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User provisioning market expected huge growth in future according to new research report

User provisioning market expected huge growth in future according to new research report

MarketsandMarkets forecasts the global user provisioning market size to grow from USD 4.25 Billion in 2017 to USD 7.56 Billion by 2022, at a Compound Annual Growth Rate of 12.2%.

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MarketsandMarkets forecasts the global user provisioning market size to grow from USD 4.25 Billion in 2017 to USD 7.56 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.2%.

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The user provisioning market is segmented on the basis of components (solution and services), business applications, business functions, verticals, organization sizes, deployment types, and regions. The market is witnessing a critical need for centrally managed user provisioning and reliable authentication solutions, rising adoption of cloud-based Single Sign-On (SSO), and password management solutions.

Furthermore, the rise in awareness and criticality of user compliance management and governance, and the increased traction for security and risk mitigation are said to be driving the adoption of reliable solutions and services.

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The role management business application segment is expected to hold the largest market size during the forecast period, as role-based provisioning offers course-grained and fine-grained real-time user provisioning and authorization decisions to IT administrators. Additionally, it provides the necessary framework to enterprises to efficiently govern access to data based on the employee’s job.

It is instrumental in granting access and rights according to the employee roles. The deployment type segment is categorized into cloud and on-premises.

The business function segment is categorized into IT, administration, HR, marketing and sales, and finance. The vertical segment is further categorized into telecom, Banking, Financial Services and Insurance (BFSI), education, government and public sector, healthcare, retail, manufacturing, energy and utilities, and others (automotive, transportation, and logistics and media and entertainment).

User provisioning solutions are the main component of identity administration activities, which are instrumental in providing features, such as SSO, Multifactor Authentication (MFA), role life cycle management, privileged access security, risk-based access control, Separation of Duties (SoD), automated provisioning and de-provisioning, and self-service profile change and access request. User provisioning solutions and services are instrumental in ensuring organization cost savings, management control, operational efficiency, and the growth of the business.

Moreover, they help in securing the systems, data, and applications from unauthorized access and enhance the employee productivity, thereby increasing the compliance efficiency.

The study measures and evaluates the major offerings and key strategies of the major market vendors, including IBM (US), Oracle (US), CA Technologies (US), Microsoft (US), Hitachi ID Systems (Canada), SAP (Germany), Dell (US), Happiest Minds (India), OneLogin (US), EmpowerID (US), Centrify Corporation (US), and Atos (France). These companies have been at the forefront in offering reliable user provisioning solutions to commercial clients across diverse locations.

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