DUBLIN--(BUSINESS WIRE)--The "User Provisioning Market by Business Application (Role Management, Password Management, User Log Management, User Governance & Compliance), Service (Professional and Managed), Business Function (IT, HR & Finance), Vertical - Global Forecast to 2022" report has been added to Research and Markets' offering.
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%.
With the increasing need to access devices, applications, and information, the user provisioning application provides user access to specific data and applications, based on the user's particular role. The user governance and compliance business application segment is expected to continue to increase in the coming years across the globe because of the increasing authenticity requirements and emerging security issues.
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.
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.
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.
- Rising Adoption of Cloud-Based Single Sign-On And Password Management Solutions
- Rise in Awareness And the Criticality of User Compliance Management And Governance
- Increased Traction of Security And Risk Mitigation
- Shadow It Risks
- Trending Technologies, Such As Iot And Cloud, Are Redefining the Iam And Provisioning Landscapes
- Aligning the Management Strategies With the Organizational Strategic Initiatives
- Higher Costs Incurred for Manual Provisioning And Deprovisioning
- Lack of Security, Expertise, And Awareness
- CA Technologies
- Centrify Corporation
- Happiest Minds
- Hitachi Id Systems
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