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Industry Landscape
The Identity Governance and Administration (IGA) market is experiencing robust growth driven by increasing cybersecurity threats, stringent regulatory compliance demands (GDPR, HIPAA), and the digital transformation of enterprises. Organizations are seeking integrated solutions that automate identity lifecycle management, access reviews, and separation of duties. The market is consolidating, with a strong push towards cloud-native and platform-integrated solutions, especially for those leveraging existing enterprise platforms like ServiceNow.
Total Assets Under Management (AUM)
Identity and Access Management Market Size in United States
~Approx. $12-15 billion USD
(14-16% CAGR)
• Driven by cloud adoption and digital transformation.
• Increasing focus on zero-trust security models.
• Growing demand for automated compliance and governance.
Total Addressable Market
Approx. $20 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for IGA
Leveraging AI to automate policy creation, recommend access entitlements, detect anomalies, and personalize user access experiences within IGA.
Decentralized Identity (DID)
Utilizing blockchain or distributed ledger technologies to give individuals more control over their digital identities, potentially simplifying identity verification and access management.
Identity Fabric/Mesh
An architectural approach that unifies disparate identity systems and services across hybrid and multi-cloud environments, providing a cohesive and centralized identity management layer.
Impactful Policy Frameworks
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0, released in February 2024, expands its scope beyond critical infrastructure to all organizations and introduces a new 'Govern' function focused on integrating cybersecurity risk management into broader enterprise risk management.
It will drive organizations to enhance their identity governance processes to align with broader enterprise risk management and supply chain risk, increasing demand for comprehensive IGA solutions.
SEC Cybersecurity Rules for Public Companies (2023)
Effective December 2023, the SEC mandates public companies to disclose material cybersecurity incidents within four business days and annually report on their cybersecurity risk management, strategy, and governance.
This policy necessitates robust identity governance to ensure accurate and timely reporting on cybersecurity risks and incidents, impacting corporate governance and investor relations.
Executive Order on Improving the Nation’s Cybersecurity (EO 14028) (2021)
This U.S. Executive Order, signed in May 2021, emphasizes Zero Trust architecture, enhanced incident response, and supply chain security for federal agencies and their contractors.
It accelerates the adoption of Zero Trust principles, requiring organizations to implement least privilege access and continuous verification, directly benefiting IGA solutions that enable these capabilities.
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