What Is The Overview Of The Global User Provisioning Market?
User provisioning refers to the process of setting up and managing user accounts and access rights within an organization's systems and applications, ensuring appropriate permissions and resources are allocated to individuals as needed. It involves creating, modifying, and removing user accounts, as well as managing user privileges and permissions throughout the user lifecycle.
User Provisioning Global Market Report 2024 provides data on the global user provisioning market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The user provisioning market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global User ProvisioningMarket Expected To Grow In Size And Annual Rates?
The user provisioning market has seen rapid expansion, growing from $8.47 billion in 2023 to $9.94 billion in 2024, with a CAGR of 17.4%. Growth during the historical period can be attributed to rising cyber threats, the adoption of cloud computing, the need for identity governance, complex IT environments, and increased awareness of identity management. The market is expected to grow further, reaching $19.01 billion in 2028 at a CAGR of 17.6%. This growth will be driven by the adoption of biometric authentication, blockchain-based identity management, self-service provisioning, continuous monitoring, and enhanced user experience. Emerging trends include adaptive access control, automated regulatory compliance, hybrid identity management, collaborative identity solutions, and zero-trust architecture.
What Main Forces Are Fueling Expansion In The User Provisioning Market?
The adoption of cloud-based software systems is expected to accelerate the growth of the user provisioning market. Cloud-based software refers to applications hosted online, which users can access remotely. The increasing shift towards cloud solutions is driven by their scalability, flexibility, cost-effectiveness, and accessibility. User provisioning, which involves managing user accounts and access to resources, plays a crucial role in ensuring security and efficiency in cloud applications. In December 2023, Eurostat reported that 45.2% of EU enterprises purchased cloud services in 2023, up by 4.2 percentage points compared to 2021. Thus, the growing use of cloud-based systems is driving the expansion of the user provisioning market.
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What Are The Primary Segments In The Global User Provisioning Market?
The user provisioning market covered in this report is segmented –
1) By Type: Solution, Service
2) By Deployment: Cloud-based, On-premise
3) By Organization Size: Large Enterprise, Small And Medium Size Enterprise (SMEs)
4) By Vertical: Government, Telecommunication And Information Technology, Banking Financial Services And Insurance (BFSI), Manufacturing, Retail, Healthcare, Other Verticals
Which Key Trends Are Driving Changes In The User Provisioning Market?
In the user provisioning market, companies are focusing on auto-provisioning tools to improve efficiency and security in user management. These tools automate the setup of accounts, access rights, and permissions. For example, in June 2023, Callroute, a UK-based Microsoft Teams provisioning company, introduced an auto-provisioning tool for Teams to help administrators streamline user setup. The tool automates the assignment of roles and policies, reducing manual errors and saving time on user management tasks.
What Is The Leading Region In The User Provisioning Market?
North America was the largest region in the user provisioning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the user provisioning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
