User Provisioning Market: Global Market Size, Dynamics, Regional Insights and Market Segment Analysis Forecast (2023-2029)

User Provisioning Market was valued at USD 6.85 Billion in 2022, and it is expected to reach USD 15.22 Billion by 2029, exhibiting a CAGR of 12.06 % during the forecast period (2023-2029)

User provisioning is a system that supports organizations and companies in securely handling the data, mainly information of users across various systems and applications. This method operates in a helpful, quick, and secure manner. User provisioning, also known as account provisioning, is a method for creating, changing, disabling, and deleting user accounts and profiles across enterprise applications and IT facilities. The program for managing user access to IT applications serves as a single point of contact. To create organized records of user data, such as software credentials, private information, or account histories, the organization needs an identity governance technique. To know about the Research Methodology  :- Request Free Sample Report

MMR offers a complete research technique that involves primary research as well as data triangulation based on top-down and bottom-up approaches to verify the estimated market sizes. The information needed to estimate the market size and forecast for various segments at the global, regional, and national levels was gathered using the most trustworthy public sources and interviews with the right stakeholders.

For a certain forecast period, a market's growth rate, or CAGR, is estimated based on a variety of factors and their relative relevance to the market. These components include market drivers, market restraints, industry difficulties, market and technological advances, market trends, etc. Porter looks at the market's competitiveness, new entrants, supplier and buyer power, and the risks posed by competing goods and services in MMR Report. PESTLE identifies variables including politics, economy, socio-culture, technology, law, and the environment that could have an impact on an organization's competitive position.
User Provisioning Market Dynamics-
The Global User Provisioning Market dynamics are thoroughly studied and explained in the report. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the

MMR report with other supporting:

Identity theft cases are on the rise, and small, medium, and big-scale businesses are more concerned. By making identification and access permissions granted to various users visible from the time of their onboarding until their exit, user provisioning solutions help reduce the risk of identity theft. In the USA, 147,382 occurrences of identity theft were reported in 2020 by the Federal Trade Commission. Such occurrences encourage enterprises to employ User Provisioning software, which propels the market's expansion.

Some companies go through each user's account manually and employ manual methods, which adds to the workload and takes longer. Therefore, implementing automatic provisioning is crucial. The adoption of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) policies, together with other technical advancements, has a positive impact on the expansion of Cloud IAM, which in turn affects the growth of the User Provisioning market. By incorporating cloud identity and access management tools, it will be possible to ensure that BYOD and CYOD employees only access information that has been granted permission.

In the coming years, the global market is anticipated to be constrained by increasing safety concerns regarding cloud-based user provisioning software among companies and a lack of understanding regarding its adoption. Moreover, it is projected that the market for user-provisioning software will be constrained by the existence of numerous free vendors and open-source solutions. The market for user provisioning software is expected to have potential as demand for artificial intelligence in user provisioning software increases.

Trending factors in User Provisioning Market:

1.Different Players Are Concentrating on Product Improvement. In terms of user provisioning, for example, DigitalOcean, Inc. offers a variety of features including durable storage availability, security, scalability, and others.

2.An increasing need for greater security and risk mitigation measures

3.Rising Adoption of Single Sign-On and Password Management Services in the Cloud

4.IoT and cloud technologies are currently redefining IAM and provisioning landscapes, and there is an increasing demand for management strategies to be globally aligned with organizational strategic initiatives.

User Provisioning Market Segments-

MMR gives growth forecasts for the global, regional, and county levels from 2023 to 2029 along with an analysis of the important trends in each sub-segment of the global User Provisioning market study. The market has been segmented by component, organization size, vertical, deployment model, and function in the MMR report.By Deployment Model, the cloud-based segment dominated the global user provisioning market in 2022 and is expected to remain the fastest-growing segment during 2023-2029. This growth is attributed to the growing usage of cloud-based services by industry verticals like BFSI, healthcare, and e-commerce. The Authorization workflow standards are improved by cloud-based user provisioning solutions because they can deliver a uniform user experience across all supported apps, such as unified reporting, detailed event tracking, and audit logs. Furthermore, compared to on-premise models, cloud-based user provision is more widely used since it supports comprehensive user life cycle management by allowing the creation, update, removal, or suspension of user profiles. Such elements aid in the market's significant adoption of cloud-based user provisioning.

Based on Function, the Marketing and Sales segment held the highest market share in 2022, holding the largest market share, and is expected to continue its leadership status during the forecast period. Thanks to the growing need for access to tools, applications, and information, marketing and sales make up the largest segment of the user provisioning market globally. In contrast to other functional segments, the user provisioning application gives users access to specific data and applications based on their role.

By vertical, the healthcare industry is expected to hold a significant share in 2022. The utilization of automated processes and self-service access to improve operational efficiency is another benefit of using user provisioning systems. As the Covid19 epidemic spreads, there are more cyberattacks on healthcare facilities, which increases the demand for User Provisioning solutions in these facilities.
User Provisioning Market Regional Analysis:
The MMR report offers a brief analysis of the major regions in the market, namely, Europe, North America, Asia-Pacific, South America, and the Middle East & Africa. In 2022, North America had a market share of 36% or more in the global user provisioning market, and it is expected to continue to grow at the fastest rate between 2022 and 2026. The market in this region is expected to increase as a result of rising government regulations on IT security and the penetration of digital platforms.

Furthermore, North America has seen the highest rates of identity theft and fraud events, which motivates businesses to allocate more funds for cyber security in order to use new tools, strategies, and software for security measures. Due to an increase in cyberattacks, Microsoft Corporation decided in August 2021 to invest $20 billion over the following five years in cyber security. Similar to this, the United States government planned to allocate $18.78 billion of its 2021 budget for cyber security in June 2020. Long-term, these investments may have an impact on the user provisioning market's expansion.

Competitive Analysis:

Details about each competitor are included in the competitive landscape for User Provisioning. The company's overview, financials, revenue, market potential, investment in R&D, new market initiatives, global presence, production facilities, company strengths and weaknesses, product launch, clinical trial pipelines, brand analysis, product approvals, patents, product width, and breadth, application dominance, and technology lifeline curve are all included in the information. The information above only relates to the companies' market focus on the User Provisioning Market.

OneLogin Inc., a market pioneer in Identity and Access Management (IAM), declared the release of its OneLogin Workflows and Universal Connector solutions in September 2021. Organizations may automate intricate identity lifecycle management procedures like onboarding and offboarding with the help of OneLogin Universal Connector solutions, which also offer solid interfaces across cloud and on-premise systems.

Dell introduced brand-new manufacturing-level services including Connected Provisioning in March 2021. It is a cloud-based IT management system that shortens the time it takes for users to become productive, creates control over devices, and streamlines IT processes.

Key Insight:

Thanks to its ability to deliver a consistent user experience and accommodate full user life cycle management, the cloud sector is predicted to grow at the highest rate in the user provisioning market between 2022 and 2029.

As a result of an increase in healthcare data breaches, the healthcare industry is predicted to expand with the highest CAGR of 13.45 % in the global user provisioning market over the forecast period.

Owing to the increase in fraud and identity theft, the North American area is predicted to experience the greatest growth in the global user provisioning market during.

The objective of the report is to present a comprehensive analysis of the User Provisioning Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

The report also helps in understanding the User Provisioning Market dynamics, and structure by analyzing the market segments and projecting the User Provisioning Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the User Provisioning Market make the report investor’s guide.
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User Provisioning Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 6.85 Bn.


Forecast Period 2023 to 2029 CAGR:
12.06 %
Market Size in 2029:
US$ 15.22 Bn.


 Segments Covered:
by Component
Solution
Service
Managed Services
Professional Service


by Organization Size
Large Enterprises
Small and Medium Businesses


by Vertical
Government
Telecom and IT
Banking, Financial Services and Insurance (BFSI)
Manufacturing
Retail
Healthcare
Others


by Deployment Model
Cloud-based
On-premise


by Function
Finance
HR
Administration
IT
Marketing and Sales



User Provisioning Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
User Provisioning Market Key Players:
1. IBM
2. Oracle
3. ATOS
4. Hitachi ID
5. Dell
6. Onelogin
7. SAP
8. Happiest Minds
9. Broadcom
10.EmpowerID
11.Microsoft
12.Centrify
13.CA Technologies
14.OneLogin, Inc

Frequently asked questions:

1. What is the market growth of the User Provisioning Market?
Ans. The User Provisioning Market was valued at USD 6.85 Billion in 2022 and is expected to reach USD 15.22 Billion by 2029, at a CAGR of 12.06 % during the forecast period.

2. Which are the major key players in the User Provisioning Market?
Ans. The key players in this market IBM, Oracle and ATOS.

3. Which region is anticipated to account for the largest market share?
Ans. North America is anticipated to dominate the User Provisioning Market,

4. what is the forecast period for the User Provisioning Market?
Ans. The forecast period for the User Provisioning Market is from 2023 to 2029.

5. what is the segment in which the User Provisioning Market is divided?
Ans. The User Provisioning Market is fragmented based on Component, Organization Size, Vertical, Deployment Model, and Function