Comprehensive Study of the User Provisioning Market: Current Landscape and Future Outlook - by 2031

According to a new report published by Allied Market Research, titled, "User Provisioning Market," The user provisioning market size was valued at $4.3 billion in 2021, and is estimated to reach $15 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031.

User provisioning is a process of creating and managing access to IT system resources. User provisioning aids organizations in managing the 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.

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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, the 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 the highest growth, because it minimizes the deployment cost & risks, and others, which further fuels the growth of the market.

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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 expendable income among the region's middle-income population.

COVID-19 outbreak has significantly impacted the user provisioning market. It led to multiple restrictions and indefinite shutdown of production across the globe. Many industries and businesses were stopped which affected the global economy and led to economic downfall of many countries. However, during this pandemic, 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.

This report gives an in-depth profile of some key market players in user provisioning industry including 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. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the user provisioning industry globally.

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KEY FINDINGS OF THE STUDY

By component, the solution segment dominated the user provisioning market in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.

Based on deployment, the On-premises segment dominated the sports management software market in 2021.However, the Cloud segment is expected to witness the highest growth rate during the forecast period.

Based on business function, the IT the highest revenue in 2021. However, Marketing and Sales is expected to witness the highest growth rate during the forecast period.

Depending on industry vertical, the BFSI the highest revenue in 2021. However, the Education industry is expected to witness the highest growth rate shortly.

Region-wise, the user provisioning market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

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