Global User Provisioning Market Expected to Reach $15 Billion | Analysis and Forecast by 2031

According to the report published by Allied Market Research, the global user provisioning market generated $4.3 billion in 2021, and is projected to reach $15 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape.

The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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User provisioning is a process of creating and managing access to IT system resources. User provisioning aids organizations to manage information of users on an application effectively, securely and reliably. The user provisioning software offers a point of preservation to control user access to various IT applications. This software enables HR staff to use the database and collect information of employees and track access requests.

The major driving factor of the market is the increased adoption of cloud-based software. Moreover, rise in demand for improvement in workforce utilization is anticipated to fuel the market growth. Furthermore, increase in adoption of cloud-based IAM and rise in incidents of identity thefts is boosting the growth of the global user provisioning market. However, high cost and lack of security expertise and shadow IT risk is hampering the user provisioning market growth. On the contrary, trending technology is expected to offer remunerative opportunities for expansion during the user provisioning market forecast.

Based on components, the solution segment dominated the user provisioning market share in 2021 and is expected to maintain its dominance in the upcoming years, as it aids in ensuring organization cost savings, management control, operational efficiency, and the growth of the business. However, the services segment is expected to witness highest growth, because it minimizes the deployment cost & risks, and others, which further fuels the growth of the market.

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Based on business function, the IT segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The marketing and sales segment, on the other hand, is expected to cite the fastest CAGR of 15.9% during the forecast period.

Based on the deployment model, the on-premises segment held the dominating market share in 2021, holding more than half of the global market. The cloud segment, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 15.1% during the forecast period.

Based on organization size, the large enterprises segment held the largest market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 14.7% during the forecast period.

Depending on region, North America dominated the User Provisioning Market Analysis in 2021, owing to rise in concerns related to the security of IT infrastructure and complex data have encouraged enterprises in the North American region to adopt reliable user provisioning and authentication solutions. However, Asia Pacific is expected to exhibit highest growth during the forecast period, owing to rapid technological advancements, digitization of economies, and government initiatives increased expandable income among the region's middle-income population.

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The key players analyzed in the global user provisioning market report include ATOS, CA Technologies, Cyberark, Centrify Corporation, Dell Technologies, EmpowerID, Inc., Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, Inc., IBM Corporation, JumpCloud, Microsoft Corporation, Oracle Corporation, SAP SE, SolorWinds LLC.

The report analyzes these key players in the global user provisioning market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

COVID-19 Scenario:

• The outbreak of COVID-19 has had a negative impact on the growth of the global user provisioning market, owing to the occurrence of lockdowns in various countries across the globe.

• Lockdowns resulted in the closure of manufacturing and production facilities of various industries and businesses, which adversely impacted the growth of the market.

• In addition, the economic slowdown of various economies further aggravated the impact of the market.

• These restrictions were imposed by the government to curb the spread of the virus during the pandemic. However, the incidents of identity theft were still on the rise. Emerging advancements in the market are providing remunerative opportunities for growth. Moreover, many enterprises are investing highly in the user provisioning market.

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