The user provisioning market was valued at $5.51 billion in 2019 and is expected to reach $1.31 billion by 2027, with a CAGR of 12% from 2021 to 2027.
With increasing awareness of compliance management, the adoption of user provisioning and identity and access management (IAM) solutions is expected to be a key driver for enterprises. This is because the solution centrally manages identities within the enterprise and manages huge costs. It involves non-compliance with regulatory orders. In addition, a governance approach helps businesses improve productivity levels on the fly, reduce costs by adopting automation, and protect business assets. There are major challenges hindering the market growth, such as lack of expertise and security. The user provisioning market continues to grow as more and more security threats evolve, so the market lacks the ability to mitigate and respond to these attacks. In addition, there are many organizations that follow a manual process and go through every single user account to authenticate access, which increases the workload and time. So, it becomes important to adopt an automated provisioning and deprovisioning solution.
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User Provisioning Market Segments:
By Component:
• Solution
• Services
By Business Application:
• Role management
• Administration and management
• User log management
• Password management
• User governance and compliance
By Business Function:
• IT
• Administration
• HR
• Marketing and Sales
• Finance
By Service:
• Professional services
• Managed services
By Organization Size:
• Large enterprises
• Small and Medium-Sized Enterprises (SMEs)
By Deployment Type:
• Cloud
• On-Premises
By Vertical:
• Telecom
• Banking, Financial Services and Insurance (BFSI)
• Education
• Government and Public Sector
• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others (Automotive, Transportation, and Logistics and Media and Entertainment)
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)