Market Marvels: User Provisioning Market Success Factors, Future And Outlook 2024-2033

Overview and Scope
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.

Sizing and Forecast
The user provisioning market size has grown rapidly in recent years. It will grow from $8.47 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%.  The growth in the historic period can be attributed to the rise of cyber threats, adoption of cloud computing, identity governance, complex IT environments, and identity management awareness.

The user provisioning market size is expected to see rapid growth in the next few years. It will grow to $19.01 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%.  The growth in the forecast period can be attributed to biometric authentication, blockchain-based identity management, continuous monitoring, self-service provisioning, and focus on user experience. Major trends in the forecast period include adaptive access control, regulatory compliance automation, hybrid identity management, collaborative identity management, and zero trust architecture adoption.

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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
The rising adoption of cloud-based software systems is expected to propel the growth of the user provisioning market going forward. Cloud-based software systems refer to applications and services that are hosted and delivered over the internet, allowing users to access and use them remotely via web browsers or client applications. The increasing adoption of cloud-based software systems is driven by their scalability, flexibility, cost-effectiveness, and ease of access from anywhere with an internet connection. User provisioning involves creating, updating, and deleting user accounts, as well as controlling their access to various resources within the cloud architecture. This approach is critical for ensuring data security, compliance, and operational efficiency in cloud-based applications. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of EU enterprises purchased cloud computing services in 2023, representing a 4.2 percentage point (pp) increase compared with 2021. Therefore, the rising adoption of cloud-based software systems is driving the growth of the user provisioning market.

Key Industry Players
Major companies operating in the user provisioning market are Microsoft Corporation, Dell Inc., Hitachi Ltd., The International Business Machines Corporation, Oracle Corporation, Broadcom Inc., SAP SE, ATOS SE, Motorola Solutions Inc., Okta Inc., Zoho Corp. Pvt. Ltd., SolarWinds Corp., CyberArk Software Ltd., Happiest Minds Technologies Limited, SailPoint Technologies Holdings Inc., Centrify Corporation, OneLogin Inc., CloudEagle, CA Technologies Inc., EmpowerID, Avatier Corp.

The user provisioning market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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