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%.
Seattle, WA -- (SBWIRE) -- 10/10/2017 -- 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%.
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 user provisioning 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 user provisioning 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.
North America is expected to hold the largest market share and dominate the user provisioning market during the forecast period. North America has always witnessed a high number of identity thefts and fraud incidents, and as a result, it is driving organizations to more swiftly and proactively plan an enhanced adoption of new tools, services, and techniques for security provisions that accompany new technological implementation. Moreover, the increased budgets and grants have invited various big players to make significant investments in this region. User provisioning solutions promptly integrate new trends including mobility, IoT, and cloud, therefore making credentials and passwords more secure to protect sensitive data and systems from sophisticated attackers, who are growing by numbers. These are some important factors driving the growth of the user provisioning market in North America, such as the advent of Small and Medium-Sized Enterprises (SMEs) and the startup culture in North America is growing at a faster pace as compared to the other regions.
Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and has always been a lucrative region. It is expected to grow at the highest CAGR during the forecast period. In addition, the region has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative region for user provisioning and Identity and Access Management (IAM) solutions. Moreover, this region is expected to invest more in on deploying security solutions, owing to the increasing threat of identity and access breaches.
Shadow IT risk is likely to be one of the restraining factors for the user provisioning market. However, the recent developments, new product launches, and acquisitions undertaken by the major market players are said to be boosting the growth of the market.
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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