Robust Growth Driven by Increasing Cybersecurity Needs and Regulatory Compliance
United States of America [16-July-2025] – The global Identity Governance and Administration (IGA) Market is set to experience significant expansion, growing from USD 2.18 billion in 2021 to USD 8.67 billion by 2031, at a robust compound annual growth rate (CAGR) of 15.1%, according to a new report by The Insight Partners.
Identity Governance and Administration Market: https://www.theinsightpartners.com/sample/TIPRE00004373
Strengthening Security and Compliance in the Digital Age
IGA solutions enable organizations to efficiently manage and secure digital identities and access rights across complex IT environments. With the growing sophistication of cyber threats and stringent regulatory requirements, businesses are increasingly adopting IGA platforms to safeguard sensitive data, ensure compliance, and reduce risks associated with unauthorized access.
Key Market Drivers
- Rising cyberattacks and data breaches compel enterprises to enhance identity and access management controls.
- Stringent regulatory frameworks such as GDPR, HIPAA, and SOX drive adoption to ensure compliance.
- Cloud adoption and digital transformation increase the complexity of managing user identities across hybrid environments.
- Growing focus on zero-trust security models fuels demand for robust identity governance solutions.
Market Segmentation Insights
- Deployment Mode: On-premises and cloud-based IGA solutions are gaining traction, with cloud adoption accelerating due to scalability and flexibility.
- Enterprise Size: Large enterprises currently dominate the market; however, small and medium-sized businesses are increasingly implementing IGA solutions.
- End-User Verticals: BFSI, healthcare, IT and telecom, government, and manufacturing sectors are key adopters of IGA technologies.
Regional Outlook
North America holds the largest market share due to technological advancements and strong regulatory enforcement. Asia-Pacific is forecasted to register the highest CAGR, driven by digital transformation initiatives and rising cybersecurity awareness.
Leading Market Players
Prominent companies driving innovation in the IGA space include IBM Corporation, SailPoint Technologies Holdings, Inc., Oracle Corporation, Microsoft Corporation, One Identity (Quest Software Inc.), and CyberArk Software Ltd. These leaders are enhancing their offerings with AI, machine learning, and automation to improve identity lifecycle management and threat detection.
About The Insight Partners
The Insight Partners is a global market research and consulting firm delivering actionable intelligence across various industries. Their Identity Governance and Administration Market report offers in-depth analysis, forecasts, and strategic insights to help businesses navigate the evolving cybersecurity landscape.
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The Insight Partners
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