The major driving factor of the user provisioning market is the increased adoption of cloud-based software.
PORTLAND, PORTLAND, OR, UNITED STATE, September 14, 2023/EINPresswire.com/ — Allied Market Research published a new report, titled, ” The User Provisioning Market to Reach USD 15 Billion by 2031 | Top Players such as – Atos, Kinetix and OneLogin.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global user provisioning market size was valued at USD 4.3 billion in 2021, and is projected to reach USD 15 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031.
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Increase in the adoption of cloud-based software by various companies across the globe, surge in demand for improvement in workforce utilization, and rise in incidents of identity thefts are expected to drive the growth of the global user provisioning market. Shutdown in the production of various industries, reduction in workforce, and economic slowdown in various countries during the pandemic had a negative impact in the growth of the global market.
The user provisioning market is segmented into component, application, deployment model, function, organization size and region. By component, it is bifurcated into solutions and services. By deployment mode, it is segregated into cloud and premises. By function is segregated into finance, HR, administration, IT, and marketing and sales. By application, it is segregated into IT & telecom, healthcare, retail, manufacturing, BFSI, energy and utilities, education, government and public sector, others (automotive, transportation, and logistic). By enterprise size it is categorized into small to medium enterprise and large-scale enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, And LAMEA.
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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.
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.
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Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 15.1% during the forecast period.
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.
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