PUNE, India, October 5, 2017 /PRNewswire/ --
According to a new market research report "User Provisioning Market by Business Application (Role Management, Password Management, User Log Management, User Governance and Compliance), Service (Professional and Managed), Business Function (IT, HR, and Finance), Vertical - Global Forecast to 2022", published by MarketsandMarkets™, the global market size is expected 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%.
Browse 77 Market Data Tables and 45 Figures spread through 157 Pages and in-depth TOC on "User Provisioning Market"
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The major forces driving the growth of the User Provisioning Market include the growing need for centrally managed, reliable user provisioning solutions and the increasing traction of security and risk mitigation. Moreover, the rising adoption of cloud-based Single Sign-On (SSO) and password management solutions is also a major factor driving the market growth.
The managed services segment is expected to have the higher growth rate in the User Provisioning Market during the forecast period.
Managed services are gaining traction, as the major managed service vendors are offering reliable services to help their clients in the efficient management of user accounts and user authorizations, based on the business needs. Internal security and role management are the crucial aspects required for executing the enterprise business functions successfully. As a result, user provisioning services are gaining traction in the enterprises for provisioning the access requests of the users and for providing internal security.
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The IT business function is expected to have the largest market share in the User Provisioning Market during the forecast period.
The IT business function area requires reliable user provisioning and IAM solutions at a large scale, due to the voluminous information produced on a daily basis in these areas. In IT business function, user provisioning solutions provide discretionary account provisioning functionality, which empowers the IT administrator to provide access to the right person to the right application and data. Using role management and RBAC features of the user provisioning solutions, IT administrators grant or limit the access to resources or services to an end-user according to their role or profile. User provisioning solutions play a vital role in IT business function area, as these solutions enable IT administrators to create and manage users' access to requested resources in an IT system. It allows the IT administrators to add users based on their roles and the approval of higher level profiles in the organization.
North America is expected to have the largest market share in the User Provisioning Market during the forecast period.
North America is expected to have the largest market share and dominate the User Provisioning Market during the forecast period. The region has always invested substantially in Research and Development (R&D) activities, thereby contributing to the development of new technologies. The growing concerns related to the security of IT infrastructure and complex data have encouraged enterprises in the North American region to adopt reliable user provisioning and authentication solutions. The increasing adoption of connected devices, Bring Your Own Device (BYOD), and cloud-based applications has resulted in the tremendous growth of technology adoption in this region. It has also triggered a rise in next-generation threats and added more complexities and concerns in the IT infrastructure. North America suffers the highest frequency of cyber-attacks and stringent compliance regulations in the world. Therefore, the region is more prone to threats, intrusions, and security breaches, and as a result, it has the largest number of security vendors.
The major vendors in the User Provisioning Market include Oracle (US), Atos (France), IBM (US), Hitachi ID Systems (Canada), Dell (US), OneLogin (US), SAP (Germany), CA Technologies (US), Happiest Minds (India), EmpowerID (US), Microsoft (US), and Centrify Corporation (US).
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