The global user provisioning market is expected to grow at a significant CAGR during the forecast period (2024-2031). User provisioning is also known as account provisioning. It comprises a software system that provides the organization and businesses to manage data mainly user’s information available on various systems and applications with optimum security. The user provisioning system in terms of its action was quick, efficient, and secure.
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The global user provisioning market is expected to grow at a significant rate with the increasing adoption of cloud-based single sign-on (SSO), password management solutions, reliable authentication solutions, motivating collaboration among the team, rising traction for security and risk mitigation, and among enterprises, the demand for user provisioning software increasing as it centrally tracks and manages task are major factors driving the market growth of the Global User Provisioning Market.
The market players are adopting various strategies in terms of organic and inorganic growth strategies as well as mergers and acquisitions. key players in the market including Archer-Daniels-Midland, Fucoidan Force, Roquette, and others are concentrating on organic growth strategies which include product approvals, product launches, and others with technological advancement. Furthermore, the integration of advanced technologies with real-time user provisioning solutions as coarse-grained and fine-grained authorizations encourages players to develop a solution with efficient features including enhanced security, multifactor authentication (MFA), separation of duties (SoD), and others. Additionally, the vendors stay focused to overcome the restraining factors such as lack of awareness, least availability of technical experts, security concerns, and high cost of manual provisioning.
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Market Coverage
- Segment Covered-
o By Component
o By Business Application
o By Business Function
o By Service
o By Vertical
- Competitive Landscape- IBM, Centrify Corporation, EmpowerID Inc., Happiest Minds, Hitachi ID Systems Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global User Provisioning Market by Segment
By Component
- Solution
- Services
By Business Application
- Role management
- Administration and management
- User Log management
- Password management
- User governance and compliance
By Business Function
- IT
- Administration
- HR
- Marketing & Sales
- Finance
By Service
- Professional Services
- Managed Services
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Vertical
- Telecom
- Banking, Financial Services & Insurance (BFSI)
- Education
- Government & Public Sector
- Healthcare
- Retail
- Manufacturing
- Energy & Utilities
- Others
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