- To address vulnerabilities in satellite-based navigation, alternative systems are being explored. The Broadcast Positioning System (BPS), utilizing digital TV signals, is under development as a backup to GPS, aiming for public availability by 2027.
- The Global Identity Governance and Administration Market is experiencing rapid growth driven by increased adoption in autonomous vehicles, robotics, and immersive technologies such as AR/VR. Technological advancements in AI, machine learning, and sensor fusion are further accelerating development.
- North America dominates the Identity Governance and Administration Market with the largest revenue share of 43.01% in 2024, characterized by technological innovation, expanding use cases across industries, and increasing demand for accurate spatial orientation and localization in GPS-denied environments.
- Asia-Pacific is expected to be the fastest growing region in the Identity Governance and Administration Market during the forecast period due to autonomous systems, robotics, and AR/VR applications continue to scale, vision-based positioning offers a reliable alternative or enhancement to traditional satellite-based GPS systems. This creates a wealth of opportunities in industries such as logistics, automotive, construction, agriculture, and retail.
- Solution segment dominates the Identity Governance and Administration Market with a market share of 31.2% in 2024, driven by Growth of Edge Computing & 5G: Enhanced processing speeds and lower latency from edge computing and 5G enable high-performance VPS systems.
