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User Provisioning Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
User Provisioning Market Size
According to The Business Research Company's, The user provisioning market size has grown rapidly in recent years. It will grow from $8.47 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to the rise of cyber threats, adoption of cloud computing, identity governance, complex IT environments, and identity management awareness.
The user provisioning market size is expected to see rapid growth in the next few years. It will grow to $19.01 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to biometric authentication, blockchain-based identity management, continuous monitoring, self-service provisioning, and focus on user experience. Major trends in the forecast period include adaptive access control, regulatory compliance automation, hybrid identity management, collaborative identity management, and zero trust architecture adoption.
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Market Drivers and Trends:
The rising adoption of cloud-based software systems is expected to propel the growth of the user provisioning market going forward. Cloud-based software systems refer to applications and services that are hosted and delivered over the internet, allowing users to access and use them remotely via web browsers or client applications. The increasing adoption of cloud-based software systems is driven by their scalability, flexibility, cost-effectiveness, and ease of access from anywhere with an internet connection. User provisioning involves creating, updating, and deleting user accounts, as well as controlling their access to various resources within the cloud architecture. This approach is critical for ensuring data security, compliance, and operational efficiency in cloud-based applications. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of EU enterprises purchased cloud computing services in 2023, representing a 4.2 percentage point (pp) increase compared with 2021. Therefore, the rising adoption of cloud-based software systems is driving the growth of the user provisioning market.
Major companies operating in the user provisioning market are developing innovative technologies, such as auto-provisioning tools, to increase their profitability in the market. Auto-provisioning tools streamline user provisioning, automating the setup of accounts, access rights, and permissions based on predefined criteria, enhancing efficiency and security in organizational user management. For instance, in June 2023, Callroute, a UK-based Microsoft Teams provisioning company, launched an auto-provisioning tool for Microsoft Teams to help administrators save time and reduce manual errors. This tool helps administrators create personas for different departments and job types, making it easier to assign packages for new hires. It automates policy assignments, such as calling, channels, and messaging, and assigns phone numbers based on user location. This update aims to save 71% on user management costs and cut down on repetitive tasks.
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Major Key Players of the Market:
Microsoft Corporation, Dell Inc, Hitachi Ltd, The International Business Machines Corporation, Oracle Corporation, Broadcom Inc, SAP SE, ATOS SE, Motorola Solutions Inc, Okta Inc, Zoho Corp. Pvt. Ltd, SolarWinds Corp, CyberArk Software Ltd, Happiest Minds Technologies Limited, SailPoint Technologies Holdings Inc, Centrify Corporation, OneLogin Inc, CloudEagle, CA Technologies Inc, EmpowerID, Avatier Corp.
User Provisioning Market 2024 Key Insights:
• The user provisioning market size is expected to see rapid growth in the next few years. It will grow to $19.01 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%.
• Cloud-Based Software Systems Driving Growth In The User Provisioning Market
• Development Of Innovative Auto-Provisioning Tools For User Management
• North America was the largest region in the user provisioning market in 2023
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The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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