The user provisioning market is said to be ever increasing, with more security threats evolving, therefore, the market lacks the ability to mitigate and respond to such attacks.
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Moreover, there are various organizations following manual processes and go through every single user’s account for access authentication, hence increasing the workload and time. Therefore, it becomes important to adopt an automated provisioning and provisioning solution
Global user provisioning market size is expected to grow from $4.25 billion in 2017 to $7.56 billion by 2022, at a CAGR of 12.2% with the growing awareness of compliance management, the adoption of user provisioning and Identity and Access Management (IAM)
North America is expected to hold the largest market share in the user provisioning market during the forecast period. With the changing enterprises work environment, adoption of cloud applications, and Bring Your Own Device (BYOD) and mobile practices, along with heavy compliance regulations are likely to be driving the organizations in North America to adopt IAM solutions.
User provisioning solution is expected to be the major driver for enterprises, since the solution helps in the central management of identities within the enterprise and manages the huge costs associated with the non-compliance of regulatory mandates.
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Complete report on User Provisioning Market spread across 157 pages, profiling 10 companies and supported with 77 tables and 45 figures
Furthermore, the awareness for IAM is increasing in the business. These developments are boosting the adoption of user provisioning solutions in the North American region.
Moreover, the region is highly exposed to fraud and privacy threats, and money laundering, which confirm the need to adopt strong security solutions in the region.
In the process of determining and verifying the market size of several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:
Study on User Provisioning Market has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (30%); Tier 2 (40%) and Tier 3 (30%) companies were contacted for interviews.
The interviews were conducted with various key people such as C level (72%), Director Level (14%) and others (14%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (29%), Europe (14%), North America (57%).
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The APAC region is expected to witness a significant growth and projected to be the fastest-growing region in the user provisioning market. APAC has witnessed the advanced and dynamic adoption of new technologies and has always been a lucrative region.
The major factors, such as the increasing internet usage, compliance regulation, and mobile usage are said to be driving the adoption of user provisioning solutions.
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Furthermore, the governance approach helps businesses improvise their productivity levels, adopt automation to reduce costs, and protect the business assets. There are major challenging factors which are said to be hampering the market growth, such as the lack of expertise and security.
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