
processes automation as well as enabling third parties to access and share business information. Such
digital transformation is creating more opportunities for organizations but also prone to threat
landscape, making organizations more susceptible to malicious activities. Resource constraints and
reliance on manual processes makes it complex to proactively manage the rising identity risks. Modern
enterprises seek for insights to ensuring their focus on addressing access risks that matter most.
Traditional comprehensive identity governance and administration solution comprises number of
different components, including role management, identity compliance, service request management,
user provisioning, password management and several other functions. Presently end users are
inundated with data, which generates the need for modern identity governance solutions that provide
risk analytics and insight to make better decisions.
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Overall identity governance & administration market is segmented on the basis of component, services,
deployment and industrial vertical. Identity governance & administration market is primarily
commanded by the services segment due to rapidly growing service outsourcing practices. Businesses
adopting digital transformation are taking hard look at identity governance and administration
landscape. Enterprises seek for framework that enables to operationally manage and govern rapidly
expanding digital ecosystem. Identity governance and administration service providers are trying to
capitalize on the market by offering innovative as well as more reliable solutions for challenging
infrastructures.